News

Fourth quarter profits declined to $2.1 billion from $7.3 billion a year earlier

Rise in theft costs Shell $4.5bn a year in Nigeria

A surge in oil theft in the Niger Delta is costing Royal Dutch Shell up to $4.5bn a year in lost revenues, according to new figures.

Troops prepare to step in after fuel tanker drivers back call for national strike

Preparations to deal with the first national fuel strike in more than a decade moved up a gear yesterday as tanker drivers at five out of seven major firms voted in favour of industrial action.

Relief well to stem gas leak at evacuated offshore rig could take six months to drill

It could take another six months for oil engineers to drill a relief well to the leaking gas field beneath the offshore platform in the North Sea that was evacuated over the weekend when highly inflammable and toxic gas reached dangerous levels.

Troops stand by as fuel-tanker drivers back call for strike

Energy Secretary slams union after it warns that industrial action could close 7,900 petrol stations

Nigerian villagers' lawsuit could set big oil precedent

A group of 11,000 Nigerians have initiated a court case against the oil giant Shell in pursuit of tens of millions of dollars they believe they are owed in compensation for two oil spills in 2008.

BP and Shell fight over African oil find

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

Shell chief's pay package more than doubles but the dividend stays flat

Peter Voser, the chief executive of Royal Dutch Shell, saw his total pay packet more than double in 2011, a year when shareholders in the oil supermajor had to make do with flat dividend payouts.

Engineering quartet set to share £100m bonus payout

Four executives are in line to pocket the lion's share of a £100m paper fortune from a lucrative incentive plan after turning round a string of unloved industrial assets.

Ship building: Titanic Belfast approaching completion

Titanic endeavour: Simon Calder previews Belfast’s newest attraction

A century after Titanic set sail from Belfast prior to her tragic maiden journey, a £97m tribute to the ship and her makers is almost ready.

Indian giants set to move in on Cove

The battle for Cove Energy is heating up after two Indian oil giants said they were seeking to trump two earlier offers for the East Africa-focused explorer by preparing an estimated £1.25bn bid.

North Sea growth and tax rates see US contractor move to Britain

An American oil drilling contractor is ditching the US for its legal headquarters and relocating to the UK, so it can expand its North Sea operations and bring its tax rates into line with international competitors.

Shell offer for Cove trumped by PTT's £1.12bn

A takeover battle erupted yesterday for the Mozambique-focused oil explorer Cove Energy, after Shell's £992m bid was trumped by a far bigger offer of £1.12bn by Thailand's state-owned PTT Exploration.

Three Cove executives to share £40m windfall after Shell takeover

Shell is setting up shop in Kenya and Mozambique after agreeing to buy the East Africa-focused oil and gas company Cove Energy for nearly £1bn.

Shell oil protesters climb National Gallery

Environmental campaigners climbed to the roof of the National Gallery today to stage a protest against energy giant Shell.

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