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Posts under ‘Chevron’

Oil company shares slumped

OPEC’s decision on Thursday not to cut production in order to prop up oil prices sent markets reeling. Oil company shares slumped, wiping billions off firms’ market value… As they come to terms with the new oil regime, companies will cut spending by up to 10 percent in 2015… and delay new project approvals. LONDON, […]

Big Oil Optimistic On Gulf Of Mexico Projects

After the 2010 Deep Water Horizon oil spill disaster, it seems that economic activity in the Gulf of Mexico has picked up again as big oil companies, like BP and Shell, have started to undertake major projects in the region Published: November 25, 2014 at 7:13 am EST By: Micheal Kaufman The Gulf of Mexico […]

OPEC IN DISARRAY AS OIL PRICE TUMBLES

Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. (Potentially disastrous news for Big Oil – ExxonMobil, Shell, BP, Chevron and Total) The Telegraph: World on brink of oil price war as Opec […]

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 […]

Big Oil Could Be In Big Trouble

By John Donovan A number of current articles warn of falling oil prices. A zacks.com article says that oil prices have fallen below $100 to the lowest level this year and that natural gas has fared even worse. Nas.daq.com reports that the price of oil has plummeted, and that the fall is accelerating. It also points […]

Oil prospectors shifting focus back to wealthy, more predictable countries

Extracts from a Seeking Alpha article published 28 July 2014 Companies including Shell, Chevron and Exxon are diverting more and more funds to the world’s richest economies, as they grow tired of the risks of working in violent and corrupt places for the reward of finding oil and gas reserves that can be profitably exploited… The […]

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 […]

Shell leaves its peers behind on big gas-to-liquids plants

Reuters article by Alex Lawler published 10 July 2014 LONDON, July 10 (Reuters) – Shell will press on with new plants to convert gas to liquid fuels, its investment and technical edge leaving its peers behind in the process once seen as a radical game changer. The company has seen costs overrun at its flagship […]

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

Ukraine Discomfort for Shell and Chevron

Shell entered into the deal in 2013 with then Putin puppet President Viktor Yanukovych, before he was ousted. As can be seen in the FT article, Shell and Chevron are now both trying to hide behind claimed business principles. Its a bit late for that. By John Donovan The Financial Times has published an article […]

Chevron Cancels Bulgaria Fracking, Shell Postpones Ukraine Plans

Extracts from a CorpWatch article by Richard Smallteacher publish 12 June 2014 Fracking for oil and gas across Europe has suffered a series of setbacks with Chevron closing its offices in Sofia, Bulgaria, and Shell postponing fracking plans in the Ukraine by at least two years. Meanwhile the French government is standing firm in its […]