Posts under ‘India’

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 [...]

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 [...]

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 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 [...]

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 [...]

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 [...]

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 [...]

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 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 [...]

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 [...]

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, [...]

 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 [...]

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 [...]

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 [...]

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 [...]