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Posts under ‘The Observer’

The real power in Nigeria

Your letters Sunday 12 April 2009 Can you please try to take a neutral stance on the case of Shell and Ken Saro-Wiwa in Nigeria (“Shell in court over alleged role in Nigeria executions”, News, last week)? Shell does not have a majority stake in its Nigerian ventures; rather, the Nigerian government owns a 65% [...]

Shell in court over alleged role in Nigeria executions

Family of environmental activist Ken Saro-Wiwa, hanged by his country’s rulers in 1995, take oil giant to court in New York Nick Mathiason The Observer, Sunday 5 April 2009 A Shell petrol station. Photograph: Graham Turner Ken Saro-Wiwa swore that one day Shell, the oil giant, would answer for his death in a court of [...]

Green gauge

Power failure: Despite a series of adverts proclaiming an interest in clean power, Shell has announced it doesn’t plan to make any further investments in wind or solar energy

Shell in worst profit slump for 10 years: profits have collapsed by 62% in the fourth quarter

Shell is still bruised by its experience in the late 1990s when the price of oil fell to a 25-year low. The company responded in 1999 by slicing $6.2bn off its $15.7bn capital expenditure programme, which included a $3bn reduction in its budget to explore for new sources of oil. This contributed to the reserves scandal of 2004, when the company had to downgrade a fifth of its reserves, resulting in the departure of chief executive Philip Watts.

Shell scores low in “The Good Companies Guide”

Of the 350 companies in the FTSE350 index I suspect that Royal Dutch Shell probably spends more on corporate advertising than most. Over the past few years there was been a steady stream of advertising messages which seek to persuade, in particular, that Shell is driven to a large extent by its commitment to Corporate [...]

UK wind farm plans on brink of failure

Signals that UK offshore farms may not be profitable came in June when Shell pulled out of the consortium planning to build Britain’s biggest offshore farm, the London Array in the Thames Estuary, in favour of developing more profitable wind projects elsewhere. Then last week the government of Abu Dhabi stepped in to help the project after Royal Dutch Shell withdrew.

Oil on troubled waters

Tim Webb The Observer,  Sunday October 12 2008 Oil prices fell on Friday to below $80 per barrel, a one-year low. But analysts expect Opec to cut production at its next meeting in December, if not before. Oil majors like Shell have also sunk billions of dollars into expensive projects like oil sands and giant [...]

Navy to tackle Gulf pirates

The increasingly treacherous waters off the Horn of Africa are regularly used by Shell Oil, as well as by aid agencies shipping food.

Hunger strike hero celebrates victory over Shell pipeline

During protests last weekend in solidarity with Harrington’s fast, the Irish government deployed the navy to the area to protect the Solitaire.

Mining and oil face world tax exposure

Giant oil and mining firms could be forced to reveal the precise amounts of tax they pay in each country in which they operate. The move has been heralded as a major breakthrough that could end a widespread culture of corporate secrecy and alleged corruption.

Abandon oil sands, urges big investor

One of Britain’s biggest investors will launch a campaign this week to persuade Shell and BP to drop their plans for heavy investment in oil sands and shale projects in North America.

Shell comes under fire for role in Sakhalin audit

Email exchanges spanning three months and 40 pages show how officials at Shell sought to downplay the significance of a critical Russian environmental audit by persuading AEA to disperse its findings through the report, rather than leaving them in one potentially damning appendix

Europe’s energy source lies in the shadow of Russia’s anger

Behind the tanks in Ossetia are key oil and gas pipelines…

Hillbillies making millions out of American gas rush

The world’s biggest natural gas exploration companies, including Shell, Conoco, Chesapeake, Petrohawk and EnCana, have descended on the vast area between the Arkansas border and Shreveport, Louisiana, to tap what most experts agree is a reservoir of about 240 trillion cubic feet of gas.

Battle for TNK-BP turns into all-out war

Fast forward almost five years, and the two sides are at war, one which is both highly public and personal.