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Posts under ‘The Independent’

Shell to cut 10,000 jobs as profits plunge by 80 per cent

Tom Bawden Environment Editor: 5 FEB 2016 Shell yesterday confirmed plans to cut 10,000 jobs now that its takeover of rival BG Group is set to go through, and raised the prospect of further redundancies, as it reported an  80 per cent slump in profits to a 13-year low. Two days after BP announced its […]

Shell attacked for its part in ‘extraordinary’ £2.3bn Nigerian tax break

Mark Leftly: 20 JAN 2016 Royal Dutch Shell has come under fire for being part of a consortium that accepted an “extraordinary” $3.3bn (£2.3bn) tax break in Nigeria – twice the poverty-stricken country’s annual health budget.   In a new report ActionAid estimated the consortium, which also includes France’s Total and Italy’s Eni, received this benefit […]

Oil price falls below $28 a barrel, or less than the cost of an actual barrel

Hazel Sheffield: 18 JAN 2016 Not everyone agreed with the RAC when it said that petrol could become cheaper than bottled water. RAC wagered that if the price of oil slid below $20 barrel, it could push petrol prices to 90p a litre – while a fall to $10 a barrel or less could see petrol sold […]

Shell and VW top list of NGOs ‘most hated’ brands in the UK

Zlata Rodionova: 18 JAN 2016 Volkswagen has made a list of non-governmental organisations’ “most hated” brands in the UK for the first time, following a turbulent year for the company dealing with fallout from the emissions scandal. VW came in at fourth place in the survey that named Shell as the most hated brand. VW […]

Oil price surge makes Shell swoop for BG more palatable

Jamie Nimmo: 5 Jan 2016 The oil price surge made Shell’s swoop for smaller rival BG slightly more palatable for investors, despite concerns the deal could be called off. The regulatory hurdles have all been cleared, but shareholders must now give  their views on the cash and shares deal, currently worth £37bn – £10bn less […]

The many reasons why Shell’s deal with BG will happen in 2016

How idiotic would its board look if it ditched its current bride at the altar, only to see her hook up with a rival in a few months’ time? Jim Armitage: Wednesday 23 Dec 2015 It will be the first big test of 2016: will Shell press on with its takeover of BG when the […]

Shell promises more cuts to win investors over on BG deal

Michael Bow: 15 Dec 2015 Royal Dutch Shell moved to shore up support for its £35bn BG Group takeover yesterday, by promising to slash more jobs amid concerns shareholders could rebel against the deal.  The Anglo-Dutch oil giant will axe a further 2,800 jobs around the world on top of 7,500 roles it had previously […]

Shell’s £22,500 fine for North Sea oil spill slammed as ‘paltry’ by campaigners

The World Wildlife Fund warned the size of the fine would ‘do little to deter future poor behaviour’ Shell apologised for the lack of information and said it was not a deliberate attempt to cover up the spill.  Adam Barnett: 24 November 2015 A £22,500 fine imposed on the energy giant Shell as punishment for […]

Diezani Alison-Madueke: Behind the ‘reformer’ of the Nigerian oil industry’s arrest

Mrs Alison-Madueke, 54, part of a prominent Nigerian family and a former Shell executive, was appointed as Honourable Minister of Petroleum Resources in March 2010 by now former president Goodluck Jonathan Cahal Milmo§ @cahalmilmo Wednesday 7 October 2015 18:29 Until last Friday, Diezani Alison-Madueke’s position as one of the most prominent women on the global stage […]

Shell and The Science Museum’s toxic relationship has just been exposed

The true nature of big oil sponsorships was exposed last week, after it was discovered that Shell had sought to influence the content of the climate change exhibition “Atmosphere”, which it sponsors at the Science Museum. Emails obtained via Freedom of Information requests show how the company positioned its own staff as advisors: “Regarding the […]

Chiara D’Angelo interview: Arctic activist who spent 66 hours suspended from anchor said nature inspired her to continue protest

ANDREW BUNCOMBE: NEW YORK: Monday 25 May 2015 Chiara D’Angelo interview: Arctic activist who spent 66 hours suspended from anchor said nature inspired her to continue protest The activist who spent 66 hours suspended from the anchor of an oil exploration vessel has said she took strength during her protest from looking at the wildlife surrounding her. […]

Following the Shell-BG deal, could Exxon bid for BP?

Article by Jim Armitage published by The Independent on Friday 10 April 2015 Following the Shell-BG deal, could Exxon bid for BP? Another day, another tide of speculation sweeps through the City investment banks about oil industry takeovers following Shell’s £47 billion bid for BG, the UK’s third largest energy supplier. Even that old saw […]

BP to axe 1,000 jobs amid warning of oil price plunge to $40

Oil giant BP has said it will rack up costs of at least $1 billion (£637 million) over the next year as it embarks on a corporate shake-up which could cull more than 1,000 jobs. It comes as an Iranian official in the Opec oil cartel said crude prices could plunge as low as $40 a […]

UK News Reports Royal Dutch Shell Quarterly Result

DAILY EXPRESS: Oil giant Shell floats as prices sink Extracts ROYAL Dutch Shell unleashed an industry-beating rise in quarterly profit yesterday, despite falling oil prices, and vowed to keep slashing less-lucrative projects. Finance chief Simon Henry said: “It’s quite likely we’ll take a very close look at investment levels where we have flexibility if we […]

Royal Dutch Shell issues shock profit warning

Friday 17 January 2014 Shell dropped a bombshell on investors after warning that fourth quarter profit will be “significantly” lower than last year, blaming low production, high exploration costs and continuing problems with refining. “It’s not good. When you’re talking about higher costs and lower production volumes, it’s a lethal combination,” said Nick Xanders, who […]

Shell close to deal over ‘ruinous’ oil spill in Niger Delta

For five years a London law firm and Anglo-Dutch oil giant have argued over reparations for one of the world’s worst spills in Africa’s oil heartland. But now, as fishing villages on the banks of the Niger Delta continue to count the cost of the leaks, compensation claims are finally due to be settled. Royal […]

Gardai deny gas firm gave them alcohol worth €35k

Paul Melia – 12 August 2013 GARDAI have rejected claims that officers policing the Corrib Gas protests were given alcohol worth €35,000 by the company building the pipeline. An oil services company has claimed it delivered the alcohol in an unmarked van to Belmullet garda station in Mayo at Christmas 2007 following instructions by Shell […]

The height of madness? Or a lofty ambition as six women scale Shard to make a point?

Ambitious Greenpeace stunt drew neck-craning crowds and widespread media coverage for protest against Shell’s Arctic drilling Tom Bawden: ENVIRONMENT EDITOR: Thursday 11 July 2013 As Western Europe’s tallest building, the Shard skyscraper in London already gets its fair share of attention. But commuters travelling to work today glimpsed an even more amazing sight: six women […]

Shell ‘uses sabotage claims to avoid blame for Nigeria oil spills’

The National Contact Point (NCP) agency will today give Shell a rap on the knuckles for its reporting of its spills in the Niger Delta region, some of which have been highly damaging to the environment. NCP has reached this conclusion following an investigation into accusations by Amnesty International and Friends of the Earth International […]

BG Group CEO Chris Finlayson, past indiscretions at Shell

In summary, Finlayson (right) sees himself as a victim to the goings-on in 1999, just one of many victims in the then Shell Expro, described in our Audit notes as a hostile environment of extreme denial.  I can concur that Chris was a victim, when for example he made light of the Touch F-All scandal […]

US accuses Shell of ‘screwing up’

Mr Salazar said: “Shell screwed up in 2012 and we’re not going to let them screw up when they try to drill in the Arctic again.” The i: Friday 29 March 2013 Page 48 of Business Section By Tom Bawden Shell’s beleaguered campaign to produce oil in the Arctic has suffered a further setback yesterday  […]

Shell executive responsible for controversial Arctic campaign to step down

Campaigners hope move heralds end of programme Kevin Rawlinson  Alex Jackson  Friday 22 March 2013 Shell’s controversial plan to drill in the Arctic has been dealt a further blow after it confirmed today that the man running its exploration programme in North America is to leave the company. Campaigners said they hoped the move heralded […]

Shell feels chill of Arctic problems

…the City is concerned about Shell’s prospects in the Arctic after the company’s Kulluk drilling rig ran aground off the coast of Alaska on New Year’s Eve. The grounding was the latest in a series of mishaps in Shell’s quest to extract oil from the polar region, which has cost the company £3.2bn but has […]

Shell faces fresh scrutiny over Alaskan drilling

The pressure is mounting on Shell to abandon its quest for Arctic oil after the US government ordered two reviews into the company’s activities off the Alaskan coast… after a series of accidents in the area involving its ships, rigs and equipment that culminated in the grounding of the rig Kulluk… The US Coastguard…opened an […]

BG’s new boss ‘breached safety rules at Shell in the North Sea’


Selection of article links 2 November 2012

Selection of article links provided by a regular contributor John These articles may be of interest to your visitors: Sandy causes 300000 gallon oil spill on U.S. East Coast Motiva, a joint venture of Shell Oil and Saudi Refining, said the spill occurred earlier this week when Sandy damaged two diesel storage tanks … Shell’s […]

All the worst Shell traits – secrecy, haughtiness, inertia

 From our Shell News Archive Sunday 31 October, 2004 The fallout from the Shell reserves fraud continues… The Independent On Sunday (UK): Business View: Shell’s real location problem is finding more black stuff: “The misreporting of reserves scandal showed all the worst Shell traits – secrecy, haughtiness, inertia.”: “So what’s the hurry? Was it because […]


FROM OUR OCTOBER 2004 SHELL NEWS ARCHIVE Friday 29 October, 2004 – A DREADFUL DAY FOR SHAREHOLDERS IN SHELL TRANSPORT AND TRADING COMPANY PLC The Times (UK): The Hague for head office: “ALTHOUGH it maintains otherwise, Shell is effectively going Dutch…”: “From May, the big decisions will be taken by a new board in The […]

Shell supertanker steers into deeper waters

FROM OUR SHELL NEWS ARCHIVE SEPT 2004 The Independent: Michael Harrison’s Outlook: Shell supertanker steers into deeper waters “brotherly love has been notable for its complete absence inside the South Bank politburo, where the motto has been stab someone in the back before you are made to walk the plank yourself.”: Judging by the reaction […]

The Independent: Ballad of the Rossport five

FROM OUR SEPT 2005 SHELL NEWS ARCHIVE The Independent: Ballad of the Rossport five The men held in Ireland’s Cloverhill prison now have not only their own title – the Rossport Five – but their own ballad as well, which lauds their gallantry and decries the energy giant Shell as an “ignoble predator”. “The campaign […]

Money talks for Shell’s singing director

FROM OUR AUGUST 2004 SHELL NEWS ARCHIVE… The Independent: Michael Harrison’s Outlook: Money talks for Shell’s singing director “Shell is hardly a byword for good corporate governance, and yesterday it lived up to its reputation by producing another stonker…”: “As usual, Shell is unable to cast any light in the darkness as to why the […]

Shell fights on for Cove

Mark Leftly: Sunday 24 June 2012 Royal Dutch Shell is expected to turn up the heat in its battle for Cove Energy, the Mozambique-focused gas explorer that has generated huge interest among the supermajors. Cove shareholders have until Wednesday to accept Shell’s 220p-a-share bid, which was tabled in April but has since been trumped by […]

Market Report: $10bn if Shell cracks it with Arctic drilling

Toby Green Wednesday 20 June 2012 Environmentalists may want to look away now. Royal Dutch Shell’s search for oil in the Arctic has not been short of controversy, coming under attack from, among others, Xena: Warrior Princess actor Lucy Lawless, who earlier in the year boarded one of the energy giant’s ships in protest against […]

Shell opens talks about a return to Nigeria’s troubled Ogoni region

FROM OUR ARCHIVES… The Independent: Shell opens talks about a return to Nigeria’s troubled Ogoni region By Rachel Stevenson 01 June 2005 More than 12 years since it fled the Nigerian region of Ogoni in fear at the growing violence towards its operations from the local population, oil giant Shell has reopened talks with the […]

Shell seeks to draw a line after fourth cut in reserves

FROM OUR ARCHIVES… Shell seeks to draw a line after fourth cut in reserves By Michael Harrison, Business Editor 25 May 2004 Royal Dutch-Shell, the crisis-torn oil giant, yesterday cut its proven reserves for the fourth time this year but then sought to reassure the City that it had drawn a line at last under […]

Shareholders shake Shell with pay vote

23 May 2012 Shell became the latest company to receive a bloody nose yesterday, as more than a tenth of the oil giant’s investors failed to approve the pay awards of its top-level executives. Despite Shell reporting a 54 per cent jump in profits last year, just over 9 per cent of investors voted against […]

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 […]

BP and Shell fight over African oil find

Italian search for partner to drill massive field off Mozambique attracts biggest energy players Mark Leftly: SUNDAY 18 MARCH 2012 BP and Royal Dutch Shell are looking at a $4bn (£2.5bn) stake in a gas field in Mozambique, a sale that would confirm East Africa as the hottest growth area in world energy. Eni, the […]

Shell oil protesters climb National Gallery

Graphic from Greenpeace website Tuesday 21 February 2012 Environmental campaigners climbed to the roof of the National Gallery today to stage a protest against energy giant Shell. They scaled the gallery in London’s Trafalgar Square, where an evening reception is being held for Shell, saying they wanted to demonstrate against plans to drill for oil […]

Europe is too emotional about fracking, says Shell chief

Tom Bawden: Friday 03 February 2012 Shell’s chief executive, Peter Voser, called on Europe for a less “emotional” response to fracking, as he outlined plans to accelerate the oil giant’s use of the controversial technology used to release hydrocarbons from rocks. Mr Voser said Shell would invest $6bn (£3.8bn) to appraise, explore and develop gas […]

Bloody nose for OFT in row over tobacco price-fixing

Tom Bawden Tuesday 13 December 2011 The Office of Fair Trading suffered a setback yesterday after a consortium of leading tobacco and retail groups overturned a previous ruling of unlawful pricing. Imperial Tobacco, the maker of Golden Virginia rolling tobacco and Superkings, saw its £112.3m penalty reversed, and Co-op, Morrisons, Asda and Royal Dutch Shell […]

Oil exploration under Arctic ice could cause ‘uncontrollable’ natural disaster

Any serious oil spill in the ice of the Arctic, the “new frontier” for oil exploration, is likely to be an uncontrollable environmental disaster despoiling vast areas of the world’s most untouched ecosystem, one of the world’s leading polar scientists has told The Independent. By Michael McCarthy, Environment Editor: Tuesday, 6 September 2011 Any serious […]

Shell admits liability for huge oil spills in Niger delta

…amount leaked into the local environment could be as much as 10 million gallons. …”one of the most devastating oil spills the world has ever seen…” By Richard Hall: Thursday, 4 August 2011 Oil company Shell could be forced to pay hundreds of millions of dollars after accepting responsibility for two devastating oil spills in […]

Secret memos expose link between oil firms and invasion of Iraq

By Paul Bignall Tuesday, 19 April 2011 Plans to exploit Iraq’s oil reserves were discussed by government ministers and the world’s largest oil companies the year before Britain took a leading role in invading Iraq, government documents show. Iraq’s burgeoning oil industry: Click HERE to upload graphic (160k) The papers, revealed here for the first […]

UK held talks with oil firms before Iraq invasion -paper

LONDON, April 19 | Mon Apr 18, 2011 10:29pm EDT (Reuters) – Britain discussed plans to exploit Iraq’s oil reserves with some of the world’s biggest oil companies five months before it joined the United States in invading the country, the Independent newspaper said on Tuesday. Citing documents it said were obtained under a Freedom […]

BP executives may face jail for manslaughter over Gulf disaster

Tony Hayward faced a barrage of criticism when US politicians claimed that he stonewalled their questions last year By David Usborne in New York Wednesday, 30 March 2011 Managers of BP could face manslaughter charges when prosecutors in the United States finally conclude their criminal investigation into the Deepwater Horizon explosion in the Gulf of […]

Shell’s Voser given pay rise of 62 per cent

??By Sarah Arnott Wednesday, 16 March 2011 Peter Voser, the chief executive of Shell, saw his earnings rocket by 62 per cent to $7.3m (£4.5m) last year. The increase reflected his first full year in the top job, but the majority of it came from bonus payments after the oil giant beat its targets for […]

City awaits Royal Dutch Shell’s strategic review

Sunday, 13 March 2011 Oil giant Royal Dutch Shell will announce a strategic review on Tuesday. The market will be looking for news on upcoming projects, cash flow targets and potential disposals. Analysts at Credit Suisse said that 2011 is a “transition year”, with a slew of mega-projects due to start in 2012. The City […]

Shell oil exploration threatens one of the world’s great wonders

Anglo-Dutch conglomerate applies for permit to drill just 30 miles off World Heritage-listed coral reef in Western Australia PHOTO ALAMY: The Ningaloo Reef, under threat from Shell’s plans to drill for oil nearby By Kathy Marks Wednesday, 9 March 2011 Shell Oil has come under heavy criticism for planning an oil and gas drilling site […]

Payback time for corporate villains?

(Graphics from the Guardian article: Unloveable Shell, the Goddess of Oil) “Although Shell has extracted more than £30bn from the area, the people who live on the land survive on less than 60 pence a day, with barely any roads, schools or hospitals. Many of the Ogoni people who have spoken out against this scandal […]

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