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Posts under ‘Oil Prices’

Logistics and Lizards Disrupt Chevron’s Project Off Australia

Chevron agreed to share the cost with Exxon Mobil, Shell and three Japanese power companies, Osaka Gas, Tokyo Gas and Chubu Electric Power. “This is probably the last of the megaprojects for the oil companies for a while…” By A. ODYSSEUS PATRICK: JULY 3, 2015 SYDNEY, Australia — Getting anything to Chevron’s gas-processing plant on Barrow Island […]

Royal Dutch Shell CEO Blames Saudi Arabia For Slowed US Shale Growth

Bidness Etc takes a look at how Saudi Arabia led to slowed growth of the US shale oil industry By: MICHEAL KAUFMAN: Published: Jul 2, 2015 at 9:37 am EST The Organization of Petroleum Exporting Countries (OPEC), led by Saud Arabia, usually monitors the crude oil supplies and prices prevailing in the market. The US energy […]

Shell Chief says U.S. shale producers under pressure from Saudi Arabia -FT

Wed Jul 1, 2015 OPEC’s decision, led by Saudi Arabia, to not cut oil production has put pressure on U.S. shale gas producers which in turn has put brakes on America’s energy boom, the chief executive of Royal Dutch Shell Plc said in an interview with the Financial Times published on Wednesday. Ben van Beurden […]

Shell Executives Visit Tehran for Projects If Sanctions End

by Javier Blas 24 June 2015 Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done. The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. […]

Can You Really – Really – Be Sure Of Shell?

By Owain Bennallack – Thursday, 18 June, 2015 Making glib comments about the flaws of tracker funds – or even more so the foolishness of those who invest in them – is a mug’s game.  The evidence shows that over the long term, tracker funds beat most actively managed ones, not least because of the far […]

Shell Cleared For Exploration Off Nova Scotia

By Andy Tully: Posted on Wed, 17 June 2015 Shell Canada Ltd. is ready to begin exploratory drilling off the coast of Nova Scotia now that it has received conditional approval for the project from the country’s environmental minister. Canada’s Environmental Assessment Agency issued the decision the night of June 15 after the environmental minister, Leona […]

Low oil price hits $200 billion in mega-projects

* Ernst and Young say more project delays likely * Say at least 24 projects worth more than $1 bln put on ice By Ron Bousso LONDON, June 16 (Reuters) – Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to […]

Shell Gets U.S. Permit to Disturb Marine Life Off Alaska’s Coast

Bloomberg.com article by Mark Drajem: June 16, 2015 Royal Dutch Shell Plc received U.S. approval to disturb marine mammals as part of its plan to resume oil exploration off Alaska’s Arctic coast. The National Oceanic and Atmospheric Administration issued an “incidental harassment authorization,” which allows noise from air guns, icebreaking, drilling and anchor handling. The June […]

Why I’d Buy British American Tobacco plc Before Royal Dutch Shell Plc

By Peter Stephens – Tuesday, 16 June, 2015 EXTRACTS For investors in Shell the last year has been particularly tough. The declining oil price has hit its profitability and investor sentiment very hard, with Shell’s share price falling by 24% during the period, while the outlook for ‘black gold’ remains highly uncertain. While Shell’s financial performance […]

U.S. Ousts Russia as Top World Oil, Gas Producer

Article by Rakteem Katakey published 10 June 2015 by Bloomberg.com The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a record last year, gaining 1.6 million barrels a day, according […]

BP sees ‘tectonic shift’ in world energy production

BP sees ‘tectonic shift’ in world energy production Oil giant’s chief economist says energy consumption slowed dramatically last year as China cutback and Opec battled US shale drillers for supremacy of world markets By Andrew Critchlow, Commodities editor:10:00AM BST 10 Jun 2015 Global energy consumption slowed to its slowest rate of growth since the late […]

Royal Dutch Shell stock has fallen by over 26% in the last year

By: MICHEAL KAUFMAN: Published: Jun 10, 2015  The stock for Royal Dutch Shell Plc. (ADR) (NYSE:RDS.A) has fallen by over 26% in the last one year. The S&P 500 during the same period rose by 6.71%. The decline in the stock prices of energy companies has been a norm. Over the last one year, crude oil […]

Mars joins BP and Shell in opposing European financial market regs – FT

NEW YORK: 7 JUNE 2015 Confectionery company Mars Inc has joined oil companies BP Plc and Royal Dutch Shell Plc to oppose planned new European financial market regulations, arguing that they would increase volatility and reduce liquidity in raw materials markets, according to a report by the Financial Times on Sunday. The companies, along with […]

Saudi Arabia Lets The World Drown In Oil

Article by Nathan Vardi: Forbes Staff: Friday 5 June 2015 To the surprise of nobody, Saudi Arabia and the other OPEC member states decided in Vienna on Friday to maintain production targets of 30 million barrels a day, making sure the world remains flooded with oil. The fact that OPEC—particularly the core countries of Saudi Arabia, […]

BG deal disguises a hole in Shell’s financial projections

The market is having one of its periodic anxiety attacks about Big Oil.  BG deal disguises a hole in Shell’s financial projections and the dividend is not sustainable. Shell shares have slumped by 14%. sort of yield may not come again. FULL FT ARTICLE:  5 June 2015 (WITH WORKING LINKS) Like this:Like Loading…

Shell CFO Expects Oil Rebound as Shale Fails to Fill Supply Gap

Article by Firat Kayakiran and Jonathan Ferro published 3 June 2015 by Bloomberg.com Royal Dutch Shell Plc sees oil prices increasing because supply from shale drilling in the U.S. won’t be enough to meet increasing global demand. The industry needs to find an additional 4 million barrels to 5 million barrels a day of supply every year to […]

Prices Are Down, but Saudis Keep Oil Flowing

Article by CLIFFORD KRAUSS and STANLEY REED published 1 June 2015 in the New York edition of The New York Times under the headline Prices Are Down, but Saudis Keep Oil Flowing HOUSTON — The international cartel of oil producers has long followed the same basic strategy. When the market was soft, the group slashed production […]

Opec under siege as Isil threatens world’s oil lifeline

Opec under siege as Isil threatens world’s oil lifeline By Andrew Critchlow: 30 May 2015 Thick black smoke rising from the Baiji oil refinery could be seen as a dirty smudge on the horizon as far away as Baghdad after fighters from the Islamic State of Iraq and the Levant (Isil) set fire to the enormous […]

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

Terry Macalister read moreLike this:Like Loading…

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 […]