Royal Dutch Shell Plc  .com Rotating Header Image

Posts Tagged ‘The Sun’

Shell’s £1bn Africa punt

OIL giant SHELL stunned experts yesterday by bidding to boost its reserves with a £1billion gamble on Mozambique in East Africa.“This shows how desperate Shell are to boost reserves,” said one expert.

Shell’s £1bn Africa punt

Thursday, February 23, 2012

OIL giant SHELL stunned experts yesterday by bidding to boost its reserves with a £1billion gamble on Mozambique in East Africa.

It revealed a 195p per share offer for COVE ENERGY which holds an 8.5 per cent stake in one of the world’s biggest gas fields there.

It contains the equivalent in gas of more than TWO BILLION barrels of oil.

“This shows how desperate Shell are to boost reserves,” said one expert. Cove shares raced 25 per cent to 193.5p.

East Africa is one of the fastest growing frontiers for oil and gas exploration. Shell’s offer is one of only a handful of deals in the past decade. read more

royaldutchshellplc.com and its also non-profit 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 reminds us of the moral bankruptcy of the corporate elite

By STEVE HAWKES, Business Editor: Published: 3 February 2012

SHELL is coining it as pump prices soar — after yesterday unveiling an £18BILLION profits bonanza.

The oil giant sparked outrage by boasting it raked in almost £2.2million an HOUR last year.

Hard-up motorists — now facing forecourt prices that are almost back to record levels — were left fuming.

Almost all of the 54 per cent surge in profits was down to the rocketing price of crude.

Shell, which also benefited from rising gas prices, insisted it barely made a penny at the pumps. But the RAC’s Adrian Tink raged: “Motorists understandably feel they are being taken for a ride when they see figures like these. We understand they don’t make a large amount at the pump but they make a lot of money when the oil price is going up. read more

royaldutchshellplc.com and its also non-profit 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 axes final salary pension schemes

By STEVE HAWKES, Business Editor: 6 January 2012

SHELL is to scrap final salary pensions from 2013 — despite making billions in profits.

The oil giant will close its scheme to new recruits in two years.

All existing staff will be kept on final salary benefits — for now.

The move means that every UK company in the FTSE 100 has now scrapped the generous retirement packages.

It came as the UNITE union revealed thousands of health workers had “unanimously rejected” government calls to cough up more money for their own saving pots.

Matthew Sinclair at the TAXPAYERS ALLIANCE said Shell’s action showed a huge divide between the public and private sector. While the Government is £990 billion in debt, Shell is expected to post annual profits of almost £17billion for 2011. read more

royaldutchshellplc.com and its also non-profit 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.

£5bn for Shell as fuel goes sky high

By STEVE HAWKES Business Editor

SHELL revealed profits of £37,347 a MINUTE yesterday – as petrol prices soared back to within a PENNY of record levels.

The oil giant raked in an incredible £4.9billion from April to June – up 77 per cent on last year.

Chief executive Peter Voser insisted the petrol price rise was down to sky-high oil prices.

He said Shell made “virtually nothing” on the forecourt – and told motorists to take their complaints to the Government.

Mr Voser said: “We are very competitive on the forecourt. And remember, 60 to 70 per cent of the price people pay at the pump is tax. The vast majority of our profits come outside the UK – in 89 to 90 other countries.” read more

royaldutchshellplc.com and its also non-profit 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.
%d bloggers like this: