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Posts under ‘Oil Prices’

That sinking Feeling

Financial Times article by Christopher Adams, Michael Kavanagh and Chris Tighe: 25 Feb 2015 That sinking feeling North Sea oil was a challenge before prices halved. Now the UK industry fears a fatal blow The plunge in prices, a tax system that deters investment and a failure by producers to co-operate could lead to a wave […]

Keystone and the Riddle of the Tar Sands

BY MARK DOWIE 2/25/15 AT 10:49 PM Late 21st-century graduate students of business studying the growing problem of stranded assets will almost certainly focus on the history of Canada’s Athabasca Oil Sands (a.k.a. the tar sands). The case studies they read will either describe the gradual abandonment of the world’s largest reserve of bituminous crude […]

Canada’s energy slump to wipe out $23-billion over two years

From an article by Jeff Lewis published 24 Feb 2015 by The Globe and Mail under the headline: Canada’s energy slump to wipe out $23-billion over two years Extracts The slump in Alberta’s energy sector is set to wipe out billions more in corporate earnings, complicating growth plans and putting investor dividends at greater risk. […]

Salym Shell development in Siberia

By Olga Ivshina, BBC News, Western Siberia, published 27 Nov 2014 under the headline: Russian oil industry facing deep freeze Without visiting a well in Western Siberia, you would never realise just how hard it is to extract oil in Russia. Two hours’ drive from the nearest village of Salym, the snow banks are huge and […]

Oil and gas industry in ‘bleak’ 2014, finds survey

FROM A BBC ARTICLE PUBLISHED 24 FEB 2015 Oil and gas industry in ‘bleak’ 2014, finds survey The UK offshore oil and gas industry has reported its worst annual performance for four decades. Industry body Oil & Gas UK said falling oil prices and rising costs meant the sector spent and invested £5.3bn more than […]

Why Shell Withdrew Application For Pierre River Oil Sands Project

By: MICHEAL KAUFMAN Published: Feb 24, 2015 at 7:48 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) indicated on Monday that it has withdrawn the application to develop Pierre River Oil Sands in northern Alberta. The oil sands mine was first proposed by Shell Canada in 2007. The Pierre River oil sands are estimated to […]

Shell Canada withdraws oilsands mine application as a cost-cutting measure

By Dan Healing of the Calgary Herald Extracts The Pierre River oilsands mine proposed by Shell Canada in 2007, split out of a joint application in 2009 and delayed indefinitely last year has been withdrawn entirely from the regulatory approval process. “The Pierre River mine remains a very long-term opportunity for us but it’s not currently […]

Why Stocks Of Chevron Corporation, Exxon Mobil, Royal Dutch Shell, And ConocoPhillips Should Be Avoided

Why Stocks Of Chevron Corporation, Exxon Mobil, Royal Dutch Shell, And ConocoPhillips Should Be Avoided Bidness Etc looks at why Barron’s Asia advises new investors against buying stocks of the four Big Oil companies, namely, Exxon, Chevron, Shell, and ConocoPhillips By: MICHEAL KAUFMAN Published: Feb 18, 2015 at 6:36 am EST Extracts Crude oil price […]

BP plc And Royal Dutch Shell Plc Perilous Investment Traps?

From an article by Royston Wild published 18 Feb 2015 by The Motley Fool under the headline: “BP plc And Royal Dutch Shell Plc Are Perilous Investment Traps” Extracts Needless to say, the effect of an eroding oil price has proved catastrophic for the world’s fossil fuel specialists in recent months. Indeed, a 47% decline […]

ExxonMobil could snap up BP in a single bite

Information sourced from an FT article by Energy Editor Christopher Adams published 15 February 2015 under the headline: “BP’s battles leave it vulnerable to major move” Extract If ExxonMobil chief executive Rex Tillerson really wanted to, he could snap up BP in a single bite. Of all the UK major’s rivals, Exxon, the world’s biggest […]

Shell Denies Abandoning New Bonga Project

From an article published 16 February 2015 by The Tide under the headline: Shell Denies Abandoning New Bonga Project Extracts The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has denied recent reports that it has stopped the development of the strategic Bonga South West/Aparo (BSWA) project due to the slump in international oil price. […]

A world awash in cheap crude

From an article by Malcolm Berko published 14 February 2015 by Columbian.com under the headline: “Berko: Oil prices bound to rise again” The enormous implosion in oil prices has left the globe awash in cheap crude. And the highly paid, brilliant oil analysts at Bank of America, Goldman Sachs, UBS, JPMorgan, etc., never saw it […]

Britain’s ties with Abu Dhabi threatened by oil deal deadlock

From an article by Andrew Critchlow published by The Telegraph on 13 Feb 2015 under the headline: “Britain’s ties with Abu Dhabi threatened by oil deal deadlock” Danger of Shell and BP walking away from historic oil agreement which has underpinned Britain’s broader historic relationship with the United Arab Emirates Extracts BP and Royal Dutch […]

The credibility of Royal Dutch Shell oil demand forecasts

By John Donovan Forecasts of future oil demand and oil prices made by Royal Dutch Shell CEO Ben van Beurden have been widely reported. See syndicated Reuters article. He is not exactly a disinterested independent observer, as his personal income and the well-being and profitability of the oil company he leads, depends on these issues. […]

Shell chief: oil to stay at current lows for rest of year

From an article by Andrew Critchlow, Commodities editor, The Telegraph, published 12 Feb 2015 under the headline:  Shell chief: oil to stay at current lows for rest of year Oil prices are set to remain at the current six-year lows for the rest of 2015, the boss of the country’s largest oil and gas company will […]

Big Oil Unable To Increase Reserves To Counter Declining Production

Bidness Etc discusses why major oil firms have been unable to replace their new reserves, despite crude production level falling since last year amid tumbling crude price By: MICHEAL KAUFMAN: Published: Feb 8, 2015 at 8:40 am EST According to the quarterly results announced during the past few weeks, major oil companies have reported a mediocre […]

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