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Posts under ‘New York Times’

Crackdown on Russia Could Hurt Western Oil

Extracts from an article by CLIFFORD KRAUSS published in print on March 28, 2014, on page B1 of the New York edition of The New York Times with the headline: Crackdown on Russia Could Hurt Western Oil. As the United States seeks to strengthen sanctions on Moscow for its occupation of Crimea, energy experts say […]

Shell cracker plant fate still unknown

Extract from a Rachel Morgan article published Friday 21 March 2014 by The New York Times HOPEWELL TWP. — Shell Oil Co. is still staying mum — at least for a little while longer. Shell officials met with officials from the Pittsburgh Regional Alliance, local elected officials and two Beaver County commissioners Thursday at the […]

Shell/Exxon Mobil puts Ukraine gas prospect on hold

Extract from an article by Jim Landers published on 5 March 2014 by The Dallas Morning News Exxon Mobil and Royal Dutch Shell are heading a group selected in 2012 to explore for gas off Ukraine’s western Black Sea coast in an area called Skifska. Negotiations on a production-sharing agreement with the Ukrainian government were […]

Shell to Sell Stake in Australian Gas Field

“All too often, Shell’s answer to an issue or problem is that the market is being too short term; that Shell takes the long term view, and that in the long term, the company’s approach will be proved right,” Lucas Herrmann, an analyst at Deutsche Bank in London, wrote in a note to clients on […]

BP Accuses Texas Lawyer of ‘Brazen Fraud’ in Workers’ Claims Over Gulf Oil Spill

BP on Tuesday accused a Texas lawyer of fraudulently driving up its settlement costs in the 2010 Gulf Coast oil spill by claiming to represent tens of thousands of clients who turned out to be “phantoms.” The company, citing “brazen fraud,” is asking the court to allow it to stop payments and reclaim some of […]

The Rush for the Arctic’s Riches

The severe challenges of operating in the Arctic have already proved daunting for Shell, which has spent $4.5 billion to exploit reserves off Alaska but has yet to drill a single producing well. In the summer of 2012, during Royal Dutch Shell’s first attempt to probe its Arctic deposits, shifting winds and floating ice halted […]

Citing Cost Concerns, Shell Will Not Build Gulf Coast Plant

“We are making tough choices here, focusing our efforts and capital on the most attractive opportunities in our worldwide portfolio,” Peter Voser, Shell’s chief executive, said in a statement. The decision would appear to be a blow to Shell’s ambitions both in natural gas technology and in the United States, where it is a major investor. […]

Large Companies Prepared to Pay Price on Carbon

ExxonMobil, ConocoPhillips, Chevron, BP and Shell, all major contributors to the Republican party… Shell, a co-owner of the Motiva oil refinery in Port Arthur, Tex., has added climate-related carbon taxes to its long-term budgets. Michael Stravato for The New York Times By CORAL DAVENPORT:  A version of this article appears in print on December 5, […]

An Uphill Climb for the Oil Giants

The big international oil companies are going through a crisis little noticed by analysts and the markets. It is a crisis of results and of vision. Simply put, the majors — companies like Exxon Mobil, Royal Dutch Shell and BP — aren’t growing. They have discovered relatively little oil in recent years despite increasing investment. […]

Halliburton Pleads Guilty to Destroying Evidence After Gulf Spill

“It’s another bad day for Halliburton and a very good day for BP,” said Fadel Gheit, a senior oil analyst at Oppenheimer. Halliburton has agreed to plead guilty to destruction of critical evidence after the Gulf of Mexico oil spill in 2010, the Justice Department announced on Thursday. Halliburton Pleads Guilty to Destroying Evidence After […]

Shell Picks New Chief Executive

By STANLEY REED: Published: July 9, 2013 LONDON — Royal Dutch Shell, Europe’s largest oil company, surprised markets on Tuesday by naming Ben van Beurden to succeed Peter Voser as chief executive on Jan. 1. Mr. van Beurden, a Dutch national who is 55, has headed Shell’s large marketing and refining business since January and […]

Has the US Supreme Court been subverted by Big Business?

By John Donovan: After the recent historic U.S. Supreme Court precedent setting decision in favour of the evil oil giant Royal Dutch Shell Plc and big business in the Kiobel vs. Royal Dutch Shell case, there is further disturbing evidence this week that the court is siding with multinational corporations against ordinary people and small […]

The Argument Against Oil Drilling in Arctic Seas

The panel heard about busted shackles lost at sea. Snapped towlines. Fuel injectors clogged with slime. Forty-foot seas. And harrowing rescue attempts by Coast Guard helicopters to pluck Kulluk crewmembers from a deck that pitched and rolled with each wave. Shell’s Alaska operations manager even admitted the Kulluk left port in Dutch Harbor during the […]

Shell Chief to Leave Next Year

 “One of the few blots on Mr. Voser’s record would be Shell’s high-profile exploration effort in Alaska, which has been plagued by accidents and other problems. Those difficulties have led Shell to suspend drilling until at least 2014.” “…candidates to replace the chief executive…”: “A third possibility is Marvin Odum, 54, an American, who runs […]