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Houston We Have A Problem: Oil Workers Strike For Safety & Fair Labor

Article by Alvaro Rodriguez and Jane Nguyen published 25 Feb 2015 by MINTPRESS NEWS under the headline: Oil workers holding picket signs in front of the Shell oil refinery in the Houston Ship Channel In the largest strike since 1980, oil workers who are members of United Steelworkers District 13 locals (Locals 13-1 and Local 13-227) are no […]

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 […]

Offshore oil drilling opponents scold Port of Seattle for Shell deal

Article by Ted Land, KING 5 News: 24 Feb 2015 SEATTLE — The Port of Seattle got quite the earful, Tuesday from a group opposed to offshore oil drilling. They’re irate that the port is doing business with Shell, which plans to use Terminal 5, near West Seattle, as a launching point as it prepares to […]

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 Industry Blasts Latest Rules For Arctic Drilling

This article was written by Oilprice.com , the leading provider of energy news in the world. Oil Industry Blasts Latest Rules For Arctic Drilling The energy industry has been quick to criticize the Obama Administration’s proposed regulations for exploratory drilling in the US Arctic Ocean, calling them “unnecessarily burdensome.” The Interior Department proposed Feb. 20 its […]

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 […]

Shell Replaced Only 26% Of Its Produced Reserves In 2014

From an article by Zoltan Ban published 23 Feb 2015 by Seeking Alpha under the headline: Shell Replaced Only 26% Of Its Produced Reserves In 2014 Summary Shell replaced only 26% of its produced reserves in 2014. The three year average rate of reserve replacement is 67%. Even with potential for growth in the downstream, […]

Groups derail Shell refinery plan

Article by Gary Chittim published 23 February 23, 2015 by King5.com under the headline: Groups derail Shell refinery plan Seattle – Six environmental groups successfully challenged approval for a rail expansion that would bring oil trains directly to the Shell Oil Refinery in Anacortes. The project was initially moved along by Skagit County through a […]

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 […]

Plea to Shell from students of the International School of the Stockholm Region

Plea to Shell from students of the International School of the Stockholm Region  COPY OF AN EMAIL SENT TO MICHIEL BRANDJES, JOHN DONOVAN AND OTHERS Dear Shell, We are students from the International School of the Stockholm Region and we are writing to express our concern about how your company is affecting our environment. Each year […]

U.S. refinery strike widening to include largest refinery

HOUSTON Sat Feb 21, 2015 12:13am EST (Reuters) – The U.S. refinery strike was widening on Friday night as workers at the nation’s largest refinery gave notice of a walkout beginning at 12 a.m. (0600 GMT) on Saturday, the United Steelworkers union (USW) said. Shortly after talks between union and oil company representatives ended on […]

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 […]

Exxon Mobil Preparing to Buy BP? (More Speculation)

By: MICHEAL KAUFMAN Published: Feb 13, 2015 at 8:00 am EST According to the recent reports from several financial media outlets, Exxon Mobil Corporation (NYSE:XOM) is in the market to hunt. The multinational oil giant is one of the strongest defensive companies in the energy sector. It performs fairly well in low-price environments. The American […]

Shell one step closer to resuming exploration in the Chukchi Sea

From an article by Tim Bradner published by Alaska Journal of Commerce on 12 Feb 2015 under the headline: “One regulatory hurdle cleared for Arctic OCS drilling” Shell is officially one step closer to resuming exploration in the Chukchi Sea. On Thursday the U.S. Bureau of Ocean Energy Management released its final supplemental environmental impact […]

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