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Shell to cut more UK North Sea jobs in 2015

Thursday 26 March 2015 (Reuters) – Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry. “Shell UK plans to reduce […]

Royal Dutch Shell cuts IT contractor pay rates by 15%: Accept or face termination!

An article published 25 March 2015 by ContractorUK.com under the headline: Royal Dutch Shell cuts IT contractor pay rates Royal Dutch Shell has reduced pay for IT contractors, telling such temporary technology workers to lower their rates by 15% or face termination. The Angel-Dutch oil giant told ContractorUK that current market volatility has made the […]

UK Government must defend against big oil and mining dirty tricks

UK Government must defend against big oil and mining dirty tricks Oil and mining bodies together with companies such as BP and Royal Dutch Shell have drafted industry compliance guidelines that weaken the impact of new UK anti-corruption laws. 21st March 2015 Anti-corruption campaigners urge the UK Government to divorce itself from industry guidelines that […]

Why The Oil Price Could Fall Even Further

From an article by Prabhat Sakya published 24 March 2015 by The Motley Fool under the headline: BP plc And Royal Dutch Shell plc: Why The Oil Price Could Fall Even Further The oil price has fallen dramatically since last summer. This has meant difficult times for the oil producers, including companies such as BP and […]

A sad situation in Rhodesia 50 yrs ago: Even worse now. 

Robert Mugabe was a “key player” campaigning against the white settler regime in Rhodesia nearly 50 years ago, and remains the key player today, but considerably richer.  Some of this information, including the anti-Apartheid poster, comes from “A History of Royal Dutch Shell Volume 3.  Like this:Like Loading…

Shell oil drilling in Arctic set to get US government permission

From an article by Terry Macalister published by the Guardian on Sunday 22 March 2015: Shell oil drilling in Arctic set to get US government permission The US government is expected this week to give the go-ahead to a controversial plan by Shell to restart drilling for oil in the Arctic. The green light from Sally Jewell, the […]

How Shell And BP Will Benefit From Tax Cut in North Sea

By: MICHEAL KAUFMAN: Published: Mar 22, 2015 at 9:56 am EST As UK’s North Sea oil industry suffers from declining production and a prolonged slump in oil price, the government has given oil companies a good reason to rejoice. George Osborne, UK’s Chancellor of the Exchequer, announced earlier this week the government’s decision to reduce tax […]

Shell Leads Gulf Sale Bids

By: MICHEAL KAUFMAN: Published: Mar 19, 2015 at 1:06 pm EST Extracts The Oil and Gas Journal, quoting US Bureau of Ocean Energy Management (BOEM), has reported that the Gulf of Mexico, Central Planning Area Lease Sale 235 attracted around 195 bids from 42 companies. Major energy companies such as Statoil ASA (ADR) (NYSE:STO), Chevron Corporation […]

Africa: Statoil’s Historic Disclosures Blow Holes in Exxon and Shell’s Campaign for Secrecy

Statoil’s disclosures deal a major blow to efforts by a small number of backward looking oil firms, including ExxonMobil, Royal Dutch Shell and BP, to weaken the U.S. transparency rule. Unless transparency rules include these elements, they will give companies a licence to continue making corrupt payments. Extracts from a Press Release by Global Witness published […]

Big Oil’s Broken Business Model

From an article by Michael T. Klare published 12 March 2015 by utne.com Big Oil’s Broken Business Model In the wake of collapsing oil prices, Big Oil must alter its broken business model or face being outcompeted by smaller, nimbler energy producers. Many reasons have been provided for the dramatic plunge in the price of […]

Oil companies offer to cut 2015 spending in Iraq

* Iraq seeks to stem losses from falling oil prices * Calls on firms to reduce development costs * Baghdad seeks amended contracts to “share risk” * Says companies should maintain output despite changes MR_Story By Ahmed Rasheed BAGHDAD, March 12 ( Reuters ) – Oil companies have proposed millions of dollars of cuts in […]

How Big Oil Is Profiting From the Slump

From an article by Javier Blas published 12 March 2015 by Bloomberg (Bloomberg) — Europe’s largest oil companies are gaining support from an unlikely source as they confront the industry’s worst slump since the financial crisis: lower oil prices. Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell […]

Exxon, Shell’s spending patterns may help them through oil price drop

* Two biggest oil firms have finished major projects * Exxon, Shell able to cut 2015 spending * All oil majors face 2015 negative cashflow * Set to increase borrowing easily to cover shortfalls By Ron Bousso and Dmitry Zhdannikov LONDON, March 10 (Reuters) – The world’s two biggest oil firms, Exxon Mobil Corp and […]

Shell unveils plan to replace union workers 2 days before talks

(Bloomberg) — Two days before contract negotiations are scheduled to resume between Royal Dutch Shell Plc and the United Steelworkers’ oil union, the company announced plans to run its second-largest U.S. refinery without union labor. Shell will have trained and deployed enough “relief workers” by mid-summer to keep the 327,000-barrel-a-day Deer Park refinery in Texas […]

Oil and gas industry in ‘bleak’ 2014, finds survey

FROM A BBC ARTICLE PUBLISHED 24 FEB 2015 Oil and gas industry in ‘bleak’ 2014, finds survey The UK offshore oil and gas industry has reported its worst annual performance for four decades. Industry body Oil & Gas UK said falling oil prices and rising costs meant the sector spent and invested £5.3bn more than […]

New safety rules for offshore Arctic drilling proposed to avoid repeat of Shell disaster

New safety rules for offshore Arctic drilling proposed to avoid repeat of Shell disaster US officials want to make sure companies can handle a blow-out in remote and icy conditions – without inflicting an environmental disaster Suzanne Goldenberg in Washington The Obama administration proposed new rules for Arctic oil drilling on Friday in an attempt […]

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