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Posts on ‘June 9th, 2010’

Shell to relocate half of its HQ staff to Canary Wharf

Daily Telegraph: Royal Dutch Shell has agreed a deal to move from its landmark UK headquarters on London’s South Bank to Canary Wharf.

By Graham Ruddick
Published: 9:48PM BST 09 Jun 2010

Canary Wharf Photo: AFP/Getty

The arrangement makes Shell the latest in a collection of the world’s largest companies to relocate offices to the Docklands estate.

Shell plans to redevelop the Shell Centre on the South Bank and has a signed a 15-year deal to move to Canary Wharf into offices previously occupied by Barclays. The oil major will take 10 floors, with the option for a further two, covering 187,000 sq ft.

James Smith, chairman of Shell UK, stressed that the Shell Centre was “our home in London” but added: “The site is an exceptional location in one of the world’s great cities. We want to redevelop it to its full, modern potential in keeping with the continuing development of London’s South Bank.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP shares plunge as U.S. threatens new penalties

REUTERS
WASHINGTON
Wed Jun 9, 2010 6:11pm EDT

(Reuters) – British energy giant BP Plc’s stock price plunged to a 14-year low in U.S. trading on Wednesday as the Obama administration threatened to impose new penalties on it over the worst oil spill in U.S. history.

Turning up the heat on the beleaguered company, a senior U.S. Justice Department official said after the markets closed that the department was “planning to take action” to ensure BP had enough money on hand to cover damages from the Gulf of Mexico spill. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell buys stake in US biotech startup Virent

BusinessWeek Logo

The Associated Press June 8, 2010, 11:51AM ET

AMSTERDAM

Royal Dutch Shell PLC said Tuesday it has purchased a stake in U.S. biotech startup Virent Energy Systems Inc., a company that turns plant sugars into fuel closely resembling gasoline.

Shell declined to disclose terms of the deal. It will receive a seat on the board of directors of Virent, based in Madison, Wisconsin.

Virent, with around 70 employees, has previously received $10 million (euro6.4 million) in U.S. government aid and $40 million ((euro25.5 million) in venture capital backing. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Feds knew of Gulf spill risks in 2000, document shows

The Miami Herald Posted on Tue, Jun. 08, 2010

By SHASHANK BENGALI
McClatchy Newspapers

A decade ago, U.S. government regulators warned that a major deepwater oil spill could start with a fire on a drilling rig, prove hard to stop and cause extensive damage to fish eggs and wetlands because there were few good ways to capture oil underwater.

The disaster scenario – contained in a May 2000 offshore drilling plan for the Shell oil company that McClatchy Newspapers has obtained – is now a grim reality in the Gulf of Mexico. Less predictably, perhaps, the author of the document was the Interior Department’s Minerals Management Service, the regulatory agency that’s come under withering criticism in the wake of the BP spill for being too cozy with industries it was supposed to be regulating. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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