James Fontanella-Khan Spot news

- Shell chief calls for pay reforms
Jeroen van der Veer steps down this month (FT)

- Korean oil group considers Addax tie-up
The state-owned group is considering a takeover or asset deal (FT)

- Heritage Oil and Genel Energy to unveil merger
Expected to announce deal today (FT)

- Shell in $15.5m settlement over executions
Case stemming from allegations the oil group was complicit (FT)

- Lex: US petrol prices
America’s things-are-slightly-less-bad recovery seems to have legs (FT)

- High gas prices could slow recovery
After just a few months of relief at the pump, cheap gasoline is disappearing (NYT)

- Takeover battle as EcoSecurities rejects bids
The company has received two approaches in consecutive working days (FT)

- BP’s alternative energy chief to retire
Vivienne Cox, 49, is BP’s most senior female executive (FT)

- US offers $1.4bn for carbon capture and storage projects
Investment to include oil refineries, steel plants and power plants (Platts)

- Veolia, Keolis bid for Transdev stake
Transdev has sales of €2.3bn (Reuters)

- China is willing to engage in climate-change talks
‘Common but differentiated responsibility’ says vice premier Li Keqiang (Bloomberg)