Cairo/ Brussels May 27, 2013 On Wednesday 29 May, the European Bank for Reconstruction & Development (EBRD) will vote on whether to make a $40 million loan to Kuwait Energy to drill and extract oil in Egypt. Egyptian and international organisations are pushing the board of the public multilateral bank to reject the loan –…
Just returning from the Annual General Meeting of Shell at Den Haag in the Netherlands – tired but exhilarated by the experience. As with the AGM in 2012 there was a powerful array of civil society groups from all over the world taking the time and devoting the energy to travel to the grey, rain…
Guy Chazan. Piece made homepage of FT website
16 May 2013 Reacting to the unfolding oil price fixing investigations of BP and Shell, Platform oil campaigner Mika Minio-Paluello said: “The scale of the likely market-rigging by BP and Shell is shocking but unsurprising. BP and Shell have a record of making massive profits at the expense of the public by either price-fixing or…
International Oil Companies (IOCs) face pressure from investors to achieve a positive reserves replacement ratio. With governments around the world increasingly asserting control over natural resources in their territory, as well as conventional oil reserves dwindling, the Arctic is one of the frontier areas targeted by IOCs. In Russia, IOCs have entered a number of…
Gazprom and Shell signed a new agreement today, under the eyes of Vladimir Putin on his trade mission to Europe. The agreement has been in discussion for a few years; at one point a BP-and-Rosneft style share swap was discussed, but the two companies appear to have settled for a Joint Venture. Together they’ll extract…
The Guardian – August 19, 2012



