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Posts under ‘Oil Prices’

Royal Dutch Shell To Delay Drilling Of Australian Well

By: MICHEAL KAUFMAN Published: Mar 31, 2015 at 1:57 pm EST Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) has postponed its $100 million-plus exploration well in Australia’s north-east cost. The Den Haag-based energy company’s project known as the Cronus-1 was initially scheduled to start drilling in the first quarter of 2015 in the Browse basin. However, […]

How Shell, BP, And Total SA, Can Profit From The Oil Price Crash

By: MICHEAL KAUFMAN: Published: Mar 30, 2015 at 9:26 am EST Despite largely unfavorable movement in crude oil price during the recent months, some of Europe’s biggest oil companies are finding support from trading desks as they face a prolonged slump, which has seen oil price hit six-year lows. In the three years before the summer […]

Shell delays Australian drilling plans as crude oil prices dive

From an article by Angela Macdonald-Smith published Monday 30 March 2015 in the Sydney Morning Herald: Royal Dutch Shell delays WA drilling plans as crude oil price dives Extracts Royal Dutch Shell’s delay of the drilling of a $100 million-plus exploration well off Australia’s north-west coast is the latest example of modified plans in the wake […]

Shell conducts drills with Arctic oil spill response system

From an article by Jennifer A. Dlouhy published 26 March 2015 by fuelfix.com Shell conducts drills with Arctic oil spill response system WASHINGTON — Shell’s Arctic oil spill response system is undergoing drills in waters near Bellingham, Washington, with government officials observing the exercises. Shell Oil Co. is conducting the testing as it plans a new round […]

Why Shell Is Cutting Jobs In The North Sea

Here’s Why Royal Dutch Shell Is Cutting Jobs In The North Sea By: MICHEAL KAUFMAN: Published: Mar 26, 2015 at 1:13 pm EST Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) has announced to cut 250 jobs in the UK North Sea region. The move comes ahead of more than 50% decline in crude oil prices. As a […]

Shell to cut more UK North Sea jobs in 2015

Thursday 26 March 2015 (Reuters) – Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry. “Shell UK plans to reduce […]

Shell sees only 15%-20% of Canada LNG projects advancing

Article by Carl Surran published 25March 2015 by SeekingAlpha.com Shell sees only 15%-20% of Canada LNG projects advancing A top executive at Royal Dutch Shell (RDS.A, RDS.B) says he expects only 15%-20% of liquefied natural gas export projects already approved by the Canadian government to go ahead in the next decade. Markus Hector, Shell’s general […]

Nigeria: Shell completes $1.7 billion sale of Nigerian assets to Aiteo

Shell completes $1.7 billion sale of Nigerian assets to Aiteo ABUJA (Reuters) – Oil major Shell said on Wendesday it completed the sale of its 30 percent stake in the Nigerian oil block 29 and the Nembe Creek trunk line to Aiteo Eastern Exploration and Production Co for $1.7 billion. Total and Eni’s Nigerian arms […]

Royal Dutch Shell cuts IT contractor pay rates by 15%: Accept or face termination!

An article published 25 March 2015 by ContractorUK.com under the headline: Royal Dutch Shell cuts IT contractor pay rates Royal Dutch Shell has reduced pay for IT contractors, telling such temporary technology workers to lower their rates by 15% or face termination. The Angel-Dutch oil giant told ContractorUK that current market volatility has made the […]

Nigeria: Oil Spill – Era/FoEN Accuses Shell of Denying Communities JIV Reports

“THE NIGER DELTA, Nigeria—Oil is so cheap these days that for people around here, it isn’t even worth stealing anymore.” An article by Igoniko Oduma published 24 March 2015 by AllAfrica.com/Daily Independent (Lagos): Nigeria: Oil Spill – Era/FoEN Accuses Shell of Denying Communities JIV Reports Yenagoa — The Environmental Rights Action/Friends of the Earth (ERA/FoEN) […]

Why The Oil Price Could Fall Even Further

From an article by Prabhat Sakya published 24 March 2015 by The Motley Fool under the headline: BP plc And Royal Dutch Shell plc: Why The Oil Price Could Fall Even Further The oil price has fallen dramatically since last summer. This has meant difficult times for the oil producers, including companies such as BP and […]

Shell Gives Conditions for More Investments in Nigeria

An article by Ejiofor Alike published 24 March 2015 by ThisDayLive.com Shell Gives Conditions for More Investments in Nigeria Shell Petroleum Development Company (SPDC) has given conditions for it to invest in Nigeria, saying that though it has divested assets, it is also ready to invest more than it has divested if the operating environment […]

Changes to the North Sea tax regime

PRESS RELEASE – FOR IMMEDIATE RELEASE Quo Vadis – Budget 2015: a further step in the right direction Hannon Westwood welcomes the changes to the North Sea tax regime announced by the Chancellor on Wednesday, aimed at stimulating and prolonging investment in the UKCS. Significant and positive steps have been taken to relieve the overall […]

How Shell And BP Will Benefit From Tax Cut in North Sea

By: MICHEAL KAUFMAN: Published: Mar 22, 2015 at 9:56 am EST As UK’s North Sea oil industry suffers from declining production and a prolonged slump in oil price, the government has given oil companies a good reason to rejoice. George Osborne, UK’s Chancellor of the Exchequer, announced earlier this week the government’s decision to reduce tax […]

New Federal Rules Are Set for Fracking

FROM AN ARTICLE BY CORAL DAVENPORT PUBLISHED IN THE NEW YORK EDITION OF THE NEW YORK TIMES ON 21 MARCH 2015 New Federal Rules Are Set for Fracking Extracts WASHINGTON — The Obama administration on Friday unveiled the nation’s first major federal regulations on hydraulic fracturing, a technique for oil and gas drilling that has […]

Massive Layoffs Occurring in the Oil Industry

From an article by Wall Street Sector Selector Staff published 19 March 2015 read moreLike this:Like Loading…

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