Royal Dutch Shell Plc, the worlds second-largest oil company, Calgary-based Suncor Energy Inc. and EnCana Corp. said last year they would reduce plans to mine the oil sands because of falling crude prices.
February 13th, 2009:
Alberta Calls for Stricter Environmental Rules on Oil Sands
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
Oil majors mull mega-mergers as they eye minors
LONDON (Reuters) - Some of the world's biggest oil companies have shown renewed interest in merging with rival majors during talks about buying smaller producers to increase their reserves, a banker close to the discussions said.
Now Shell’s Chief Ethical Officer, Richard Wiseman, falls victim to a leaked email in ironic circumstances
The leakage of Shell internal emails seems to be turning into a veritable flood. The latest to reach me is your own interesting email to Shell colleagues, as printed below. I would have been stumped if it was just in Dutch, but fortunately you kindly provided an English translation.
Oil & gas: 50,000 UK jobs could go
Recruiter
Figures from trade body Oil & Gas UK suggest that the number of wells drilled in the North Sea could be a third of last years total of 109. The body blames the combination of decrease oil prices and increases in tax.
James Beazle, director of energy recruiter Six Recruitment, told Recruiter: As prices drop this is going to happen. Because of the oil price in the last two years there had been a frenzy in hiring and now there has to be an element of looking at whether they are needed, adding some of the cuts were part of a normal review taken by the companies at this time of the year.
Norwegian Oil Firm Goes to Energy’s Last Frontier
Last year, in a record lease sale, Royal Dutch Shell PLC paid $2.1 billion for exploration blocks in the Chukchi Sea, off the coast of Alaska.
Total vows to maintain investment levels
BP and Royal Dutch Shell, Europe's biggest oil company, would have to borrow to cover capital spending, and then need more to pay dividends, according to analysts at Sanford Bernstein.
OPECs Pipe Dreams
So for oil producers, $40 is no longer a fantastic price. OPEC members have real problems balancing their budgets at that level. The likes of Shell, meanwhile, have big capital expenditure plans predicated on higher prices.
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