Further delays likely at Kazakh oil field

Posted on May 13, 2008 by John Donovan.
Categories: Financial Times.

The project’s consortium, which includes Royal Dutch Shell, Eni, Total and ExxonMobil, wants to push back the start of the 13bn-barrel field for at least another year, Kazakh ministry officials said yesterday.

Click to continue reading “Further delays likely at Kazakh oil field”

only this weekend, Royal Dutch Shell pulled out of an Iranian gas project

Posted on by John Donovan.
Categories: Financial Times.

Resources close to home look ever more tempting to western energy companies at a time of rising resource nationalism - only this weekend, Royal Dutch Shell pulled out of an Iranian gas project.

Click to continue reading “only this weekend, Royal Dutch Shell pulled out of an Iranian gas project”

Shell and Repsol drop Iran gas project

Posted on May 12, 2008 by John Donovan.
Categories: Financial Times, Gas, Iran.

Royal Dutch Shell and Spain’s Repsol have pulled out of one of Iran’s biggest gas projects, dealing a blow to Tehran’s attempts to expand its energy exports in the face of US and international sanctions.

Click to continue reading “Shell and Repsol drop Iran gas project”

Financial Times: US to probe Nigeria oil industry payments

Posted on May 10, 2008 by John Donovan.
Categories: Financial Times.

US anti-bribery investigators are targeting a former Halliburton subsidiary over its work on a key Royal Dutch Shell project in Nigeria, widening a corruption probe into the country’s troubled oil industry.

Click to continue reading “Financial Times: US to probe Nigeria oil industry payments”

Oil Prices

Posted on May 9, 2008 by John Donovan.
Categories: Financial Times.

When crude prices collapsed in the late 1980s, so did interest in oil as an investment and a career - even Dallas , TV’s celebration of big oil and big hair, bowed out in 1991.

Click to continue reading “Oil Prices”

Call options bet on oil hitting $200

Posted on by John Donovan.
Categories: Financial Times.

The number of financial bets on crude oil prices hitting $200 before the end of this year have spiked almost 40 per cent since the start of May, a further sign of growing concern that oil prices will continue to rise sharply in the near term.

Click to continue reading “Call options bet on oil hitting $200″

Court rules on BP blast victims’ rights

Posted on May 8, 2008 by John Donovan.
Categories: BP, Financial Times.

A federal appeals court ruled on Wednesday that the rights of victims in BP’s fatal Texas City explosion in March 2005 were violated by US prosecutors who reached a secret plea agreement with the UK oil group late last year before consulting victims.

Click to continue reading “Court rules on BP blast victims’ rights”

Are retention bonuses the right way to lock in staff?

Posted on May 7, 2008 by John Donovan.
Categories: Financial Times.

Last month Shell and BP roused the ire of investors when they announced plans to award some of their executive directors “retention bonuses”, that is, payments for staying in the job. Companies typically offer such bonuses in the hope of holding on to managers who may have missed out on senior jobs.

Click to continue reading “Are retention bonuses the right way to lock in staff?”

Start-ups seek prize pay-off

Posted on by John Donovan.
Categories: Financial Times.

James Smith, chairman of Shell UK, which runs competitions LiveWire, for entrepreneurs between the ages of 16 and 30, and Springboard, aimed at companies with services or products that help to combat climate change, says competition winners are well placed to raise money from banks and other investors. Other benefits include expert advice, coaching and publicity.

Click to continue reading “Start-ups seek prize pay-off”