LAGOS, April 6 (Reuters) - Nigerian gunmen kidnapped a British oil services worker and shot dead one of his police escorts in Port Harcourt late on Sunday, one of a spate of weekend attacks in the oil hub of Africa's biggest producer.
April 6th, 2009:
Nigerian gunmen kill policeman, kidnap Briton
New York trial delayed for Nigerians suing Shell
The oil company faces charges that include human rights violations in Nigeria in connection with the torture and death of Saro-Wiwa and eight other protesters after they were executed by the Nigerian government in 1995. Shell has long denied allegations that it played any role in their deaths.
Unexpected friends
When a consortium called Sakhalin Energy, led by Royal Dutch Shell, announced plans to build an oil platform and lay pipelines in the only bay where the whales were known to congregate, these protests proliferated.
Shell Pension Fund Smoke & Mirrors
EXTRACT FROM EMAIL RECEIVED FROM JONATHAN MORT, LEGAL ADVISOR (AND MANAGER?), SHELL SOUTH AFRICA PENSION FUND: It is apparently my draft response (per the email of 15 February 2009) to Mr Purchase (on 18 February 2009) which has driven you to the conclusions of conspiracies, collaborations and unethical conduct so liberally sprinkled through your article. The truth is more mundane, entirely proper, and (sadly for your website) considerably less newsworthy than the spectacular claims made in your draft article.
Shell’s record shows protecting environment a top priority (says Shell)
The best practices and technology we bring to our offshore work make Shell a preferred operator around the world.
Shell cut to neutral by Merrill Lynch
LONDON (MarketWatch) — Royal Dutch Shell
was downgraded to neutral from buy at Merrill Lynch, with the broker citing less confidence around the group’s ability to grow production. It’s confident in Shell’s ability to sustain its dividend due to the broker’s broader view on oil prices, but it sees a less compelling valuation at least relative to peers. Shell’s price target was cut to 1,650 pence from 1,850 pence.
Australia gas decision nears
Chevron's huge Gorgon liquefied natural gas project off the coast of western Australia is set to be given the go-ahead in the coming months, establishing the project as one of the world's biggest energy ventures. Chevron will operate Gorgon and has a 50 per cent stake in the venture, with 25 per cent held by ExxonMobil and Royal Dutch Shell.
Queensland May Export 20 Million Tons a Year of LNG, Bow Says
Royal Dutch Shell Plc, which said in February it is studying a site near Gladstone in the northeastern state for a potential LNG project, may produce 9 million tons a year from its plant, using three processing units, De Stefani said. Its too early to comment on the capacity of Shells potential project, said Claire Wilkinson, a Perth-based spokeswoman for the companys Australian unit.
Global Earnings Freefall May Slow After Throwaway Quarter
Profit at Royal Dutch Shell Plc, Europes largest oil company, and BP Plc, its U.K. rival, may have plunged more than 50 percent last quarter, according to Bloomberg estimates.
BG chief becomes one of UK’s best-paid bosses with £11m deal
Chapman's pay award easily eclipses Tony Hayward at BP and Royal Dutch Shell's outgoing chief executive, Jeroen van der Veer, who have endured difficult years.
BP, Total Tell Suppliers to Cut Costs Up to 40% Amid $50 Oil
April 6 (Bloomberg) -- BP Plc, Total SA and Royal Dutch Shell Plc are asking oilfield service companies to cut project costs by up to 40 percent as the industry battles its worst slump since the mid-1970s.