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Posts on ‘March 18th, 2012’

Brazil to charge Chevron executives over fresh oil leak

Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak of crude.

18 March 2012

Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak of crude.

The executives have been barred from leaving the country until the investigation concludes.

Chevron halted production in Brazil after the new oil leak was found on the seabed off Brazil earlier this week.

The seepage is near a well where there was a major oil spill last November.

A Chevron spokeswoman said the company had no comment on the latest legal moves because it had not been notified of the decision. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

BP and Shell fight over African oil find

Italian search for partner to drill massive field off Mozambique attracts biggest energy players

Mark Leftly: SUNDAY 18 MARCH 2012

BP and Royal Dutch Shell are looking at a $4bn (£2.5bn) stake in a gas field in Mozambique, a sale that would confirm East Africa as the hottest growth area in world energy.

Eni, the Italian oil and gas giant, has claimed that the Area-4 gas find is the biggest in its history, but is looking to sell down its 70 per cent stake to find a partner who can help shoulder the capital expenditure.

There has been a huge surge in interest in the region, and several parties are understood to have flown to Milan to discuss buying a 20 per cent share of the field. Even taking the lower estimates of similar deals in the region, and ignoring the probable premium to work with an established player like Eni, that stake should be worth more than $4bn. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Cash flows and oil spills for Shell’s directors

The CEO of the Royal Dutch Shell oil company Peter Voser earned more than $16.3 million last year amid surging oil prices, though the company was responsible for more than 200 spills last year.

16 March 2012

The CEO of the Royal Dutch Shell oil company Peter Voser earned more than $16.3 million last year amid surging oil prices, though the company was responsible for more than 200 spills last year.

­His remuneration includes $7.11 million salary, bonus as well as a balance from the long-terms incentive scheme. The company revealed Voser’s pay in its annual report saying, though the payment has doubled compared to 2010. It was justified by Shell’s strong operating results and share-price performance in 2011. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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