Bloomberg News March 24, 2010, 12:53PM Royal Dutch Shell Plc, Europe’s second-largest oil producer, said it expects to double spending on acquisitions to about $2 billion this year. Shell will dispose of about $1 billion in assets this year, The Hague-based company said in slides prepared for the Howard Weil Energy Conference in New Orleans. [...]
Posts under ‘Houston Chronicle’
A smaller Big Oil fights for a revival
When the recession hit, the major companies streamlined, cut costs and became more efficient, giving them a shot at a profit comeback By BRETT CLANTON HOUSTON CHRONICLE Feb. 21, 2010, 4:32PM Big Oil has had a little less swagger in its step of late, humbled by a global recession that halted a multi-year run of [...]
Shell talks about cutting offshore incidents to zero
Risk Awareness has gone up; risk tolerance has gone down, said Jon Unwin, vice president of safety, environment and sustainable development for Shell Upstream Americas’ deep-water unit. Today, Shell, Chevron and others talk about cutting offshore incidents to zero.
Workers say Exxon Mobil hid cleaning job’s radiation risk
A trial against Shell Oil on these allegations is set for trial in May.
Shell CEO Voser just another BS merchant
QUOTE FROM ROYAL DUTCH SHELL CEO PETER VOSER IN A COMMENT TO SHELL EMPLOYEES: I was very positively surprised by how you kept your eyes on the operational performance on the day-to-day job you had to do while going through the uncertainties of the last few months… Introduction by John Donovan: Printed below [...]
Shell slyly migrating American jobs to India and the Philippines
POSTING BY A SHELL INSIDER: “JO BLOW” The state of Accountability within Royal Swiss err.. I mean Dutch Shell After the recent announcements concerning moving more of the finance functions to shared service centers in India and Manilla I thought now would be a perfect time to make a few points that are obvious to [...]
Leaked Shell internal documents reveal undisclosed transfer of jobs from U.S. and Canada to India
By BRETT CLANTON Copyright 2009 Houston Chronicle (NOW WITH AN ADDED COMMENT FROM “JO BLOW”) Dec. 15, 2009, 8:40PM Shell shipping Houston jobs overseas Royal Dutch Shell has publicly announced it will slash 5,000 jobs by year endincluding hundreds in Houstonas part of a sweeping reorganization new CEO Peter Voser said is needed to make [...]
Shell pushes for unfettered carbon trading markets
You have to allow a secondary market to develop, David Hone, Shell’s climate change adviser, told reporters at an energy conference in Singapore today. You don’t want to have a carbon market that’s restricted from doing what other commodity markets are doing.
Shell expects the Americas to have big role
Marvin Odum of Shell’s U.S. division says there is a real focus on this part of the world. (Photograph: Nick de la Torre: Houston Chronicle) By BRETT CLANTON Copyright 2009 Houston Chronicle Nov. 12, 2009, 8:16PM Royal Dutch Shell sees a bigger role for North and South America as it seeks to boost global output [...]
Big Oil’s lean look fuels Houston area jobs fear
Houston’s energy economy has clearly felt the sting of an unprecedented drop in crude and natural gas prices, with more than 18,000 jobs lost in past months.
But recent downsizing moves by Royal Dutch Shell, ConocoPhillips and other oil and gas companies appear to go beyond the typical bottom-of-the-cycle belt tightening.
They suggest a permanent shift toward doing more with less in what could be a troubling trend for Houston.
Shell reports lower profit, plans job cuts worldwide
As part of the plan, 15,000 Shell employees have to re-apply for a smaller pool of jobs, leaving many in limbo until selections are made.
Shell to comply with Iran gasolene sanctions
Royal Dutch Shell Plc said it will comply with international rulings on gasoline supplies to Iran as part of United Nations sanctions against the country over its nuclear program.
Pessimistic Shell plans substantial’ job cuts
The stock is down 12 percent this year, compared with a 3.8 percent decline for BP.
Citigroup predicts Shell production drop
BP Plc, Europes second-biggest oil company, may post second-quarter earnings that are more resilient than bigger rival Royal Dutch Shell Plc because its less affected by weak demand for natural gas in Europe, Citigroup Inc. said.
Shell CEO warns of further job cuts in recession
We dont know how long the recession will last, Chief Executive Officer Jeroen van der Veer said Thursday in an interview in Lausitz, Germany. We have additional cost savings and that can be jobs.


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