Rich Karlgaard, Forbes Staff This article originally appeared in the Apr. 23, 2012 issue of Forbes magazine. This year will likely be the first time in history that a company tops $500 billion in sales. Two oil companies are good bets to pass the mark: the U.S. ExxonMobil and the U.K.-registered, Netherlands-headquartered Royal Dutch Shell. [...]
Posts under ‘Forbes’
Supreme Court To Decide If 1789 Law Applies To Shell Today
Daniel Fisher, Forbes Staff 12/20/2011 For nearly 200 years, the Alien Tort Claims Act lay dormant, a one-sentence law passed by the first Congress that gave federal courts jurisdiction to hear any lawsuit brought by an alien for torts committed in violation of the law of nations. Then around 1980 inventive lawyers rediscovered it as [...]
Shell Motiva release of carcinogenic chemical at Norco plant
By John Donovan 18 September 2011 Bloomberg has reported the release of a carcinogenic chemical - butadiene – by Shell/Motiva at its Norco plant in Louisiana. Butadiene is listed as a known carcinogen by the Agency for Toxic Substances Disease Registry and the US EPA. At acute high exposure, damage to the central nervous system [...]
Rosneft Deal Shows Exxon To Be The Only Supermajor With Heft In Russia
In Sakhalin… Exxon has fared much better than rival Royal Dutch Shell, which has led the development of Sakhalin-2. In 2005 Shell disclosed $10 billion in cost overruns on the $20 billion project, and in 2007 it was forced by the Kremlin to sell half of its Sakhalin stake to Gazprom. Though Shell and Rosneft [...]
Pensions weigh options from BP spill
By ALAN SAYRE , 07.08.10, 12:03 AM EDT NEW ORLEANS — The exasperation with BP felt by residents of the Gulf states is spreading to shareholders – and some are taking the oil giant to court. Since the Deepwater Horizon drilling rig disaster on April 20, BP ( BP – news – people ) shares [...]
Royal Dutch Shell: deep drilling must continue
Associated Press. 06.27.10, 12:30 PM EDT CAPE TOWN, South Africa — Royal Dutch Shell says rising demand means deep-water drilling must continue, but that competitor British Petroleum’s massive Gulf of Mexico spill offers lessons. At a business and political forum in Cape Town, Royal Dutch Shell PLC ( RDSA – news – people ) chief [...]
Shell: $40B in Nigerian investments in jeopardy
Associated Press 06.17.10, 08:42 AM EDT LAGOS, Nigeria — Royal Dutch Shell PLC is warning Nigerian authorities that $40 billion of planned investments in the country could be jeopardized if lawmakers pass a new law overhauling the petroleum industry. A Shell spokesman said Thursday that investments in offshore well sites are on hold as lawmakers [...]
Why BP’s Hayward Is A Goner
Christopher Helman is an Associate Editor at Forbes, based in Houston President Obama is looking for “ass to kick” and says that if BP Chief Executive Tony Hayward worked for him, he’d have been fired already. Politicians are out for blood, have their eyes on BP’s cash and are outraged that BP hasn’t yet moved [...]
Inside Shell’s Iran Game
Forbes: Inside Shell’s Iran Game June 3, 2010 – 4:58 pm Mark DubowitzBio | Email Mark Dubowitz is Executive Director of the Foundation for Defense of Democracies, and leads the Foundations Iran Energy Project Royal Dutch Shell resumed its gasoline shipments to Iran, International Oil Daily reported this morning. The company got back into [...]
AP INVESTIGATION: Oil self-regulates around globe
Across the globe, industry-driven regulation is the norm, not the exception – and critics are calling for a re-examination of a system that puts crucial safety decisions into the hands of corporations motivated by profit.
Earnings Preview: Shell to post strong Q1
In addition to cutting personnel costs, Shell has been investing heavily in new capacity to reverse a decade-long slide in production. Most analysts are upbeat about future prospects, but it may underperform peers until production comes on line. Shell has frozen its quarterly dividend at the 2009 level of $0.42 per share for 2010 to protect its balance sheet.
Shell International Upstream To Power Growth
INVESTOPEDIA Posted: Apr 02, 2010 15:34 PM by Eric Fox Royal Dutch Shell (NYSE: RDS.A, RDS.B) will utilize its large portfolio of international upstream projects to grow production, reaching 3.5 million barrels of oil equivalent per day (BOE/D) by 2012. This 11% production growth will be powered by the startup of large projects in its international portfolio, [...]
Shell starts production at huge offshore site
Associated Press, 04.01.10, 08:03 AM EDT NEW ORLEANS — Shell Energy Resources Co. has started production at the world’s deepest offshore drilling and production facility in the Gulf of Mexico. The Perdido development sits in 8,000 feet of water about 200 miles off the Texas coast. Shell Energy Resources, a unit of Royal Dutch Shell [...]
Australia’s Arrow accepts Shell, PetroChina bid
Associated Press, 03.21.10, 08:30 PM EDT SYDNEY — Arrow Energy Ltd., a major owner of gas assets in Australia, has agreed to a sweetened takeover bid from Royal Dutch Shell and PetroChina Co. worth Australian dollars 3.44 billion ($3.15). The deal comes as Australia ramps up major natural gas projects in response to booming demand [...]
Shell makes deep oil strike in Gulf of Mexico
Associated Press, 03.19.10, 08:03 AM EDT AMSTERDAM — Royal Dutch Shell PLC says it has made a significant discovery of oil 25,000 feet below the surface in the Gulf of Mexico. The company says the deposits were found at the Appotmattox prospect in the Mississippi Canyon of the gulf, an area where other rich deposits [...]


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