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Posts under ‘The Independent’

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 […]