By Wilt Staph Shell is the least courageous of all the oil majors when it comes to acquisitions. The over-priced takeover of Enterprise Oil aside Shell has stood on the sidelines whilst all of its competitors, without exception, have concluded huge scale takeovers/mergers in the last ten years. The reason for this reluctance is not [...]
Posts on ‘June 3rd, 2010’
By Brian Swint June 3 (Bloomberg) — BP Plc Chief Executive Officer Tony Hayward faces rising speculation that the worsening oil spill will cost him his job as he grapples with worried investors, rating downgrades, U.S. politicians and public anger over the companys inability to control the crisis. Hayward will address Londons investors and analysts [...]
Royal Dutch Shell just spent $4.7 billion dollars purchasing land in gas-rich regions of New York and Pennsylvania.
Royal Dutch Shell PLC is studying two 11th-hour expressions of interest in buying its Montreal refinery, a plant it had targeted for closure, a spokesman said Wednesday.
Finncial Times: Industry can cut accident risks, says BP chief By Ed Crooks in London and Edward Luce in Washington Published: June 2 2010 23:26 | Last updated: June 2 2010 23:26 Extracts Tony Hayward is fighting for BPs right to stay in one of its most important regions for growth. It was possible, he [...]
June 3 (Reuters) – BP’s (BP.L) (BP.N)oil spill in the Gulf of Mexico has become the worst in U.S. history, prompting speculation about the future of the company and its chief executive, Tony Hayward.
Financial Times: Talk of takeover swirls around BP By Lina Saigol and Miles Johnson in London and Ed Crooks in Houston Published: June 2 2010 23:49 | Last updated: June 2 2010 23:49 When a whale is wounded, it does not take long for the sharks to circle. With BP floundering in the Gulf of [...]
June 2, 2010: AUSTIN – From TCEQ – The Texas Commission on Environmental Quality today approved penalties totaling $823,010 against 70 regulated entities for violations of state environmental regulations. Included in the total are penalties of $249,818 against Motiva Enterprises LLC, in Jefferson County, for numerous air violations, as a result of routine investigations conducted [...]