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Shell Is First Major To Exit Oil Blocks In Post-War Libya

Published May 28, 2012 Dow Jones Newswires

LONDON –  Royal Dutch Shell PLC (RDSA) Monday became the first major to exit oil and gas exploration blocks in post-war Libya, amid concerns over insecurity and contracts.

The Anglo-Dutch giant insisted it was still interested in the country, which holds Africa’s largest oil reserves.

But the move casts a cloud on Libya’s oil recovery as Shell had originally planned sizable investments in the blocks.

Shell “intends to suspend and abandon drilled wells and stop exploration in [its] Libyan licenses,” a company spokesman said, confirming an internal e-mail seen by Dow Jones Newswires. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Executive Pay Rejected By Nearly 10% Of Investors

Published May 22, 2012 Dow Jones Newswires

LONDON –  Royal Dutch Shell PLC (RDSB.LN) shareholders showed their ire over high executive pay with nearly 10% of investors rejecting the company’s remuneration report at Shell’s annual general meeting Tuesday.

Just over 90% of Shell shareholders approved the company’s pay package following an assembly in which several investors gave a withering assessment of current rates of executive remuneration.

Martin Simons, who said he has been a Shell shareholder for 50 years, bemoaned the Anglo-Dutch firm’s top managers getting a 59% pay rise at a time when dividends have remained static. Chief Executive Peter Voser’s pay package more than doubled last year, taking into account bonuses and share incentives. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell’s Labor Costs Rose In 2011 Despite Fewer Workers

Published March 15, 2012: Dow Jones Newswires

LONDON –  The cost of Royal Dutch Shell PLC’s global work force rose 2.8% last year, even though the Anglo-Dutch company reduced its overall number of employees by some 7.2% as the company continues to roll out a long-term plan to shrink headcount.

In recent years, Shell has sought to reshape its portfolio, selling off assets in less-profitable areas like refining and marketing. Chief Executive Peter Voser had made reducing the firm’s overall cost base, including labor, part of his strategic mandate when he assumed his position in 2009. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Rise In Oil Thefts Threatens Nigerian Output

Published February 07, 2012 Dow Jones Newswires

IBADAN, Nigeria — Royal Dutch Shell PLC’s (RDSA) unit in Nigeria has said a rise in thefts of crude from its new Nembe Creek pipeline is jeopardizing the production and export of oil in Nigeria’s Niger Delta.

Currently 140,000 barrels of oil per day is transported along the pipeline that takes most of the Shell Petroleum Development Company of Nigeria Ltd.’s and third party crude oil production in Eastern Swamp operations to the Bonny Terminal in the Niger Delta. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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