Lukoil’s Spanish ambitions probably derive in part from the same calculation that has underlain many companies’ foreign expansion since the Yukos affair: that owning high-profile assets internationally is insurance against Kremlin assault.
Posts Tagged ‘Repsol’
Shell escapes 96 million euros fine after grassing on other members of “paraffin mafia”
Anglo-Dutch oil major Shell escaped a potential fine of 96 million euros because it blew the whistle first to the EU competition authorities.
Shell evades potential €96m fine by informing on other cartel members, including ExxonMobil
A fine of more than £500m has been slapped on a group of leading energy companies including ExxonMobil and npower’s parent, RWE, after the whistle was blown on a price-fixing cartel by Shell.
THE WALL STREET JOURNAL
Royal Dutch Shell PLC blew the whistle and thus managed to avoid fines.
Brussels fines paraffin wax cartel
The aggregate €676m penalty would have been even higher but for the fact that Shell eventually blew the whistle on the price-fixing deal. This earned it full immunity from any fine, which would otherwise have cost it close to €100m.
Click to continue reading “Brussels fines paraffin wax cartel”
‘Paraffin mafia’ comes unstuck after €676m fines
The Commission made dawn raids on the companies three years ago after Shell, one of its members, blew the whistle on the illegal activities. Shell escaped a possible fine because it provided the Commission investigators with the initial vital information.
Click to continue reading “‘Paraffin mafia’ comes unstuck after €676m fines”
Russia, China and India consider stake in Spanish oil
The national oil companies of Russia, China and India are all running the slide rule over a 5 billion euro stake that has been put up for auction in Repsol, the Spanish oil giant. European majors also known to be taking a look include Royal Dutch Shell, Total of France and Italy’s Eni.
Click to continue reading “Russia, China and India consider stake in Spanish oil”
Total and Shell study buying Repsol stakes-paper
The Spanish government has indicated it would look favourably on Total taking over Repsol, Expansion cited sources close to discussions on the issue as saying.
Click to continue reading “Total and Shell study buying Repsol stakes-paper”
U.S.-Iran Thaw Hinges on Nuclear Discussions
France’s Total SA pulled out of a $10 billion natural gas project last month to develop Iran’s South Pars field, citing political risk. Royal Dutch Shell PLC and Spain’s Repsol YPF have also pulled back from gas projects due to political pressure.
Click to continue reading “U.S.-Iran Thaw Hinges on Nuclear Discussions”
Repsol stirs Spanish passions for new energy game
Like Shell, Repsol was forced a couple of years ago to restate and write down its oil reserves by as much as a quarter.
Click to continue reading “Repsol stirs Spanish passions for new energy game”
Shell Live Chat RSS Feed