Oil giant Royal Dutch/Shell has evacuated two platforms in Nigeria’s southern region, following clashes between troops and militia fighters.

Oil group Shell today pledged to invest $45bn (€36.5bn) and make major disposals in a shake-up of the business following its reserves crisis earlier this year.

Oil giant Shell is changing its bonus scheme to encourage staff to focus on the whole company, not just their own division, it emerged today.

Royal Dutch/Shell Group, Norsk Hydro ASA and other oil firms said they won’t accelerate drilling until they are convinced higher prices are here to stay and that governments will protect the industry when prices fall.

OIL giant Shell is bracing itself for a takeover bid that could come from French rival Total, it was reported yesterday.

Oil giant Shell is bracing itself for a takeover bid that could come from French rival Total, it was reported today.

A senior Shell director who resigned in the wake of the reserves crisis earlier this year is to receive a €3.8m pay-off, it emerged today.

Oil giant Shell could merge its Dutch and British holding companies as part of an overhaul in the wake of its reserves crisis, it was reported today.

A Royal Dutch/Shell Group venture said it had found oil after drilling an exploration well at the Upper Salym field in western Siberia which should allow the company to boost its reserves at the site.

Royal Dutch/Shell Group agreed to pay $150 million to settle US and British regulatory probes into the overstatement of its reserves and said the billions spent on drilling may not boost production in the next two years.

Europe’s largest oil company BP said an annual filing with US regulators estimated the company’s proven oil and gas reserves to be 0.1% higher than those presented in its March annual report.

Royal Dutch/Shell Group plans to buy back $2 billion of stock this year after disappointing investors by cutting oil and gas reserves three times.

The ISEQ index closed down 12.97 points at 5417.27, with pharmaceutical company Galen posting a loss of 4.6%.

Royal Dutch/Shell has declined to make any comment on media reports that chief financial officer Judy Boynton would resign as early as today in the fallout from surprise cuts to its oil and gas reserves.

Oil giant Royal Dutch/Shell has signed an agreement with Libya's state oil company to explore for oil and gas.

Royal Dutch/Shell Group said fires that broke out at its refinery in Los Angeles were immediately contained and did not create any disruptions in operations.

Royal Dutch/Shell Group said it is actively in talks with the National Oil Company of Libya (NOC) for possible alliance in Tripoli's oil and gas sector.

Oil giant Royal Dutch/Shell today said it planned to streamline its operations in Nigeria, cutting jobs in a bid to boost oil production by half a million barrels a day.

Oil giant BP PLC said it will sell its remaining 2.1% stake in China Petroleum and Chemical Corp (Sinopec).

Oil companies are facing calls for a crackdown in the way they handle their oil and gas reserve figures, after Friday's shock announcement from Shell when the group cut its estimated proven oil and gas reserves by 20%.

British oil giant BP PLC said it intends to sell its 2% stake in PetroChina via a bookbuilt placing of stock.

The Dublin's ISEQ gave up some of yesterday's gains this morning. The index was down 32 points, or 0.65%, to 5042 at 10.30am.

US and UK-based oil majors have taken the largest portion of Iraq's second post-Saddam crude oil sell tender, companies have confirmed.

CRUDE oil rose for the third time in four sessions as war in Iraq and civil strife in Nigeria limit shipments from the countries, which normally produce about 6% of the world’s oil.

Saudi Arabia has given foreign oil firms such as Royal Dutch/Shell Group and ExxonMobil Corp until Nov 1 to respond "positively" to a final offer made by Riyadh over three large gas projects, or risk losing the deal, Asharq Al-Awsat daily reported citing Saudi sources.

THE idea that there are companies generating more wealth than Ireland has been debunked by the United Nations.

A string of reminders that the US economy is still struggling, as well as disappointing earnings at Exxon Mobil upset investors today and pushed stocks sharply lower.

Royal Dutch/Shell has emerged as a possible buyer for Enron Corp's $2.9bn liquefied natural gas terminal in India, the BBC reported, quoting a Shell spokesman.

Shell says earnings for the past year rose by 85% to a record $13.1bn (or £9.02 bn).