Posts under ‘Cairn Energy’

By John M. Biers TOTAL CEO SEES ARCTIC DRILLING AS RISKY BUSINESS When was the last time you heard an executive from Big Oil say no thanks to drilling a hot prospect because it was too risky to the environment? Yet that’s what Total Chief Executive Christophe de Margerie just did with arctic drilling. The [...]

By Karl Ritter on August 29, 2012 STOCKHOLM (AP) — Global warming has ignited a rush to exploit Arctic resources — and Greenpeace is determined to thwart that stampede. Employing the same daredevil tactics it has used against nuclear testing or commercial whaling, the environmental group is now dead-set on preventing oil companies from profiting [...]

Shell News Archive Saturday 31 December 2005 Toronto Star: Royal Dutch Shell eyes Canadian minority buyout: Offer could be worth $7 billion: Saturday 31 December 2005: READ   Business Times Malaysia: Joint venture field delivers first gas: “SHELL Malaysia and Petronas Carigali Sdn Bhd have achieved a major milestone with the delivery of first gas [...]

From our Shell News Archive Sunday 20 November, 2005 Al-Bawaba (Jordan): Shell to start seismic operations in Libya: Sunday 20 November 2005: READ AME Info (United Arab Emirates): Shell introduces innovative technology for water life cycle management in oil fields: Sunday 20 November 2005: READ   BLOOMBERG: Putin to Seek Kurils Solution Through Economic Ties: [...]

Daily Telegraph: Cairn storms on after Indian field breaches forecasts “Cairn has now found 2.5billion barrels of oil – 1.7billion of which have already been verified by independent consultant DeGolyer & MacNaughton – since January last year.”: “The company has drilled 100 wells – 12 of which have struck black gold – on a field [...]

Daily Mail: Shell’s pain is Cairn Energy’s gain “Canny Scottish operator Cairn bought the Indian fields three years ago for just £4m – from Shell.” Wednesday 21 Sept 2005 By Ruth Sunderland SHELL has been forced into a climb down following a row with 400 rebel private investors over the unification of its British and [...]

FROM OUR AUGUST 2005 SHELL NEWS ARCHIVE ROYAL DUTCH SHELL ROBBERS AND RASCALS “…Shell shareholders have to foot the bill for lawyers fees run up in the course of defending fat cat crooks, such as Sir Phillip Watts, the disgraced former Group Chairman of the Royal Dutch Shell Group. Sir Phillip ended up with a [...]

Royal Dutch Shell News Thursday, 7 April 2005 Houston Chronicle: Shell is hoping to book disputed reserves again: Fields off coast of Australia had been overstated: “Shell, based in London and the Hague, last month said its oil and gas reserves as of 2002 were overstated by 41 percent, the culmination of five cuts that [...]

Shell News Thursday, 20 January 2005 DAILY MAIL (UK): City & Finance: Shell to recruit 1,000 engineers: “SHELL is recruiting 1,000 more engineers to beef up the business at the centre of lasts year’s reserves scandal.” (ShellNews.net) Posted 20 Jan 05 FINANCIAL TIMES: BP aims to abandon share option incentives: “…Royal Dutch/ Shell has requested [...]

Shell News Monday, 17 January 2005 Houston Chronicle: Shell Oil awaits a new leader: U.S. chairman will seek to rebuild company’s image: “As part of the Royal Dutch-Shell Group of Companies’ continued management shuffle, it is installing a new U.S. country chairman, John Hofmeister…”: “widely credited with hiring Judy Boynton, the former chief financial officer [...]

Shell News Archive Saturday 18 December, 2004 PRNewswire: STARZ Buying Club Celebrates First Anniversary; Shell-Branded Retail Outlets Enjoy Savings and Efficiencies From Program (ShellNews.net) Posted 18 Dec 04 TMCnet.com: ESRI Reaches Groundbreaking Agreement with Shell (ShellNews.net) Posted 18 Dec 04 The Independent (UK): Cairn shares crash after setback in Rajasthan: “Cairn has enjoyed a meteoric [...]

The Times: Business Editor’s Commentary: Entrepreneurs need vision, determination and bravery as do large companies if they are to prosper. Bill Gammell has all those qualities. He also has a very lucrative oilfield in India, which Shell decided to abandon. Sir Philip Watts would not have qualified for the first round of the Entrepreneur of [...]

FROM OUR SHELL NEWS ARCHIVE SEPT 2004 The Independent: Michael Harrison’s Outlook: Shell supertanker steers into deeper waters “brotherly love has been notable for its complete absence inside the South Bank politburo, where the motto has been stab someone in the back before you are made to walk the plank yourself.”: Judging by the reaction [...]

The Times: COMMENT: Well, well, well: “Shell has made six “significant finds” since the start of last year and they might have been involved in more had it not, famously, sold for a pittance its stake in the fruitful Mangala field in India to Cairn.”: “…Shell’s great lucky break was that its annus horribilis has [...]

The Age (Australia): Shell spends big to recoup ‘lost’ oil “Managing director of exploration and production Malcolm Brinded admitted that Shell’s reserve replacement rate would only be 100 per cent over the next five years – less if the “lost” barrels were excluded.” By Christopher Hope London September 24, 2004 Shell has pledged to spend [...]