Posts on ‘January 4th, 2008’

January 5, 2008 Carl Mortished: Tempus Banks are in trouble, retailers are wounded and builders could soon be bust. Only the oil companies seem to be making money, selling fuel that consumers will continue to buy – at any price? It is too late to profit from the oil-price surge with a punt on a [...]

(The Times article below by Martin Waller openly ridicules Jeroen van der Veer, the Chief Executive Officer of Royal Dutch Shell Plc) The Times: A word in your Shell-like — it’s all gibberish January 5, 2008 City Diary Martin Waller An e-mail arrives. It is from Shell, the subject of embarrassing leaks this week about [...]

4th January 2008, 15:00 WST   Chevron will work to secure government approval for a 50 per cent expansion of the Gorgon liquefied natural gas project over the next twelve months, the company has announced. The venture will over the next year start initial engineering work for the delayed project and consider early site preparation [...]

Eric Watkins Senior Correspondent LOS ANGELES, Jan. 4 — Royal Dutch Shell PLC’s China subsidiary has acquired a 55% equity stake and operatorship in a coalbed methane project in China’s Shanxi Province. Shell China Exploration & Production Co. said it received approval from the Chinese Ministry of Commerce to acquire Verona Development Corp.’s majority stake [...]

January 3, 2008 By Lawrence Walsh More than 3,000 Royal Dutch Shell staff and contract IT workers are waiting their find out their fates as the European oil giant is moving closer to outsourcing much of its IT operations. Shell executives decided to slash thousands of IT positions in favor of outsourcing as part of [...]

04 January, 2008 01:00:00 EJIOFOR ALIKE As Royal Dutch Shell embarks on a worldwide restructuring to cut jobs and costs, Shell Nigeria has increased the salaries of its expatriate staff by 30 percent. Nigeria is the group’s largest oil and gas operational area outside the United States and the European North Sea. Indeed, the company [...]

Rosalie Marshall, IT Week, 04 Jan 2008 In a major move to cut costs Royal Dutch Shell has announced plans to outsource the majority of its information technology division, but industry commentators have warned that if the oil company ignores the new trend to direct sourcing, the firm will not be make the most of [...]

Jobs could be hit by moves to streamline an oil giant’s global operation. Shell is shedding thousands of jobs worldwide to cut costs and Aberdeen could be affected. Around 300 information technology jobs will go in the UK. The move is also expected to see a number of finance jobs axed. In future the work [...]

By DAVID WINNING January 4, 2008 BEIJING — Vast coal reserves in Asia are gaining attention as major energy consumers such as China and India grapple with the reality of oil prices around $100 a barrel and the risks they pose to their economies. Multibillion-dollar facilities that convert coal to oil are being studied across [...]

3 januari 2008 | door Jolein de Rooij Shell schrapt een deel van zijn ict-activiteiten en besteedt een ander deel uit aan Oost-Europa. Deze stap is onderdeel van een jarenlange offshoring-trend binnen het concern. In 2003 startte Shell het besparingsprogramma IT Vision. In 2001 verzelfstandige de oliemaatschappij zijn softwareontwikkeling. Het offshoren van ict-activiteiten is geen [...]

Van onze verslaggever Wouter Keuning gepubliceerd op 03 januari 2008 02:51 , bijgewerkt op 02:51 Amsterdam – De geruchten dat Shell 3200 banen gaat schrappen en uitbesteden om kosten te besparen, worden steeds hardnekkiger. Het zou voornamelijk om banen bij de ict-divisie van het bedrijf gaan. Of er ook banen verloren zullen gaan in Nederland [...]

Thursday, January 03, 2008; Posted: 11:06 PM   TOKYO, Jan 04, 2008 (AsiaPulse via COMTEX) — RDS/A | Mitsubishi Corp. (TSE:8058) will obtain rights to the Dunlin fields in the North Sea from Royal Dutch Shell Plc and other owners. The acquisition will be conducted jointly with U.K. energy developer Fairfield Energy Ltd. Mitsubishi will [...]

By Angela Macdonald-Smith Jan. 4 (Bloomberg) — Woodside Petroleum Ltd., operator of the North West Shelf venture, said the restart of domestic gas production at the Karratha plant in Western Australia has been delayed by “technical and mechanical issues.” Output of gas for the Western Australian market is expected to restart later today, with the [...]

By Samantha Zee Jan. 3 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said it plans maintenance turnarounds at its Deer Park, Texas, refinery between mid-January and early March. There is “the possibility of higher than normal flaring the third week of January and third week of February,” because the turnarounds involve shutting [...]

01.03.08, 4:43 PM ET (In U.S. dollars) By Jeffrey Jones CALGARY, Alberta (Reuters) – World oil prices have broken the magic $100 a barrel mark but Canadian oil producers will have to wait for much of their own fast-growing but lower-quality production to fetch such a lofty sum. More than 40 percent of western Canadian [...]