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Posts under ‘India’

Mike Watts, who found oil in Thar desert, to quit Cairn Energy

Extract from an article published 10 April 2014 by New Delhi: Dr Mike Watts, the man credited with discovering India’s largest onland oil field in Rajasthan, will step down from the board of Cairn Energy plc in mid-May.  He saw oil in the Thar desert when Royal Dutch Shell could not and bought out […]

Brazil’s Petrobras Completes $1.6 Billion Oil-Field Sale

December 30, 2013 RIO DE JANEIRO–Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, said late Monday that it had completed the sale of a 35% stake in an offshore oil field to partners Royal Dutch Shell PLC and India’s ONGC Videsh. With completion of the deal, Shell raises its stake to 73%… FULL ARTICLE […]

Wake-up call to Shell India from a disgruntled retailer

This is to get it to your notice what’s happening in Shell India. One of the worst management I have seen. Shell please wake-up and do save our retailer community in India. Some one please do exit-interviews of the retailers who have left and do justice to people who serve you. In India bribes are […]

Shell chief Peter Voser warns of oil crunch without investment

Some analysts have questioned whether a change in management at Shell, with Ben van Beurden due to take over in three months, could see a change in strategy to focus the company on greater returns. JP Morgan asked in a recent investor note: “Does he want to run a lowly-rated, large company or create a […]

Vodafone, Shell asked to file replies in tax case by 10 October

Both firms have challenged tax demands through writ petitions in high court in an alleged transfer pricing case: Shell India is fighting a tax order accusing it of underpricing an intra-group share transfer by Rs.15,000 crore and consequently evading taxes. Mumbai: The Bombay high court on Monday asked the Indian units of Vodafone Group Plc […]

China Fracking Quake-Prone Province Shows Zeal for Gas

By Benjamin Haas – Aug 1, 2013 12:01 AM GMT+0100 China won’t let earthquakes hinder its quest for energy. Companies such as Royal Dutch Shell Plc (RDSA) and China National Petroleum Corp. are starting to drill for gas and oil in shale rock in Sichuan, the nation’s most seismically active province, a process geologists say […]

Shell proposes LNG project in AP, seeks Govt support

Hyderabad, June 13:   A high powered team from Shell and Richard Hyde, British Deputy High Commissioner, Hyderabad on Thursday called on State Infrastructure Minister to discuss their plans to set up a LNG project in Andhra Pradesh. The delegation including Roger Bounds, Shell Vice President Global LNG and Sander Stegenga, Shell Chief Executive Officer, Andhra […]

ONGC, Shell set to split $6bn gas buy

Piyush Pandey, TNN | May 31, 2013, 06.16AM IST MUMBAI: Oil and Natural Gas Corporation (ONGC) and Royal Dutch Shell will equally split the prized 20% stake acquisition in Rovuma basin gas block in Mozambique, after the sellers decided to court individual buyers due to difference in priorities. The stake on offer is valued between […]

Shell challenges $1 billion tax demand in Bombay HC

Thursday, April 25, 2013 Mumbai: Global oil major Royal Dutch Shell Thursday said it has moved the Bombay High Court here, challenging the USD 1 billion demand made by the tax authorities on a four-year-old equity infusion. “Shell confirms that it has filed a writ petition in the Bombay High Court challenging the draft tax […]

Indian arm of Royal Dutch Shell accused of tax evasion

The Indian arm of Royal Dutch Shell Plc, which has been accused by the income tax authorities of underpricing an intra-group share transfer by Rs15,000 crore and consequently evading taxes, has filed a writ petition in the Bombay high court challenging the income tax order. Thu, Apr 25 2013. 05 57 PM IST Mumbai/ New […]

Shell misses out on £1.4bn French deal

Royal Dutch Shell is poised to miss out on a £1.4bn acquisition of French oil explorer Maurel & Prom. Royal Dutch Shell was reported last June to have been interested in buying the Paris-listed business, which has assets in Africa and Latin America. Photo: BLOOMBERG NEWS By Ben Harrington:  Sunday 17 Feb 2013 State-backed Indonesian company […]

Selection of links to Shell related articles: 17 February 2013

Selection of links to current Shell related articles kindly provided by a regular contributor Heat on Nigeria oil industry as sector chiefs meet: Daily Nation-Major oil industry executives gather in Nigeria’s capital for an annual … by government ministers and top officials from oil majors Shell, Exxon, … Oil and Gas Feeding Off Each Other […]

Cameron may fly in to Shell India tax row

By Andrew Callus: LONDON | Fri Feb 15, 2013 3:18pm GMT (Reuters) – Oil company Royal Dutch/Shell has asked the British government to raise the subject of a tax dispute with India during Prime Minister David Cameron’s visit there next week, according to a source familiar with the request. The dispute blew up earlier this […]

Shell Denies Tax Evasion in India

By NEHA THIRANI BAGRI: February 4, 2013 The Indian unit of the Anglo-Dutch oil company Royal Dutch Shell said Monday that it would challenge a notice by the Indian tax authorities alleging tax evasion through the transfer of shares. Deepak Mukarji, a Shell India spokesman, said that the company had received an order on Friday […]