FROM OUR JULY 2005 SHELL NEWS ARCHIVES… THE TIMES: Shell’s woes mount as it admits cost overruns and delays “FURTHER delays and soaring expenditure in big energy projects emerged at Royal Dutch Shell yesterday when the company admitted that the start-up of Bonga, a giant offshore Nigerian oilfield, had been pushed back until late this [...]
Posts on ‘July 28th, 2012’
The Guardian: Shell meets its match in the Rossport Five
FROM OUR JULY 2005 SHELL NEWS ARCHIVE… The Guardian: Shell meets its match in the Rossport Five “Suddenly, the issue became one of the biggest news stories of the year and, as the Irish Examiner called it, “a major public relations disaster for the Shell corporation”: “The “Rossport Five” were jailed at the specific request [...]
Bloomberg: Shell Pays $150 Million to End Probe; Output May Fall
FROM OUR JULY 2004 SHELL NEWS ARCHIVE Bloomberg: Shell Pays $150 Million to End Probe; Output May Fall “Shell Chairman Jeroen van der Veer, 56, in a conference call from London said the settlement is a hopeful step in ending the reserves debacle that led to the ouster of three senior executives, the loss of [...]
Lifting the Anchor on Change
Posted: 07/27/2012 There are certain iconic moments that prove to be turning points in history, where the momentum swings towards change. These are marked by symbolic events that crystalize public opinion, influence investor sentiment or lead to political upheavals. The financial crisis in 2007-08 that ushered in policy change to limit investment risk, the Arab [...]
Shell suffers political and economic upheavals
Shell suffers political and economic upheavals By MARTIN FLANAGAN Published on Friday 27 July 2012 00:00 OIL prices will continue to fall in the second half of this year due to the macro-economic downturn and “unprecedented” geopolitical events, Shell’s boss Peter Voser forecast yesterday. It came as the British-Dutch oil major revealed that underlying profits [...]
Greenpeace finds deep-sea corals on Shell’s Arctic drill site
By Juliet Eilperin, Published: July 27 Greenpeace scientists have identified a dense patch of deep-sea corals in a lease area of the Arctic’s Chukchi Sea off Alaska’s northwest coast, where Royal Dutch Shell is slated to start drilling.Researchers for the advocacy group, which have been lobbying to block drilling in the Arctic this summer, went down [...]
Shell sees opportunity in Russia
Published: July 27, 2012 at 7:47 AM THE HAGUE, Netherlands, July 27 (UPI) — Energy company Shell declared it was open to investing in the Russian liquefied natural gas and oil sector. Royal Dutch Shell Chief Executive Officer Peter Voser said following the announcement of second-quarter earnings that Shell had a successful partnership already with [...]
Shell flags gas project delays because of cost pressures
Matt Chambers From: The Australian July 28, 2012 12:00AM THE world’s biggest oil company, Royal Dutch Shell, has warned it may delay some of its $17 billion planned investment in Australian liquefied natural gas projects as construction costs soar and rival nations push for assets to be rapidly developed. Shell chief executive Peter Voser said [...]
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