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Posts under ‘Daily Telegraph’

Shell is top as global dividends breach $1 trillion

Extract from article by Harriet Dennys published by The Telegraph on 24 Feb 2014 UK companies take three places in top ten dividend payers, with Shell in pole position. Energy major Royal Dutch Shell paid the highest returns to shareholders in 2013, in a year when global dividends broke through the $1trn barrier for the […]

Firesale: Shell to sell three North Sea oil fields

Exclusive: Oil giant insists it is committed to North Sea after telling staff it expects to sell assets as part of £9bn disposal programme Royal Dutch Shell is poised to announce the sale of three of its fields in the North Sea as the company speeds up its plan to divest $15bn (£9bn) of assets. […]

Iraq and Iran plot oil revolution in challenge to Saudi Arabia

Iraq’s goal of pumping 9m barrels a day of crude could be a game changer for oil prices and British companies: British oil giants BP and Royal Dutch Shell are also poised to benefit from Iraq’s ambitious production plans. Both companies are already managing two huge oil fields in southern Iraq which are vital if Baghdad […]

Shareholder Shell distances itself from Oman bribes case

AFTER the rumpus over the exit of Royal Dutch Shell’s legal director on Wednesday, the oil giant’s media team was no doubt hoping for a quiet end to the week. Sadly, it wasn’t to be. Yesterday, Diary picked up reports in the Arab press about corruption at Shell’s Omani joint venture, Petroleum Development Oman (PDO). […]

The destabilisation of Royal Dutch Shell gathers pace

While speculation still swirls about the unexpected early exit by Peter Voser and the abrupt departure by Peter Rees, we can now add the name of Andy Brown to the mystery about the seismic developments and uncertainty that has engulfed Royal Dutch Shell Plc.  By John Donovan  Three weeks ago I published an article under the […]

Total dips a toe in UK shale but BP and Shell unlikely to follow

The French company trumpeted becoming the “first major to enter into shale gas licences in the UK”, calling it an “important milestone”. But its stance contrasts starkly to that of Shell, whose British chief financial officer Simon Henry said last year it had no desire to be “first in and be in the headlines every day […]

Shell paves way for share buyback in 2014

The company has recently come under fire from major investors for allegedly not treating British investors on a par with Dutch shareholders. Shell cancelled a London event last year that provided a live TV link-up to its annual meeting in the Hague, angering British-based investors. Shell’s head of refining and marketing chief, Ben van Beurden […]

Shell to sell off £18bn in assets after profits tumble

OIL giant Shell is to start a sale of up to $30bn (£18bn) of assets next year after weak refining margins and oil theft in Nigeria caused a sharp fall in profits, it can be disclosed. Mr Voser, a Swiss national, is to step down at the end of the year and will be succeeded […]

BP and Shell among oil firms Iran wants back in country

Iranian Oil Minister seeks talks with oil giants to return Iran to help tap world’s fourth-largest oil reserves after sanctions are lifted By Reuters: 2:25PM GMT 04 Dec 2013 Iran on Wednesday named seven Western oil companies it wants back in its vast oil and gas fields once international sanctions are lifted and said it […]

European oil giants to talk terms with Iran

Oil ministry officials from Tehran to meet executives from European oil companies and industry experts in London early next year to present the terms upon which they will be invited back By Andrew Critchlow: 8:00PM GMT 01 Dec 2013 Iran is stepping up its engagement with European oil companies ahead of inviting them back to […]

Shell’s Arctic costs spiral as it admits damaged Kulluk rig may be written off

Energy giant hopes to resume controversial Arctic drilling in 2014 if authorities allow, but rig damage forces change of plans. The Kulluk rig ran aground in stormy weather on New Year’s Eve, in a major reputational blow for Shell. By Emily Gosden: 10:16AM GMT 31 Oct 2013 Royal Dutch Shell has warned is likely to […]

Shell profits drop 31pc to $4.2bn on Nigeria and refining woes

 Shell blames weak industry refining margins and security problems in Nigeria for sharp drop in third-quarter profits. By Emily Gosden: 7:40AM GMT 31 Oct 2013 Royal Dutch Shell blamed weak refining margins across the industry and the deteriorated security situation in Nigeria for 31pc drop in third-quarter profits, to $4.25bn. The results were significantly worse […]

Shell’s giant floating refrigerator to tap new gas reserves

Chief executive Peter Voser tells Emily Gosden why the massive Prelude vessel is a game-changer By Emily Gosden, in Geoje, South Korea 6:00AM BST 21 Oct 2013  Peter Voser is surveying the view from the Prelude vessel, which he has just boarded for the first time. “Now you see the difference,” he says, pointing out […]

Dozens of LNG platforms to be developed – Shell

Dozens of floating liquefied natural gas (LNG) vessels will be developed by the energy industry over the next two decades, according to Royal Dutch Shell By Emily Gosden, in Geoje South Korea 6:00AM BST 21 Oct 2013 Dozens of floating liquefied natural gas (LNG) vessels will be developed by the energy industry over the next […]