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 [...]
Posts Tagged ‘BP’
Greenpeace activists board Shell-contracted icebreakers in Helsinki
Friday, 16 March, 2012 – 21:23 Greenpeace Nordic activists have today scaled and boarded two Shell-contracted icebreakers in Helsinki, occupying the vessels as they prepared to sail for the Alaskan Arctic to support Shell’s Arctic oil drilling there. Once onboard the Fennica and Nordica, about 20 activists deployed huge banners on the crane on the [...]
Dogs take lead in sniffing out Arctic oil
As the study itself notes: Today, no proven operational system exists for detecting oil spill covered by snow and/or ice … “The idea that small dogs can track leaking oil deep under the Arctic pack ice in the middle of winter is absurd,”… Shell has been training a dachshund and two border collies to detect [...]
Corporate governance: boardrooms fret over corporate espionage
In a known example where spying was authorized by companies, Hakluyt conducted intelligence gathering work on behalf of Shell and BP on Greenpeace and other environmental groups. By Guest Contributor: March 12, 2012 By Alex Lee(Business Law Currents) Dodd-Frank related governance issues such as say-on-pay and proxy access have been well known focal points [...]
Shell oil rig set for landmark Alaska journey
Shell oil rig set for landmark Alaska journey After one of the biggest environmental fights in decades, exploratory drilling is expected to begin in July off the state’s north coast. The company has plans in case of a spill; opponents say normal operations will still release damaging chemicals. By Kim Murphy, Los Angeles Times March [...]
Sir John Rose joins intelligence specialist Hakluyt
n 2001, it faced controversy when it was alleged to have employed an operative to infiltrate environmental groups on behalf of BP and Shell.
Shell Bid Starts Race for African Gas Fields Bigger Than Norways: Energy
By Eduard Gismatullin and Fred Pals – Feb 23, 2012 9:45 AM GMT Royal Dutch Shell Plc (RDSA)s $1.6 billion bid for Cove Energy Plc (COV) starts a race to develop natural-gas fields off Mozambiques Indian Ocean coast that may hold more than Norways entire reserves. Winning Cove would give Shell an 8.5 percent stake [...]
Shell settles South Africa cartel case
The Competition Commission of South Africa announced on Tuesday that it has reached settlement agreements with two major oil companies, namely Engen Petroleum Limited (Engen) and Shell South Africa Marketing (Pty) Limited (Shell) in which they admit to having fixed the price of bitumen with other oil companies. The commission said the two companies did [...]
Shell Wins Approval for Oil-Spill Response Plan in Arctic
By Katarzyna Klimasinska – Feb 17, 2012 5:29 PM GMT Royal Dutch Shell Plc (RDSA) won U.S. approval for its oil-spill response plan in the Chukchi Sea, bringing the company closer to winding up a five-year quest to drill off the north coast of Alaska. Shell must obtain drilling permits from the Interior Departments Bureau [...]
Debate continues on Big Oil’s big profits
February 7, 2012, 2:23 p.m The five so-called “super major” oil companies — Exxon Mobil, Royal Dutch Shell, ConocoPhillips, Chevron and BP– have just wrapped up their fourth quarter earnings reports, but not without inspiring disdain over how they made those billions in profits and over what they were doing with them. Under the title [...]
BP should take a close look at Shell
There are two main differences between Royal Dutch Shell and BP. By Damian Reece, Head of Business 11:17PM GMT 02 Feb 2012 Shell’s results on Thursday showed it was capable of mistakes, like any company. Hiccups in its production business and continued over capacity in refining meant it undershot market expectations and the share price [...]
Shell Losing $1 Billion a Year on U.S. Gulf Drilling Delays
February 02, 2012, 1:20 PM EST By Eduard Gismatullin Feb. 2 (Bloomberg) — Royal Dutch Shell Plc, Europes largest oil company, is losing about $1 billion a year from drilling delays in the Gulf of Mexico since the 2010 Macondo disaster. Shells production in the region will be curbed by about 50,000 barrels of oil [...]
Shell accused of ‘moral bankruptcy’
Terry Macalister guardian.co.uk, Thursday 2 February 2012 17.44 GMT Shell has been accused of “moral bankruptcy” by unions after unveiling a 54% rise in full-year profits less than a month after shutting its final salary pension scheme to new employees in Britain. The oil company reported global annual earnings of $28.6bn (£18bn) more than [...]
Shell Earnings Decline on Lower Gas Prices
By Eduard Gismatullin – Feb 2, 2012 8:02 AM GMT Royal Dutch Shell Plc (RDSA), Europes biggest oil company, expects to raise its dividend this year for the first time since 2009 as new projects generate more cash. Shell plans net capital investment of $30 billion, with cashflow from operations in 2012-2015 expected to be [...]
Shell Seen Raising Dividend for First Time Since 2009: Energy
Shell may even go as far as paying a special dividend or buying back shares to maximize shareholder value, according to analysts at Citigroup Inc.


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