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Posts under ‘India’

Essar bids for Shell’s Stanlow refinery -union rep

Tue Dec 21, 2010 1:17pm GMT * Essar makes bid, given deadline to make firm offer * Shell will withdraw plant from sale if no deal * Shell continues to withdraw from European refining By Tom Bergin LONDON, Dec 21 (Reuters) – Royal Dutch Shell Plc has told employees at its Stanlow refinery that India’s [...]

Essar Energy Still In Talks With Shell To Buy Europe Refineries

THE WALL STREET JOURNAL AUGUST 19, 2010 LONDON (Dow Jones)–India’s Essar Energy PLC (ESSR.LN) is still in talks with oil major Royal Dutch Shell PLC (RDSB.LN) to buy refineries in Europe, Essar’s vice chairman Prashant Ruia said Thursday. “Our discussions with Shell are still very much on,” Ruia told reporters on a conference call. Shell [...]

Cairn Energy’s $8.5 billion Mid-Life Crisis

Cairn bought the exploration licenses in Rajasthan from Royal Dutch Shell, who believed the properties contained no oil, in 1997 for just $7 million. THE WALL STREET JOURNAL By James Herron Instead of settling into the respectable middle tier of global oil producers as its major oil discoveries in Rajasthan, India, gradually come onstream, the [...]

The giant oil field in India sold for a song by Shell

“…sold for a song by accident-prone Royal Dutch Shell yielded Cairn one of the country’s largest-ever finds and catapulted it into the FTSE 100.” SUNDAY TELEGRAPH Cairn shareholders set for £1bn windfall when Indian oil fields are sold to Vedanta Shareholders in Cairn Energy are in line for a windfall of at least £1bn, with [...]

Anger grows across the world at the real price of ‘frontier oil’

Far from the Gulf of Mexico, campaigners are accusing energy companies of destroying land and livelihoods in the search for increasingly scarce resources A woman hurries away from the heat of a gas flare near a flow station belonging to Shell in Warri, Nigeria. Photograph: George Osodi/AP Richard Wachman and John Stibbs Sunday 20 June [...]

Shell, Total Chase ‘Impossible’ Sales in Race to Curb Refining

By Brian Swint and Brett Foley March 31 (Bloomberg) — Oil companies may struggle to unload their excess refining capacity in Europe this year as profits from turning crude into fuel stay depressed. Total SA, Royal Dutch Shell Plc and Chevron Corp. are seeking to sell refineries in Europe after the recession reduced demand. Eni [...]

Essar to Decide on Shell Assets by June

THE WALL STREET JOURNAL MARCH 30, 2010 By AMOL SHARMA MUMBAI—Indian conglomerate Essar Group will decide by June whether to move forward with the purchase of three European oil refineries from Royal Dutch Shell PLC as part of its global expansion plans, the company’s chief executive said. The companies extended their exclusive talks in November [...]

Shell to Seek 800 Million-Euro Offers for LPG Unit

By Anne-Sylvaine Chassany and Fred Pals Feb. 23 (Bloomberg) — Royal Dutch Shell Plc, which is seeking to focus on exploration and production, may sell its liquefied petroleum gas distribution unit, four people with knowledge of the plan said. Shell hired Credit Suisse Group AG to manage a sale of the division, which is valued [...]

Indian Energy Firms Pursue Assets Abroad

Following on its international acquisitions in steel and outsourcing in recent years, Essar is in talks with Shell to pay as much as $1 billion for three oil refineries in the U.K. and Germany, people close to the situation say. Last year, the company bought out the 50% stake that Shell, BP PLC and Chevron Corp. owned in a major refinery in Kenya.

Essar Oil hit by a steep fall in crude-oil prices

Essar, which plans to have a refining capacity of one million barrels a day, is in talks to buy three European refineries from Royal Dutch Shell PLC. In July, Essar acquired a 50% stake in 80,000-barrel-a-day Mombasa- based Kenya Petroleum Refineries Ltd. from Shell, Chevron Corp. and BP PLC.

Shell transferring thousands of jobs to India, Philippines

It’s unclear how many of Shell’s 13,000 employees in Houston will be affected by the migration plans. Partly, that’s because company officials are still deciding which jobs will stay or go abroad, and are rolling out the plans in phases that run into next year. But at least a few divisions in Houston are preparing to be downsized dramatically.

Shell slyly migrating American jobs to India and the Philippines

POSTING BY A SHELL INSIDER: “JO BLOW” The state of Accountability within Royal Swiss err.. I mean Dutch Shell After the recent announcements concerning moving more of the finance functions to shared service centers in India and Manilla I thought now would be a perfect time to make a few points that are obvious to [...]

Shell Plans to Grow Aggressively in India

NEW DELHI — Shell India Ltd. plans to expand “aggressively” as it keeps pace with accelerating fuel consumption in the world’s second-fastest-growing economy, Shell India Chairman Vikram Singh Mehta said Friday.

Former Shell EP boss Walter van de Vijver gets another job

Reliance names ex-Shell executive overseas head BLOOMBERG Thu, Dec 17 2009. New Delhi: Reliance Industries Ltd appointed Walter van de Vijver as chief executive officer of its overseas business. Van de Vijver replaces Atul Chandra as head of Reliance’s overseas business. He was the former exploration chief at Royal Dutch Shell Plc till 2004. SOURCE [...]

Leaked Shell internal documents reveal undisclosed transfer of jobs from U.S. and Canada to India

By BRETT CLANTON Copyright 2009 Houston Chronicle (NOW WITH AN ADDED COMMENT FROM “JO BLOW”) Dec. 15, 2009, 8:40PM Shell shipping Houston jobs overseas Royal Dutch Shell has publicly announced it will slash 5,000 jobs by year end—including “hundreds” in Houston—as part of a sweeping reorganization new CEO Peter Voser said is needed to make [...]