Thursday, April 25, 2013 Mumbai: Global oil major Royal Dutch Shell Thursday said it has moved the Bombay High Court here, challenging the USD 1 billion demand made by the tax authorities on a four-year-old equity infusion. “Shell confirms that it has filed a writ petition in the Bombay High Court challenging the draft tax [...]
Posts Tagged ‘India’
Indian arm of Royal Dutch Shell accused of tax evasion
The Indian arm of Royal Dutch Shell Plc, which has been accused by the income tax authorities of underpricing an intra-group share transfer by Rs15,000 crore and consequently evading taxes, has filed a writ petition in the Bombay high court challenging the income tax order. Thu, Apr 25 2013. 05 57 PM IST Mumbai/ New [...]
Cameron may fly in to Shell India tax row
By Andrew Callus: LONDON | Fri Feb 15, 2013 3:18pm GMT (Reuters) – Oil company Royal Dutch/Shell has asked the British government to raise the subject of a tax dispute with India during Prime Minister David Cameron’s visit there next week, according to a source familiar with the request. The dispute blew up earlier this [...]
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 [...]
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, [...]
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 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 [...]
Royal Dutch Shell Sells Refinery, Other Assets To Essar For $1.3B
MARCH 29, 2011 LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN) Tuesday announced it has signed a sales and purchase agreement for its 270,000 barrel-per-day Stanlow refinery in the U.K. and certain associated local marketing businesses with Essar Oil Ltd. for $1.3 billion. MAIN FACTS: -The proposed sale covers oil products, chemicals manufacturing and access rights [...]
Shell poised to sell Stanlow oil refinery to Indians in £700m deal
By Tom Mcghie Last updated at 10:15 PM on 19th March 2011 Attractive prospects: Stanlow oil refinery in Cheshire has huge storage depots Shell is to sell its Stanlow oil refinery, the second-biggest in Britain, to fledgling Indian energy giant Essar Energy in a deal worth more than £700 million. The refinery on the 1,900-acre [...]
Essar Energy, Shell may sign U.K. refinery pact
Feb. 18, 2011, 2:08 a.m. EST By Eric Yep MUMBAI (MarketWatch) — India’s Essar Energy PLC (ESSR.LN) is likely to sign an initial agreement this week for a possible acquisition of Royal Dutch Shell PLC’s (RDSB.LN) Stanlow refinery in the U.K., a person with direct knowledge of the matter said Friday. London-listed Essar Energy and [...]
Essar Oil to buy Shell UK unit for $350-400 mln – sources
By Indulal P.M. MUMBAI | Thu Feb 17, 2011 11:09am IST (Reuters) – Indian refiner Essar Oil is set to buy Royal Dutch Shell’s Stanlow refinery in the United Kingdom for about $350 million to $400 million, two sources with direct knowledge of the development told Reuters. The two companies have agreed on the terms [...]
Shell Said to Offer Gazprom Assets to Gain LNG Plant Expansion
By Anna Shiryaevskaya – Feb 7, 2011 9:00 PM GMT+0000 Royal Dutch Shell Plc may offer OAO Gazprom assets in Asia in exchange for a deal to expand Russias only liquefied gas export plant, part of talks on a wider global alliance, said people with knowledge of the negotiations. Shell wants to add a third [...]
Essar finalises to buy Shell’s UK refinery for $350 mn
19 Jan, 2011, 03.17PM IST, Darshan Mehta,ET MUMBAI: Essar Oil has finalised the acquisition of Shell’s Stanlow refinery in UK for $350 million dollars, a source close to the deal told ET NOW. The Stanlow refinery is part of the Royal Dutch Shell group with a capacity of 2.37 lk barrels per day. The deal [...]
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