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Posts on ‘March 15th, 2011’

Pay Bonanza for Shell Fat Cats

Shell Peter Voser In the money: chief executive Peter Voser

Big bonuses back at Shell as it declares 12% output jump

Lucy Tobin Lucy Tobin
15 Mar 2011

Just two years after Shell faced one of the biggest rebellions ever seen over pay at a FTSE 100 company, the oil major today rewarded chief executive Peter Voser with a 19% increase in his pay packet.

Last year, the oil giant froze its executive pay-outs in response to investors in 2009 voting down its plans to award millions of pounds of shares to bosses despite missing performance targets.

Today, however, in its annual report, Shell said that last year Voser was rewarded with a 19% jump in remuneration, with his €1.5 million (£1.3 million) salary being supplemented with a €3.75 million bonus. That took his total pay to €5.25 million, up from €4.4 million the previous year. 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 sets new oil production target

Reuters Africa

* Sets output target to be 12 pct higher in 2014 than 2010

* Sees 2011-2014 net capital investment of $100 billion

* Targets $1 bln in downstream cost reductions in 2011-12

* Shares down 1.5 pct, sector index down 3.4 pct

Tue Mar 15, 2011 10:18am GMT

By Greg Roumeliotis and Alex Lawler

AMSTERDAM/LONDON, March 15 (Reuters) – Royal Dutch Shell (RDSa.L: Quote) aims to produce 12 percent more oil by 2014 than it did last year, one of the highest growth rates in the industry, and will cut more costs at its refining business, it said on Tuesday.

The Anglo-Dutch group said it will be producing 3.7 million barrels of oil equivalent (boe) per day in 2014 after spending over $100 billion in net capital investment in 2011-14, despite the current volatility in oil prices. 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.

Royal Dutch Shell On Track To Deliver Strategic Targets By 2012

MARCH 15, 2011

LONDON (Dow Jones)–Oil giant Royal Dutch Shell PLC (RDSA) said Tuesday it is on track to deliver its strategic targets by 2012, namely for a 50-80% increase in cashflow from operations 2009-2012, in $60-$80 oil price and improved Downstream and natural gas environment.

MAIN FACTS:

-For the next wave of growth, to 2020 Shell has have over 30 new projects on the drawing board which will generate new options for the medium term, for the integrated energy company of the future. 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.

Karoo Fracking: Internal Shell communication

Shell SA Country Chairman and CEO Bonang Mohale’s internal communications message to his staff.

“Dear colleagues,

It is widely recognised that natural gas has a critical and positive role to play in meeting South Africa’s and the world’s growing demand for energy.

If successfully developed, natural gas could help to provide the country with a stable, alternative energy source for power generation that is 40% more energy-efficient and emits 50-70% less CO2 than coal.

During a recent first round of public consultations for our proposed Karoo gas exploration project, interested and affected parties were invited to submit comments, questions and concerns to the independent environmental consultant Golder Associates. 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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