Senior executives at energy companies have the upper hand over their employers. Just how much the power balance has shifted in their favour became clear earlier this month when BP and Royal Dutch Shell both announced big retention packages.
FT REPORT – WORKING IN THE OIL & GAS INDUSTRY 2008: A shift in the balance of power
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
Oil hits $120 record over supply disruption and US economy hopes
Demand from China ahead of the Olympics has helped to drive oil prices up by 25 per cent this year, although demand growth in the US has been sluggish because of the downturn in the economy. Traders are unsure what level oil prices could reach once US demand starts to recover
Nigeria attacks help push oil to $120 a barrel
Oil hit record levels above $120 a barrel yesterday amid growing hopes the US economy might avoid recession and on further supply disruptions in Nigeria.
Brown warned about corporate exodus to lower tax regimes
Other companies switching jurisdictions include Experian, Hiscox, Invesco, Omega and Royal Dutch Shell.
Oil price jumps to record over $120 a barrel
A weekend attack by militants on a Royal Dutch Shell plant in the Niger Delta and fighting in northern Iraq combined to intensify supply worries in oil markets.
OPEC ‘can no longer be a cartel’
Clinton's attacks on oil prices as artificially inflated, Enron-style, keep escalating, and today she appeared to threaten to break up the Organization of Petroleum Exporting Countries.
Supply Worries, Sinking Dollar Pushes Crude to a New Record
NEW YORK -- Crude-oil futures prices surged to a record high above $120 a barrel Monday, but settled just below that mark, spurred by renewed concerns over tightening supplies ahead of the peak demand summer driving season.
Iran Unaware of Shell, Repsol Plan to Quit
TEHRAN (FNA)- Iran said on Sunday that it has not been informed of any plan by Royal Dutch Shell Plc and Spain's Repsol to withdraw from a $10 billion natural gas project in the Middle East country.
London Array: Shell Lets Her Majesty Down
The UK was set to be the world leader in building offshore wind farms, but Shell said it was selling its stake in what would be the worlds biggest, with a 1,000 megawatt capacity.
Running out of Oil: Shell Execs Briefed on Peak Oil in 1956
When did Shell executives first learn that the world would one day face the moment of peak oil, known to many as Hubberts Peak? Answer: as far back as 1956 when M. King Hubbert delivered his seminal speech to Shell employees predicting the day when oil reserves would begin to decline. For more than a half century, Shell has known that the world of the 21st Century would begin running out of oil with disastrous ramifications. Yet little was done to prepare society.
Oil Rises Above $120 to Record on Concern Over Nigeria Attacks
May 5 (Bloomberg) -- Crude oil rose above $120 a barrel to a record in New York on concern that production disruptions in Nigeria, Africa's biggest producer, will limit supplies.
Big Oils Friends in the Senate
NEW YORK TIMES EDITORIAL: Big Oils Friends in the Senate
Published: May 5, 2008
Listen to almost any politician, President Bush included, and youll hear that the fight against global warming cannot be won without cleaner technologies that will ease dependence on fossil fuels. Yet these same politicians are on the verge of allowing modest but vital tax credits to expire that are crucial to the future of renewable energy sources like wind and solar power.
These credits are necessary to attract new investment in renewable sources until they become competitive with cheaper, dirtier fuels like coal. When the credits disappear, investments shrivel. The production tax credit for wind energy has been allowed to expire three times. In each case, new investment dropped by more than 70 percent. The credits for wind and solar expire at the end of this year, so action now is important.
Oil rises more than $1 on Nigeria, Iran supply concerns
PERTH, May 5 (Reuters) - Oil rose more than $1 to above $117 a barrel on Monday, extending the previous session's 3 percent gain, supported by further supply disruptions in Nigeria and tensions between Iran and the West.
We’re Nearing Crunch Time for Oil
After what I suspect will be a successful near term test of the $100 support level, the oil price should continue edging up, perhaps exceeding $200 by the end of 2009. But just as $100 oil is now starting to look like a bargain after weve seen oil pushing $120, so will $175 oil seem like a bargain when oil is trading at $200, etc.
Oil Trades Above $116 on Nigerian Supply Concern, U.S. Demand
Rebel attacks on an oil-transfer facility in Africa's biggest producer have forced Royal Dutch Shell Plc to reduce output, the Associated Press reported May 3, citing the company.
Shell Shuts Down Production After Militants Attack
Royal Dutch Shell over the weekend shut down more of its production following fresh attacks on its facilities by militants in the Niger Delta.
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