A $15-billion energy project in the Russian Arctic has been sunk by soaring costs, falling European demand and cheap shale gas in the United States.
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/ 17 October 2011
The campaign to unseat members of the Murdoch family from their positions has spread to the US, with a recommendation from an influential adviser.
An imminent flotation will shine the spotlight on commodities giant.
Threat of budget cuts tempers report that wind power at one point generated 10% of Britain’s power.
Many hope the arrival of Big Oil will transform their lives. But few consider at what price.
Experts have thrown a spanner in the works, questioning its efficacy in fighting climate change.
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/ 11 January 2010
A judge in the Netherlands has opened the door to a potential avalanche of legal cases against Shell.
Oil giant Shell could help shape post-Kyoto agenda, writes Terry Macalister
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/ 30 September 2008
Oil giant Shell has become the first Western oil company to win significant access to the energy sector in Iraq since the 1970s, in a $4-billion move.
The UN admits that the past half-year was turbulent because of the credit crunch that sent shares reeling and dulled investors’ appetite for risk.
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/ 11 February 2008
Oil giant Shell recorded the biggest annual profits in British corporate history recently at $27,6-billion, causing a storm of protest from trade union leaders and green groups who said the “obscene” profits came at the expense of motorists, pensioners and the environment and suggested it should be met with a windfall tax.
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/ 11 September 2007
Jeroen van der Veer (60), the head of Shell, earned £2,9million last year, the average for FTSE-100 firms and almost a quarter of what was paid to his former business rival, Lord Browne at BP. The relatively modest salary suits the slightly downbeat Dutchman, who is a mile away in style from the garrulous and glitzy Browne.
Employment equity, skills development and management control are vital indicators of broad-based empowerment, but they are also areas of low BEE progress. Equity transfer is still king, though this must change if BEE is going to be broad-based. This has emerged from the two baseline studies into BEE.
Motorists can be expected to pay more for fuel soon as crude prices soared again to nearly $77 a barrel. Turmoil in the international oil markets — due to strong demand, geopolitical instability and a shortage of refining capacity — will put further upward pressure on forecourt prices.
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/ 12 February 2007
A potential £8-billion bid by a trio of private equity houses for British supermarket group J Sainsbury demonstrates just how bold and brave the fast-growing industry has become. If the deal succeeds the supermarket chain would follow United Biscuits, Birds Eye and Pizza Express parent Gondola into private hands.
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/ 27 November 2006
An increasingly adventurous attitude to life in the bedroom by British consumers has led to an 18% surge in sales at Durex, part of SSL International. A series of new sex toys such as a vibrating penis ring, a spaceship-shaped stimulator and "tingle" condoms helped SSL increase first-half group profits by 9,2% to £18,9-million.
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/ 27 October 2006
Shell was at the centre of buyout moves and speculation on Monday after it unveiled plans to spend C$7,7-billion (£3,7-billion) simplifying its North American business. This was seen by some as a step towards a £230-billion mega-merger with BP. The Anglo-Dutch oil group has also had its name linked with Premier Oil.
The United States must shoulder some blame for sky-high oil prices. The world’s biggest user has made no effort to wean itself off cheap petrol and its foreign policy has made matters worse. The other factors include Iraq, Saudi Arabia, speculators, Yukos and Venezuela. Here’s how.