
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”
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.
It is dwarfed by the £17m fine against Royal Dutch Shell in 2004, the watchdog’s largest to date, for market abuse.
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”
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”
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.
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″
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”
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?”
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.