FROM OUR ARCHIVES… Combined with an oil price higher than ever, Cairn looks to be sitting very pretty. Much to the embarrassment of Shell, of course, which sold the Rajasthan field to Cairn two years ago for just £4m. 18 May 2004 The oilfields of India are proving to be more like gold to Cairn [...]
Posts under ‘India’
ComputerWeekly.com: Shell IT staff will be well placed to find new jobs
ARTICLE FROM OUR ARCHIVES: The global IT workforce at Shell, which totals 9,300, will fall by between 20% and 30% by 2006, with several hundred UK IT jobs at risk. ComputerWeekly.com: Shell IT staff will be well placed to find new jobs By Daniel Thomas Tuesday 4 May 2004 Shell IT staff who leave as [...]
Shell’s revised Cove bid wins board approval
April 24, 2012, 10:32 p.m. EDT By Alexis Flynn – Shell’s recommended cash offer values Cove at GBP1.12 billion – Cove is junior partner in a potentially huge natural gas field off Mozambique – Rival bidder, Thailand’s PTT E&P, says it is considering its options LONDON (MarketWatch) — Royal Dutch Shell PLC RDS.A +1.05% said [...]
Royal Dutch Shell Remains Confident on Alaska Drilling
March 7, 2012 By Isabel Ordonez HOUSTON Royal Dutch Shell remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska this summer, the companys Executive Vice President for Exploration David Lawrence said Wednesday. As long we continue to meet critical milestones we will drill [...]
PTT Exploration Offers $1.7 Billion for Cove, Beating Shell
PTT Exploration offered 220 pence for each Cove share, 13 percent more than Shells proposal, according to a statement today. Cove surged 21 percent to 235 pence in London trading, indicating investors are betting on further bids.
Shell Bid Starts Race for African Gas Fields Bigger Than Norways: Energy
By Eduard Gismatullin and Fred Pals – Feb 23, 2012 9:45 AM GMT Royal Dutch Shell Plc (RDSA)s $1.6 billion bid for Cove Energy Plc (COV) starts a race to develop natural-gas fields off Mozambiques Indian Ocean coast that may hold more than Norways entire reserves. Winning Cove would give Shell an 8.5 percent stake [...]
Shell fears it could be driven out of the UK over North Sea taxes
Shell warned the government not to tax it out of the UK, as it sketched out ambitious growth plans alongside an underwhelming set of results. Chief executive Peter Voser said the Anglo-Dutch oil company was aiming to pump 4bn barrels of oil per day (bpd) by 2017, compared to 3.2bn today. Net spending will rise [...]
Sir Bill’s treatment at Cairn will make every board quake
The giant oil field sold for a song by Shell… it sold its 50% share to Cairn for $7.5 million, now worth billions… James Ashton 24 Jan 2012 The momentum gained by the Government’s war on executive pay meant it was bound to claim some victims. The only surprise is that Sir Bill Gammell has [...]
Shell must pay $1 bn for Niger Delta clean-up: rights groups
10 Nov, 2011, 02.35AM IST, AFP LONDON: Oil giant Shell should commit $1 billion (700,000 euros) as a first step to clean up the Niger Delta following two devastating oil spills in 2008, rights groups said Thursday. Shell has accepted responsibility for the spills in the southern Nigerian state of Ogoniland that affected the Bodo [...]
Asia will drive growth for Shell, says CEO
Devjyot Ghoshal Energy-hungry Asia will remain the major growth driver for Shell, though the regions appetite may diminish slightly next year owing to global uncertainties, the Dutch oil and gas majors chief executive officer, Peter Voser, said on Monday. I think Asia-Pacific for us is the key growth region. We see a lot of growth, [...]
Shell touts gas benefits for Asia
Published: Sept. 23, 2011 at 8:22 AM BANDAR SERI BEGAWAN, Brunei, Sept. 23 (UPI) — Natural gas resources will help fuel economic growth in Asia, where advances are vastly outpacing the rest of the world, a Shell executive said. Malcolm Brinded, executive director for upstream developments at Shell, spoke to delegates at an energy conference [...]
Can BP’s investors give oil giant the time to learn from Shell’s mistakes?
Results clouded by rivals and identity crisis! Titanic court battle looms for oil company! Executives may face charges! By Rowena Mason: 9:33PM BST 30 Jul 2011 If those headlines were meant for readers in 2011, the subject could be only one sorry corporate story: BP and its $40bn (£24bn) Gulf of Mexico oil disaster. However, [...]
The black gold Shell sold for peanuts
From a Shell retiree Hello John You may want to have a look here: http://www.cairnindia.com/IR/Pages/QuarterResult. A few years ago Shell got rid of this acreage for peanuts because it was not worth having. Cairn thought differently . Extracts from related articles: (1): Its site in Rajasthan, India, bought from Shell for next to nothing, has turned [...]
Shell sees future in unconventional gas
Published: June 30, 2011 at 9:44 AM LONDON, June 30 (UPI) — A so-called revolution in gas supplies driven in part by shale-gas reserves will allay global energy security concerns, a Shell official said in London. Malcolm Brinded, executive director of global upstream activity at Royal Dutch Shell, told delegates at an energy summit in [...]
Shell changes talent mix to meet energy market challenges
Skilled recruitment continued as 7,000 people laid off Royal Dutch Shell has continued recruiting despite laying off up to 7,000 staff in the past few years as it continuously reprofiles its talent mix, its HR chief HR has said. Hugh Mitchell (right), Shells chief HR and corporate officer, told the Economists Talent Management Summit yesterday [...]


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