In an interview late Friday, Busta Rhymes -- a pseudonym for a Nigerian militant, not the American hip-hop artist -- said the oil companies "are not paying us for their security. We are not their slave."
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Exxon Shale-Gas Find Looks Big
Royal Dutch Shell PLC spent $6 billion to acquire Canadian Duvernay Oil Corp. and its acreage in a prospective unconventional-gas formation.
BP Taps Ericsson’s Svanberg as Chairman
THE WALL STREET JOURNAL
![[Carl-Henric Svanberg]](https://i0.wp.com/s.wsj.net/public/resources/images/OB-DY047_svanbe_D_20090625035810.jpg?resize=262%2C174)
AFP/Getty Images
JUNE 25, 2009, 4:03 A.M. ET
By GUY CHAZAN
BP PLC said Thursday that it appointed Carl-Henric Svanberg, chief executive of Swedish telecommunications-equipment maker Telefon AB L.M. Ericsson, as its chairman, finally bringing to an end the protracted search for a replacement for current Chairman Peter Sutherland.
AFP/Getty Images
Carl-Henric Svanberg
The move mirrors the appointment of Jorma Ollila, then CEO of Finnish mobile-handset maker Nokia, as chairman of Royal Dutch Shell PLC, BP’s rival, in August 2005.
Big Oil Ready for Big Gamble in Iraq
Some 120 companies expressed interest in bidding for the contracts at the June 29 and 30 auction, according to the oil ministry. Thirty-five companies qualified to bid, including Exxon Mobil Corp., Royal Dutch Shell PLC, Italy's Eni SpA, Russia's Lukoil and China Petroleum & Chemical Corp., or Sinopec. The six oil fields at stake are believed to hold reserves of more than 43 billion barrels. Foreigners won't get the most prized piece of the action -- ownership stakes in the reserves -- but will be paid fees for ramping up output.
Nigeria Moves Against Militants in Delta
What began as a mission by the government to rescue the missing servicemen and crew appears to have evolved into an effort to rid the entire Niger Delta of militant strongholds, though no one knows exactly how many there are or how many militants use them.
Nigeria Moves to Oust Militants
The military offensive, if successful, could free up hundreds of thousands of barrels of oil for global markets for Royal Dutch Shell PLC, Chevron, Eni SpA and other companies that drill here.
U.S. Cracks Down on Corporate Bribes
Among the companies currently under Justice Department review: Sun Microsystems Inc. and Royal Dutch Shell PLC...
Royal Dutch Shell Plc suffers a stunning rebuke at its AGM
THE WALL STREET JOURNAL
Shell Investors Revolt Over Executive Pay Plan
MAY 20, 2009
By GUY CHAZAN and JOANN S. LUBLIN
Royal Dutch Shell PLC, Europe’s largest oil company, suffered a stunning rebuke Tuesday when investors shot down its executive-compensation plan, in the latest display of shareholder anger over big paychecks and boardroom excesses amid the economic crisis.
![[Shell Annual Meeting]](https://i0.wp.com/s.wsj.net/public/resources/images/OB-DS031_0519sh_D_20090519141139.jpg?resize=262%2C174)
Getty Images
Royal Dutch Shell’s board is pictured during a shareholders meeting in The Hague, with (from left) Chief Financial Officer Peter Voser, Chief Executive Jeroen van der Veer and Chairman Jorma Ollilla.
Oil Jumps 4.8% to $59.03; OPEC Cuts Unlikely
The army confirmed a pipeline supplying state-owned Nigerian Gas Co. had been blown up but with no impact on supply. Chevron Corp. over the weekend said its operations continued as normal. Royal Dutch Shell PLC reiterated Monday that it is investigating a report that one of its facilities was attacked.
PetroChina Sees Opening for Acquisitions
PetroChina executives said they are in talks with international oil majors including Anglo-Dutch Royal Dutch Shell PLC, Britain's BP PLC and U.S. major Chevron Corp., along with state-owned oil giants in Qatar and Venezuela. Shell, BP and Chevron declined comment on specific deals.
PetroChina Sees Chance for Mergers, Acquisitions
BEIJING -- PetroChina Co., China's biggest oil company, expects China's slumping prices will help it rein in costs and sees the global economic downturn as an opportunity for overseas mergers and acquisitions. Company executives said they are in talks with international oil majors including Anglo-Dutch Royal Dutch Shell PLC, Britain's BP PLC and U.S. major Chevron Corp., along with state-owned oil giants in Qatar and Venezuela. Shell, BP and Chevron declined comment on specific deals.
Shell Drops Alaska Beaufort Plan
Royal Dutch Shell PLC dropped a three-year plan to explore for oil in Alaska's Beaufort Sea following challenges by environmental groups, highlighting the obstacles facing Western oil majors venturing into the frontier territories of the Arctic.
Shell Backs Off From Alaska Plan
Royal Dutch Shell PLC dropped a three-year plan to explore for oil in Alaska's Beaufort Sea following challenges by environmental groups, highlighting the obstacles facing Western oil majors venturing into the frontier territories of the Arctic.
Reliance Likely to Buy LNG from Shell
MUMBAI -- Reliance Industries Ltd., India's biggest private refiner by capacity, is likely to sign an agreement with a group company of Royal Dutch Shell PLC to buy up to 4 million standard cubic meters per day of liquefied natural gas for two months, three persons familiar with the matter said.
Exxon Mobil To Pump Up Cash Reserves As Profit Falls
Exxon Mobil Corp. is taking steps to preserve cash in the market downturn, positioning itself to take advantage of new investments and make acquisitions.
Exxon Mobil To Pump Up Cash Reserves As Profit Falls
Exxon Mobil Corp. is taking steps to preserve cash in the market downturn, positioning itself to take advantage of new investments and make acquisitions.
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