Oil giant Royal Dutch Shell is set to suffer a backlash from shareholders over executive pay, including a £9.4 million package for its boss. Chief executive Peter Voser took home 11.7 million euros last year – more than double the amount he earned in 2010 – after lucrative long-term incentive plans paid out. 20 May [...]
Posts Tagged ‘Oil Prices’
Shell sees profits surge on oil price rise
Oil giant Royal Dutch Shell today revealed that profits rose almost 50 per cent during the first three months of the year as it joined rival BP in benefiting from higher oil prices. The Anglo-Dutch firm reported earnings of $4.9bn (£3.2bn) for the first three months of the year – just one day after BP [...]
Shell Net Little Changed, Projects Offset Lower Output
By Eduard Gismatullin – Apr 26, 2012 7:48 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, reported first-quarter earnings that beat estimates and raised a target for asset sales this year. Excluding one-time items and inventory changes, Shell posted profit of $7.28 billion, compared with the $6.7 billion average estimate of eight [...]
Shell Says Speeding Up Work on Using Flared Iraqi Natural Gas
Royal Dutch Shell Plc (RDSA) said its speeding up work on a project to capture natural gas from oilfields in southern Iraq and that it has signed an initial agreement to develop a petrochemical plant based on ethane. All hands on deck to catch up with time lost after more than a year of negotiations [...]
Showa Shell renews oil deal with Iran
Japan’s Showa Shell cuts Iran oil imports, renews deal-sources By Osamu Tsukimori TOKYO, April 18 (Reuters) – Japan’s top buyer of Iranian crude Showa Shell Sekiyu KK has renewed its annual oil purchase deal with Iran but cut the volume in line with other Japanese refiners to comply with U.S. sanctions, trade sources said on [...]
Skirting sanctions on Iranian crude
By John Donovan Reuters and PennEnergy have reported on the current skullduggery by Iran, which is desperately trying to skirt sanctions by turning off normal electronic tracking and identification devices on Iranian oil tankers. Some of the oil being shipped is no doubt destined for Shell. Trying to avoid the odium of its association with [...]
A Tale of Two Oil Slicks
April 13, 2012 By Alexis Flynn On Thursday, Royal Dutch Shell announced it was investigating a potential leak in the Gulf of Mexico. On the same day, it reported a more than sevenfold increase in the amount of crude spilled over the last year in Nigeria, one of its major host countries. But only one [...]
Royal Dutch Shell PLC says its operational oil spills nearly doubled last year in Nigeria
By Associated Press, Updated: Thursday, April 12, 8:13 PM LAGOS, Nigeria Royal Dutch Shell PLC says the number of its operational oil spills nearly doubled last year. Shell made the statement Thursday in its annual sustainability report, saying it had 63 operational spills in 2011. Thats compared to 32 spills in 2010. Shell blamed them on [...]
US To Approve Shell’s Alaska Oil Spill Response Plan – Interior Secretary
Published March 28, 2012 Dow Jones Newswires WASHINGTON Interior Secretary Ken Salazar said Wednesday the department would approve Royal Dutch Shell’s (RDSA, RDSA.LN) oil-spill response plan for exploratory oil wells in the Beaufort Sea this summer, a move the company called “another major milestone” toward drilling there this summer. Salazar, speaking at a press [...]
Shell Asia fuel oil head quits, 2nd in a year – sources
By Yaw Yan Chong SINGAPORE | Mon Mar 26, 2012 9:48am BST (Reuters) – The team leader of oil major Royal Dutch Shell’s Asia fuel oil trading desk has left the company to join European trader Vitol, the second team leader to do so in a year, industry sources said on Friday. Dominique Laborde resigned [...]
Shell scrambles to pay huge bill for Iran oil
“Shell is working hard to figure out a way to pay NIOC,” said an industry source, who requested anonymity. “It’s very sensitive and very difficult. They want to stay on good terms with Iran, while abiding by sanctions.” By Richard Mably and Peg Mackey LONDON | Sun Mar 25, 2012 11:18am BST (Reuters) – Royal [...]
11,000 Nigerians sue Shell in London Courts today, Friday 23 March 2012
It is hard to believe that Shell would have acted in this way if a spill had occurred in any of their other pipelines on other continents. I have little doubt that in the minds of the Shell executives there is one law for Africa and another law for the rest of the world. By [...]
Plaintiff in suit against Shell dies
Disher’s complaint alleges that Shell has known about the dangers of benzene causing cancer for decades but, despite its knowledge, publicly minimized and hid the dangers. Shell has denied the key allegations in the suit but acknowledges that benzene in certain amounts may be a carcinogen. By SANFORD J. SCHMIDT March 19, 2012 6:57 PM [...]
Brazil to charge Chevron executives over fresh oil leak
Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak of crude. 18 March 2012 Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak [...]
£10.1m is Shell of a pay packet for oil giant’s boss
By STEVE HAWKES, Business Editor Published: Today at 13:41 THE BOSS of SHELL trousered £10.1million last year – and didn’t spend a penny on petrol. The oil giant’s annual report today revealed chief executive Peter Voser made a fortune in bonuses and long-term share awards. Benefits included “company provided transport for home-to-office commuting”. It came [...]


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