Aberdeen City Council leader calls Shell job cuts “significant blow”
Aberdeen City Council's leader said a decision by Shell to cut 475 North Sea jobs will be a "significant blow" to the region's economy.
Shell
Shell’s suspension of CHC flights moves into 20th day
Oil major Shell is continuing with its temporary suspension of all CHC passenger flights for its North Sea operations in Norway.
Updated: Shell to cut an additional 2,200 jobs, 475 North Sea
Shell today confirmed it would cut an additional 2,200 global jobs.
Militants likely to maintain assaults on Nigerian oil targets say analysts
Attacks on oil infrastructure will continue at least in the short to medium term, resulting in depressed oil output over much of 2016, according to analysts.
Royal Dutch Shell shareholders approve chief executive’s £4.3million pay
Shareholders in Royal Dutch Shell have voted overwhelmingly in favour of chief executive Ben van Beurden’s £4.3million pay packet at the oil giant’s annual general meeting.
Dutch pension fund criticises Shell
Dutch pension fund PGGM criticised oil major Shell ahead of its annual meeting.
Shell and Exxon most exposed to Nigerian violence
Oil majors Shell and Exxon are the international oil companies most exposed to the explosion of violence in the Niger River delta that has cut Nigeria’s output and fueled a rally in global crude prices, according to Rystad Energy.
Oil majors look at green options to bolster balance sheets
Europe's biggest oil companies, reeling from losing billions in the two-year oil market rout, are intensifying their push into renewable energy as they hunt for new sources of future revenue.
Top chief executive salaries should be slashed says investor group
Salaries of FTSE 100 chief executives are “too high” and should be slashed by more than half, according to shareholder advisory group ShareSoc.
Oil gains as US output continues to decline
Oil headed for a second weekly advance as U.S. crude production continued to decline and wildfires in Canada expanded.
BP said to be planning sale of stake in Forties pipeline
BP is considering the sale of a minority stake in the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea, according to sources close to the matter.
Shell said to start talks with buyers for North Sea asset sales
Royal Dutch Shell Plc is in talks with potential buyers for some North Sea assets, mostly fields itgot this year as part of the record acquisition of BG Group Plc, according to people familiar with the matter.
Wood Group considers revisions to Shell contract proposals
Wood Group has said it is considering revisions to the terms and conditions proposed for employees working on Shell platforms in the North Sea.
Shell faces opposition on CEO’s pay as bonus seen as excessive
Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”
Houma woman to stage protest at Shell AGM
A representative of the native American Houma Nation Council will attend Shell’s annual general meeting next week to call on the board and investors to put an end to new offshore leases in the Gulf of Mexico.
Shell concludes skimming operations at scene of Gulf oil spil
Shell and the US Coast Guard have agreed to conclude skimming operations in their joint response to oil spill at the Glider field in the Gulf of Mexico.
Shell begins work to clean up oil spill
Shell has launched a recovery operation after 2,000 barrels of oil spilled into the Gulf of Mexico.
San Leon looks to raise $200million for “transformational” Nigerian asset
San Leon Energy is aiming to raise at least $200million through a share placing priced at a significant premium in order to fund the acquisition of an indirect interest in a producing oilfield in Nigeria.
Avengers threaten oil companies to leave Niger Delta – or suffer the consequences
Radical militant group the Niger Delta Avengers has warned it will step up attacks unless oil firms left the region within two weeks.
Shell shuts in wells after Gulf of Mexico oil spill
A 2,100-barrel oil spill in the US Gulf of Mexico forced Shell to shut in all wells that flow to its Brutus platform.
Shell pulls out of all but one Arctic lease
Oil major Shell has reportedly given up on all but one of its offshore leases in the Chukchi Sea, less than a year after it ditched Arctic drilling plans.
Nigeria oil output drops further as leak compounds security woes
At least a fifth of Nigerian oil production, equivalent to almost 400,000 barrels a day, has been shut down as a pipeline closure added to disruptions caused by militant attacks.
Nigeria oil union says Shell, Chevron workers evacuated
Oil producers are evacuating workers from the Niger Delta because of the deteriorating security situation in Nigeria’s most-important oil producing region, a union official said.
Militant attacks target Shell assets
Militants are increasingly targeting oil facilities in Nigeria with both Chevron and Shell assets coming under attack in recent days.
Unions meet with Wood Group over pay offer
Union representatives have met Wood Group to discuss the proposed changes to pay and conditions proposed by the company last month.