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Posts on ‘July 9th, 2010’

FORTUNE GLOBAL 500 RANKING BY REVENUE WORLD’S LARGEST CORPORATIONS: 2010

Number 1: Wal-Mart Stores

Number 2: Royal Dutch Shell

Number 3: Exxon Mobil

Number 4: BP

Number 5: Toyota Motor

RANKINGS FOR FIRST 100

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: The non-executive directors failed to use their critical judgment

Daily Telegraph

By Norman Tebbit July 9th, 2010

In its Business News (July 7) the Telegraph questioned how well the four BP non-executive directors required to oversee safety, ethical and enviromental matters had discharged their responsibilities. At around £100,000 a year they are not badly paid. They should have been alert to the dangers of a lack of operational experience not only of their executive colleagues, but further down the line, among those more immediately assessing the quality of sub-contractors’ operations. 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.

Federal court rejects drilling moratorium

AlaskaDispatch

A Federal appeals court has refused to restore a moratorium on offshore drilling as requested by the Obama administration.

The AP is reporting that a three-judge panel of the 5th U.S. Circuit Court of Appeals issued the ruling following an afternoon hearing in New Orleans.

While the appeal court’s ruling could open the door to a resumption of drilling in the Gulf of Mexico pending another hearing later this summer, the AP says, the decision likely won’t affect Shell’s Arctic drilling operation, planned for this summer. That’s because the U.S. Interior Department also raised separate concerns about the challenges of operating in — and cleaning up an oil spill — in the Arctic. 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 May Buy A$2 Billion Stake in Santos Project, Review Says

BusinessWeek Logo

By Rebecca Keenan

July 9 (Bloomberg) — Royal Dutch Shell Plc is in talks to buy a A$2 billion stake in Santos Ltd.’s Gladstone liquefied natural gas project in Australia, the Australian Financial Review reported, without saying where it got the information.

Shell may buy between 30 and 35 percent of the project, the newspaper reported. Korea Gas Corp. and China Petroleum & Chemical Corp., also known as Sinopec, are in talks with Santos to sign long-term sales agreements, it said. 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 chief sees some attractive BP assets – CNBC

Thu Jul 8, 2010 8:08pm GMT

NEW YORK July 8 (Reuters) – The head of Royal Dutch Shell’s (RDSa.L: Quote) U.S. arm told CNBC that the company could be interested in some BP Plc (BP.L: Quote)(BP.N: Quote) assets if its peer tried to sell off properties.

“If BP decided to sell assets clearly there are some things that would make sense for our portfolio. But that’s a later decision because of what’s happening now,” Shell Oil Co President Marvin Odum said.

BP, which has been battling the oil spill from a well blowout in the Gulf of Mexico since April, has announced plans to sell $10 billion in assets to help shore up its cash position. 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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