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Posts under ‘Oil Sands’

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. […]

Another nail in the coffin of tar sands

BBC NEWS: Obama vetoes Keystone oil pipeline bill: 24 Feb 2015 US President Barack Obama has vetoed a bill that would have approved construction of the Keystone XL oil pipeline. The Republican-led Congress sent the bill to the president on Tuesday. White House spokesman Josh Earnest said Obama vetoed the bill “without any drama or […]

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KAUFMAN Published: Feb 24, 2015 at 7:48 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) indicated on Monday that it has withdrawn the application to develop Pierre River Oil Sands in northern Alberta.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proposed by Shell Canada in 2007, split out of a joint application in 2009 and delayed indefinitely last year has been withdrawn entirely from the regulatory approval process.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 […]

Slump in Oil Prices Brings Pressure, and Investment Opportunity

An article by Michael Corkery and Peter Eavis published 2 Feb 2015 by The New York Times under the headline:  “Slump in Oil Prices Brings Pressure, and Investment Opportunity” American history is littered with oil busts that created big winners and losers. Now, as the cracks appear in the latest energy boom, the forces of […]

Who Will Rule the Oil Market?

OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015 WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the […]

Market Collapse: 5 percent of Shell’s capital invested in money-losing projects?

From an article by Joe Carroll and Tara Patel published 6 Jan 2015 by BloombergBusinessweek under the headline: “Oilfield Writedowns Loom as Market Collapse Guts Drilling Values”  Shell, Europe’s largest energy producer, may have as much as 5 percent of its capital tied up in money-losing projects. Extracts Tumbling crude prices will trigger a flood […]

Jesse Colombo, the economic analyst who predicted the oil prices bust 

FULL CREDIT TO THE EXPERT WHO CORRECTLY PREDICTED THE OIL PRICE CRASH By John Donovan In June of this year Forbes.com published an extensive prescient article by Jesse Colombo, an economic analyst, under the headline: “9 Reasons Why Oil Prices May Be Headed For A Bust” His prediction made 6 months ago: “There are a growing number […]

Shell and the National Gallery: welcome to a Moral Maze

Spotted this article on the website of the former Royal Dutch Shell executive, Paddy Briggs.  By Paddy Briggs I went to the superb exhibition “Rembrandt: The Late Works” at the National Gallery yesterday. The exhibition is sponsored by Shell – quite strongly as it happens. There are a couple of prominent Shell promotional displays and […]

Opec is finished – the oil crash will continue

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. The major oil companies will have to cut back on projects with a break-even cost below $80 for Brent […]

Shell Arts Sponsorship Protest at the National Gallery

By John Donovan Royal Dutch Shell has suffered a string of PR debacles.  In October 2013, Shell Out Sounds, a group of singers, musicians and activists who opposed Shell’s sponsorship of Southbank Centre, staged an unsanctioned performance from the Royal Festival Hall’s choir seats in protest of a Shell Classic International concert.  The campaigners condemned […]

Shell one of 5 Companies Al Gore Says Are Doomed

“Royal Dutch Shell is another company with a doomed oil sands project, according to the Carbon Tracker Initiative. Its Carmon Creek project needs oil prices to hit $157 per barrel in order to be profitable. On top of that, Royal Dutch Shell is seeking to drill for oil in the Arctic, which has already wasted […]

Royal Dutch Shell Plc .com News Roundup: 18 August 2014

THE CORRUPT SULTAN OF BRUNEI – RECIPIENT OF SHELL WEDDING GIFT BRIBERY Firstbiz. has published an article setting out 5 things it says you should know about the Sultan. See “Meet Sultan of Brunei, the man willing to shell out more than $2 bn for Sahara’s hotels” Extract: “Ironically, the Sultan’s Beverly Hills Hotel and […]

BP a better investment than Shell right now

Extracts from an article by David Thorpe published 22 July 2014 by What Investment under the headline: “M&G: BP is a better investment than Shell right now” Felton’s reason for not investing in Shell at present is that he believes the company has made a significant strategic blunder. ‘Shell has always been the high cost, […]

Construction hits midway point on Shell’s Quest carbon-capture project

Extract from an article by David Howell by the Edmonton Journal on 17 April 2014 FORT SASKATCHEWAN — Construction on Shell Canada’s Quest carbon capture and storage project is at the midway point and the facility should be ready to start operating in late 2015, company officials said Thursday. Quest will be the world’s first […]

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