Shell's contribution to the fund has risen from 5% to 23.6% and the employee contribution has risen from 2% to 8% of salaries, the company said in an update posted on its Web site Saturday. The increased payments should bring the pension's funding ratio to 105% within three years and 127% by 2023, the company said.
April 27th, 2009:
Shell Pensions 80% Funded, Contributions Raised To Fill Gap
Dissident Irish Terrorists attack Shell Corrib Gas Pipeline project
Dissidents blamed for Shell plant break-in
Republicans ‘using gas pipeline protest as a recruiting ground’
Monday, 27 April 2009
Dissident republicans linked to the groups which carried out the murders of two soldiers and a policeman in Northern Ireland last month were responsible for the break-in and criminal damage of the Shell gas plant in Mayo last week.
The group of around 18 men wearing black balaclavas threatened and struck one of the two security guards on duty with an iron bar before causing damage costing thousands of euro in what Garda sources described as a “military-style” operation.
Shell Settles with Texas Environmental Groups
NEW YORK — Shell Oil Co. agreed to pay a $5.8 million penalty and cut greenhouse gas emissions at a Gulf Coast refinery as part of a settlement with Texas environmental groups who filed suit against it early last year, The Associated Press reported.
The agreement, which must still be approved by a federal judge, would cut greenhouse gas emissions at Shells Deer Park, Texas, refinery and chemical plant by 750,000 pounds a year for the next three years. In addition, monitoring of air quality would be improved, according to the Sierra Club and Environment Texas groups.
Energy Development in Iraq Faces Political Obstacles, but Could Prove a Boon for China
The company thats currently adrift in the choppy waters of Iraqs political scene is Royal Dutch Shell PLC (RDS.A, RDS.B). Shell signed a $4 billion deal with Iraqs oil ministery that gave it the rights to process and market natural gas from the countrys southern Basra province.
Persia to the North Sea, and after
In the 1910s, ExxonMobils ancestor Standard Oil of New Jersey was the worlds biggest oil company, with Shell second; that is still the position among the western companies today.
Shell plans Alaska drilling program despite court ruling
In the Beaufort Sea, Shell would pick alternative prospects to those the company planned to drill in 2007 and 2008, and which are now subject to litigation and an injunction ordered by the U.S. 9th Circuit Court of Appeals in San Francisco.
Searching for Deeper Pockets
Energy giant Royal Dutch Shell PLC committed to invest more in Redwood City, Calif.-based Codexis Inc., which is developing enzymes that rapidly turn plants into fuel.
Oil Companies’ Profits Likely to Drop Sharply
On successive days, beginning Tuesday, BP PLC, Royal Dutch Shell PLC, Exxon Mobil Corp. and Chevron Corp. will report results for what is expected to be the worst quarter for these profit machines in many years
Shell, BP Earnings May Drop Most in Five Years on Oil Price
April 27 (Bloomberg) -- Royal Dutch Shell Plc and BP Plc, Europes largest oil companies, may post the biggest drop in quarterly earnings in at least five years after the recession dragged down crude prices.
MICHAEL DWYER’S SECURITY CONTACTS: International armed and unarmed security provided by Shell agent in Ireland
IRM has also been involved in the security for Shell's operations in Mayo and has provoked a rash of complaints from Shell-to-Sea protesters and locals for alleged non-compliance with regulations of the Private Security Authority (PSA).