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  • Shell (RDS.A) has named Ben van Beurden, the head of its Downstream business, as CEO to replace Peter Voser, who had already announced he is leaving the company. Van Beurden will take over in January next year. He joined Shell in 1983 and has held a number of technical and commercial positions in the company's Upstream and Downstream operations. (PR[View news story]
    Congradulation ;)
    Jul 9 10:52 AM | Likes Like |Link to Comment
  • BP and Shell (RDS.A, RDS.B) have halted funds for four separate biofuel ventures because the technology won’t be economical until 2020 or beyond, executives tell Bloomberg. The decisions helped cut global investment in biofuel production to $57M in Q1, the lowest since 2006, making it less likely the industry will meet ambitions of reducing fossil fuel pollution and weaning motorists off crude oil-based fuel. [View news story]
    It is interesting that Shell first buys the bio fuel companies to own them, then will not support them financially so they can not only under supervision of Shell but also be downsized after while by not supporting them financially. in this way the consumer must remain Oil and gas users from Fossils which shell and other oil producers are expert in the exploration, development and sales ......
    Jul 8 04:55 PM | Likes Like |Link to Comment
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