At risk for Exxon Mobil and Chevron is money that could be used for acquisitions.
Posts on ‘March 25th, 2009’
Exxon, Chevron Count Every Dollar to Protect $40 Billion Hoard
The Great Game Moves North
The U.S. Ninth Circuit Court, for example, ruled last November that before the Royal Dutch Shell company can move forward with exploratory drilling in the Beaufort Sea north of Alaska -- for which it had already paid the U.S. government billions of dollars in leases -- the U.S. Interior Department needs to further study the environmental impacts of drilling on the sea's bowhead whale population and nearby indigenous communities.
A noose tightens *(no mention of Shell’s key role in Al Yamamah oil for arms scandal)
But the biggest case was always the Al Yamamah probe, which became even more explosive after it emerged that the SFO was investigating allegations that the company had paid more than £1bn to Prince Bandar bin Sultan, the former Saudi ambassador to Washington. Prince Bandar has also always denied wrongdoing. The scrapping of the Saudi case on national security grounds proved a pyrrhic victory for BAE, however, as it triggered a wave of criticism of the company and was followed by the launching of other investigations around the world.
BP, Shell Renewable Invest Cuts Make Business Sense
LONDON (Dow Jones)--BP PLC (BP) and Royal Dutch Shell PLC (RDSB.LN) have angered environmental groups by quietly cutting back their investment in renewable energy, but experts said the move reflects a business reality that is hard to contest.
Shell water rights opponents band together
The entities are among 25 groups that have logged oppositions against the application filed by Shell Frontier Oil and Gas in water court in Steamboat Springs in late December 2008.
BG succeeds in bid for Pure Energy
Rumours have recently been circulating in Australia that either BG or Shell might make a bid for Santos, another company with interests in Queenslands coal bed methane with a market capitalisation of about A$10bn.
Australia is the land of promise for BP and Shell
BP edged down 4p to 471¾p and Shell fell 30p to £15.33 amid talk that both were eyeing a $7 billion (£4.8 billion) bid for Santos, Australias third-largest energy company.
Jeroen van der Veer and Peter Voser received at Buckingham Palace
Buckingham Palace
23rd March, 2009
The Duke of York, Grand Master, Guild of Air Pilots and Air Navigators, this afternoon received Air Commodore R. Peacock-Edwards upon relinquishing his appointment as Master and Rear Admiral Colin Cooke-Priest upon assuming the appointment.
His Royal Highness, Special Representative for International Trade and Investment, received Mr. Jeroen Van de Veer (outgoing Chief Executive of Royal Dutch Shell plc) and Mr. Peter Voser (incoming Chief Executive).
SPD extends Halliburton E&P services in Siberia
LOS ANGELES, Mar. 24 -- Salym Petroleum Development (SPD), a joint venture of Royal Dutch Shell PLC and Sibir Energy, has signed a contract extension with Halliburton for exploration and production services in the Khanty-Mansi autonomous district of western Siberia.