May 25, 2016 08:01 PM IST
Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
- May 17, 2016 07:28 AM IST
Nitin Prasad is currently the cluster general manager for lubricants sales and marketing for India, Sri Lanka and Bangladesh. He will take charge from October 1, the company said in a statement.
- May 04, 2016 12:09 PM IST
In its first earnings results since its February 15 USD 54 billion acquisition of BG Group, the Anglo-Dutch company reported current cost of supplies (CCS) earnings excluding identified items, the company's definition of net income, of USD 1.55 billion, compared with analysts' expectations of USD 1.04 billion.
- Feb 04, 2016 08:01 PM IST
Shell is reducing investment, cutting nearly 10,000 jobs and selling assets to cope with the downturn.
- Jan 28, 2016 09:11 AM IST
BG shareholders are also expected to approve one of the biggest deals in the energy sector in the past decade at a meeting on Thursday, a vote that would allow the two oil and gas companies to merge on February 15.
- Dec 14, 2015 03:16 PM IST
The combination will transform Shell into the world's top liquefied natural gas (LNG) trader and a major offshore oil producer focused on Brazil's rapidly-developing sub-salt oil basin that would rival Exxon Mobil's position as the world‘s biggest international oil company.
- Nov 20, 2015 10:32 AM IST
"BG Group plc confirms that the recommended cash and share offer for the company to be made by Royal Dutch Shell has received unconditional merger clearance from the Australian Competition and Consumer Commission," a BG statement said.
- Sep 28, 2015 03:50 PM IST
The Anglo-Dutch energy giant said in a statement that its Burger J well in the Chukchi Sea, off the northwest coast of Alaska, did not warrant further exploration, adding it would now stop its activities in Alaskan waters.
- Sep 03, 2015 03:11 PM IST
A decision on the Mangalore site, which has total capacity of around 11 million barrels of oil, depends on Shell winning relief from local sales tax, the sources said, while commissioning has been pushed back by two months to December.
- Sep 03, 2015 12:14 PM IST
The European Commission said the transaction would not grant Shell market power in oil and gas exploration, the liquefaction of gas and the wholesale supply of liquefied natural gas (LNG).
- Aug 18, 2015 10:52 AM IST
Shell owns 50 percent of Parque das Conchas, its main Brazilian asset. Qatar's state oil company Qatar Petroleum owns 23 percent and India's ONGC owns 27 percent.
- Jul 30, 2015 02:45 PM IST
The Anglo-Dutch company also said it was planning more asset disposals as it pushes ahead with its proposed USD 70 billion acquisition of BG Group, bringing total asset sales between 2014 and 2018 to USD 50 billion.
- Jul 25, 2015 03:00 PM IST
BG Group Plc on Friday confirmed that it has received final unconditional clearance from Brazilian competition authority CADE for its acquisition by bigger rival Royal Dutch Shell.
- Jul 15, 2015 03:12 PM IST
Out of the two million tonnes of LNG, one million tonne has been sold to Royal Dutch Shell. Tripathi refused to give details of other buyers.
- Jul 14, 2015 10:17 PM IST
Oil dropped on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports.
- Jun 22, 2015 08:31 PM IST
US-based private equity firm Carlyle Group on Monday said it will invest USD 500 million in Magna Energy Ltd, an India-focused oil firm founded by Mike Watts, the man who saw oil in Rajasthan's Thar desert where global giant Royal Dutch Shell saw none.
- Apr 30, 2015 01:05 PM IST
Shell maintained a dividend of 47 cents per share and said it would use its planned USD 70 billion acquisition of smaller British rival BG Group to further optimise its asset base.
- Apr 08, 2015 05:20 PM IST
With no immediate signs of a recovery in the oil price, companies like Shell are looking for other ways to keep delivering value for shareholders.
- Apr 08, 2015 12:33 PM IST
The deal will result in BG shareholders owning around 19 percent of the combined group.
- Mar 13, 2015 11:21 AM IST
Cairn India said it does not agree with the tax demand and will pursue all possible options to protect its interest.
- Mar 13, 2015 09:50 AM IST
US benchmark West Texas Intermediate (WTI) rose 12 cents to USD 47.17 and Brent climbed 31 cents to USD 57.39 in late-morning trade.
- Mar 12, 2015 06:51 PM IST
Concerned over the Rs 10,247 crore tax notice slapped on Cairn Energy by Indian authorities, UK on Thursday asked India to provide "predictable, stable and attractive" business environment and not only talk about it.
- Mar 12, 2015 06:04 PM IST
The Ministry on March 5 issued 'Draft Guidelines for granting Marketing Rights for CNG as Transportation Fuel, including setting up CNG Stations' wherein any entity that has invested Rs 500 crore in oil and gas infrastructure can get rights/license to retail the fuel to automobiles by setting up CNG stations.
- Mar 03, 2015 08:44 PM IST
GAIL was looking for a strategic partner for the 4 million tons a year floating liquefied natural gas (LNG) terminal off the Paradip coast. But with a partnership with Royal Dutch Shell and GdF Suez of France coming through for a similar project off Kakinada in Andhra Pradesh, the Paradip project has been axed.
- Dec 31, 2013 01:46 AM IST
Under the accord, which the companies began negotiating in September, Shell will get an additional 23 percent of BC-10, raising its stake to 73 percent. ONGC will get an additional 12 percent, boosting its stake to 27 percent, Shell said.