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Posts under ‘BP’

US District Judge Adamant On Earlier Ruling Over BP’s Mexican Oil Spill

    US district judge Carl Barbier has refused to change his ruling over BP‘s Gulf of Mexico oil spill, claiming that BP got what it deserved Published: November 15, 2014 at 8:43 am EST By: Micheal Kaufman FULL ARTICLE RELATED ARTICLES – WHAT HAPPENED TO BP IN THE US COURTS COULD HAPPEN TO SHELL […]

California Joins Natural Gas Lawsuit Against BP

California joins BP‘s former employee over a lawsuit accusing the oil giant of supplying overpriced natural gas to the state and violating the natural gas contract between the state and BP Published: November 14, 2014 at 8:52 am EST By: Micheal Kaufman BP plc (ADR) (NYSE:BP) along with its trading partners was accused of charging […]

BP a takeover target

Ben Levisohn has written an article for Barron’s stoking up further the persistent speculation about the prospect of a takeover bid for BP. He quotes from an expert assessment by Oppenheimer analysts Fadel Gheit and Luis Amadeo and points out that although they do not name names, the timing is right and the obvious contenders are Royal […]

UK News Reports Royal Dutch Shell Quarterly Result

DAILY EXPRESS: Oil giant Shell floats as prices sink Extracts ROYAL Dutch Shell unleashed an industry-beating rise in quarterly profit yesterday, despite falling oil prices, and vowed to keep slashing less-lucrative projects. Finance chief Simon Henry said: “It’s quite likely we’ll take a very close look at investment levels where we have flexibility if we […]

American as Chairman Good Politics for Shell

From a Regular Contributor I see Shell got an American as its new chairman. (Chad Holliday right). Not certain that is good news for the shareholders, although it is clearly good politics. Shell needs extensions to its leases in the Arctic and with an American arguing the issue they might succeed. If he saves Shell’s […]

Big oil is exposed to falling prices who can survive?

BRENT CRUDE PRICES HAVE SLUMPED SINCE PEAKING AT $115 IN JUNE By John Donovan The news media is waking up to the potential seismic impact on big oil from falling oil prices. Our headline – “Big oil is exposed to falling prices who can survive?” – is taken from an article by John Ficenec published […]

Oil price slump to hit majors’ earnings

WEDNESDAY 22 OCTOBER 2014 Reuters is reporting that oil companies have seen billions wiped off their stock market values as crude prices dropped over the past four months by 25 percent to a four-year low near $85 a barrel, due to slowing global demand particularly in China and ample supplies. Shares of BP, Royal Dutch […]

EU investigates price fixing in energy markets

The latest development follows the Libor rigging scandal and the raids carried out in May 2014 on the oil majors BP, Shell and Statoil, seeking evidence of manipulation of oil prices. By John Donovan On Tuesday, investigators for the EU Commission raided several companies producing and trading in biofuels. According to the commission, the surprise inspections […]

Royal Dutch Shell News Monday 29 Sept 2014

By John Donovan A selection of current news articles about Royal Dutch Shell from around the globe: Oil price fixing According to a Bloomberg article published by energyvoice.com, the UK is considering whether to criminalize manipulation of the world’s most-traded crude-futures market. Extract The UK is toughening the rules after the rigging of Libor and […]

Royal Dutch Shell News Thursday 11 Sept 2014

By John Donovan The US and EU are ready to impose new sanctions on Russia arising from events in Ukraine. See extract from a fuelfix.com article published under the headline: “Sanctions threaten Putin’s oil deals with Exxon Mobil, Shell” Other vulnerable international operators include Royal Dutch Shell, the world’s second-largest energy company by market value. Multiple investments […]

Royal Dutch Shell Shareholders Beware

The news that BP may be fined up to $18bn for the oil spill in the Gulf-of-Mexico as a result of a ruling by a US federal court that BP acted with “conscious disregard of known risks” and that BP’s “conduct was reckless,” may have very serious implications for other oil companies. By John Donovan […]