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Posts under ‘Daily Telegraph’

Shell could face fines over Gannet oil spill

Royal Dutch Shell may face a criminal investigation and hefty fines in the Scottish courts for its oil leak, which is still trickling into the North Sea. Shell is currently working to stop 4,500 barrels still in the pipeline from leaking into the sea. Photo: REUTERS By Rowena Mason: 7:49PM BST 17 Aug 2011 The Government [...]

Shell’s oil spill is bad news for all as energy prices rocket

The flow of oil into the North Sea may have been reduced to no more than a trickle, but the damage to Shell’s reputation has already been done. The Royal Dutch Shell platform Gannett Alpha is seen in the North Sea in a 2009 file photograph Photo: REUTERS By Richard Fletcher 9:05PM BST 16 Aug 2011 [...]

Royal Dutch Shell says North Sea oil leak now ‘under control’

Royal Dutch Shell has said an oil leak from one of its pipelines in the North Sea is now “under control”. Shell did not say how much oil had been released, but estimated that the size of the sea surface affected was around 31 kms by 4.3 kms at its widest point. Photo: REX By Szu [...]

African king sues Shell over Niger Delta oil spills

Royal Dutch Shell is being sued by an African king in a second case related to two oil spills at Bodo in the Niger Delta. Shell is already facing a class action on behalf of 69,000 people in Bodo over the spills in 2008. Photo: GETTY By Rowena Mason: 9:00PM BST 06 Aug 2011 The suit [...]

BP is now in danger of becoming a ‘jam tomorrow’ business

By Damian Reece 12:17PM BST 26 Jul 2011 Management, led by Bob Dudley, is gradually losing the trust of shareholders who have sat through one failure after another, most recently the Macondo oil spill and then the spectacular blow up of its Russian strategy. BP I expect one of the big pictures to emerge form [...]

Shell trumps BP in the battle of the oil giants

Britain’s biggest oil companies are expected to reveal bumper profits totalling a massive £9.2bn for the quarter, but troubled BP, once industry leader, will be far outstripped by Shell. By Josie Ensor 6:00AM BST 25 Jul 2011 Royal Dutch Shell is set to post quarterly profits of £4bn on Tuesday, a 60pc increase on the [...]

Canary Wharf to transform Royal Dutch Shell site

Canary Wharf Group has been chosen to transform five acres surrounding Royal Dutch Shell’s headquarters on London’s Southbank – one of the capital’s last remaining big development sites. By Jamie Dunkley 6:20AM BST 25 Jul 2011 The oil group has picked a bid by Canary Wharf, which is majority owned by Songbird Estates and Qatari [...]

Oil companies poised to unveil huge profits

Britain’s three biggest oil companies are set to reveal huge profits totalling almost $15bn (£9.2bn) for the past three months, with market leader Royal Dutch Shell making around $75m (£46m) per day. High oil prices have boosted the earnings of Royal Dutch Shell, BP and BG Group, with the cost per barrel of crude averaging [...]

Shell’s giant Kazakhstan oil project in crisis

Royal Dutch Shell and its partners are to ask the Kazakh government for an extension to the 2013 deadline for the first oil from their troubled Kashagan field. By Richard Orange, Almaty, Kazakhstan 5:40AM BST 01 Jul 2011 Kazakh oil minister Sauat Mynbayev has repeatedly threatened the consortium of oil companies with heavy financial penalties [...]

BP says it is still obvious partner for Rosneft

The chairman of BP has said the company remains the “obviously favourable” partner to explore the Arctic with Rosneft, despite the failure of their £10bn tie-up last month. BP chief executive Bob Dudley (right) with Rosneft president Eduard Khudainatov during the original signing of the share-swap and joint venture deal. Photo: EPA By Rowena Mason, Energy [...]

Vladimir Putin ‘comfortable’ with Shell as Arctic partner for Rosneft

Russia’s powerful prime minister Vladimir Putin has given a vote of confidence in Royal Dutch Shell, saying he is “comfortable” with the company exploring the Arctic with state-controlled oil giant Rosneft. The right to look for oil in the Arctic is a great prize for foreign companies as there is the potential for major discoveries [...]

Shell’s suppliers to reapply for work

Shell’s 70,000 suppliers have to re-register to work for the oil giant as it adopts an Achilles global management platform Shell is shifting its supplier management onto a global basis Photo: AP By Richard Tyler 7:46PM BST 24 May 2011 Shell’s 70,000 suppliers will have to reapply to work for the oil giant as it shifts [...]

Germans attack BP, Shell for over-charging for petrol

Five big oil companies, including BP and Shell, are in trouble with the German regulator for over-charging drivers at petrol stations. Petrol has become a contentious issue for households across Europe as prices at the pump have risen in line with the soaring oil price above $120 per barrel. By Rowena Mason 6:59PM BST 26 [...]

Royal Dutch Shell in Rosneft Arctic talks

Royal Dutch Shell has begun talks with Rosneft on “potential exploration” in the Arctic – the week after BP’s flagship deal with the Russian state oil company collapsed. BP and Rosneft announced a £10bn share swap and Arctic exploration deal at a high-profile ceremony flanked by politicians and dignitaries in January this year. Photo: ALAMY By [...]

Shell shuts Caspian office, $50bn Kashagan project on ice

Royal Dutch Shell will shut its Caspian office for the giant Kashagan oil field at the end of this month, effectively putting the crucial £30bn ($50bn) project on ice for at least two years. Staff at Shell Development Kashagan in Atyrau have been laid off or relocated and the office closes on May 30. Photo: ALAMY [...]