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Posts under ‘Exxon Mobil’

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 […]

The elephant in the atmosphere

Extract from an article published by economist.com on 19 July 2014: “Shell, Exxon and carbon: The elephant in the atmosphere” IN SEPTEMBER 2013 a group of institutional investors with $3 trillion of assets under management asked the 45 biggest quoted oil firms how climate change might affect their business and, in particular, whether any of […]

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 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 […]

Royal Dutch Shell Feeling the Pain

Extracts from a Motley Fool article by Rupert Hargreaves under the headline: “Did ExxonMobil Make the Right Decision About Europe?” Feeling the pain There’s no company that is feeling the pain more than Royal Dutch Shell (NYSE: RDS-B ) . Shell’s CEO, Ben van Beurden previously described the company’s refining sector results as “unacceptable.” It’s […]

Reflections on the notorious Kashagan ‘Cash All Gone” project 

By John Donovan In view of the recent shattering news from the jinxed Kashagan project… Production at Kazakhstan’s Kashagan Oil Field Halted Until 2016 …it is interesting to reflect back on the situation as it was in 2007, reported in this Reuters article by Tom Bergin. It seems that not much has changed. It also […]

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

Pipeline problems cloud Kashagan oil outlook

Extract from a Geoff Hiscock article published by The Australian on 2 July 2014 A YEAR ago, one of the world’s biggest oil and gas projects, the massive Kashagan field in Kazakhstan’s part of the Caspian Sea, was on the verge of starting production after more than a decade of development and US$40 billion in […]

Shale’s junk debt could get shaky if Fed raises rates

Extracts from a Houston Chronicle article by Collin Eaton published 27 June 2014 (Good article. Not Shell specific, but a generic problem to which Shell is heavily exposed) Two years after natural gas prices collapsed, Chesapeake Energy’s $12 billion in corporate debt last month nearly made it out of junk territory. The natural gas producer […]

Report: Exxon May Take Over as Kashagan Operator

Extract from a Reuters/Rigzone article by Dmitry Zhdannikov, published Friday 6 June 2014 LONDON, June 6 (Reuters) – U.S. oil major Exxon Mobil is in line to take over as operator of the giant Kashagan field in an attempt to fix the beleaguered $50 billion project offshore Kazakhstan, industry publication Nefte Compass reported on Friday. The Kashagan […]

NAM Groningen: A Gas Cache, Now Under Shaky Ground

Extract from a New York Times article by Stanley Reed published in print on 5 June 2014 LOPPERSUM, the Netherlands — Deep below the cow pastures and farming villages in this picturesque northeastern corner of the Netherlands lies an extraordinary resource: Europe’s largest source of natural gas, known as the Groningen gas field. But as […]