July 2nd, 2014:
Oil explorers hit rock bottom
New infrastructure players to help UK North Sea in twilight years
Extract from a Reuters article by CLAIRE MILHENCH published 1 July 2014
Why Shell Midstream Partners filed for an initial public offering
Extract from an informative article by Avik Chowdhury published 30 June 2014 by MarketRealist.com
Shell Midstream Partners is a Texas-based company that owns, operates, develops, and acquires pipelines and other midstream assets. Shell has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (or SEC) related to the proposed IPO of limited partner units of the MLP. RDS has proposed to list the new MLP under the symbol SHLX in the New York Stock Exchange (or NYSE). SPLC, the principal midstream subsidiary of Shell in the U.S. will own SHLX’s general partner, a significant limited partner interest and the incentive distribution rights.
Shell Tackles Climate Change
Pipeline problems cloud Kashagan oil outlook
Extract from a Geoff Hiscock article published by The Australian on 2 July 2014
A YEAR ago, one of the world’s biggest oil and gas projects, the massive Kashagan field in Kazakhstan’s part of the Caspian Sea, was on the verge of starting production after more than a decade of development and US$40 billion in costs.
Its backers, a combination of international oil companies ExxonMobil, Shell, Total, Eni, Japan’s Inpex, the China National Petroleum Corp (CNPC) and Kazakhstan’s state-owned KazMunaiGas, had every expectation Kashagan would be producing as much as 8 million tonnes of oil this year, equivalent to 170,000 barrels a day.
Legal panel to examine Garda misconduct allegations
The Irish Times has published an article under the headline “Legal panel to examine Garda misconduct allegations.”
Extracts
The Government has decided to hire seven barristers to examine as many as 220 outstanding allegations of Garda misconduct received from members of the public in light of the whistleblowers affair. The move came as the Government approved terms for draft laws to strengthen the Garda Síochána Ombudsman Commission with new powers, including the right to investigate any alleged criminal conduct by a Garda commissioner. In respect of some 220 allegations about members of the force, Attorney General Máire Whelan will engage a panel of two senior counsel and five junior counsel to scrutinise files and advise whether further action is required. At issue is a deluge of allegations received from the public by Taoiseach Enda Kenny, Ministers, TDs and Government departments.