Shell to Unite Parent Companies After Reserve Cuts
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Royal Dutch/Shell Group, ending a century-old ownership structure, will combine its parent companies in the UK and Netherlands to rebuild investor confidence after writing down its reserves four times this year.
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Royal Dutch/Shell Group agreed on Tuesday to finalized settlements with U.S. and UK regulators which will cost the oil giant &#36;150.7 million over its mis-statement of proven oil reserves.
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Royal Dutch/Shell announced radical plans to merge its separate holding companies in an overhaul of its corporate governance structures after a review triggered by its oil reserves scandal.
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The company said the cuts are part of a move to consolidate three regional divisions and decentralize buying in an effort to reduce costs and lift sales.
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WASHINGTON (CBS.MW) -- An arm of Shell International announced Thursday a 20-year deal to provide 500 million cubic feet of liquid natural gas per day to a receiving terminal Sempra Energy is developing.
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The Royal Dutch/Shell Group of Cos. unveiled plans Thursday for its two holding companies to merge after nearly a century, a response to a scandal over its downgrading of oil reserves, and said third-quarter earnings doubled.
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The oil giant Shell yesterday unveiled plans to merge its British and Dutch halves into a single company under the control of a unified board in what marks the most sweeping
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Oil major Royal Dutch/Shell Group said it was 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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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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ANGLO-Dutch oil group Royal Dutch Shell yesterday said it would invest $45bn over three years to boost reserves and production as it battles to shake off the scandal of its reserves over-booking.
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London-listed energy group JKX Oil and Gas has said that its Ukrainian unit had signed a deal to supply gas to Anglo-Dutch giant Royal Dutch Shell.
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The US Securities and Exchange Commission and the UK&#39;s Financial Services Authority have formally agreed on Shell in July for misleading the market.
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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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Royal Dutch/Shell will merge its Dutch and British holding companies, the oil giant said on Thursday, as it seeks to address the failings that led to a shock downgrade in proven oil reserves in January.
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Oil giant Royal Dutch/Shell today said it would to scrap its twin board structure as it battles to restore confidence in the wake of its reserves crisis.
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Shell made the offer after months of pressure by RussiaÂs environmental regulators, who threatened to freeze work on the project by revoking critical operating permits.
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Oil companies BP Plc , Chevron Corp. , Total  and Statoil  have agreed to sign a deal on Monday with Venezuela for the state takeover of a majority stake in multibillion dollar oil projects, a government source told Reuters on Monday.