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Archive for the ‘Utilities’ Category

  • The global oil and gas company has announced it will be closing its final salary pension scheme in 2013. Royal Dutch Shell has declared that from the first quarter of 2013 it will offer a defined contribution pension plan for its employees. Those that are currently involved in the existing plan, and those that join […]

  • Oil and gas workers on the rise as new fields get to work.Despite the money being poured into renewable energies, recruitment in oil and gas is still marching on. The renewed optimism among the sector, and continuing rise in opportunities, has been hihglighted in a Daily Telegraph supplement today as well. It is expected over […]

  • BP today announced its support for and cooperation with U.S. government investigations arising from the sinking of the Transocean drilling rig Deepwater Horizon in Mississippi Canyon Block 252 (MC252) in the Gulf of Mexico. “Losing 11 of our industry colleagues is a tragedy for the offshore community,” said BP Group Chief Executive Tony Hayward. […]

  • The recovery in the oil price helped oil giant Royal Dutch Shell post a forecast-beating rise in earnings in the first quarter of 2010. Earnings jumped to $4.9m on a current cost of supplies (CCS) basis, from $3.3bn over the same period the previous year. This was well ahead of expectations of about $4.2bn. […]

  • Sky News Online A huge air and sea rescue operation has been launched in the Gulf of Mexico for at least 11 oil workers missing after an explosion on a rig Crew members from the Deepwater Horizon semi-submersible oil rig jumped into the water to escape as balls of flames shot into the night sky. […]

  • BHP Billiton uncovers corruption breaches BHP Billiton admitted today that it may have broken US anti-corruption laws in some of its its exploration projects. In a statement from its exploration arm, the miner said that following requests for information from the US Securities and Exchange Commission as a part of an informal investigation it […]

  • NEW YORK (Reuters) – BP Plc (BP.L) will signal at its annual general meeting on Thursday that it will press ahead with its plan to invest in Canada’s oil sands, according to the Financial Times. More than 140 investors, including California state pension funds Calpers and Calstrs, have backed a resolution calling for BP to […]

  • – April 2010 Several oil companies, including Inpex Corp of Japan and BP are looking for new oil and gas exploration blocks in Indonesia, an official at Indonesia’s mines and energy ministry said on Wednesday. Skip related content Price by PriceStock prices Company name Last price Percentage change BP 643.10 +2.40 ConocoPhillips Common Stock […]

  • – April 2010 Sales by Scottish firms supporting the oil and gas sector reached a record of £15bn in 2008-09, a report says. The survey examines the performance of Scottish-based firms supplying products and services to oil and gas companies. It suggested revenue increased by more than 8% on the previous year, reaching a […]

  • The Emerald Isle could receive an economic boost from a new IBM facility focused on smarter infrastructure. The struggling Irish economy could benefit from up to 200 new jobs created as part of a new IBM Smarter Cities Technology Centre being built in Dubin. The centre, announced this week, is being funded to the tune […]