Shell unveils EUR 37bn plan to win investor confidence
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AMSTERDAM - Anglo-Dutch energy giant Shell announced plans on Wednesday to invest USD 45 billion (EUR 37 billion) in oil and gas exploration in a bid to increase its reserves and restore investor confidence.
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By Christopher Hope, Business Correspondent (Filed: 23/09/2004). Shell pledged yesterday to spend more cash on finding oil and gas over the next three years as the world&#39;s third largest oil company admitted
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The government is to produce an annual statement on EU spending in the UK in a bid to improve taxpayers' confidence.
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Oil giant Royal Dutch Shell reports record annual profits for a UK company, making Â£13.9bn.
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Jeroen van der Veer, chief executive of Royal Dutch/ Shell, has opened the door to future deals with Gazprom, the Russian gas group, by welcoming its rapid expansion into the oil sector.
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The European Central Bank upgraded Thursday its forecasts for oil prices both this year and next year. The guardian of the euro expected the price of oil to average 36.
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Anglo-Dutch oil giant Shell unveiled its vision of the world's future energy sources Thursday, suggesting two scenarios where policy either remains with individual countries or is decentralised to allow a reduction in energy consumption and carbon emissions.
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Royal Dutch/Shell announced plans to boost spending on exploration and production while selling non-core assets, making the replacement of its missing reserves a priority in restoring battered investor confidence.
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Royal Dutch/Shell is merging its Dutch and British holding companies as it seeks to address failings that led to a shock downgrade in proven oil reserves.
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The Netherlands, Europe&#39;s third-largest gas producer, agreed to pay 2.78 billion euros ($3.55 billion) to buy the natural gas pipeline stakes of Royal/Dutch Shell Group and Exxon Mobil Corp.
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LONDON (CBS.MW) -- Outlining an expectation for higher oil prices and increasing demand, Royal Dutch/Shell on Wednesday said it&#39;s lifting project spending to $45 billion over the next three years.
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LONDON : Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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Royal Dutch/Shell plans to end almost a century of tradition by merging its British and Dutch holding companies as it aims to restore investor confidence shaken by an oil reserves scandal.
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Oil giant Shell is reportedly set to announce the largest profit in UK corporate history on the back of record oil prices.
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Eurozone indicators to be released this week will provide the first glimmer of stabilisation in economic confidence in September following the retreat in oil prices from their mid-August peaks, economists said.
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SHELL&#39;S new chief executive Jeroen van der Veer is to be handed a beefed-up pay package as part of the planned merger of the firm&#39;s Dutch and British arms.
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Royal Dutch Shell (RDSa.L) posted a  record European company profit of $27.6 billion for 2007, but  lower production and indications of reserves suggest earnings  growth will rely on oil price rises for some years to come.