ABUJA (Reuters) - Nigeria signed a $3.1 billion deal with the local arm of Royal Dutch Shell on Monday to plug a funding gap in their joint venture projects, the country's state oil firm NNPC said.
May, 2008:
Nigeria signs $3.1 bln funding deal with Shell
TNK-BP output at risk as shareholders disagree-paper
MOSCOW, May 26 (Reuters) - The chief executive of BP's Russian venture, TNK-BP, has acknowledged for the first time that the Russian and British shareholders disagree on matters, saying it could damage oil production.
Prince Andrew forced to defend decision to sell his palatial English mansion for £3 million above asking price
As part of his role as trade ambassador, Prince Andrew has been involved in brokering energy deals for British companies in Kazakhstan. Labour MP Ian Davidson said the property sale raised questions over whether there were any strings attached.
Exxon again cuts funds for climate change skeptics
Exxon will not contribute to some nine groups in 2008 that it funded in 2007.
Shell Nigeria says some output shut in after attack
LAGOS, May 26 (Reuters) - Royal Dutch Shell said on Monday it had been forced to shut in some production in Nigeria after militants attacked a major oil pipeline in the Niger Delta.
Shell soon to join Samsun-Ceyhan pipeline: sources
ISTANBUL (Reuters) - Royal Dutch Shell Plc is near signing a deal with Turkish Calik Energy and Italian Eni to join work on a oil pipeline between the Black and Mediterranean seas, sources close to the deal said on Monday.
Rebels claim attack on Shell pipeline
Rebels from Nigeria's oil-producing Niger Delta said they had blown up a Royal Dutch Shell pipeline and killed 11 soldiers in a gun battle today, but the army denied losing any men.
Nigeria rebels say attack oil pipeline, army denies
LAGOS (Reuters) - Rebels from Nigeria's oil-producing Niger Delta said on Monday they had attacked a Royal Dutch Shell pipeline and killed 11 soldiers, but the army denied there had been any attack.
We know why Prince Andrew is smiling…
Prince Andrew, the "Playboy Prince" connected with Shell, an oil giant with a long track record of corrupt business practices, has reportedly sold for £15 million ($30 million) the palatial house he received as a wedding gift from his mum, Queen Elizabeth II.
Prince Andrew Shell Connections: Is Airmiles Andy earning his keep at last?
After the Easter weekend, the Prince criss-crossed the country on a chartered jet, meeting the President, pushing Rolls-Royce, BP, Shell and BG Energy, before flying back to UK on a scheduled British Airways flight.
Prince Andrew Shell Connections: Abu Dhabi
HRH Prince Andrew closed the event remarking that there has never been a better time to invest in Abu Dhabi and reflecting on the prominent and vital role that companies like Shell have played in the economic expansion of the UAE.
Prince Andrew Shell Connections: UK Royal visits project linked to death of whales
Prince Andrew, a senior member of the British royal family, may provoke international criticism this week when he visits an oil project which threatens to lead to the extinction of the Western Pacific grey whale, damage environments and destroy fisheries.
Prince Andrew Shell Connections
At the end of the visit, Prince Andrew was also introduced to Shell's efforts to promote youth self-employment in the UAE when he met with a group of UAE nationals who had recently graduated from the Shell Intilaaqah programme, which nurtures the growth of young entrepreneurs.
Qatar Petroleum and Shell open Pearl Village for 35,000 workers
The complex, jointly owned by Qatar Petroleum (QP) and Shell, was inaugurated by Qatar Electricity and Water Companys general manager Fahad Hamad al-Mohannadi. Royal Dutch Shells executive director Linda Cook, diplomats and senior QP and Shell executives were among those present.
Bad gas causes local cars to stall
The Safeway gas station in Maple Valley had gas mixed with water, and company spokeswoman Cherie Myers said the contaminated fuel came about 5 p.m. from a Shell refinery that supplies the gas stations.
Executive pay revolt looms at HSBC
Shareholders have launched several revolts against bonus packages in recent weeks. Royal Dutch Shell and GlaxoSmithKline faced protests last week over high one-off retention bonuses. Meanwhile, the Financial Services Authority said it would take remuneration into consideration when assessing the risk faced by financial institutions.
The globe’s most hydrocarbon-rich region facing prospect of critical shortages of gas
"...so far, no discoveries have been made and this year Total of France pulled out of the project, selling its stake to Royal Dutch Shell and Aramco."
Prince Andrew sells his house to Kazakh tycoon for £3m above asking price
Among the industrialist's projects is a £2.5billion petrochemical plant in one of the oil-rich parts of western Kazakhstan. Prince Andrew, a patron of the British-Kazakh Society, was said to have been in Kazakhstan this weekend enjoying a private holiday.
HSBC to face investor opposition over pay and sub-prime exposure
The UK's biggest bank risks becoming the next major company to face a rebellion over pay policies after the revolts endured by the pharmaceutical company GlaxoSmithKline and the oil group Shell last week.
Prince Andrews office office confirms sale of house for £15m (inclusive of alleged £3m gift/payment/bribe?)
The Kazakh president, Nursultan Nazarbayev, is the other patron of an organisation whose sponsors include Shell...
Claims of insider trading ‘ill-advised’
About 700 former Southern Petroleum shareholders are seeking tens of millions of dollars from oil giant Shell in New Zealand's longest running insider trading case.
Aramco sets global strategy
The reformed board now includes James Kinnear, former Texaco president and CEO, Mark Moody-Stuart, former chairman of Royal Dutch Shell Group...
Slick investors strike riches as they cash in on peak oil
Retail investors have joined a raft of hedge funds and pension funds in making millions of pounds by cashing in on the oil crisis.
Record £13 billion in City bonuses
Mervyn King, the Bank of England Governor, has criticised the City's bonus culture...
$100-plus oil will be here for years as China motors ahead
While the price of oil for delivery now (the so-called "spot price") is at a record high, prices on the futures market - for delivery in several years' time - are even higher.
Oil: A global crisis
The invasion of Iraq by Britain and the US has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone. Goldman Sachs predicted last week that the price could rise to an unprecedented $200 a barrel over the next year, and the world is coming to terms with the idea that the age of cheap oil has ended, with far-reaching repercussions on their activities.
HSBC investors to revolt on pay and strategy
Last week, almost half of Royal Dutch Shell's investors refused to approve its remuneration report because of concern about retention bonuses for three directors, while almost 40 per cent of shareholders in GlaxoSmithKline also abstained or voted against its report for the same reason.
Russia: giant of a new economic world order
Last week, BP's Moscow offices were raided again and both it and Shell have experienced problems with their oil joint ventures there. But, says Shaftan, the key factor is that the regime is both 'stable and predictable'. While not everyone may agree with the way Putin operates or the role of state-controlled resource companies, Shaftan says everyone should know the state of play. 'If you listen and abide by the rules, you are fine.'
Green business boom is set to face trial by economic downturn
There was a nervy response to Shell's decision this month to pull out of the giant London Array wind farm, although the company insisted it was a business decision and not down to dwindling interest in renewable energy.
Fuel Price Protesters
Theres an internet campaign to boycott Big Oil Shell and BP but theres no evidence it is having much effect. The British dont seem to be angry enough.
Retention bonuses
In the past week we have seen Royal Dutch Shell, the oil giant, face down a barrage of investor criticism over the award to three executives of one-off bonuses worth ¤1m (£797,000) to ensure they remain with the company.
Intriguing £3 million gift/bonus for Prince Andrew
Kazakh wealth comes from reserves of oil, gas and minerals. Britain is the third-largest foreign investor, with British Gas, Shell and BP among members of a Caspian Sea consortium exploring the Kashagan field, thought to contain 1.5 times the reserves of the North Sea.
For Exxon Holders, Profit Is Not Enough
Exxon faces a raft of shareholder resolutions aimed at both steering the company toward a greener future and forcing change at the top by appointing an independent chairman.
Tax bills hit Exxon and Shell
Nigeria is demanding Shell and ExxonMobil pay a combined total of almost $2bn (£1bn) in unpaid taxes and revenues after a review of contracts covering huge offshore oilfields signed in the early 1990s.
Bidding War for Expro International
Rising oil prices and depleting reserves at existing fields forced oil companies to seek access to oil in politically fragile locations that are harder and more expensive to reach. Some analysts expect oil companies, like Exxon Mobil, Royal Dutch Shell and Chevron, to increase their spending on exploration this year.
Why big guns back the new Russian revolution
Shell and BP's oil reserves are falling fast, but not so at Gazprom, now the world's third largest stockmarket-quoted company.
Oil price rise makes fools of us all: “apologies to Sir Mark Moody-Stuart for reminding him of this little gem…”.
The key players are no longer the oil majors such as Shell. Resource-rich countries such as Russia, Venezuela and Iran are sufficiently confident to do without their help (or, at least, they demand a bigger slice of the spoils). The balance of power has shifted.
The world’s oceans at risk from rising acidity
A significant increase in the acidity of the Pacific Ocean has been detected by scientists, who believe it could upset the delicate balance of marine ecosystems and lead to their collapse.
Spain’s drought: a glimpse of our future?
Barcelona is a dry city. It is dry in a way that two days of showers can do nothing to alleviate. The Catalan capital's weather can change from one day to the next, but its climate, like that of the whole Mediterranean region, is inexorably warming up and drying out. And in the process this most modern of cities is living through a crisis that offers a disturbing glimpse of metropolitan futures everywhere.
Energy adviser puts forward powerful case for hydrogen
Johnson Matthey estimates that at least £1billion is being spent on hydrogen energy annually by companies including Shell, Rolls-Royce, Ford, BMW and Honda.
Shell may be primed for a Mobil takeover
SPECULATION has surfaced that Exxon Mobil plans to sell Mobil, its Australian oil refinery and marketing business.
Nigeria: Two Militants Killed At Shell Station
The Joint Task Force (JTF) on the Niger Delta were said to have gunned down the men on Thursday when they wanted to attack the flow station belonging to Shell Petroleum Development Company of Nigeria.
Is the world about to be running on empty
As evidence emerges of dwindling oil reserves, the price of crude hits $135 a barrel
Just how high can it go?
A year ago, analysts were talking darkly about the prospect of oil breaching $100 a barrel for the first time. It turns out they were too optimistic. The price of a barrel has hit an unprecedented $135 this week. The recent predictions of a $200 barrel of oil suddenly begin to look rather more plausible.
If $4 Gas Is Bad, Just Wait
Judging from the futures markets, shock at the gas pump is bound to get worse. Maybe much worse.
U.S. environmentally sensitive areas to be sacrificed for oil and gas
Mounting concerns about global energy supply are fueling a drive by the oil industry and some U.S. lawmakers to end longstanding bans on domestic drilling put in place to protect environmentally sensitive areas.
Oil Rises Above $131 After Slide From Record High
The cartel's view seemed shared by the chief executive of Royal Dutch Shell Plc
The Same Old Song on High Gas Prices
Ms. Wasserman Schultz, Democrat of Florida, channeled the rage of every parent in America who has pulled into a gas station recently on the way to ballet lessons or soccer practice, letting loose on the men from Exxon Mobil, Shell, Chevron, ConocoPhillips andBP America.
Over a barrel: industry players predict future price movements
His latest prediction is for prices to hit $200 per barrel within two years because supplies will be unable to meet soaring global demand.
Australia has cheap fuel – Shell
The oil giant says Australians have the world's fourth cheap fuel prices, behind Mexico, United States and Canada.