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Posts under ‘Oil Prices’

Could Shares In BP plc And Royal Dutch Shell Plc Collapse By More Than A Third?!

By Royston Wild – Friday, 29 May, 2015 “In my opinion both stocks are in danger of a severe share price collapse as the oil market outlook becomes ever gloomier.” Shares across much of the oil sector have received a massive fillip in recent months in line with a recovery in the crude oil price. […]

Shell Elects Huibert Vigeveno To Lead BG Group Merger

By: MICHEAL KAUFMAN: May 29, 2015  European oil giant Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) has elected the head of its Chinese operations to lead the company’s planned merger with UK-based natural gas company, BG Group Plc (ADR) (OTCMKTS:BRGYY), as it seeks approval from regulatory authorities in several countries. Earlier this week, the oil company told […]

OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated

by Grant Smith and Maher Chmaytelli: Bloomberg.com: 27 May 2015 When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side. Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the […]

Shell faces what amounts to an almost existential crisis

Analysts Downgrade Troubled Shell Given Mornigstar’s view that long-term oil prices will be well below $100 going forward, we don’t believe Shell’s has a lasting competitive advantage over its peers Stephen Simko, CFA 27 May, 2015 Shell (RDSB) faces what amounts to an almost existential crisis: even when oil prices were $100 its portfolio was […]

Oil Majors Falling Out Favor With This Hedgefund Boss

By Andy Tully: Posted on Tue, 26 May 2015 Huge oil companies, among the largest businesses in the world, don’t excite hedge fund manager Jim Chanos because today they have to work harder and more inefficiently than ever to bring their products to market. “[W]e’re just seeing that … these guys like Exxon and Chevron and […]

Shell lays out its Arctic plans

Article by Jennifer A. Dlouhy published May 21, 2015 by The Houston Chronicle Shell lays out its Arctic plans Photo: Jennifer A. Dlouhy/Houston Chronicle SEATTLE – The executive leading Shell’s Arctic drilling program on Thursday outlined ambitions to drill new wells in the Chukchi Sea this summer, instead of returning to the one the company started three […]

Royal Dutch Shell, BP plc Oppose New European Oil Trading Regulations

By: MICHEAL KAUFMAN: Published: May 21, 2015  Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has sided with oil rival BP plc (ADR) (NYSE:BP) in calling on European regulators to step back from enforcing tougher new capital requirements and increased disclosure measures pertaining to oil trading. The Markets in Financial Instruments Directive or Mifid II regulations are being […]

Oil Price Fixing

FROM A REGULAR CONTRIBUTOR Campaigns by or on behalf of Shell It’s interesting that we have campaigns (one fronted by BP, but backed by Shell, and the other fronted by Shell’s lawyers, de Brauw) which will have the effect of avoiding regulation of oil trading activities, and will also decriminalise fraud for companies in Holland. […]

Shell joins BP in calls against excessive oil trading regulation

May 20 2015 | By: Carl Surran, SA News Editor Shell joins BP in calls against excessive oil trading regulation Royal Dutch Shell (RDS.A, RDS.B) joins BP in calling on European regulators to refrain from imposing stricter capital requirements and greater disclosure measures on oil trading. Regulators would achieve undesired effects if companies and trading […]

Energy groups ax $100B in total spending after oil rout

Article by: Carl Surran, SA News Editor, Seeking Alpha: 18 May 2015 Energy groups ax $100B in total spending after oil rout More than $100B of spending on at least 26 major projects by the world’s energy companies has been slowed, postponed or canceled in the wake of plunging oil prices, including Royal Dutch Shell […]

Shell’s Report On Foreign Corrupt Practices Act Violation Privileged: Texas High Court

By Jess Davis Law360, Dallas (May 15, 2015, 7:02 PM ET) — The Texas Supreme Court on Friday held that a report Shell Oil Co. made to the U.S. Department of Justice about a possible Foreign Corrupt Practices Act violation is absolutely privileged and cannot be the basis for an employee’s defamation claim. Siding with […]

Shell accused of strategy risking catastrophic climate change

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Shell’s Arctic voyage marks beginning of peak oil era

Shell’s Arctic voyage marks beginning of peak oil era Anglo-Dutch company’s search for resources in the Arctic is a sign that the world is running out of options for new oil reserves By Andrew Critchlow, Commodities editor In his critically acclaimed 2005 book ‘Twilight in the Desert’, the prominent oil economist Matthew R. Simmons predicted […]

Hundreds of activists launch floating protest against new Arctic drilling rig

Hundreds of activists launch floating protest against new Arctic drilling rig: Sunday 17 May 2015 Hundreds of activists decked out in neoprene wetsuits and life jackets took to the water off Seattle in kayaks, canoes, paddleboards and other vessels to send the message that Royal Dutch Shell should cancel its plan to drill in the […]

Anti-Arctic drilling kayak activists hold ‘Shell No’ protest

Martha Bellisle: Associated Press: May 16, 2015 Anti-Arctic drilling kayak activists hold ‘Shell No’ protest SEATTLE — Activists opposed to drilling for oil in the Arctic plan to launch a flotilla of kayaks and other boats on Seattle’s Elliott Bay on Saturday, two days after the arrival of a towering oil rig that is the centerpiece of Shell’s […]

Protesters in Seattle to take on Shell Arctic oil drilling plans

SEATTLE | BY VICTORIA CAVALIERE Commodities | Sat May 16, 2015 12:00pm BST Hundreds of activists, many in boats and kayaks, were gearing up on Saturday to protest plans to store two Royal Dutch Shell drilling rigs in Seattle’s waterfront before the oil giant resumes Arctic oil exploration this summer. Environmental groups have vowed to […]

Seattle ‘kayak-tivists’ take on Shell in battle over Arctic oil drilling

Seattle ‘kayak-tivists’ take on Shell in battle over Arctic oil drilling Rose Hackman in New York: Saturday 16 May 2015 12.30 BST To Klapstein, the correct analogy is that of a plane crash. “Can you imagine being told to get on a plane that has a 75% chance of crashing? Who gets on a plane that has a […]

Why is Shell steaming toward risk with oil at $65 a barrel?

By Eric Roston published 16 May 2015 by Bloomberg.com In December 1979, in the wake of the Iranian revolution and the oil price shock, executives from the biggest energy companies converged on Fairbanks for an auction of leases to drill in Alaska’s Beaufort Sea. Oil was nearing a then-record $29 a barrel. “This is the hottest area in […]

Shell oil rig arrives in Seattle waters amid protests, permit controversy

Shell oil rig arrives in Seattle waters amid protests, permit controversy Markets | Thu May 14, 2015 7:24pm EDT The first of two Royal Dutch Shell drilling rigs slated for Arctic oil exploration arrived in Seattle on Thursday as environmental activists geared up for days of protests over plans to store the equipment at the […]

Shell considers small North America energy deals even after BG

Shell considers small North America energy deals even after BG Deals | Thu May 14, 2015 12:58am BST Royal Dutch Shell Plc (RDSa.L) will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc (BG.L), Marvin Odum, director of Shell’s Americas […]

Arctic drilling for ‘extreme oil’ is risky – and letting Shell do the work is reckless

Wednesday 13 May 2015 America’s Arctic Ocean belongs to all of us. The Beaufort and Chukchi Seas provide habitat for countless species of wildlife. This is one of the most unique marine ecosystems in the world, home to the entire population of US polar bears. Many of America’s most beloved marine creatures thrive here, including […]

Shell: Port lease is valid, so drill rigs coming to Seattle despite pleas for delay, protests

By GENE JOHNSON and PHUONG LE, Associated Press: 13 May 2015 SEATTLE (AP) — Royal Dutch Shell is forging ahead with plans to park two Arctic oil drilling rigs in Seattle, risking possible fines from the city and ignoring port commissioners who have asked Shell to wait. Shell’s plan to move the two rigs to […]

Shell braves a return to its Arctic ordeals: But, with oil at such a low price, why now?

By LAURA CHESTERS FOR THE DAILY MAIL: 13 May 2015 New Year’s Eve 2012 is a date Lieutenant Commander Jim Cooley will never forget. As part of the rescue team from the US Coast Guard he flew out in treacherous, stormy conditions to rescue 18 men aboard Royal Dutch Shell’s stranded Kulluk oil rig. Earlier that […]

Shell to Seattle: Oil drill rigs are coming

Shell to Seattle: Oil drill rigs are coming: 13 May 2015 Royal Dutch Shell says it has a valid lease for Seattle terminal space and a tight timeline to prepare its fleet for exploratory oil drilling in Arctic waters so it plans to move its drill rigs to this city despite the protests of activists […]

Here’s why Obama is approving Arctic drilling again

By Timothy Gardner: 12 May 2015 (Reuters) – For a leader who has made fighting climate change a priority, President Barack Obama’s decision to approve Royal Dutch Shell’s return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction. On Tuesday, his administration upheld a 2008 Arctic lease sale, clearing […]

OPEC Expects Oil Prices to Be About $76 a Barrel in 2025 – WSJ

OPEC Expects Oil Prices to Be About $76 a Barrel in 2025 – WSJ Monday, 11 May 2015 The Organization of the Petroleum Exporting Countries (OPEC) expects oil prices to be about $76 a barrel in 2025 in its most optimistic scenario, the Wall Street Journal reported, citing a draft of the cartel’s latest strategy […]

Seattle ruling won’t derail Shell’s Arctic quest, executive vows

Seattle ruling won’t derail Shell’s Arctic quest, executive vows Posted on May 5, 2015 | By Jennifer A. Dlouhy HOUSTON — A ruling by the city of Seattle may throw a wrench into Shell’s Arctic drilling plans, but it won’t delay the company’s plans to bore two new wells in the Chukchi Sea this summer, […]

Refining Saves The Day For Exxon and Shell

By Andy Tully: Posted on Sun, 03 May 2015 The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected. Related: Key Signals That Oil Prices Are On The Up Profits for Shell, […]

Shell, Total align trading and refining units to drive profit growth

By Dmitry Zhdannikov and Ron Bousso: 1 May 2015 Shell, Total align trading and refining units to drive profit growth * Shell, Total restructure to combat falling oil prices * Refinery profits also under pressure from competition * Oil firms fighting off challenge from trading houses LONDON, May 1 (Reuters) – Top oil firms Royal […]

Energy earnings run dry in Americas

FT: Energy earnings run dry in Americas By Ed Crooks, Christopher Adams and David Crouch ExxonMobil and ConocoPhillips of the US on Thursday reported that they lost money on oil and gas production in their home country in the first quarter. Meanwhile, Royal Dutch Shell disclosed a $1.1bn loss at its upstream exploration and production […]

Shell cuts 2015 capex, sees downstream downturn

Shell cuts 2015 capex, sees downstream downturn London (Platts)–30 Apr 2015 * Capex reduced by more than $2 billion * Decision on Majnoon development pushed back to 2017 * CFO says refining margins already worsening Shell said Thursday it had reduced its expected 2015 capital expenditure to $33 billion from previous guidance of a little […]

Royal Dutch Shell profits slump as oil price slide puts energy giant on back foot ahead of mega-merger with BG

Earnings dropped steeply from $7.33billion last year to $3.25billion Company hopes oil prices will rise to $90 a barrel by 2018  By MARK SHAPLAND FOR THIS IS MONEY: 30 April 2015 Oil giant Royal Dutch Shell has reported a near 60 per cent slump in first quarter profits after it was hit by the fall […]

Shell’s first-quarter profits plunge 56% to $3.2bn

FT: Shell’s first-quarter profits plunge 56% to $3.2bn 30 April 2015 Christopher Adams, Energy Editor Royal Dutch Shell suffered a near 60 per cent slide in first-quarter profits, hit by plunging crude prices, but beat expectations as a strong contribution from its refining and trading business prevented a steeper fall. FULL FT ARTICLE Like this:Like […]

Royal Dutch Shell Plc CEO Statement

STATEMENT BY ROYAL DUTCH SHELL PLC CEO, BEN VAN BEURDEN: 30 April 2015 “Our results reflect the strength of our integrated business activities, against a backdrop of lower oil prices. Meanwhile, in what is clearly a difficult industry environment, we continue to take steps to further improve competitive performance by redoubling our efforts to drive […]

Shell Posts Rise in Profit Despite Sharp Revenue Decline

The Wall Street Journal: Shell Posts Rise in Profit Despite Sharp Revenue Decline Fall in revenue indicates impact of low oil prices By IAN WALKER and SARAH KENT April 30, 2015 LONDON— Royal Dutch Shell PLC on Thursday reported a 7% rise in first-quarter profit from a year earlier but also posted a steep fall […]

Shell profits beat expectations on refining boost

Shell profits beat expectations on refining boost: Business | Thu Apr 30, 2015 7:26am BST (Reuters) – Royal Dutch Shell on Thursday reported a lower than expected 56 percent drop in first quarter net income at $3.2 billion (2 billion pounds), as refining and trading profits offset a decline in earnings from oil and gas […]

Time, and oil prices, ticking for Shell-BG deal

LONDON | BY DMITRY ZHDANNIKOV, SINEAD CRUISE AND RON BOUSSO: Wed, 29 April 2015 “…its not inconceivable that BG shareholders could start to agitate for a higher bid or indeed a competing bid..” (Reuters) – Rising oil prices are putting Royal Dutch Shell (RDSa.L) under pressure to execute its landmark $70 billion deal to buy […]

US CLASS ACTION LAWSUIT AGAINST SHELL AND OTHERS FOR OIL PRICE FIXING

(NOW UPDATED WITH 98 PAGE DOCUMENT FILED 24 APRIL 2015 WITH THE U.S. COURTS) A 194 page Complaint filed in the US Courts two months ago confirms that investigations are underway by the U.S. Federal Trade Commission, the EU Commission and the UK Serious Fraud Office into an alleged oil price-fixing conspiracy involving Shell, BP, […]

Oil Prices Decline Forces Royal Dutch Shell And Total To Postpone West Africa Offshore Projects

Bidness Etc looks at Royal Dutch Shell and Total SA’s West Africa projects and why the projects are facing delays By: MICHEAL KAUFMAN: Apr 28, 2015 The decline in global oil prices has led to a downturn in the energy industry, with oil companies being forced to take drastic steps to address the situation. One of […]

Shell Faces Pressure to Disclose Priorities

Article by JUSTIN SCHECK published April 28, 2015 by The Wall Street Journal Investors this week will seek answers on cost-cutting, BG deal, Arctic drilling LONDON—When Royal Dutch Shell PLC reports quarterly earnings on Thursday, investors will be hoping for some detail on how the company plans to cut spending to weather today’s low oil prices—and simultaneously […]