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Posts under ‘BP’

BP, Shell, Morgan Stanley seek end of oil price-fixing lawsuit

Extracts from a Reuters article by Jonathan Stempel published Tuesday 29 July 2014 (Reuters) – BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and […]

BP: Russian sanctions could hurt us

Extract from a Guardian Business Blog article by Graeme Wearden published 29 July 2014 Oil giant BP has warned the City this morning that it could suffer if fresh sanctions are imposed on Russia. In its latest results, BP cautioned that it would suffer an “”adverse impact” if Western powers hit Moscow with fresh economic […]

Oil majors BP and Shell may be ready for more mergers

Some of Shell’s big shareholders are said to be frustrated by the company’s continued spending on expensive far-flung projects that fail to yield healthy returns. Alongside its profit warning at the start of this year, Shell announced that it was halting a controversial exploration programme off the coast of Alaska because the costs had far outweighed […]

Europe’s ‘ghost town’ refineries spook oil company results

Extracts from a Reuters article by Christopher Johnson published Wednesday 23 July 2014 LONDON, July 23 (Reuters) – Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices. Poland’s PKN Orlen and Czech processor Unipetrol both announced unexpected large losses on […]

BP a better investment than Shell right now

Extracts from an article by David Thorpe published 22 July 2014 by What Investment under the headline: “M&G: BP is a better investment than Shell right now” Felton’s reason for not investing in Shell at present is that he believes the company has made a significant strategic blunder. ‘Shell has always been the high cost, […]

Will Royal Dutch Shell Be Forced to Skedaddle From Russia?

Extract from a Motley Fool article by David Smith published 21 July 2014 under the headline: “Will ExxonMobil, BP, and Royal Dutch Shell Be Forced to Skedaddle From Russia?” Amid a crescendo of calls in Washington for the imposition of severely tightened sanctions on Moscow, following last week’s tragic shoot-down of a Malaysian airliner over […]

Shell investors sue BP for millions over Deepwater share price crash

Extracts from an article by Jim Armitage, Deputy Business Editor of  The Independent, published 4 July 2014 The pension fund of oil giant Shell is suing arch rival BP and its former chief executive Lord John Browne for millions of pounds over the Gulf of Mexico oil spill catastrophe. Shell Pension Trust is one of […]

Oil explorers hit rock bottom

Extract from an extensive FT article by Guy Chazan published 2 July 2014 International exploration and production companies – or E&Ps – were once stock market darlings. But E&Ps have lost their lustre. That is partly because they seem to have lost the knack of discovering oil. FULL FT ARTICLE

BP and Shell keep a watchful eye on events in Iraq

Extracts from a This Is Money/Daily Mail article by Rob Reed published 27 June 2014 under the headline: “BP and Shell keep a watchful eye on events in Iraq as violence continues to escalate in the region” The upward pressure on oil prices since terror group ISIS began its horrific offensive has been echoed by […]

Making Shell more palatable as an acquisition target?

From a regular contributor I think the Ho Ho line may be one of the assets being sold as part of the IPO announced today. http://royaldutchshellplc.com/2014/03/08/shell-says-ho-ho-pipeline-shut-after-leak-in-texas/  Document filed with United States Securities and Exchange Commission 18 June 2014 On another subject completely….the Chinese have done a large scale LNG deal with BP and at the […]

BP And Shell Land China Deals

Extracts from an article by Sky News City Editor Mark Kleinman published 16 June 2014 under the headline: “BP And Shell Land China Deals As Premier Visits” Sky News has learnt that BP and Shell are expected to announce agreements on Tuesday as part of a slate of trade deals to be trumpeted by David […]