Following on its international acquisitions in steel and outsourcing in recent years, Essar is in talks with Shell to pay as much as $1 billion for three oil refineries in the U.K. and Germany, people close to the situation say. Last year, the company bought out the 50% stake that Shell, BP PLC and Chevron Corp. owned in a major refinery in Kenya.
India
Indian Energy Firms Pursue Assets Abroad
Essar Oil hit by a steep fall in crude-oil prices
Essar, which plans to have a refining capacity of one million barrels a day, is in talks to buy three European refineries from Royal Dutch Shell PLC. In July, Essar acquired a 50% stake in 80,000-barrel-a-day Mombasa- based Kenya Petroleum Refineries Ltd. from Shell, Chevron Corp. and BP PLC.
Leaked Shell internal documents reveal undisclosed transfer of jobs from U.S. and Canada to India
By BRETT CLANTON Copyright 2009 Houston Chronicle
(NOW WITH AN ADDED COMMENT FROM “JO BLOW”)
Dec. 15, 2009, 8:40PM
Shell shipping Houston jobs overseas
Royal Dutch Shell has publicly announced it will slash 5,000 jobs by year endincluding hundreds in Houstonas part of a sweeping reorganization new CEO Peter Voser said is needed to make the company more competitive.
But under a separate program, the European oil giant has been quietly transferring additional office jobs from Houston and elsewhere to India and the Philippines to reduce costs, according to internal Shell documents obtained by the Chronicle and a person familiar with the plan.
Essar Oil says Shell talks exclusive till Nov 30
NEW DELHI, Nov 3 (Reuters) - India's Essar Oil (ESRO.BO) said on Tuesday its exclusive talks with Royal Dutch Shell Plc (RDSa.L) to buy three of the global oil major's European refineries will run until Nov 30.
European oil refineries sold and up for sale
Sources said Essar submitted bids for Royal Dutch Shell's Stanlow.
Shell Blog Posting: The world’s biggest polluters are China, India and America, not Shell
SHELL BLOG POSTING
: Greenpeace & Friends of the Earth describe Shell “as the most polluting oil company”. Does this : (i) take into account that Shell is a larger worldwide operator than most? and (ii) take account that Shell has partners in most ventures? (i.e. is their partners % deducted from Shell’s numbers?). I bet as usual (aka Brent Spar) that Greenpeace have “expanded” their numbers to try and make a point! At the end of the day the biggest polluters by a long long way are China, India and America. What about attacking their policies rather than the usual onslaught at oil companies? – the usual reason perhaps? …… they are easier to get at (e.g. Shell Nigeria vs Nigerian Government). The likes of a left wing dross newspaper such as the Guardian really does write such nonsense. It’s a shame that again you have “expanded” your title to infer that the summit was hijacked by Shell. The Guardian states “polluters” in their title – I think you have again added more spice!! As I’ve said before our recent summers have been cold, wet and generally awful – a little warming up of the weather will be a nice thing. Hope this stirs up some response on this blog which has been rather quiet of late!!!
Oilcos get Shell shock on plant lift contract
Public sector companies are not allowed to award contracts to any entity without inviting open tenders. ET had reported on April 2 that the government was examining irregularities in awarding refinery upgradation contracts to Shell Global Solutions.
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.
India’s IOC, Shell eye Reliance pumps stake -paper
MUMBAI, March 20 (Reuters) - Indian Oil Corp (IOC.BO) and the Indian unit of Royal Dutch Shell (RDSa.L) are front runners for buying a 50 percent stake in Reliance Industries' (RELI.BO) retail fuel business, the Economic Times said on Friday.
Shell looks to expand retail footprint in India
Royal Dutch Shell has announced plans to expand its retail presence in India in 2009, as the Indian government plans to introduce a market-led pricing regime for petrol and diesel, according to PetrolWorld.
Shell’s India arm buys LNG from Australia project
NEW DELHI, Jan 7 (Reuters) - The Indian arm of Royal Dutch Shell has bought 80 million cubic metres of liquified natural gas from Australia's Northwest Shelf project at $9.06 per mmbtu, an industry source told reporters on Wednesday.
India’s ONGC Fights to Keep Up
Around the same time, Angola rejected plans by Royal Dutch Shell PLC to sell its half of a project to ONGC, instead ordering Shell to sell to Chinese interests.
Shell Expands LNG Import Capacity in India
Dec. 18 (Bloomberg) -- Petronet LNG Ltd. and Royal Dutch Shell Plc are expanding liquefied natural gas import capacity in India even as the global recession cuts demand and prices of the fuel decline.
An Ode to Oil
Oil is, after all, a primary source of man-made global warming, while spillages and drilling have sometimes inflicted lethal environmental damage. Despite the sharp falls of recent months, dramatic price rises have also underwritten every postwar global recession, including the current economic malaise.
Renewed push by Royal Dutch Shell into India’s fuel market
The plunge in crude oil prices has prompted a renewed push by Shell and private-sector Indian groups into the country's retail fuel market.
East to crack the west’s grip on refining
While refineries in Europe and the US in particular suffer from a collapse in fuel demand, and big integrated oil companies such as BP and Royal Dutch Shell sell one facility after another, Asia and the Middle East are emerging as the new centres of the industry.