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Posts on ‘June 11th, 2010’

Adventures in Shell ‘Matulaland’

Posting on Shell Blog by IT4me on Jun 11th, 2010 at 11:27 am

IT COST SAVING IDEA #317: STOP FIDDLING WITH THE SUPPLY SIDE.

If you’re a CIO and you’re bored, one of the things you might do is to fiddle with the supply side. Changing all your suppliers overnight makes a nice splash in the media and marks you out as a thrusting and dynamic leader.

Thus we learned a few years back that Shell IT now had just 4 ‘Key Application Suppliers’ globally: IBM and WIPRO for the ‘oily rag’ stuff (sourcing mainly from India) plus LOGICA and ACCENTURE to talk persuasively and rack up impressive dry-cleaning bills. They how I understood it, anyway. 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.

Obama is not being anti-British over BP

The British media and commentariat is working itself into a frenzy over President Obama’s attack on BP. The Mayor of London, the patrician Boris Johnson, has said ‘I do think there’s something slightly worrying about the anti-British rhetoric that seems to be permeating from America … when you consider the huge exposure of British pension funds to BP it starts to become a matter of national concern if a great British company is being continually beaten up on the airwaves.” Much of the press comment has been in the same vein – but it is nearly all uninformed, xenophobic and self-righteous. 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 oil spill: BP could be bid target as US woes send shares sliding

Analysts believe BP's crash in value has now made it vulnerable to an approach with PetroChina touted as the most likely bidder. Other would be poachers include Royal Dutch Shell and Exxon Mobil. Both are seen as aggressive and could seize the opportunity to snap-up global oil and gas assets at a knockdown price.

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.

Investors fear no limit to BP damages

Financial Times

By Ed Crooks

Published: June 10 2010 22:15 | Last updated: June 10 2010 22:15

The reason investors have been panicking about BP over the past couple of days is that the US administration has apparently crossed a line in its determination to take action against the company.

When Ken Salazar, the interior secretary, said he would hold BP responsible for the wages of workers on oil rigs who lost their jobs, he raised the prospect that the cost to BP could be limited only by the administration’s restraint. 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.

U.S. Fury at BP Stirs Backlash Among British

LONDON — British investors in BP are growing increasingly frustrated with the White House’s involvement and comments about the company’s efforts to clean up the oil spill in the Gulf of Mexico, and partly blame politicians for the sharp drop in the share price.

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.

The US falls outta love with Big Oil

Daily Telegraph: The Gulf of Mexico was meant to be America’s the new frontier, where oil companies bankrolled a new black gold-rush.

By Rowena Mason
Published: 6:00AM BST 11 Jun 2010

The US falls outta love with Big Oil

This remote, watery landscape is where BP boasts a fifth of all deepwater platforms, a new well as deep as Mount Everest and billions of barrels in oil reserves.

Over the last decade, it has been clear why BP was attracted to spend $115m (£78.2m) a week in the US on finding new prospects. George Bush, a Texan oilman himself, championed the region and gave special exceptions to the ban on US offshore drilling to all the energy majors from Exxon and Chevron to BP and Shell. 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.

Predators circle BP, the stricken British giant

By Sam Fleming
Last updated at 11:25 PM on 10th June 2010

The political firestorm surrounding BP led to a roller-coaster ride for the company’s shares on stock exchanges yesterday.

Rumours the firm could consider bankruptcy protection vied with speculation it had become a bid target.

On Wall Street last night BP’s New York-listed shares staged a 9.5 per cent rebound on talk a rival could pounce. That followed a 16 per cent rout the evening before.

Some investors now see the firm as a tempting target after it lost £55billion of value since the April 20 explosion on the Deepwater Horizon rig in the Gulf of Mexico, which killed 11 workers. 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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