Greece's Competition Commission says it has fined the local units of oil giants BP PLC and Royal Dutch Shell PLC a total of nearly euro50 million ($64 million) for allegedly cooperating on pricing practices.
Posts on ‘November 25th, 2008’
Shell fined $25.19 million for price fixing
Greece fines BP, Shell for price-fixing
ATHENS: Greece's state competition watchdog has fined British energy giant BP and Anglo-Dutch counterpart Royal Dutch Shell nearly 50 million euros (US$63 million) for price-fixing, the body said on Tuesday.
Iraq lawmakers say will challenge Shell gas deal
Iraq's parliamentary oil and gas committee accused the Oil Ministry on Tuesday of handing a monopoly on Iraq's southern gas fields to Royal Dutch Shell, and vowed to challenge a contract signed with the firm.
Shell Signs Up to Join Australias Global Carbon Capture Body
Royal Dutch Shell Plc, Europes biggest oil company, will become a founding member of Australias A$100 million ($64 million) carbon capture and storage institute aimed at speeding low-emissions power output.
RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF USA
Professor Igor Panarin said in an interview with the respected daily IZVESTIA published on Monday: "The dollar is not secured by anything. The country's foreign debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998, when I first made my prediction, it had exceeded $2 trillion. Now it is more than 11 trillion. This is a pyramid that can only collapse."
Is Britain going bankrupt?
The cost of insuring against the bankruptcy of the British state has broken out - upwards - over the last month.
Iraqi lawmaker criticizes Shell deal
BAGHDAD (AP) An Iraqi lawmaker has accused the Oil Ministry of a lack of transparency when it signed a preliminary deal with Royal Dutch Shell PLC to tap natural gas in southern Iraq.
Oil and gas sector welcomes North Sea relief
A tax break from next year for North Sea oil and gas companies was welcomed by the industry on Monday as a chance to stimulate investment, hit by falling oil prices, high costs and a shortage of finance.
Oil groups expect $40 barrel
When most of the oil companies budgeted their projects, they were using $70, $80, even $100 a barrel for their cash flow calculations, he said. For those projects that have started, certainly they will try to complete them, but for those projects that have not started yet they will delay or cancel.
PetroChina Doubles LNG Purchases in Accord With Shell (Update1)
Nov. 25 (Bloomberg) -- PetroChina Co., the nation's largest oil company, doubled the volume of liquefied natural gas it will buy from Royal Dutch Shell Plc in an agreement to supply terminals being built along China's eastern coast.
Shell scores low in “The Good Companies Guide”
Of the 350 companies in the FTSE350 index I suspect that Royal Dutch Shell probably spends more on corporate advertising than most. Over the past few years there was been a steady stream of advertising messages which seek to persuade, in particular, that Shell is driven to a large extent by its commitment to Corporate Social Responsibility (CSR). However the result of the recent study by the (London) Observer newspaper together with Co-operative Asset Management shows that the rhetoric in no way matches the reality.
Shell starts gas exploration in Skåne
The UK-Dutch company has begun using mineral exploitation licenses in two areas of Skåne Colonussänkan, stretching across the county from southeast to northwest, and Höllvikengraven in the far southwest close to Malmö and Trelleborg.
Oil, gas industry acts to cut pollution in Wyoming
Jim Sewell, staff environmental engineer with Shell, said he knows of no other field in the United States where the emissions control systems are being used on land drilling rigs.