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Posts under ‘Gas’

Oil giant Shell set for further cost cuts

By GEOFF HO: Published Sunday January 25, 2015   Royal Dutch Shell chief executive Ben van Beurden will outline how the company plans to deal with the collapse in crude oil prices when he unveils its results on Thursday. The oil giant is expected to reveal further cost-cutting measures alongside a 4.6 per cent fall […]

Why Shell And Exxon Are Interested In Gulf Of Mexico Bidding

By: MICHEAL KAUFMAN: Published: Jan 21, 2015 Some of the largest global oil producers have shown an early interest in the first phase of Mexico’s bidding round for blocks of exploratory crude oil and natural gas, located in the Deepwater region of Gulf of Mexico. According to a Mexican government official, the oil and gas blocks […]

Oil Price Crash Threatens Shell and BP’s Dividends

Should BP and Shell conserve cash or pay out dividends to please shareholders? Bidness Etc discusses the dilemma being faced by the oil giants amid plummeting crude oil price By: MICHEAL KAUFMAN Published: Jan 9, 2015 at 6:57 am EST In recent months, questions have been raised if it is prudent for companies to pay […]

Oil crashes below $50 – Big Oil loses $200 billion

The meltdown in oil prices has wiped out more than $200 billion in market valuation among the 10 largest oil and natural gas companies in the S&P 500. To combat depressed prices, oil companies are hitting the brakes on spending and laying off workers. Investors are saying “enough.” They are dumping their energy stocks as the outlook […]

Oil Price Crash Continues Into 2015

From an article by CLIFFORD KRAUSS and PETER EAVISJAN published in the NY print edition of The New York Times on 6 Jan 2015 under the headline: “Oil’s Fall Continues Into 2015, and Stock Markets Shudder” HOUSTON — Oil prices tumbled below $50 a barrel on Monday, spooking global financial markets and signaling that the […]

Could Royal Dutch Shell buy BP?

Money Talks: Could Royal Dutch Shell Buy BP? Royal Dutch Shell’s rumoured takeover bid for BP is not as outlandish as first appears, according to Edmund Shing, global equity portfolio manager at BCS Asset Management. Uploaded on YOUTUBE 9 DEC 2014 Since July, the collapse in world oil prices has been the talk of global […]

Oil and Art Do Not Mix

On a recent cold night in Trafalgar Square, a group of 30 or so people rehearsed a new piece of musical theater in front of Britain’s National Gallery of Art. But if the venue was highbrow, the production — including sinister characters and lyrics such as “A gallery of art-wash … to benefit the oil […]

CEO Ben van Beurden finally endorses Shell Business Principles

By John Donovan After our long campaign for Ben van Beurden, the Chief Executive Officer of Royal Dutch Shell Plc, to sign Shell’s statement of General Business Principles, he has at last got round to doing so. I do not know what the reluctance was about, or why it took a year of cajoling on our […]

Shell – leveraging the climate debate

Four of these experts were from Shell, a prominent member of history’s top 90 polluters. Shell was also paying the costs. Its logo was everywhere, cuddling alongside National Geographic’s. The event was hijacked by Shell… Extracts from an article by Assaad W. Razzouk published by The Ecologist The annual UN Climate Talks ended on Sunday in […]

Oil prices continued their collapse on Friday

Oil prices continued their collapse on Friday… The new rout began Friday morning… Gas prices will continue to be in a free fall as long as crude oil is searching for a bottom,” the AAA motor club reported on Friday. From an article published by The New York Times on page B1 of the New […]

Update on OSSL Shell Scandal

By John Donovan At the weekend I published an article under the headline: “Irish Police reopen and expand investigation into Shell corruption case?” A question mark was placed at the end of the headline to denote a degree of uncertainty.  This is my take on the actual situation according to information I have received today. […]