Shell snaps up Canadian energy firm ARC for $16.4bn in bid to boost production Energy Shell is to buy Canadian shale producer ARC Resouces in a $16.4bn deal that the oil major says will boost its production and deliver “value for decades”. The London-listed oil major, which has been under pressure from shareholders to increase output and revive its ageing reserves base, will pay for the deal using 25 per [...]
Mark Kleinman: South East Water’s excuses have run dry Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly CityAM column South East Water’s excuses have run dry How the water industry could do with the raising of a Mervyn King eyebrow. While governor of the Bank of England in 2012, Lord King defenestrated Bob Diamond as [...]
Shell chief reportedly set for £4.5m pay boost Energy The boss of Shell will reportedly receive a multimillion-pound remuneration incentive, with the firm poised to reveal a new boardroom pay policy. According to reports, the firm’s chief executive Wael Sawan would pocket at least £4.5m more each year. Sky News‘ Mark Kleinman has reported that investor sources have revealed a long-term incentive stock reward [...]
Shell to combine oil gas and LNG divisions and slash boardroom numbers January 30, 2023 Shell has revealed it will combine its oil and gas production and LNG divisions as part of an overhaul by its new chief executive.