Posts under ‘Daily Mail’

By Rob Davies: PUBLISHED 22 May 2013 Investors joined environmental protesters in giving Royal Dutch Shell a slap on the wrists, as a tenth of them failed to back the oil giant’s pay arrangements. In what is likely to be chief executive Peter Voser’s last annual meeting before he retires, some 10 per cent of [...]

Oil price fixers should face prison, says Cameron: ‘Rigging’ might have cost every household £2,000  Oil giants Shell and BP accused of fixing prices for more than a decade. PM said allegations ‘hugely concerning’ and threatens to prosecute bosses. Experts believe scandal could have cost consumers thousands at the pump By Rob Davies and Jason [...]

BP and Royal Dutch Shell saw their offices raided today as the European Commission launched an investigation into oil price fixing. The Commission said it is concerned there has been collusion aimed at manipulating the prices of not only oil, but also petrol and biofuels.  A bogus market? By This Is Money Reporter PUBLISHED: 16:58, 14 [...]

By Rob Davies: PUBLISHED: 01:07, 1 May 2013 | UPDATED: 01:07, 1 May 2013 Royal Dutch Shell has pipped French rival Total to a multi-billion-dollar project to develop a difficult gas field with Abu Dhabi’s National Oil Co. The deal gives the Anglo-Dutch oil supermajor a chance to prove the effectiveness of its latest sour [...]

Royal Dutch Shell has again found itself in choppy waters, with the US Coastguard announcing its fourth probe into its Alaska drilling operation. The US Coastguard has asked the Department of Justice to look into possible breaches of international environmental law. By City & Finance Reporter: PUBLISHED: 21:58, 29 March 2013 | UPDATED: 09:08, 30 [...]

Mr Lawrence was the executive vice-president for exploration and commercial for Shell’s Upstream Americas division. His responsibilities are now being divided between three executives, including one with responsibility specifically for the Arctic. Its Arctic programme has already been beset by setbacks which forced it to put it on hold until at least 2014. By Emily [...]

Shell boss Peter Voser bagged a pay and shares deal worth up to £8million for 2012, according to the oil giant’s annual report. By Rob Davies: PUBLISHED: 22:26, 14 March 2013 Shell boss Peter Voser bagged a pay and shares deal worth up to £8million for 2012, according to the oil giant’s annual report. The [...]

By Harry Glass: PUBLISHED: 12:43, 31 January 2013 Shell shares were down 42p (1.8 per cent) at 2,263.5p by mid-day. Its refining operations actually returned to profit in the last quarter, but analysts were more concerned about a 14 per cent fall in earnings from its production division to £2.8billion – the company blamed higher [...]

Shell News, this day, 9 years ago: Shell investors were still in a state of shock over the dramatic disclosure that Shell had vastly overstated its proven oil and gas reserves. The main villain, the fraudster, Sir Philip Watts, was still Royal Dutch Shell Group Chairman. Lord Oxburgh was still backing him. Daily Mail: Rebels [...]

By Rob Davies; PUBLISHED: 09:03, 10 January 2013 Shell’s dream of drilling for oil in the Alaskan Arctic has suffered another blow, after US authorities announced a ‘high-level’ review likely to delay its plans still further. US Secretary of the Interior Ken Salazar said his department would launch a 60-day probe ‘to review practices and [...]

The reputational damage to Shell’s chief executive Peter Voser and the rest of the board is enormous. Shell has spent most of the past year defending allegations that it is incapable of drilling safely in the environmentally-sensitive Arctic region, which is regarded as the next frontier for oil. By Daily Mail Reporter Monday 7 January 2013 [...]

Pilot wells caused two earthquakes in Lancashire last year and green campaigners warn the method could contaminate the water supply. By Tom Mcghie and Nick Craven Britain is sitting on a £1.5 trillion shale gas bonanza that could be worth more than the remaining North Sea gas. The amount is bigger than previously thought and would [...]

 From our Shell News Archive Sunday 31 October, 2004 The fallout from the Shell reserves fraud continues… The Independent On Sunday (UK): Business View: Shell’s real location problem is finding more black stuff: “The misreporting of reserves scandal showed all the worst Shell traits – secrecy, haughtiness, inertia.”: “So what’s the hurry? Was it because [...]

From our October 2004 Shell News Archive Daily Mail (UK): The new Untouchables “Sir Philip Watts, former chairman of Shell, plainly hopes that the checks and balances of British corporate justice will save him from the hands of the Securities and Exchange Commission (SEC).”: “The quarrel has a hidden significance. Watts is personally under investigation [...]

By Rob Davies PUBLISHED: 22:30, 17 September 2012 | UPDATED: 22:30, 17 September 2012 A faulty piece of safety kit has forced Shell to postpone its controversial Arctic drilling programme just days before MPs were due to criticise its ability to respond to an oil spill in the region. Shell said its ‘containment cap’ – [...]