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Posts under ‘The Times’

Russians prepare £1bn grab for UK fuel supplies

The Sunday Times: March 28, 2010 GAZPROM, Russia’s state-owned gas giant, is preparing an audacious bid to become one of the biggest fuel suppliers in Britain. The company is expected to lodge an offer this week for a network of 800 petrol stations and the Lindsey oil refinery at Killingholme, Lincolnshire. The assets have been [...]

Shell to sell petrol stations around the world

March 17, 2010: Robin Pagnamenta Energy Editor Royal Dutch Shell will sell full or part-stakes in as many as 9,000 petrol stations worldwide and cut a further 1,000 jobs as it intensifies its global cost-cutting. The announcement came as Shell appeared to be edging closer to a deal with Arrow Energy to bolster the group’s [...]

More Shell job cuts – 7,000 announced under Voser

March 16, 2010 Comment: cracking Shell Robin Pagnamenta After seven years of year-on-year declines in oil production, Shell’s return to volume growth represents a significant turnaround for the Anglo-Dutch oil giant. For Peter Voser, eight months in to his role as chief executive, it also reflects a new phase in the drive to rebuild the [...]

Shell abandons HQ to decade of development

The company has agreed terms for a ten-year lease with Canary Wharf on 200,000 sq ft of Docklands offices February 24, 2010 A view of the London Eye, located along the Thames River at County Hall, is seen across from the Shell Oil Centre building. Carl Mortished, World Business Editor Staff at Royal Dutch Shell [...]

Trouble on the Russian front as BP offshoot faces loss of big gasfield

TNK-BP and BP declined to comment yesterday on the decision from RosPrirodNadzor, which was reminiscent of the manouvering by Russian agencies that resulted in Shell losing control of its Sakhalin project in the Russian Far East in 2006.

Shell tries to appease investors with caps on pay

The Times February 17, 2010 Robin Pagnamenta and Robert Lindsay Royal Dutch Shell said that it would freeze the salaries of its top directors and reform a generous bonus scheme as the oil giant moved to soothe shareholders’ anger over excessive boardroom pay before its annual meeting. In a letter to investors, Hans Wijers, the [...]

BP risks investor outrage at ‘dirty’ oil deal

TONY HAYWARD, BP’s chief executive, has set the FTSE 100 oil group on a collision course with investors and environmentalists over a blockbuster oil sands deal.

The stove that won’t kill the world’s poor

A company funded by the charitable arm of Royal Dutch Shell, the oil giant, has developed a cheap and efficient stove that it says could save carbon and lives.

Stealthy Shell sales could bag $10bn

PETER VOSER, chief executive of Royal Dutch Shell, is selling $10 billion (£6.4 billion) of assets as part of his drive to revitalise the oil giant.

Shell investigates posting of personal data

The Times February 13, 2010 The leaked list includes the names and telephone numbers of 170,000 staff Robin Pagnamenta, Energy Editor A full-scale investigation was under way last night into a security breach at Royal Dutch Shell as the oil company faced explaining to staff how the personal details of 170,000 employees and contractors had [...]

Confidential Shell database published on web

The database featured a letter that set out criticism of Shell’s activities in Nigeria The Times February 12, 2010 Robin Pagnamenta, Energy Editor Royal Dutch Shell was at the centre of a major security breach last night after the names and telephone numbers of tens of thousands of the oil company’s staff were circulating freely [...]

They couldn’t be sure of Shell

From The Times February 5, 2010 In his fascinating new book about his life and long career at BP, Lord Browne reveals he had talks with Jeroen van der Veer in 2004 about a merger with Shell. The idea was to combine the two companies and to dispose of all BP’s refining and marketing operations. [...]

More job cuts at ailing Royal Dutch Shell

The Sunday Times January 31, 2010 By Danny Fortson PETER VOSER, boss of Royal Dutch Shell, will warn of fresh job cuts this week as he reveals sagging profits at the oil giant. Since taking the top job six months ago Voser has cut 5,000 staff. He warned this weekend that the restructuring “may need [...]

Not much time for Shell to lick BP inflicted wounds

The Times January 14, 2010 Business big shot: Simon Henry, of Royal Dutch Shell Emma Keens After being knocked off the top spot as Europe’s largest oil and gas producer by market capitalisation this week, Shell executives did not get much time to lick their wounds. The Anglo-Dutch company’s shares continued their slide yesterday amid [...]

Three British workers kidnapped in Nigeria

The men were working at the Shell-operated Afam gas and power plant east of Port Harcourt. They work for Netco Dietsmann, a venture between Nigeria’s state-owned National Engineering and Technical Company and the Dutch company Dietsmann.