Still, some prospects received large bids in this year's sale: a subsidiary of Royal Dutch Shell put up $65.6 million, the highest single bid on a tract.
March 18th, 2009:
With energy prices low, offshore bids cut by more than half
As Shell Raises Dividend, Future Gets Hazy
It's not only BP that is vulnerable. Standard & Poor's has warned that all the European supermajors -- BP, Shell, Total SA and ENI SpA -- could face ratings downgrades this year or next if oil's price doesn't recover.
Shell shapes $32bn production boost
Of the five "supermajor" international oil companies, Royal Dutch Shell has the worst production profile of the decade, with 2009 marking its sixth successive year of decline.
Shell pay packages defy poor stock performance
Royal Dutch Shell's senior executives were paid sharply higher remuneration last year, although performance in terms of shareholder returns was the worst of all big western oil companies.
Shell: positive news on the dividend is a reason to hold the shares
Questor attended Shell's strategy presentation on Tuesday and the messages were generally positive, especially for dividend seekers.
Shell says faces $8.3 bln pension hole
In December, Shell's Dutch pension fund told members it had fallen into deficit after share market turmoil knocked 40 percent off its value
Investment Column: Shell’s dividend hike oils the wheels for income seekers
True, while Shell's investors should be concerned about what the chief executive, Jeroen van der Veer, calls "testing times in the oil and gas industry", they should note that despite the price of oil falling by about $100 a barrel in the last eight months or so, Shell's shares have outperformed the rest of the FTSE 100.
Tempus: Shell should ride out rough seas under its new Swiss captain
Happily for Mr Voser who narrowly escaped being tarnished by the 2004 scandal over Shells misreporting of reserves he will, when he takes over this summer from Jeroen van der Veer, inherit a business in much better shape than many of its rival oil supermajors
Shell Reports $8.3 Billion Pension Deficit, Plans Payments
March 18 (Bloomberg) -- Royal Dutch Shell Plc reported an $8.3 billion pension plan deficit for 2008 and expects to make significant cash contributions to pensions in addition to the regular annual contribution of between $1 billion and $2 billion.
Shell Lagged Behind BP in Replacing Reserves in 2008
March 17 (Bloomberg) -- Royal Dutch Shell Plc, Europes biggest oil company by market value, failed to match all of last years oil and gas production with new discoveries, in contrast to smaller rival BP Plc.
Shell warns of US probe into corruption claims
Royal Dutch Shell, the Anglo-Dutch oil and gas giant was yesterday forced to warn shareholders about an ongoing investigation by US authorities over allegations that bribes were paid to Nigerian customs officials on behalf of the company.
UPDATE: Shell: Co Still Under Investigation By US DOJ, SEC
Panalpina said then that it was conducting an internal investigation and had been asked to provide documents to the Justice Department relating to services in Nigeria, Kazakhstan and Saudi Arabia for "a limited number of customers." In March 2008, Panalpina said an internal investigation indeed found indications of wrongdoing in the past at its Nigerian oil and gas service operations, and moved to extract itself from these.
Anger as Shell reduces renewables investment
John Sauven, the executive director of Greenpeace UK, said that Shell had rejoined the ranks of the dirtiest, most regressive corporations in the world ... After years of proclaiming their commitment to clean power, they're now pulling out of the technologies we need to see scaled up if we're to slash emissions.