ABUJA, Feb 23 (Reuters) – Nigeria’s proposed oil industry reforms could drive away $50 billion in investment if passed in their current form and make a bad situation for the sector even worse, Royal Dutch Shell (RDSa.L) said on Tuesday.
Posts from ‘February, 2010’
Shell Africa chief attacks Nigeria levies
By Tom Burgis in Abuja Published: February 23 2010 12:52 Royal Dutch Shells outgoing Africa chief on Tuesday delivered a blistering attack on Nigerias management of its vast oil and gas reserves but scotched rumours that the Anglo-Dutch group was looking to leave the country. Echoing industry claims that planned legislation could deal a killer [...]
Shell to Seek 800 Million-Euro Offers for LPG Unit
By Anne-Sylvaine Chassany and Fred Pals Feb. 23 (Bloomberg) — Royal Dutch Shell Plc, which is seeking to focus on exploration and production, may sell its liquefied petroleum gas distribution unit, four people with knowledge of the plan said. Shell hired Credit Suisse Group AG to manage a sale of the division, which is valued [...]
Angola offshore oil to be double Nigeria’s by 2020 -Shell
Tue Feb 23, 2010 9:55am GMT ABUJA, Feb 23 (Reuters) – Angola’s offshore oil production is likely to be double that of Nigeria by 2020, Royal Dutch Shell (RDSa.L) said on Tuesday. The two countries rival each other as Africa’s biggest oil producer, but oil majors say Nigeria risks losing out if changes to its [...]
As Schlumberger buys Smith, the price of oil services is set to rise
Financial Times February 22, 2010 7:56pm by Ed Crooks Schlumbergers $12bn deal to buy fellow oil services company Smith International, announced on Sunday night and discussed by Andrew Gould, Schlumbergers CEO, on Monday, looks like a turning point. From now on, the cost of oil services seems more likely to rise than fall. One possible [...]
Indian Energy Firms Pursue Assets Abroad
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.
Shell Internet Censorship
“One of the principles underlying all of our work on the Web has been that we should be true to the spirit of New Shell. This means that we are seen to be open, listening, interested in the views of others…”: SHELL CENSOR – MARCH 1999 Shell Internet Censorship By John Donovan Printed below is [...]
Charities to lobby BP and Shell on environmental practices
CIVILSOCIETY.CO.UK Vibeka Mair | 22 Feb 2010 Campaigning charities FairPensions and WWF have joined a coalition which is lobbying oil giants BP and Royal Dutch Shell over their investments in environmentally controversial oil sands developments. The coalition, which also includes Unison, Greenpeace and the Co-operative banking group, is asking pension scheme members to email their [...]
A smaller Big Oil fights for a revival
When the recession hit, the major companies streamlined, cut costs and became more efficient, giving them a shot at a profit comeback By BRETT CLANTON HOUSTON CHRONICLE Feb. 21, 2010, 4:32PM Big Oil has had a little less swagger in its step of late, humbled by a global recession that halted a multi-year run of [...]
Shell suffering from organizational dementia
Printed below is an article by Tony Allwright, a retired Irish Shell EP manager. It is published on his blog. It was brought to our attention by a Shell insider who shares the views expressed and believes the article deserves wider publication. Organizational Dementia By Tony Allwright We are all familiar with elderly people sometimes [...]
BP, Shell Cost Cuts May Falter as Drilling Stirs Oil Inflation
February 21, 2010, 07:10 PM EST By Eduard Gismatullin and Marianne Stigset Feb. 22 (Bloomberg) — BP Plc and Royal Dutch Shell Plc may falter in their campaigns to save billions in oil and gas project costs as a resurgence in drilling and demand for engineers threaten to revive inflation in the industry. Crude prices [...]
Beyond Business
Financial Times Review by Ed Crooks Published: February 22 2010 05:00 | Last updated: February 22 2010 05:00 Beyond Business: An Inspirational Memoir from a Visionary Leader By John Browne Weidenfeld & Nicolson £20, 336 pages FT Bookshop price: £16 After the fall, the rehabilitation. That familiar arc in the lives of disgraced public figures [...]
Two-tier market in executive pay
Financial Times By Brian Groom, Business and Employment Editor Published: February 21 2010 23:03 A two-tier market is emerging in executive pay in the UKs largest listed companies, with those that have come strongly through the recession able to offer better remuneration than their rivals, according to new research. Royal Dutch Shell, ranked ninth in [...]
Shell talks about cutting offshore incidents to zero
Risk Awareness has gone up; risk tolerance has gone down, said Jon Unwin, vice president of safety, environment and sustainable development for Shell Upstream Americas’ deep-water unit. Today, Shell, Chevron and others talk about cutting offshore incidents to zero.
No more Iraqi oilfields for foreign companies: prime minister
REUTERS Aref Mohammed BASRA, Iraq Sat Feb 20, 2010 7:56am EST BASRA, Iraq (Reuters) – Iraq has no further plans to use foreign firms to develop its oilfields beyond ones auctioned off last year, the country’s prime minister said on Saturday, ahead of a national election next month. Analysts say that foreign companies may have [...]


Shell Blog RSS Feed