Posts under ‘Oil’

By Andrew Callus THE HAGUE | Tue May 21, 2013 9:35am EDT (Reuters) – The hunt for Royal Dutch Shell’s (RDSa.L) next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group’s annual shareholder meeting. Voser announced his surprise decision three [...]

Royal Dutch Shell has admitted it needs more women on its board but pleaded for “patience” as it tried to find suitable candidates. Shell chief Peter Voser told the AGM that it would be “inappropriate” to speculate on the outcome of a European Commission investigation into oil price rigging. Photo: AFP/Getty By Emily Gosden: 7:13PM BST [...]

Bonus awarded to outgoing chief executive Peter Voser prompts 8% of shareholders to vote against remuneration policy Bumper £8m pay package for Shell boss Peter Voser (Daily Mail Article) Rupert Neate The Guardian, Tuesday 21 May 2013 18.38 BST Shell suffered an embarrassing 10% shareholder rebellion against its executive pay report on Tuesday. Almost 8% [...]

Suzanna Caldwell:May 20, 2013 A subdued Anchorage Assembly chambers turned into a federal courtroom of sorts Monday as members of the U.S. Coast Guard questioned Royal Dutch Shell officials over the grounding of one of its prized Arctic drilling vessels in stormy Gulf of Alaska winter weather. The Coast Guard’s formal marine casualty investigation hearings [...]

(Reuters 21 May 2013) – Days before a Shell drillship went aground in the storm-tossed Gulf of Alaska, it was clear that towing failures could spell disaster for the vessel, the crew and the marine environment, a company official told a U.S. Coast Guard panel on Monday. Other probes may result in civil or criminal [...]

  THE HAGUE | Tue May 21, 2013 12:05am BST May 21 (Reuters) – Royal Dutch/Shell CEO Peter Voser may be making his last appearance on the podium at the company’s annual shareholder meeting on Tuesday, turning the spotlight on management’s plans for a successor. Voser announced his surprise decision three weeks ago to step [...]

John, Your readers may find the following links interesting in view of the latest allegations regarding Royal Dutch Shell, BP, StatOil, and perhaps others: Racketeer Influenced and Corrupt Organizations Act - Wikipedia, the … en.wikipedia.org/…/Racketeer_Influenced_and_Corrupt_Organizations_…‎ This law-related article does not cite its references or sources. You can help Wikipedia by including appropriate … Summary - RICO predicate offenses - Application of RICO laws - Famous cases [...]

By John Donovan Assessment of current situation in the price-rigging investigation partly based on an articled published today by The Lawyer today under the headline “All eyes on energy“: Royal Dutch Shell is being advised by Clifford Chance in relation to the allegations of price-fixing. Competition lawyers say that the investigation could be “bigger than [...]

If you couldn’t travel to the Hague to protest, you could always attend the live link-up in London. But now you can’t even do that Rupert Neate: The Observer, Sunday 19 May 2013 Angry about the oil giants allegedly fixing the price of petrol for more than a decade? You’ll have a chance to harangue [...]

FINANCIAL TIMES By Ajay Makan and Javier Blas in London: May 17, 2013 5:48 pm In simultaneous raids this week on the offices of the oil majors BP, Royal Dutch Shell and Statoil of Norway, and Platts, a leading price reporting agency that helps set energy benchmark prices, the European Commission has fired the starting [...]

Documents seen by The IoS support claims energy giant enlisted help of country’s military government By Andy Rowell Sunday 14 June 2009 Serious questions over Shell Oil’s alleged involvement in human rights abuses in Nigeria emerged last night after confidential internal documents and court statements revealed how the energy giant enlisted the help of the [...]

Selection of Shell related article links kindly provided by a regular contributor If ‘everyone knew’ the oil market was open to rigging, why did no one …The Guardian-It is worth spelling out that manipulation of the oil market, which could … Statoil, BP and Shell are not just petrol providers – they are major gas … European probe into oil price-fixing widens to Finland: Marketplace.org-May 17, 2013: [...]

Top petrol chiefs held talks once a year: The whistleblower claimed the office was swept for bugs before the talks, lasting nearly two hours. He added: “The security around their meetings was incredible. There was lock-down. The whole floor was a no-go area for anyone else. “It was just the two of them — the [...]

  Royal Dutch Shell lobbied against proposed European rules designed to clamp down on commodity market abuse, arguing they would raise costs for consumers and increase market volatility. Shell argued strongly against elements of EC reforms to “strengthen the fight against market abuse across commodity and related derivative markets”.   By Emily Gosden: 10:00PM BST [...]

The Sun newspaper alleges Shell boss Jeroen van der Veer secretly met Lord Browne of BP once a year to discuss oil prices. Perfectly matched pair to engage in some jiggery-pokery. By John Donovan The Sun newspaper alleges Shell boss Jeroen van der Veer secretly met Lord Browne of BP once a year to discuss [...]