Posts on ‘July 26th, 2012’

By Daniel J. Weiss, Seth Hanlon | July 31, 2012 Republican presidential candidate Mitt Romney�s economic plan slashes corporate tax rates while failing to identify a single corporate tax loophole to eliminate. Highly profitable large oil companies that already enjoy lucrative tax breaks stand to receive some of the biggest benefits from Gov. Romney�s plan. [...]

26 July 2012 Falling energy prices have left its mark on Royal Dutch Shell after a weaker-than-expected profits performance drove a big fall in its share price. While chief executive Peter Voser insisted the Anglo-Dutch company was “moving forward in volatile times”, Shell’s second quarter profits of 5.7 billion US dollars (�3.7 billion) were down [...]

By Associated Press, Updated: Thursday, July�26, 5:18�PM AMSTERDAM � The chief executive of Royal Dutch Shell PLC on Thursday said that whichever political party wins the U.S. presidential election in November should formulate an energy policy with a view to achieving �near energy independence� within 20 years. Swiss CEO Peter Voser, who heads Europe�s largest [...]

Definition of “omnishambles” – something that is very badly organised and is ineffective in every possible way Mitt Romney is having a disastrous visit to London. One gaff after another. He has already been rebuked by Prime Minister David Cameron for his undiplomatic comment alleging Britain is not ready to hold the Olympics. He then [...]

By Katarzyna Klimasinska on July 26, 2012 Royal Dutch Shell Plc (RDSA) may have to scale back its Arctic oil-exploration this year after unrelenting ice and trouble passing U.S. Coast Guard inspections delayed the planned July start of drilling. The company�s fleet remains in Dutch Harbor, Alaska, days away from the Chukchi and Beaufort seas [...]

FROM OUR JULY 2004 SHELL NEWS ARCHIVE… A FORTUNE MAGAZINE ARTICLE REPUBLISHED IN THE NOW DEFUNCT NEWSPAPER: THE BUSINESS HOW FORTUNES HAVE CHANGED FOR BP SINCE 2004. THE SUN KING RESIGNED IN DISGRACE AND BP HAS SUFFERED DEBACLES IN THE GULF OF MEXICO AND RUSSIA. THE ARTICLE: The new king of the oil patch Lord [...]

By Tricia Wright: Thu Jul 26, 2012 5:21pm IST Heavyweight UK energy stock Royal Dutch Shell was left nursing a fall of 2.7 percent after its second-quarter earnings lagged expectations. Volume in the shares was nearly one and a half times its 90-day daily average. Weaker prices for oil worldwide and for gas in North [...]

FROM OUR JULY 2005 SHELL NEWS ARCHIVE… Irish Times: Controversy over Mayo gas pipeline �This giveaway agreement was presided over by a government led by CJ Haughey, and the terms were arranged by the then Minister who dealt with such affairs, Ray Burke. This man has since been investigated and found to have engaged in [...]

By Ben Farey – Jul 26, 2012 9:11 AM GMT+0100 Royal Dutch Shell Plc is still in talks with OAO Gazprom about joining the Shtokman liquefied natural gas project in the Russian Arctic, one of the world�s biggest gas deposits. �We now have interest in doing more LNG projects in Russia,� Shell Chief Executive Officer [...]

By Yereth Rosen ANCHORAGE, Alaska, July 25 | Wed Jul 25, 2012 10:18pm EDT (Reuters) – Royal Dutch Shell’s plans to drill exploratory wells in remote Arctic waters off Alaska are being hampered by its failure to secure key regulatory approvals and lingering sea ice, which have already led to a three-week delay. Shell had [...]

By Eduard Gismatullin and Francine Lacqua – Jul 26, 2012 9:07 AM GMT+0100 Royal Dutch Shell Plc (RDSA), Europe�s biggest oil company, reported a larger decline than expected in second-quarter earnings as crude prices dropped and maintenance work on fields held back production. Profit fell 13 percent, excluding one-time items and inventory changes, to $5.7 [...]