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Posts under ‘Simon Henry’

Big Oil Heads Back Home

Energy companies are shifting their focus away from the Middle East and toward the West—with profound implications for the companies, global politics and consumers DECEMBER 5, 2011 By GUY CHAZAN Big Oil is redrawing the energy map. For decades, its main stomping grounds were in the developing world—exotic locales like the Persian Gulf and the [...]

Shell’s China Moves: Can Shell keep riding this tiger?

The Anglo-Dutch energy giant and state-owned PetroChina have teamed up to get gas out of the ground in China—and to tap new sources of energy worldwide November 16, 2011, 11:10 PM EST By Stanley Reed and Dexter Roberts The hilltop city of Yulin, about 500 miles southwest of Beijing, was once a strong point in [...]

Shell voices long-term concerns over Europe as profits double

By Emma Rowley EUROPE’S failure to cultivate growth is a bigger worry for oil and gas major Royal Dutch Shell than the region’s current sovereign debt crisis. The Anglo-Dutch company has cut its support of European projects to just 15pc of its total investment spend, which it puts at $100bn (£62bn) over four years. Shell [...]

Shell looks to North Sea as European investment cut

MARK WILLIAMSON 28 Oct 2011 ROYAL Dutch Shell said it would curb investment in Europe where it expects the economy to stagnate, but made clear it would still spend in the North Sea. Announcing bumper profits driven by high oil prices, the oil and gas giant said it will shift a growing share of its [...]

OIL GIANT ROYAL DUTCH SHELL PROFITS BONANZA

By David Cralk: Friday October 28,2011 OIL giant Royal Dutch Shell unveiled a doubling in profits ­yesterday thanks to higher prices as it vowed to slash European investment because of economic fears. Chief executive Peter Voser said the group was making good progress as it reported third-quarter profits of $7.2billion (£4.5billion) for the period to [...]

Shell considers joining legal fight over Gulf drill ban

By Eduard Gismatullin Bloomberg News May 24, 2011 Royal Dutch Shell Plc, Europe’s largest oil company, is examining plans to bring legal challenges over possible losses after last year’s Macondo oil spill, the worst in U.S. history. “I am considering, but only considering,” Peter Rees, a legal director at Shell, said today at an International [...]

Shell Nigeria divestment plan hit by scandal

Friday, 20 May 2011 00:00 Olusola Belo Shell’s plan to divest from its OML 40 has been engulfed in a scandal after it emerged that one of the prospective buyers of the oil lease, Vertex has petitioned the Petroleum minister, alleging irregularities in the sale process. The company is alleging a complete lack of transparency [...]

Shell make £4.1bn…and axe North Sea fields

SHELL is slashing investment in the North Sea over a Budget Day tax hike – despite making £1.9million an hour. The giant yesterday revealed the rise meant it was now “uneconomic” to develop smaller UK oil and gas fields. Shell’s quarterly profits were up forty per cent and totalled £4.1billion. Chief finance officer Simon Henry [...]

Shell may have to sell North Sea assets after tax raid

Published Date: 29 April 2011 By Martin Flanagan City editor ROYAL Dutch Shell warned yesterday that it may have to sell some assets in the North Sea and reduce investment in the region because of the Chancellor’s tax raid and higher industry decommissioning costs in the Budget. Simon Henry, chief financial officer, revealed that the [...]

Shell chief condemns tax hike as profits surge 30%

mark williamson 29 Apr 2011 THE chief financial officer of Royal Dutch Shell has warned , the surprise hike in tax on North Sea profits will hit investment in the area, after the company unveiled a 30% leap in profits on the back of surging oil prices. Simon Henry said the hike, announced by George [...]

Royal Dutch Shell plc — 2010 Annual Publications — Simon Henry, Chief Financial Officer

httpv://www.youtube.com/watch?v=jNbEQnV8_3Y&feature=youtube_gdata_player

Shell Executives Convert Maximum Allowance of Bonus Into Shares

By Eduard Gismatullin – Feb 7, 2011 6:35 PM GMT+0000 Royal Dutch Shell Plc’s Chief Executive Officer Peter Voser and five other executives agreed to convert the maximum proportion of their bonus into stock. Voser got 50 percent of his 2010 bonus, or the equivalent of 1.875 million euros ($2.55 million), converted into 73,457 class-A [...]

Royal Dutch Shell the world’s largest “speculator”

Shell’s search for profits widens even as the oil price climbs • Shell now ‘world’s largest trader’ as well as oil major • Plans to explore in Arctic, Iraq, Russia and deep sea Terry Macalister: Thursday 3 February 2011 20.07 GMT Shell earned the majority of its profits in 2010 not from pump sales, but [...]

Global Oil Companies Discover Cash in Their Trash

Companies like BP and Shell fetch top prices for assets many thought they’d struggle to discard By Stanley Reed, Brian Swint and Edward Klump January 13, 2011 To pay tens of billions of dollars in costs from the Deepwater Horizon disaster and spill, BP (BP) has been forced to ditch oil fields and other energy [...]

Shell Readies 3 Applications for Gulf of Mexico Wells

By Katarzyna Klimasinska – Dec 17, 2010 11:12 PM GMT+0000 Royal Dutch Shell Plc, Europe’s biggest oil company, is preparing three exploration plans to meet new requirements for deep-water wells in the Gulf of Mexico after the U.S. lifted a drilling ban, a spokeswoman said today. Statoil ASA, the Nordic region’s biggest energy producer, has [...]