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Posts under ‘Exxon Mobil’

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 […]

Dutch government says sorry for quakes caused by Groningen gas field

Mar 2 2015, 15:19 ET | By: Carl Surran, Seeking Alpha News Editor The Dutch government apologizes for ignoring risks posed by earthquakes caused by production of natural gas from the Groningen field, following a report last month by the country’s safety board that found the government, together with Royal Dutch Shell (RDS.A, RDS.B) and […]

Bells toll for Europe’s largest gas field

It accused the government and the field’s operators, Royal Dutch Shell and Exxon Mobil Corp, of ignoring the threat of earthquakes linked to the massive Groningen gas field for years. Toby Sterling | Reuters WESTERWIJTWERD, Netherlands – Dutch church bells that for centuries have tolled to warn of floods across the low-lying countryside are sounding […]

Keystone and the Riddle of the Tar Sands

BY MARK DOWIE 2/25/15 AT 10:49 PM Late 21st-century graduate students of business studying the growing problem of stranded assets will almost certainly focus on the history of Canada’s Athabasca Oil Sands (a.k.a. the tar sands). The case studies they read will either describe the gradual abandonment of the world’s largest reserve of bituminous crude […]

Salym Shell development in Siberia

By Olga Ivshina, BBC News, Western Siberia, published 27 Nov 2014 under the headline: Russian oil industry facing deep freeze Without visiting a well in Western Siberia, you would never realise just how hard it is to extract oil in Russia. Two hours’ drive from the nearest village of Salym, the snow banks are huge and […]

Groningen Gas Field Shock: Risk of earthquakes at 4.6 on the Richter scale

From an article published 24 February 2015 by DutchNews.nl under the headline: Groningen facing stronger earthquakes as gas field empties: report The province of Groningen will be hit hard with additional seismic activity hitting the gas fields by more and heavier earthquakes, according to a scientific report of Shell employees and NAM. Last week, the safety research […]

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 […]

USW Negotiations with Royal Dutch Shell deadlocked

By: MICHEAL KAUFMAN Published: Feb 23, 2015 at 1:28 pm EST Tensions between Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and the United Steelworkers (USW) union rise as more union workers have walked out of three additional US refineries. The latest negotiations between Shell and USW took place on February 20. However, no agreement between the […]

Why Stocks Of Chevron Corporation, Exxon Mobil, Royal Dutch Shell, And ConocoPhillips Should Be Avoided

Why Stocks Of Chevron Corporation, Exxon Mobil, Royal Dutch Shell, And ConocoPhillips Should Be Avoided Bidness Etc looks at why Barron’s Asia advises new investors against buying stocks of the four Big Oil companies, namely, Exxon, Chevron, Shell, and ConocoPhillips By: MICHEAL KAUFMAN Published: Feb 18, 2015 at 6:36 am EST Extracts Crude oil price […]

Shell and Exxon ignored seismic dangers at Groningen Gas Field

Danger of earthquakes at Groningen gas field ignored – Dutch safety board Feb 18 (Reuters) – The dangers caused by gas extraction at the massive Groningen field were ignored for years by operators Royal Dutch Shell, Exxon Mobil Corp and government agencies, the Dutch Safety Board said in a report on Wednesday. A correlation between […]

ExxonMobil could snap up BP in a single bite

Information sourced from an FT article by Energy Editor Christopher Adams published 15 February 2015 under the headline: “BP’s battles leave it vulnerable to major move” Extract If ExxonMobil chief executive Rex Tillerson really wanted to, he could snap up BP in a single bite. Of all the UK major’s rivals, Exxon, the world’s biggest […]

Fracking Earthquakes

From an article by AP Science Writer Seth Borenstein published 14 Feb 2015 by Associated Press under the headline:  “STUDY: OKLAHOMA’S DAILY SMALL QUAKES RAISE RISK OF BIG ONES” SAN JOSE, California (AP) — Small earthquakes shaking Oklahoma and southern Kansas daily and linked to energy drilling are dramatically increasing the chance of bigger and […]

Exxon Mobil Preparing to Buy BP? (More Speculation)

By: MICHEAL KAUFMAN Published: Feb 13, 2015 at 8:00 am EST According to the recent reports from several financial media outlets, Exxon Mobil Corporation (NYSE:XOM) is in the market to hunt. The multinational oil giant is one of the strongest defensive companies in the energy sector. It performs fairly well in low-price environments. The American […]

Europe gas supply in focus as Dutch debate giant Groningen field

The Groningen field is the largest natural gas field in Europe and the 10th largest in the world. It is operated by government-owned Gasunie and output is jointly exploited by the government, Royal Dutch Shell and Exxon. Extraction has resulted in increasingly strong tremors, some measuring as much as 3.6 on the Richter scale, which have […]

Dutch cabinet acts in response to Groningen gas field earthquakes

Dutch cabinet limits gas extraction in Groningen The field is operated by the Nederlandse Aardolie Maatschappij (NAM), a joint venture between Royal Dutch Shell and ExxonMobil with each company owning a 50 percent share. THE HAGUE, Feb. 9 2015 (Xinhua) — The Dutch government has temporarily limited the lucrative gas extraction in Europe’s largest natural […]

Oil company employees should consider quitting their jobs

From an article by Jonathan Porritt published by The Guardian on 10 February 2015 under the headline: “Oil company employees should consider quitting their jobs” Extracts It is becoming morally unacceptable for well-paid employees of Shell and other fossil fuel companies to carry on in their jobs It is impossible for most BP and Shell […]

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