Tag: Royal Dutch Shell

Activists in kayaks on horizon as Shell’s Arctic rig arrives at Washington port

Activists opposed to Arctic drilling are preparing to greet the rig when it makes it to Emerald City, with some threatening a flotilla of kayaks to box the ship in.  More »

Oil CEO wages immune to price slump as shareholders vote on pay

“The only people not hit by the drop in oil price are the CEOs running the companies,” said Gregory Elders, a London-based analyst at Bloomberg Intelligence.  More »

Shell deal brings relief to Dutch companies used to being prey

Ten benchmark Dutch stocks, or just under half the 25 spots that make up the Amsterdam Exchanges Index, have been acquired since 2007, when ABN Amro Holding NV was snapped up for $100 billion by a consortium led by Royal Bank of Scotland Plc.  More »

The CEO of BG just arrived in February, and could walk with $43 million

Lund, who joined BG on Feb. 9 after heading Norway’s Statoil ASA, is entitled to liquidated damages equal to a year’s gross salary and 30 percent of base pay, the Reading, England-based company’s annual report showed.  More »

Shell’s BG deal adds to North Sea job concern after oil collapse

Shell, employing about 2,400 across the North Sea, targets $2.5 billion of pretax “synergies” a year across the globe from the deal, including staff cuts.  More »

Buying BG will ease Shell’s struggles with scandle-plagued Petrobras

With Petrobras engulfed in Brazil’s largest ever corruption scandal, BG and other partners are struggling to communicate with the state-controlled producer’s management to address delays to development plans.  More »

Shell sets $70 billion deal to buy BG Group

Shell said that bringing the two companies together would produce financial gains of about $2.5 billion a year.  More »

Royal Dutch Shell in talks to acquire BG Group

Buying BG would be Shell’s largest acquisition since the $60.3 billion merger of its Dutch and U.K. parent companies in 2005.  More »

Iran riches coveted by Big Oil after decades of conflict

As Iran and the U.S. enter 11th-hour negotiations to reach a nuclear deal and ease sanctions, the Middle Eastern country is emerging again as a potential prize for Western oil companies  More »

Chevron seeks over $3.6 billion for Caltex Australia stake

The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.  More »

Shell cuts staff numbers in North Sea operations

The price of Brent crude, an international variety of oil, dropped about 50 percent last year and the industry is scrambling to figure out how to address the price shock.  More »

Shell sells Nigerian oil lease for $1.7 billion to local company

The divestment is part of Shell’s strategic review of its onshore portfolio in the West African nation and “is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business,” it said in a statement on Wednesday.  More »

How Europe’s oil companies are profiting from the slump

Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total SA are also the world’s biggest oil traders.  More »

Union, Shell negotiators meet Monday

No details were released about the progress of the talks on Monday.  More »

Student teams rev their engines for Shell Eco-marathon in Motor City

The Shell Eco-marathon is moving from Houston to Detroit this year, but the Anglo-Dutch oil major gave six Houston-area teams of college and high school students a send off at city hall Wednesday for competitors looking to create the most fuel-efficient vehicles.  More »
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