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Posts Tagged ‘Marvin Odum’

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 [...]

Shell: We’ll produce more gas than oil by 2012

Interview by Shelley DuBois December 15, 2010: 3:25 PM ET FORTUNE — Slowly but surely, the energy landscape in America and around the globe is changing. Crude is still king, but oil and gas companies are increasingly folding in more and different assets. Shell (RDSA), for example, has purchased and developed tons of natural gas [...]

Shell chief sees some attractive BP assets – CNBC

Thu Jul 8, 2010 8:08pm GMT NEW YORK July 8 (Reuters) – The head of Royal Dutch Shell’s (RDSa.L: Quote) U.S. arm told CNBC that the company could be interested in some BP Plc (BP.L: Quote)(BP.N: Quote) assets if its peer tried to sell off properties. “If BP decided to sell assets clearly there are [...]

Shell not planning oil sands expansion – paper

REUTERS * Shell plans no expansions in oil sands * Expects to boost output from existing ops (In U.S. dollars unless noted) CALGARY, Alberta, April 29 (Reuters) – Royal Dutch Shell Plc (RDSa.L) has no plans to quickly expand its oil sands operations, focusing instead on tweaking output from its existing investments, the head of [...]

Shell Conchas Project Is ‘Above Expectations,’ Odum Tells Valor

Bloomberg.com By Laura Price April 20 (Bloomberg) — Royal Dutch Shell Plc’s Parque das Conchas oil project in Brazil is performing “above expectations,” Valor Economico said, citing Marvin Odum, the company’s upstream director for the Americas. Shell has been drilling at Parque das Conchas in the Campos Basin for six months, the Sao Paulo-based newspaper [...]

Shell’s Odum Says Brazil Oil Rules to Lure Spending

The Hague-based Shell, which has invested $2.8 billion in crude exploration and production in Brazil since 1998, will hold off on spending plans for the pre-salt area until rules are clear, said Marvin Odum, head of the company’s oil and exploration for the Americas.

Royal Dutch Shell restructuring to affect 24,000 jobs

Royal Dutch Shell has unveiled the most the radical restructuring of its operations for decades in a move that will impact over 24,000 jobs.

Massive shake-up at Shell puts 24,000 jobs at risk

Up to a third of senior management under threat By Sarah Arnott Thursday, 28 May 2009 Hot on the heels of the surprise resignation of top executive Linda Cook, Shell’s in-coming chief executive Peter Voser announced major restructuring plans yesterday that could cut thousands of rank-and-file jobs. Some 24,000 staff at the Anglo-Dutch oil giant [...]

Shell Sees Recession Improving Acquisition Prospects

“As other companies potentially — either already have or potentially — go into distress and have an inability to perform on what they have, that likely creates an opportunity,” Marvin Odum, president of The Hague-based Shell’s U.S. operations, said today in an interview in New York.

Shell Sees Global Oil Demand Doubling By 2050

Morning Edition, February 27, 2009 · As oil companies plan for the future, they are expecting prices and demand to be higher. Oil company executives were on Capitol Hill this week to discuss offshore drilling, which they say needs to be part of America’s long-term energy policy. Shell Oil Company President Marvin Odum tells Steve Inskeep that [...]

Shell Oil chief complains of ‘clumsy’ government

WASHINGTON – Shell Oil Co.’s chief executive for North America, Marvin Odum, complained Wednesday that regulatory red tape has slowed the company’s $2 billion investment in offshore leases in Alaska.

Shell executive says low prices may hurt energy policy

WASHINGTON (Reuters) – Shell Oil Co President Marvin Odum said Monday he is concerned that falling oil prices are hurting investment in the sector and may push energy down as a priority for lawmakers.

Shell’s new president planning for future

Odum, 49, succeeded the retiring John Hofmeister as president of Shell Oil, the U.S. holding company for Royal Dutch Shell, in June.

Royal Dutch Shell has a new face in the driver’s seat for its U.S. operations: Marvin Odum

Shell experienced a host country taking control of an operation when Russia’s Gazprom took over the majority of Shell’s natural gas operation on Sakhalin Island in 2006. Other companies have had similar experiences in host countries.