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Posts Tagged ‘New Zealand’

Oil giant’s fuel ads misleading says watchdog

Shell’s Fuel Economy Formula, a fuel additive it claims gives better economy than untreated fuel, went on sale in 2006. Its advertising campaign said it was “designed to take you further”. But after a 2 -year investigation, the commission has decided to charge Shell with breaches of the Fair Trading Act. It says the advertisements were misleading.

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Oil giants keep on raking in the profits

Rocketing profits reported this week by oil giants Royal Dutch Shell and BP have been met with anger and incredulity around the globe.

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Commission clears Shell NZ

The Commerce Commission has cleared Shell NZ to acquire 48 unattended aviation fuel stops at 34 local and regional airfields from Mobil Oil NZ.

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Shell wins lengthy insider trading case

Multinational Shell has emerged victorious from New Zealand’s longest-running insider trading case, but still faces legal bills in excess of $10 million and the prospect of appeal.

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New Zealand’s Oil Reserves Jump 53% on Tui, Pohokura (Update2)

New Zealand’s oil and condensate reserves jumped 53 percent last year, buoyed by the development of the nation’s offshore Tui oil field and completion of Royal Dutch Shell Plc’s Pohokura project.

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Shell insider trading case closes

Lawyers arguing claims brought by former Southern Petroleum investors against oil giant Shell in New Zealand’s longest-running insider trading case say it could be Christmas before a decision is reached.

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Long and costly battle for the shareholder

Thus the plaintiffs in the just-completed case were Rosemary Haylock, a Southern Petroleum shareholder, Stuart Cairns and Hugh Green and the defendants Jim Patek and Shell Exploration. Shell is responsible for all the plaintiffs’ and defendants’ costs.

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Shell flagship closes for remedial work

Shell Oil’s flagship $1.5 million Hawera fuel station is being ripped apart and rebuilt, less than five months after the official opening in January.

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Shell to produce more gas from three Pohokura wells

NEW PLYMOUTH, NEW ZEALAND: Shell expects to bring three more subsea wells on stream over the next few weeks at the Pohokura gas field off the Taranaki coast.

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Oil crisis triggers fevered scramble for the world’s seabed

A fevered scramble for control of the world’s seabed is going on - mostly in secret - at a little known office of the United Nations in New York.

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