Dec. 18 (Bloomberg) -- Petroleo Brasileiro SA, Royal Dutch Shell Plc and Galp Energia SGPS SA were among the biggest winners at Brazils 10th-annual oil-rights auction today.
December 18th, 2008:
Petrobras, Shell Win Onshore Blocks in Brazil Auction
Shell Expands LNG Import Capacity in India
Dec. 18 (Bloomberg) -- Petronet LNG Ltd. and Royal Dutch Shell Plc are expanding liquefied natural gas import capacity in India even as the global recession cuts demand and prices of the fuel decline.
Venezuela to Cut Chevron, BP, Shell Output for OPEC
Venezuela, a founding member of the Organization of Petroleum Exporting Countries, will cut output at joint ventures with Chevron Corp., BP Plc and Royal Dutch Shell Plc to help restrain oil supply and bolster prices.
Brazil to Auction Oil Blocks as Offshore Rules Face Revisions
Almost 50 companies have qualified to take part in the two- day auction. Seventeen international companies include U.S.-based Exxon Mobil Corp. and Hess Corp., Royal Dutch Shell Plc, the U.K.s BP Plc, and Galp Energia SGPS SA of Portugal. The 30 participating Brazilian companies include Petroleo Brasileiro SA, Brazils state-controlled oil company, and OGX Petroleo e Gas Participacoes SA.
Sakhalin Energy CEO to keep post in 2009 – Gazprom
A contract with the chief executive of Sakhalin Energy, the operator of the Sakhalin II oil and gas project off Russia's Pacific Coast, has been extended for 2009, a Gazprom executive said Thursday.
Survey: Shell most women-friendly employer, but government best
Women who are career-minded should only seek employment with Royal Dutch Shell...
Madoff: The Pain Runs Deep
There are plenty of corporate victims in the alleged fraud, including HSBC Holdings (HBC), Banco Santander (STD), BNP Paribas (BNPP.PA), Royal Bank of Scotland Group (RBS), and the Dutch pension fund of Royal Dutch Shell (RDSA).
AN OPEN LETTER TO ALL NEW ZEALANDERS FROM SHELL NEW ZEALAND LIMITED
18 December 2008
ANOPENLETTERTOALLNEWZEALANDERS FROMSHELLNEWZEALANDLIMITED
InMay2006,ShellNewZealandintroducedFuelEconomyFormulatoShellservicestationsthroughoutthe country.Shellhasmorethan100yearsofexperiencedevelopingthetechnologyandservicesthatmakeita leadingproviderofinnovativenewfuelstoday,includingtheFuelEconomyFormula.
Shellis justly proudofitsachievementindesigninganddevelopingtheFuelEconomyFormula.Whenthe fuelwasintroduced,ShellcommencedanadvertisingcampaignthatstatedFuelEconomyFormula was “designedtotokeyoufurther”.
Shell OAPs are latest victims of disgraced billionaire Madoff
Pensioners from oil giant Shell have emerged as the latest victims of disgraced financier Bernard Madoff.
Dutch Shell Pension Fund asset value slumps from $27.13 bn to $11.6 bn in just 11 months
Other companies to have been hit include oil major Royal Dutch Shell PLC, which said last week that its Dutch pension fund had slumped from a 180% funding position to just 85% in the past eleven months. The Dutch fund had assets of 19.2 billion ($27.13 billion) at the end of December last year, but said in a statement on Friday that this figure has tumbled 40% since then to about 11.6 billion.
Madoff fraud victims include Royal Dutch Shell, the energy group
FT: Royal Dutch Shell, the energy group, revealed that its pension fund was exposed to Mr Madoff.
Madoff house arrest ordered as European banks and Royal Dutch Shell reel
In Europe, the Dutch pension fund of Royal Dutch Shell said it had a $45 million exposure.
UK investor confidence hit by fraud allegations: Royal Dutch Shell admits $45 million exposure
The pension fund operated by the Netherlands branch of Royal Dutch Shell said that it had a $45 million exposure to the alleged fraud. The fund, which manages the retirement savings of thousands of Shell workers, is in deficit.
Shell fights Commerce Commission action
Petrol company Shell has revealed it is facing Commerce Commission action under the Fair Trading Act over a product the company said improves fuel economy.
Global economic gloom outweighs OPEC and Fed cuts
Adding to the sense of financial mayhem was more fallout from the alleged $50 billion (32 billion pounds) fraud by U.S. financier Bernard Madoff. As he was put under house arrest, another European bank, BNP Paribas, posted losses connected to the scandal, sending European stocks lower. The Dutch pension fund of Royal Dutch Shell Plc said it had $45 million exposure...