Sir David then left with part of his contract still to run. (Was he hoping to go to the Lords? Was he expecting another job offer? Speculation continues.)
July, 2008:
Speculation about Sir David Varney, former Managing Director of Shell UK Limited
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
Nationals’ champion
For the likes of ExxonMobil, BP and Royal Dutch Shell, that means losing the most lucrative part of their business - the part they have relied on to achieve growth in production, revenue and reserves for much of their existence.
Oil: Soaring BP profit of £6.7bn draws fire from unions and motoring lobby
BP was under fire at home and abroad yesterday after reporting a 23% jump in first half profits to $13.4bn (£6.7bn) on the back of soaring oil prices and a strong performance from its endangered Russian joint venture, TNK-BP.
Australia faces worse crisis than America
The world's financial storm has swept through Australia and New Zealand this week amid mounting signs of contagion across the Pacific region.
Exercise caution in Russia, Tony Hayward warns investors
Speaking yesterday, during a press conference to announce BP's profit figures, Mr Hayward said: "Russia is quite a challenging place to do business."
Where next for TNK-BP?
Gazprom seems the most obvious buyer. However, the state-controlled gas giant has huge investment ahead. Its willingness to spend on acquiring a stake in TNK-BP is uncertain - unless it could be tempted at a bargain price
Shell Corrib Gas Pipeline Controversy Continues
For the Henry family in Erris, there seems to be no escaping Shell's security and monitoring despite never having been involved with the protesters opposed to the development
Shell Employees in Africa Protest Against Being Sold by Shell
29 July 2008
Shell has confirmed the sale of its downstream businesses in Ethiopia, Sudan and Djibouti to Oil Libya. Completion of the transfer is expected before the end of 2008. Until then, Shell continues to manage the business.
Details were confirmed to Shell employees in Shell internal emails dated 10 July 2008, printed below.
The sale is at variance with an assurance given as recently as 19 January 2008 by the External Affairs Manager for Ethiopia and Djibouti, Bahiru Temesgen, who was quoted in The Ethiopian Reporter as saying there was no such deal going on regarding the sale of Shell Ethiopia that he was aware of.
‘Blood oil’ dripping from Nigeria
BBC News‘Blood oil’ dripping from Nigeria |
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Under cover of night dozens of barges queue up to dock at a jetty in a creek somewhere in Nigeria’s oil-rich Niger Delta.Their holds are filled with stolen oil running from valves illegally installed into a pipeline. Full, they chug downstream to meet around 10 larger ships near the oil export terminal in Bonny, Rivers State, where they disgorge their cargo. By 0500, in the darkness before dawn, the ships uncouple from the barges and move out in a convoy to sea to rendezvous with a tanker which will spirit away the stolen oil, making it disappear into another cargo, bound for sale on the world market. This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.Shell Ethiopia Employees DemonstrateThis is not the first time the company has been involved in a conflict with its employees. The two had a disagreement which took them to court a couple of months ago, in connection with the amendment of a retirement policy. According to the Labor Union, the revision was made without the consent of the employees and the litigation is still pending. Shell declares force majeure after Nigeria attackRoyal Dutch Shell declared force majeure on Tuesday on its Nigerian Bonny Light crude oil exports for July to September following an attack by militants on an oil trunk pipeline in the Niger Delta on Monday. Nigerian Militants Bomb Two Shell-Operated PipelinesNigeria's main militant group said it bombed two Royal Dutch Shell PLC-operated oil pipelines early Monday and warned more attacks were planned over the next month, helping push up oil prices by more than $1 a barrel. Pipeline Attack in Nigeria Pushes Crude Oil HigherShell has yet to clarify the extent of the damage to Nembe Creek, but oil traders see Nigerian production problems as the key element keeping prices buoyant. Pricey Crude Can Be Trouble for Big OilYet Exxon Mobil also has lost some $64 billion in market value this year, as its stock price has sunk 14%. Shell leads as big oil raises R&D by 16%Royal Dutch Shell, already the top spender in 2006, raised its budget the fastest with a 36 per cent increase to $1.2bn for 2007. Last year, it spent more than twice as much as BP on R&D. Oil innovation after years of cautionRoyal Dutch Shell, which has the biggest commitment of any oil company, came a mere 104th in a global ranking of companies by R&D spending in 2006-07 compiled by Britains Department for Business and Enterprise.
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![An illegal tap put in a pipeline [photo courtesy of legaloil.com]](https://i0.wp.com/newsimg.bbc.co.uk/media/images/44857000/jpg/_44857863_legaloil_valve_226.jpg?resize=226%2C170)
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