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Posts from ‘July, 2010’

U.K. declines comment on BP contingency plan

MarketWatch By Laurence Norman: July 6, 2010 LONDON (MarketWatch) — U.K. Prime Minister David Cameron’s spokesman declined to comment Tuesday on a report that government departments were preparing a contingency plan in case of the collapse of U.K. oil giant, BP PLC. Asked about a report in the Times, suggesting the Treasury and the Business [...]

British government increasingly concerned that BP could collapse

BP shares rise on hopes of international rescue BP is believed to have approached several sovereign wealth funds, including Abu Dhabi, Kuwait, Qatar and Singapore Richard Wray: Tuesday 6 July 2010 10.50 BST BP has been talking to international investors about a possible rescue. Photograph: Newscast Speculation is mounting that BP is looking for a [...]

Libya eyes stake in ‘bargain BP’

Daily Telegraph Libya has expressed an interest in building a stake in BP, describing the oil company as a bargain following its Gulf of Mexico oil spill. By Rowena Mason Published: 9:03PM BST 05 Jul 2010 The Libyan Government, headed by President Gaddafi, may not be welcomed as an investor in BP by the White [...]

BP getting ready to fight off a hostile takeover

BP’s £6bn sale to fight takeover amid boardroom cull that could see chairman axed By Mail Online Reporter Last updated at 12:08 PM on 5th July 2010 Clean-up bill for ecological disaster now past £2billion mark BP plans to sell £6billion in shares to raise capital following the Gulf of Mexico oil spill. The move [...]

BP shares rise on Middle East investment rumours

BBC NEWS Monday, 5 July 2010 12:25 UK Shares in BP have risen amid speculation that Middle East investors may buy stakes in the oil giant. Shares rose 2.5% following media reports suggesting that BP is seeking investment from Middle Eastern sovereign wealth funds. BP refused to comment directly on the speculation, but said it [...]

FT: BP Braces For Management Shake-up

7/3/2010 9:32 PM ET RTTNews) - Oil giant BP plc (BP: News ,BP.L: News ) may replace Chairman Carl-Henric Svanberg and Chief Executive officer Tony Hayward after the leaking oil well in the Gulf of Mexico is capped, the Financial Times reported Saturday, citing several leading shareholders and people close to the company. Shareholders are set [...]

BP admits failing to use industry risk test at any of its deepwater wells in the US

SUNDAY TELEGRAPH BP was facing fresh criticism over its approach to safety on Saturday night after critics said it did not use an industry standard process to asses risk ahead of the Deepwater Horizon disaster. The procedure, known as a safety case, was developed in Britain after the catastrophic Piper Alpha oil rig explosion of [...]

Royal Dutch Shell Intellectual Property Pirates

By John Donovan Last week came news of the outcome of  an “unjust enrichment” case in the US courts against Royal Dutch Shell Plc relating to alleged misuse of information disclosed in confidence to the company by the veteran American oilman, Jack J. Grynberg. Grynberg disclosed confidential information to Shell concerning an oil and gas [...]

Habitual Intellectual Property Theft by Royal Dutch Shell

By John Donovan Links to our articles over recent years about alleged IP theft by Royal Dutch Shell… Royal Dutch Shell Intellectual Property Pirates ENERTAG  PATENTS: MORE ROYAL DUTCH SHELL IP CHICANERY? RIGGED SHELL CONTRACT TENDER Tips  on suing Royal Dutch Shell for theft of Intellectual Property Legal proceedings against Shell in Houston for fraud [...]

Apocalypse Now … Niger Delta’s oil exploitation tragedy

This kind of spill happens all the time in the delta. The oil companies just ignore it. The lawmakers do not care and people must live with pollution daily SUNDAYHERALD From Fred Bridgland in Nigeria: 4 Jul 2010 The delta of the 2,600-mile-long Niger River is one of the richest sources of oil on the [...]

Expert educates Shell CEO Voser on oil rig blowouts

Retired Shell International Health and Safety Group Auditor, Bill Campbell responds to our article…Voser claims Shell has nothing to learn from the BP disaster: Is this really true? SHELL HAS NOTHING TO LEARN! When the US oil industry put forward the case to the US president for drilling in deepwater of Louisiana and Florida they [...]

Voser claims Shell has nothing to learn from the BP disaster: Is this really true?

By John Donovan It was reported in an article in The Guardian and elsewhere that Royal Dutch Shell CEO Peter Voser has said: “We would not have drilled the well [BPs Deepwater Horizon] in the same way. We have got other safety procedures across the globe. But I think that for some companies there will [...]

Kenya: Court Blocks Sale of Shell Until Staff Dues Are Paid

PROTEST BY SHELL EMPLOYEES IN MOROCCO OVER SHELL PLANS TO EXIT 21 AFRICAN COUNTRIES WITHOUT SEVERANCE OR COMPENSATION PAYMENTS Business Daily (Nairobi) Benson Wambugu 2 July 2010 More than 180 employees of Kenya Shell have successfully blocked the oil marketer from selling its business to Oil Libya Holding Company until their statutory dues are settled. [...]

Nigerians angry at oil pollution double standards

By Christian Purefoy, CNN June 30, 2010 — Updated 1133 GMT (1933 HKT) Niger Delta, Nigeria (CNN) — Nigeria’s Niger Delta is one of the most oil-polluted places on the planet with more than 6,800 recorded oil spills, accounting for anywhere from 9 million to 13 million barrels of oil spilled, according to activist groups. [...]

Shell Says Australia Resource Tax ‘Strikes Right Balance’

July 2 (Bloomberg) — Royal Dutch Shell Plc, among companies planning more than $40 billion of investment in Queensland gas projects, said Australia’s revised resources tax offers the appropriate benefits for the public and companies.