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Posts under ‘United States’

Oil prices continue to fall

Shell, BP and Petrofac shares close down as Opec decides not to cut oil production. Stocks of major oil producers were in the firing line as their profits are hugely dependent on the price of oil they extract. Royal Dutch Shell, for example, fell 4.3 percent while Total SA dropped 4.1 percent. LONDON — Oil […]

OIL, OIL, TOIL AND TROUBLE

ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014 The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other […]

Oil price slump

Vladimir Putin has said that Russia could suffer “catastrophic consequences” from sanctions, the falling oil price and the sliding rouble, while claiming they would have knock-on effects for other countries. Prices could plunge to $60 US a barrel if OPEC does not agree to a significant output cut this week, according to market players. Lower […]

Why we love American lawyers

Just eight months ago, prominent Los Angeles attorney Tom Girardi used words like ”disgusting” and “despicable” to describe Shell Oil Co. But Girardi’s tune has changed since the company offered $90 million earlier this month to settle the lawsuit…: “The Shell defendant has shown great honesty and integrity,” Girardi said last week. Shell offers $90 […]

Crude Priced At $75

Bidness Etc discusses the various crude prices experts feel will allow the US companies to break even and highlights the impact of lower oil price on US oil companies next year Extracts from a Bidness Etc article Published: November 21, 2014 at 10:47 am EST By: Micheal Kaufman The hydraulic fracturing techniques used by the […]

Oil price slump: fire sale of Shell assets gathers pace

*Royal Dutch Shell Plc has sold a $600 million stake in a Nigerian oil lease as part of its plan to sell off $15bn worth of assets around the world. The fire sale no doubt has added momentum in view of the collapse in the price of oil. Shell has already disposed of under-performing assets […]

Sad faces at Shell?

Last month, the suits over at Shell put on their sad faces and went to the White House to ask for more time to burn through another billion or two. I tell ya, these guys are gluttons for punishment. After eight years and more than $6 billion, Shell has come up completely empty on its […]

Drilling in Alaskan Arctic relatively easy said Shell VP before being fired

By John Donovan According to a recent article published by Bloomberg – Shell Seeks to Drill in Arctic in 2015, Defying Green Activists – Shell CFO Simon Henry, calling on all his vast experience as an accountant, voiced the opinion that it is not difficult to drill in the Arctic. His assessment is surprisingly similar […]

US District Judge Adamant On Earlier Ruling Over BP’s Mexican Oil Spill

    US district judge Carl Barbier has refused to change his ruling over BP‘s Gulf of Mexico oil spill, claiming that BP got what it deserved Published: November 15, 2014 at 8:43 am EST By: Micheal Kaufman FULL ARTICLE RELATED ARTICLES – WHAT HAPPENED TO BP IN THE US COURTS COULD HAPPEN TO SHELL […]

California Joins Natural Gas Lawsuit Against BP

California joins BP‘s former employee over a lawsuit accusing the oil giant of supplying overpriced natural gas to the state and violating the natural gas contract between the state and BP Published: November 14, 2014 at 8:52 am EST By: Micheal Kaufman BP plc (ADR) (NYSE:BP) along with its trading partners was accused of charging […]

Shell also had a bad day in the US courts

By John Donovan Today’s headlines about Shell’s PR debacle arising from a case in UK courts about Shell’s lying, cheating, and related environmental crimes in Nigeria, have an echo in Shell’s failed machinations in the USA courts. Shell lawsuit against environmental groups ruled unconstitutional: LA Times On Wednesday, a federal appeals court called Shell’s legal strategy […]