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Posts under ‘New York Times’

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 […]

BP to axe 1,000 jobs amid warning of oil price plunge to $40

Oil giant BP has said it will rack up costs of at least $1 billion (£637 million) over the next year as it embarks on a corporate shake-up which could cull more than 1,000 jobs. It comes as an Iranian official in the Opec oil cartel said crude prices could plunge as low as $40 a […]

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, […]

Royal Dutch Shell News Monday 29 Sept 2014

By John Donovan A selection of current news articles about Royal Dutch Shell from around the globe: Oil price fixing According to a Bloomberg article published by energyvoice.com, the UK is considering whether to criminalize manipulation of the world’s most-traded crude-futures market. Extract The UK is toughening the rules after the rigging of Libor and […]

Royal Dutch Shell Shareholders Beware

The news that BP may be fined up to $18bn for the oil spill in the Gulf-of-Mexico as a result of a ruling by a US federal court that BP acted with “conscious disregard of known risks” and that BP’s “conduct was reckless,” may have very serious implications for other oil companies. By John Donovan […]

Roundup of Royal Dutch Shell News 16 August 2014

SHELL’S USA FIRE SALE The New York Times reports that the Blackstone Group, a private equity company, is paying Royal Dutch Shell $1.2 billion for a stake comprising more than 107,000 net acres in Louisiana. MORE A related article by BusinessReport.com features a quote from Marvin Odum, president of Royal Dutch Shell’s U.S. division, Shell […]

Royal Dutch Shell Playing Politics with Human Lives?

What is even more appalling is the fact that the oil giant Royal Dutch Shell, is the one behind the scene steering the affairs of the Dutch Government and practically playing politics with ‘human lives.’ By Zik Gbemre RE: DESPITE ANGER OVER DOWNED JETLINER, EUROPE SHIES AWAY FROM SANCTIONS ON RUSSIA We find it rather […]

One of our sources: Joe McGinniss, the famed ‘journalist provocateur’

Extract from a Joe McGinniss email to a PR officer for one of the organizations supporting the plaintiffs in the Wiwa v Shell case, in which Joe (right) criticised the $15.5 million settlement:  But I can’t help sensing that after finally reaching the point where you were about to show the world the evidence of […]

‘Shell will try to prevent any sanctions against Russia’

Extracts from a New York Times article by Thomas Erdbrink published 23 July 2014 in the New York edition under the headline: “Despite Anger Over Downed Jetliner, Europe Shies Away From Sanctions on Russia” Shell, the Anglo-Dutch oil giant, which has its head office in The Hague, is one of the largest foreign investors in […]

Weighing the Risks of Investing in Energy Companies

Extracts from an article by Stanley Reed published 11 June 2014 by The New York Times …fund managers beginning to think skeptically about fossil fuel companies — not so much because they or their clients disapprove of their activities, but because they think the securities issued by these companies may prove poor long-term investments. The […]

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 […]