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Posts under ‘India’

Shell Acquisition of BG Group to Create Giant Operator of LNG Ships

LONDON –  Royal Dutch Shell PLC’s (RDS.A) planned $70 billion acquisition of BG Group PLC would create a giant operator of liquefied-natural-gas vessels, offering owners that charter the ships more opportunities for lucrative, long-term contracts in an otherwise-depressed shipping industry. “The merger offers owners more flexibility and better utilization of their fleets, which could mean […]

850 jobs at stake in Shell Cyberjaya

KUALA LUMPUR, March 17, 2015:  Around 850 jobs could be at stake at Shell offices in Cyberjaya as the Anglo-Dutch oil major consolidates its IT functions at a new base in Bangalore, India. While no decision has yet been made, a senior officer dropped this bombshell during a town hall meeting with staff in Cyberjaya […]

Shell to set up global IT centre at Bengaluru

New Delhi: Global energy giant Shell on Wednesday announced setting up of a global information technology center at Bengaluru to provide IT support to all its business verticals. “Shell plans to begin operations at the centre later this year,” the company said in a statement here. The centre will provide IT services to all of […]

Royal Dutch Shell Saves $2.5 billion In Transfer-Pricing Case

Bidness Etc discusses the ruling by an Indian court in a transfer-pricing case against Shell and its impact on future foreign investment in the country Published: November 19, 2014 at 12:26 pm EST By: Micheal Kaufman The Bombay High Court has ruled in favor of Royal Dutch Shell plc (NYSE:RDS.A) in a high-tax profile case, […]

Shell wins $3bn tax battle in Bombay High Court

The Financial Times is reporting: “Royal Dutch Shell has won a significant victory in its long-running $3bn battle with India’s revenue authorities, in a judgment with implications for dozens of tax disputes involving multinational companies in Asia’s third-largest economy.” The Narendra Modi government may appeal the decision to the supreme court of India. Also Reuters […]

Shell in talks to buy stake in southern India LNG project

Extract from a Reuters article published 26 May 2014 May 26 (Reuters) – Global energy major Royal Dutch Shell is in talks with the Andhra Pradesh state government for buying up to 24 percent stake in the planned Kakinada liquefied natural gas project on the east coast, GAIL chairman B.C Tripathi said on Monday. FULL […]

Seething review of Mark Moody-Stuart book: Responsible Leadership

Extracts from a review by Danny Chivers of the recently published book by retired Royal Dutch Shell Group Chairman Sir Mark Moody-Stuart: “RESPONSIBLE LEADERSHIP: Lessons from the Front Line of Sustainability and Ethics” Article originally published under the headline: “If this is responsible leadership, then I’m an Ogoni” Reading this book was a strange experience. […]

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

Extract from an article published 10 April 2014 by ZeeNews.India.com 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. =&0=& 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 […]

Shell India In Talks With Tax Men Over Alleged Tax Evasion

Published February 02, 2013 by Dow Jones Newswires The Indian unit of Royal Dutch Shell PLC (RDSA) Saturday said it is in talks with tax authorities in India over alleged tax evasion. Earlier in the day, Mint newspaper, citing a person familiar with the matter, said that the Indian income tax department charged Shell India […]

Shell accused of unethical conduct against Shell retailers in India

By John Donovan We have received a copy of an email from an irate Shell retailer in India, Sabir Mohammed, accusing Shell management in India of being cheats and liars. He also makes allegations about corruption. He claims many other Shell retailers in India share his concerns. He sent his email to Royal Dutch Shell […]

Essar Energy turns around Stanlow refinery

Essar Energy plc has turned around UK’s second largest refinery Stanlow within a year of taking it over from Royal Dutch Shell, posting a pre-tax profit of USD 197 million in six month to September 30. Essar Energy turns around Stanlow refinery Monday, November 26, 2012, 18:31 New Delhi: London-listed Essar Energy plc has turned […]

Shell’s massive investment in China

The country is sitting on huge untapped shale gas reserves, and Shell senses opportunity. By AlphaVN.com One of the world’s biggest energy companies, Royal Dutch Shell (RDS.A +0.12%) is planning to invest $1 billion per year in China’s massive shale gas reserves. This natural gas, which has long been considered uneconomical to produce, has in the […]

Oil and Gas in the Crosshairs

By Jeff Moore, Muir Analytics Energy companies are increasingly conducting up and downstream business in areas where they wouldn’t have gone 10 years ago – low intensity conflict zones (LICs), to be specific. The lure of profits is too great. But the physical, financial, and PR risks can be high. As Steve Coll’s recent book, […]

An oil giant’s road from Rajasthan to ruin

 FROM OUR AUGUST 2004 SHELL NEWS ARCHIVE… Michael Harrison’s Outlook: An oil giant’s road from Rajasthan to ruin “Shell, by contrast, has endured the most humiliating, torrid and damaging period in its 100-year history. It is hard to think of a more spectacular fall from grace or a more abject example of management failure.”: “The […]

Shell to shift IT jobs to India, Malaysia

From our Archives, June 2004… Business-Standard.com: Shell to shift IT jobs to India, Malaysia PTI / Houston June 08, 2004 In order to improve quality and save $850 million annually beginning in 2008, Shell Oil Co is cutting 600 to 800 information technology jobs in the USA and offshoring most of these jobs to India […]

India success makes Cairn a worthy hold

FROM OUR ARCHIVES… Combined with an oil price higher than ever, Cairn looks to be sitting very pretty. Much to the embarrassment of Shell, of course, which sold the Rajasthan field to Cairn two years ago for just £4m. 18 May 2004 The oilfields of India are proving to be more like gold to Cairn […]

ComputerWeekly.com: Shell IT staff will be well placed to find new jobs

ARTICLE FROM OUR ARCHIVES: The global IT workforce at Shell, which totals 9,300, will fall by between 20% and 30% by 2006, with several hundred UK IT jobs at risk. ComputerWeekly.com: Shell IT staff will be well placed to find new jobs By Daniel Thomas Tuesday 4 May 2004 Shell IT staff who leave as […]

Shell’s revised Cove bid wins board approval

April 24, 2012, 10:32 p.m. EDT By Alexis Flynn — Shell’s recommended cash offer values Cove at GBP1.12 billion — Cove is junior partner in a potentially huge natural gas field off Mozambique — Rival bidder, Thailand’s PTT E&P, says it is considering its options LONDON (MarketWatch) — Royal Dutch Shell PLC RDS.A +1.05% said […]

Royal Dutch Shell Remains Confident on Alaska Drilling

March 7, 2012 By Isabel Ordonez HOUSTON — Royal Dutch Shell remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska this summer, the company’s Executive Vice President for Exploration David Lawrence said Wednesday. “As long we continue to meet critical milestones we will drill […]

PTT Exploration Offers $1.7 Billion for Cove, Beating Shell

PTT Exploration offered 220 pence for each Cove share, 13 percent more than Shell’s proposal, according to a statement today. Cove surged 21 percent to 235 pence in London trading, indicating investors are betting on further bids.

Shell Bid Starts Race for African Gas Fields Bigger Than Norway’s: Energy

By Eduard Gismatullin and Fred Pals – Feb 23, 2012 9:45 AM GMT Royal Dutch Shell Plc (RDSA)’s $1.6 billion bid for Cove Energy Plc (COV) starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more than Norway’s entire reserves. Winning Cove would give Shell an 8.5 percent stake […]

Shell fears it could be driven out of the UK over North Sea taxes

Shell warned the government not to tax it out of the UK, as it sketched out ambitious growth plans alongside an underwhelming set of results. Chief executive Peter Voser said the Anglo-Dutch oil company was aiming to pump 4bn barrels of oil per day (bpd) by 2017, compared to 3.2bn today. Net spending will rise […]

Sir Bill’s treatment at Cairn will make every board quake

The giant oil field sold for a song by Shell… it sold its 50% share to Cairn for $7.5 million, now worth billions… James Ashton 24 Jan 2012 The momentum gained by the Government’s war on executive pay meant it was bound to claim some victims. The only surprise is that Sir Bill Gammell has […]

Shell must pay $1 bn for Niger Delta clean-up: rights groups

10 Nov, 2011, 02.35AM IST, AFP LONDON: Oil giant Shell should commit $1 billion (700,000 euros) as a first step to clean up the Niger Delta following two devastating oil spills in 2008, rights groups said Thursday. Shell has accepted responsibility for the spills in the southern Nigerian state of Ogoniland that affected the Bodo […]

Asia will drive growth for Shell, says CEO

Devjyot Ghoshal Energy-hungry Asia will remain the major growth driver for Shell, though the region’s appetite may diminish slightly next year owing to global uncertainties, the Dutch oil and gas major’s chief executive officer, Peter Voser, said on Monday. “I think Asia-Pacific for us is the key growth region. We see a lot of growth, […]

Shell touts gas benefits for Asia

Published: Sept. 23, 2011 at 8:22 AM BANDAR SERI BEGAWAN, Brunei, Sept. 23 (UPI) — Natural gas resources will help fuel economic growth in Asia, where advances are vastly outpacing the rest of the world, a Shell executive said. Malcolm Brinded, executive director for upstream developments at Shell, spoke to delegates at an energy conference […]

Can BP’s investors give oil giant the time to learn from Shell’s mistakes?

Results clouded by rivals and identity crisis! Titanic court battle looms for oil company! Executives may face charges! By Rowena Mason: 9:33PM BST 30 Jul 2011 If those headlines were meant for readers in 2011, the subject could be only one sorry corporate story: BP and its $40bn (£24bn) Gulf of Mexico oil disaster. However, […]