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Posts under ‘Shale Oil’

Royal Dutch Shell plc Wasn’t Kidding About Cutting Costs.

Article by Arjun Sreekumar published 16 April 2014 by The Motley Fool under the headline: “Royal Dutch Shell plc Wasn’t Kidding About Cutting Costs. But Will It Pay Off?” The company recently sold off key downstream assets in Australia, including a major oil refinery and network of some 870 retail gasoline stations, due to weak […]

Head-to-Head: BP vs Royal Dutch Shell

Extracts from an article by Holly Cook published 14 April 2014 by MorningStar Investor sentiment on Shell today is decidedly negative after years of poor execution. Shell’s big shale bets have been a huge bust, crushing the profits and returns of its upstream operations in North America. This is likely to be a drag on […]

Fracking earthquakes

Extract from an article by Carey Gillam published by Reuters, 5 April 2014, under the headline: Series of small earthquakes rock Oklahoma in record seismic activity (Reuters) – Earthquakes rattled residents in Oklahoma on Saturday, the latest in a series that have put the state on track for record quake activity this year, which some […]

Shell turns to Asian suppliers in US shale race

Extract from an article by Guy Chazan and James Wilson published by The Financial Times on 1 April 2014 Royal Dutch Shell has said it will deploy more Chinese equipment at its struggling US shale business – becoming the latest natural resources company to try to reduce costs by switching to cheaper Asian suppliers. Mr […]

Shell turning to Asian suppliers

Extract from an articled published on 1 April 2014 by Seeking Alpha under the headline: Shell turning to Asian suppliers, underscoring threat to Caterpillar, Joy Global Royal Dutch Shell (RDS.A, RDS.B) says it will use more Chinese equipment at its struggling U.S. shale business, becoming the latest natural resources company to try to reduce costs […]

US now pumping 10 percent of the world’s crude

Extracts from an article by Emily Pickrell published 26 March 2014 by fuelfix HOUSTON — Boosted by the galloping pace of tight oil operations, the United States produced a tenth of the world’s oil at the end of last year, the Energy Information Administration reports. The shale boom has given the U.S. a production rate […]

Shell writes down value of its U.S. shale gas and liquids-rich assets by $2.5 billion

Photo Credit: Wikipedia Commons Extracts from an article by Arjun Sreekumar published on 19 March 2014 by The Motley Fool under the headline: “2 Key Areas Where Royal Dutch Shell plc Needs to Improve” To accomplish its goal of boosting cash flow and returns, Shell has identified two key business units as prime targets for […]

Shell reorganises American shale operations

Extracts from an Alice Young article published 19 March 2014 by under the headline: Shell share price: Group reorganises American shale operations Royal Dutch Shell Plc has reorganised its American shale gas and oil operations into a single business in an attempt to improve their performance, the Financial Times has reported. According to the […]

Shell’s CEO says the company plans to leave the Eagle Ford Shale

Extract from an article by Sanford Nowlin published on 18 March 2014 by San Antonio Business Journal. Oil-and-gas giant Royal Dutch Shell PLC will unload its investments in South Texas’ Eagle Ford Shale and cut U.S. capital spending by 20 percent after disappointing results from its domestic shale operations. FULL ARTICLE

Shell Oil fading

Extracts from an article by Robert Magyar published 15 March 2014 by under the headline: “Shell Oil fading in the Pennsylvania Marcellus” A new analysis of the second half 2013 Pennsylvania Marcellus shale oil and gas production shows the vast majority of Royal Dutch Shell’s 630 wells are under performing compared to its peers. […]

Shell will cut U.S. jobs

Extract from an article by Josh Cain published 14 March 2014 by Houston Business Journal under the headline: Shell will cut oil field spending, U.S. jobs after disappointing shale plays Royal Dutch Shell Plc (RYSE: RDSA), the oil and gas giant with a massive presence in Houston, said on March 13 that it would cut […]

Peter Voser regrets on unconventional oil and gas

Peter Voser said the failure of Royal Dutch Shell’s huge bet on US shale was a big regret of his time as chief executive of the company. Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But it is a bet that has yet to pay off. “Unconventionals did […]

Shell Trying To Tighten Grip On Its American Oil

Extracts from an article published 13 March 2014 by By Meagan Clark - Royal Dutch Shell’s CEO Ben van Beurden said Thursday that a tighter grip on its Upstreams Americas business will be integral to its plan to grow cash flow and improve returns. Shell is cutting spending in 2014 by 20 percent compared to […]

Shell to cut Americas upstream spending by 20 pct

Reuters article published LONDON, March 13 Thu Mar 13, 2014 3:14am EDT (Reuters) – Royal Dutch Shell said on Thursday it was cutting spending on American upstream by a fifth this year after it was impacted by losses in resources plays such as shale. “Shell is shrinking this portfolio and cost base, with 2014 spending […]