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Posts under ‘Exxon Mobil’

EXXONMOBIL TAKE ON GLOBAL ENERGY OUTLOOK

By: MICHEAL KAUFMAN Published: Dec 10, 2014 at 10:02 am EST Exxon Mobil Corporation(NYSE:XOM) revealed its annual energy outlook yesterday and maintained its stance despite the fact that crude price has declined 40% since its peak in late-June. This has resulted in energy companies slashing down their capital spending plans and slowing down growth in […]

Opec is finished – the oil crash will continue

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. The major oil companies will have to cut back on projects with a break-even cost below $80 for Brent […]

Oil price slump could trigger a wave of takeovers and mergers of desperation

The author of The Sunday Times article, Danny Fortson, goes on to point out that the oil price slump could lead to a wave of big takeovers, failures and “mergers of desperation,” with BP a potential takeover target… By John Donovan Coverage of the problems facing BP are spread over a number of pages of […]

Will falling oil prices curb America’s shale boom?

  This time some of the pain will be taken by the big integrated energy firms, such as Exxon Mobil and Shell. After a decade of throwing shareholders’ cash at prospects in the Arctic and deep tropical waters to little effect, they began cutting budgets in 2013. Extracts from an article published by The Economist […]

Prospects of a Shell BP merger

FROM A REGULAR CONTRIBUTOR Firstly, falls in oil price and resulting low stock prices tend to result in waves of takeovers. Examples during the low price era of the late 1990s – early 2000s: · Exxon took over Mobil · Statoil took over Saga, Norsk Hydro · Chevron took over Texaco, Unocal · Total took […]

Repercussions Of Lower Oil Prices On Energy Sector

Published: November 29, 2014 at 11:11 am EST By: Micheal Kaufman The decision by the Organization of Petroleum Exporting Countries (OPEC) to maintain production at 30 million barrels of oil per day came as a shock for most oil companies. As a result crude oil prices fell drastically and West Intermediate Texas (WTI) was down […]

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 […]

DUTCH SEEK REVISED GAS DEAL WITH SHELL & EXXON

The Dutch government Minister of Economic Affairs, Henk Kapm, is seeking to renegotiate deals with Exxon Mobil and Royal Dutch Shell on the extraction and sale of Dutch gas. It seems reasonable to speculate that it is not his intention for the renegotiation to benefit the oil giants, who are joint owners of the Dutch […]

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 […]