Workers at Royal Dutch Shell PLC's Stanlow oil refinery joined hundreds of others across the U.K. who have walked off the job in support of strikers at Total SA's Lindsey refinery in Immingham, northern England.
February 4th, 2009:
Talks Continue in Effort to Quell British Strikers
The Wall Street Journal: BP Chief Says Big Mergers Aren’t Answer to Low Price
There has been speculation that Exxon MobilCorp., which built up a huge cash pile last year as oil soared to nearly $150 a barrel, might be considering a bid for a rival like Anglo-Dutch major Royal Dutch Shell PLC or the smaller BG Group PLC.
Kidnappings rise in Nigeria’s oil-producing delta
Gunmen last week shot dead the 11-year-old daughter of a Royal Dutch Shell (RDSa.L) worker and abducted his 9-year-old son as they walked to school.
BP CEO: Mega oil merger not compelling
The logic for a possible mega merger between international oil companies isn't a terribly compelling, BP Plc's Chief Executive Officer Tony Hayward said.
BP sees challenges in spite of record profits
Bernstein Research has calculated that if oil stays at $35 per barrel, only ExxonMobil of the US and Total of France out of the leading international oil companies will be able to cover their investment programmes from their cashflow. BP and Royal Dutch Shell, Europe's biggest oil company, would have to borrow to cover capital spending, and then need more to pay dividends.
Nigeria Oil Union Threatens Strike over Insecurity
Nigeria's senior oil workers' union has threatened an indefinite strike from next Monday unless the government takes urgent steps to improve security in the Niger Delta after a surge in violent crime.
Deal heads off strike at plants
Shell is pleased that it has reached a mutually satisfactory tentative agreement on national bargaining items with the USW for our manufacturing sites, Shell spokesman Stan Mays said in a written statement.
Marathon, BP close out terrible 4Q for oil sector
BP's $3.3 billion loss for the final three months of 2008 was its first quarterly loss in seven years. Last week, its larger European rival, Royal Dutch Shell PLC, posted its first such loss in a decade.
Oil industry cost, job cuts may hit safety, skills
Former Shell employees and labor representatives blamed safety lapses at some Shell facilities in the North Sea, which were highlighted by the safety regulator in recent years, on cost cutting following the low oil prices in the late 1990s.
Green Shell Ads Stress Innovations to Increase Oil Supply
February 4, 2009
LONDON — In a new ad campaign, Royal Dutch Shell is stressing technology and innovation as potential weapons to fight global warming. The ads spotlight Shells efforts to squeeze out “difficult” oil trapped in sand and rock, and in the deepest seas. They also note Shell is trying to capture carbon-dioxide, a gas that causes global warming, and store it safely underground.
In contrast to an earlier campaign, only one ad in the new effort features alternative energy as a potential solution.
RNLI denies Shell donation will compromise service
THE ROYAL National Lifeboat Institution (RNLI) has said that its rescue service would never be compromised by any donation to a fundraising appeal. The RNLI was responding to concerns expressed by a Mayo fisherman this week over the organisations decision to accept a 200,000 donation from Shell EP Ireland, developers of the Corrib gas project.
BP at the crossroads
The multinational oil giants are pouring money into their renewable divisions BP's wind power capacity more than doubled to 432 megawatts in the fourth quarter, for example and oil-rich sovereign wealth funds from Abu Dhabi to Norway are doing the same. But there is a view amongst some in the City that such transformations are best left alone, and that the companies would be better returning capital to shareholders and gradually winding themselves down.
BP’s unhappy marriage to the Russian oligarchy
If it is any consolation, Shell's venture with Gazprom in Sakhalin went even further awry. It is arduous indeed, but it is hard to see a company of the stature and ambition of BP, or Shell for that matter, opting out of the Russian growth story.
Iraq reopens its oil reserves to foreign companies, but few rush in
Foreigners were prime targets in the years of bloodshed unleashed by the 2003 U.S.-led invasion of Iraq, and videos of the beheading of kidnapped Westerners shocked the world.
Flaring up again
Eco Soundings
John Vidal
Wednesday 4 February 2009
Shell has just announced $21bn profits, but people living in the Niger delta are not impressed. The Anglo-Dutch company has just ignored yet another official deadline to stop gas flaring and continues to flare in unimaginably large quantities from thousands of its wells. Apart from being wasteful and polluting, the practice is believed to cost Nigeria about $2.5bn a year in lost revenue and electricity. So is Shell bothered? Last week, it blamed its lack of action on the Nigerian government for not providing security for its workers, but was reported to have claimed that it was committing $3bn to addressing the problem. Seeing as it promised to stop flaring more than four years ago, and has been ordered to stop by the Nigerian courts, no one is holding their breath.
Malcolm Brinded at Buckingham Palace
MALCOLM BRINDED, CHIEF EXEC, SHELL EP
Buckingham Palace
2nd February, 2009
His Royal Highness, Special Representative for International Trade and Investment, received Mr. Malcolm Brinded (Executive Director of Exploration and Production, Shell).
Dividend doubts give concern to BP boss Tony Hayward
Despite all this, BP shares still trade at a big discount to those of Royal Dutch Shell, which must cause Tony Hayward, chief executive, concern.
Iraq oilfields ready for revival
"A foreign oil workers' compound, whether Exxon, BP, Shell or whoever, would be a bull's-eye for an attack," said a senior foreign oil executive who declined to be named because he is not authorised to speak to the media.