Royal Dutch Shell plc .com Rotating Header Image

Posts under ‘Daily Telegraph’

Nigeria oil spill payouts would encourage terrorism, Shell claims

Royal Dutch Shell has been forced to defend its record on oil spills and human rights in Nigeria in the face of a barrage of criticism before a panel of Dutch politicians. Shell has been trying to sell up to $4bn of onshore oil assets in Nigeria for more than a year Photo: Alamy By Rowena [...]

Shell to Stop Fuel Output at Hamburg Refinery for Conversion to Terminal

By Brian Swint and Rachel Graham – Jan 12, 2011 2:02 PM GMT+0000 Royal Dutch Shell Plc said it plans to stop fuel production at its refinery near Hamburg and turn it into a terminal after a two-year search failed to find a buyer. The company is still looking to sell the lubricant production unit [...]

Shell to be grilled over Nigerian oil tensions

Royal Dutch Shell will be questioned by politicians over its operations in Nigeria – two months after tensions over oil exploration in the region flared up again. Members of the militant Movement for the Emancipation of the Niger Delta (MEND) on patrol. Photo: EPA   By Rowena Mason 6:30AM GMT 05 Jan 2011 Dutch lawmakers have [...]

Questor share tips for 2011: Royal Dutch Shell

There are three main reasons that Royal Dutch Shell has made it into Questor’s tips of the year – the first being that it is not BP. By Garry White, Questor Editor 6:00AM GMT 03 Jan 2011 £100 OIL Royal Dutch Shell £21.15 There are three main reasons that Royal Dutch Shell has made it [...]

BAE Systems: timeline of bribery allegations

Years of bribery investigations into BAE Systems by the Serious Fraud Office were brought to a close today, when the company was fined after pleading guilty to failing to keep proper accounting records in Tanzania. Here is a timeline of investigations of the defence company: (ADDED BY JOHN DONOVAN: SHELL PLAYED A KEY MONEY LAUNDERING [...]

BP shines as FTSE 100 hits new high for year

Fuelled by a rise in BP, the benchmark index headed to its highest level so far this year. By Rachel Cooper, City Reporter 7:02PM GMT 14 Dec 2010 Having been treated to a round of deals earlier in the week, investors were on the hunt for fresh takeover tittle-tattle. BP did the honours, gushing up [...]

Shell to be prosecuted over Bacton gas terminal fire

Royal Dutch Shell is facing “serious” charges for alleged environmental and safety problems connected to a fire at its Bacton gas terminal almost three years ago. The price of Brent crude oil jumped to more than $100 per barrel when the fire broke out at a water treatment plant at Bacton gas terminal in February [...]

Gazprom and Shell to develop energy projects together

The Telegraph: Gazprom and Shell to develop energy projects together A new “special relationship” between Royal Dutch Shell and Russian state gas giant Gazprom will see the two companies develop more energy projects together. Shell has agreed to let Gazprom share some of its projects abroad if it is allowed to help develop the third [...]

Royal Dutch Shell hypocrisy on bribery

EXTRACT FROM ROYAL DUTCH SHELL BUSINESS PRINCIPLES Principle 3 Business Integrity Shell companies insist on honesty, integrity and fairness in all aspects of our business and expect the same in our relationships with all those with whom we do business. The direct or indirect offer, payment, soliciting or acceptance of bribes in any form is [...]

Shell to pay $48m Nigerian bribe fine

These companies, including Shell, admitted they “approved of or condoned the payment of bribes on their behalf in Nigeria and falsely recorded the bribe payments made on their behalf as legitimate business expenses in their corporate books, records and accounts”. Daily Telegraph: Royal Dutch Shell has been ordered to pay $48m (£29.4m) in civil and [...]

Shell slashes $18bn from Kashagan costs

DAILY TELEGRAPH: Royal Dutch Shell has radically simplified the design of the Kashagan oil development, slashing $18bn (£11.5bn) from the cost of the second phase of development as it strives to make the project economically viable. By Richard Orange in Almaty Published: 11:38AM BST 25 Oct 2010 The milestone report from Shell’s Kashagan Cost Reduction [...]

City eyes third-quarter growth from Shell

Daily Telegraph: Royal Dutch Shell’s results beat market expectations in the first half. 25 October 2010 The City is expecting profits at Royal Dutch Shell to have risen 50pc to $4.3bn when it reports its results on Thursday Photo: Johnny Greig / Alamy When it posts third-quarter figures on Thursday, investors will be watching to [...]

Shell attacks BP over oil well safety, as US lifts ban on Gulf of Mexico drilling

Peter Voser, the chief executive of Royal Dutch Shell, has strongly criticised BP’s well design and internal inquiry into the causes of the Gulf of Mexico oil spill. By Rowena Mason, Energy Correspondent Published: 8:58PM BST 12 Oct 2010 The Deepwater Horizon exploded and sank on April 20, killing 11 men Photo: AP BP’s report [...]

BP’s Tony Hayward: the right man in the right place at the wrong time?

Daily Telegraph When BP became a sponsor of the US Olympics team for London’s 2012 games in February, Tony Hayward could have been forgiven for thinking he deserved a pat on the back, if not quite a medal. By Richard Blackden Published: 6:00AM BST 30 Sep 2010 Tony Hayward’s fate was sealed as the scale [...]

Shining a harsh light into the murky world of corporate behaviour

“I suppose Cable’s experience of this murky world came while enjoying his comfortable existence as a well paid employee of Shell.” Comment from the Daily Telegraph article: Emotional Anti-Business Secretary should be an odd man out of a job