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Posts from ‘October, 2011’

Shell focuses on less developed US shale oil plays

HOUSTON | Mon Oct 31, 2011 7:35pm GMT Oct 31 (Reuters) – Royal Dutch Shell (RDSa.L) is “very interested” in onshore U.S. shale oil, but the company is focusing on less developed plays to bypass the pricey competitive rush for more established acreage, the head of Shell’s Americas operations said on Monday. Marvin Odum told […]

Irregularities in a Royal Dutch Shell tender process

By John Donovan It is interesting to read the current articles (1) (2) from the Brunei Times highlighted by a contributor to our Shell Blog. They concern allegations of irregularities in a Shell tender process. Some years ago I stumbled across evidence in Shell’s own internal documents of a rigged contract tender process involving several […]

Royal Dutch Shell, Tony Blair and Muammar Gaddafi

From pages 42 & 43 of “Royal Dutch Shell and its sustainability troubles” – Background report to the Erratum of Shell’s Annual Report 2010 The report was made on behalf of Milieudefensie (Friends of the Earth Netherlands) Author: Albert ten Kate: May 2011. In May 2005, Shell signed an agreement to start a joint venture […]

Missing Shell exec found dead in Netherlands

31 October 2011 CALGARY — What should have been business as usual in the Netherlands turned tragic this weekend, as a missing Shell Canada employee has turned up dead. Barry Maguire, a general manager of design engineering for Shell, was found by the sea early Sunday. A spokesman for the company confirmed Sunday evening Maguire […]

Asia LNG prices to continue rising-Shell CEO Voser

Mon Oct 31, 2011 6:07am GMT Oct 31 (Reuters) – Oil major Royal Dutch Shell Plc (RDSa.L) expects prices of liquefied natural gas (LNG) in Asia to continue rising and refining margins to stay under pressure in 2012, its chief executive said on Monday. “LNG prices are rising and we see this continuing,” Peter Voser […]

Malcolm Brinded sucking up to the Chinese government

Following the demise of his friend Gaddafi, Royal Dutch Shell Executive Director Malcolm Brinded (center figure in photo immediately above) has turned his attention to the Chinese government. Jia Qinglin (Front, R same photo), chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), listens to the introduction of a senior manager […]

Shell looks to North Sea as European investment cut

MARK WILLIAMSON 28 Oct 2011 ROYAL Dutch Shell said it would curb investment in Europe where it expects the economy to stagnate, but made clear it would still spend in the North Sea. Announcing bumper profits driven by high oil prices, the oil and gas giant said it will shift a growing share of its […]

OIL GIANT ROYAL DUTCH SHELL PROFITS BONANZA

By David Cralk: Friday October 28,2011 OIL giant Royal Dutch Shell unveiled a doubling in profits ­yesterday thanks to higher prices as it vowed to slash European investment because of economic fears. Chief executive Peter Voser said the group was making good progress as it reported third-quarter profits of $7.2billion (£4.5billion) for the period to […]

SHELL’S PROFITS HIT £49m A DAY

By STEVE HAWKES, Business Editor: Friday 28 October 2011 *£12.5bn cash in the bank *90,000 staff around the world *3m output in millions of barrels a day SOARING oil and gas prices have sent profits surging to £49million a day at SHELL. The energy giant made a whopping £4.5billion over the three months to October […]

Shell is another country: they do things differently there

The oil giant handles budgets and projects of a size that would daunt nation states. The difference is that it need answer to no one … and it’s running a huge surplus Posted by Terry Macalister Thursday 27 October 2011 13.08 BST The Guardian Shell: ‘ticking like a Swiss watch’. Photograph: Leon Neal/AFP/Getty Images What […]

North Sea oil spill risk ‘unacceptably high’, claims European commission

Commission says new laws needed to prevent another Deepwater Horizon, as Shell and Exxon reveal massive profits Terry Macalister guardian.co.uk, Thursday 27 October 2011 13.34 BST Shell made $7.2bn in profits in the third quarter. Photograph: Royal Dutch Shell/EPA The European commission has warned that the likelihood of a Deepwater Horizon-type accident in the North […]