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Posts from ‘April, 2010’

Shell sees profits surge on oil price rise

By Daily Mail Reporter Last updated at 8:43 AM on 28th April 2010 Oil giant Royal Dutch Shell today revealed that profits rose almost 50 per cent during the first three months of the year as it joined rival BP in benefiting from higher oil prices. The Anglo-Dutch firm reported earnings of $4.9bn (£3.2bn) for [...]

Shell 1Q Beats Consensus On Improved Oil, Gas Output

THE WALL STREET JOURNAL 28 APRIL 20010 By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Wednesday posted a consensus-beating 60% rise in adjusted profit for the first quarter due to higher oil prices and output that grew much faster than expected. “We are making good progress in improving our [...]

Security firm for Shell at Corrib site rejects ‘conclusion on alleged assault’

The Irish Times – Wednesday, April 28, 2010 LORNA SIGGINS Western Correspondent THE COMPANY providing security to Shell at the Corrib gas project in north Mayo for the past two years has said it rejects outright a “central conclusion” of a report on the dispute at the site by a human rights organisation. The security [...]

Shell’s last throw of the dice on the Corrib Gas Project.

Shell planning large tunnel off the coast of Mayo 25 April 2010 By Nicola Cooke Shell will apply to An Bord Pleanála next month for permission to build a large tunnel under the seabed off the Mayo coast as part of the latest plan to get gas from the Corrib field. The move, designed to avoid [...]

Focus on sinister events surrounding Shell Corrib Gas project

“He examines issues relating to Shell security firm, I-RMS, including surveillance of residents, and licensing and vetting of staff, such as the former staff member who travelled to Bolivia with late Irishman Michael Dwyer in late 2008.” The analysis in the report of a number of incidents relating to the Corrib gas dispute is critical [...]

US evacuates oil rig after Gulf of Mexico leak

US authorities have evacuated an oil platform in the Gulf of Mexico near where another oil rig sank after an explosion last week. Workers on the Ocean Endeavour were evacuated as an oil slick from the wrecked platform was coming dangerously close, officials say

Earnings Preview: Shell to post strong Q1

In addition to cutting personnel costs, Shell has been investing heavily in new capacity to reverse a decade-long slide in production. Most analysts are upbeat about future prospects, but it may underperform peers until production comes on line. Shell has frozen its quarterly dividend at the 2009 level of $0.42 per share for 2010 to protect its balance sheet.

Shell drafted letter Tony Blair sent to Gaddafi while Prime Minister

“In the draft, Shell tells Mr Blair to discuss positive progress on weapons of mass destruction as well as the investigation into the murder of WPC Yvonne Fletcher outside the Libyan Embassy in London in 1984.” David Robertson, Business Correspondent Tony Blair lobbied Colonel Muammar Gaddafi on behalf of Shell in a letter written for [...]

Toxic soil lurks beneath Carson neighborhood

“Shell was slow to cooperate with the investigation, Egoscue said. “Initially they were dragging their feet,” she added. The agency sent the company a notice of violation in April 2009.” “Most residents have joined a lawsuit against Shell and others…” “It’s the most despicable situation I’ve seen in 40 years of doing this…” Rosemary Noval [...]

Shell Expects ‘Seamless’ Transition as Geelong Contract Ends

By Ben Sharples April 27 (Bloomberg) — Royal Dutch Shell Plc said it expects a “seamless transition” when a cleaning contract ends at its Geelong oil refinery in Australia’s Victoria State at the end of the month. Shell anticipates no impact on production, spokesman Paul Zennaro said by phone in Melbourne today. Fuel supplies could [...]

1,000 barrels of oil a day spilling in the Gulf of Mexico

NASDAQ 26 April 2010 BP plc ( BP ) is now leading the charge in containing the oil spill in the Gulf of Mexico following the explosion of one of its contracted offshore rigs. The company, together with Swiss drilling contractor Transocean Ltd. ( RIG ), is currently drilling a well to activate a blowout [...]

BP, ROYAL DUTCH SHELL, EXXON MOBIL AND CHEVRON PAY FIXING INVESTIGATION BY FTC

NASDAQ 26 April 2010 BP as well as Royal Dutch Shell plc, Exxon Mobil Corp. and Chevron Corp. are being investigated by the U.S. Federal Trade Commission regarding compensation of their employees, according to the Wall Street Journal over the weekend. The probe is over whether the human resources departments of the various companies have [...]

FTC Investigates Oil Firms Over Hiring, Wages

THE WALL STREET JOURNAL By THOMAS CATAN 26 APRIL 2010 WASHINGTON—The Federal Trade Commission is investigating whether the world’s biggest oil companies colluded to suppress managerial, professional and technical employees’ wages in ways that violated U.S. antitrust laws, according to people familiar with the matter. The previously undisclosed probe has been open for several years [...]

Iran issues ultimatum to Royal Dutch Shell

Iran gives Shell, Repsol a week to decide on Pars TEHRAN, April 26 (Reuters) – Iran has given Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and Repsol (REP.MC: Quote, Profile, Research) one week to decide on their involvement in the offshore South Pars natural gas field, the semi-official Mehr news agency reported on Monday. Iran [...]

Oklahoma Appeals Court Rules Shell Guilty of Royalties Fraud

“In the present case, the reprehensibility of Shell’s conduct is heightened by its intentional deceit of the interest owners whose oil proceeds it held for their benefit…” NANCY FULLER HEBBLE AND OTHERS vs SHELL OIL CO. In May 2008,  an Oklahoma jury ordered Shell Oil Co. to pay a whopping $66 million to five royalty [...]