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Posts Tagged ‘Canada’

EXXONMOBIL TAKE ON GLOBAL ENERGY OUTLOOK

By: MICHEAL KAUFMAN Published: Dec 10, 2014 at 10:02 am EST Exxon Mobil Corporation(NYSE:XOM) revealed its annual energy outlook yesterday and maintained its stance despite the fact that crude price has declined 40% since its peak in late-June. This has resulted in energy companies slashing down their capital spending plans and slowing down growth in […]

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 blocking Canadian transparency/anti-corruption initiative?

By John Donovan The Globe and Mail newspaper in Canada has published an article by Alan Detheridge, a former Royal Dutch Shell senior executive. A Vice President of Shell Canada when he left the company after 30 years. He must have known the company very well after all that time. If I have not misunderstood […]

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 […]

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, […]

Shell suspends development of Canada’s Jumping Pound gas liquefaction unit

Extracts from a Reuters article published Friday 18 July 2014 LONDON, July 18 (Reuters) – Royal Dutch Shell said it has suspended development of a liquefaction unit at Canada’s Jumping Pound facility… “We believe LNG (liquefied natural gas) in transport is a considerable opportunity for Shell, but it is an emerging market and we must […]

Explosion At Sarnia Shell Plant

Ronald Daye, 55, was just 24 days away from retiring from Shell Canada near Corunna when he was burned Wednesday in an explosion at the refinery’s steam plant. By Paul Morden, Sarnia Observer, Friday, July 4, 2014  Ronald Daye, 55, was just 24 days away from retiring from Shell Canada near Corunna when he was burned […]

Shell hires drill ship for 2015 exploration off Nova Scotia

Extract from a Herald Business article by Joann Alberstat published 26 May 2014 Shell Canada has a deepwater drill ship lined up to use off the coast of Nova Scotia next year as part of its $1-billion exploratory program. The 228-metre vessel, owned by Stena Drilling of Aberdeen, Scotland, is now drilling for Shell in […]

Centrica JV Buys Canadian Assets From Shell for C$50M

Extract from a Wall Street Journal article by Ian Walker published 15 May 2014 LONDON–Natural gas firm Centrica PLC (CNA.LN) said Thursday that its joint venture with Qatar Petroleum International is buying a package of natural gas assets in the Foothills region of Alberta from Shell Canada Energy for 50 million Canadian Dollars ($45.85 million). […]

Shell-led proposal for Kitimat LNG plant incorporates its joint venture

Extract from an article by Derrick Penner, published by The Vancouver Sun on 30 April 2014 VANCOUVER — Partners in the Shell Canada-led proposal for a liquefied natural gas plant at Kitimat have formally incorporated their LNG Canada Joint Venture, the companies announced Wednesday, although they remain a long way from making a final investment […]

BP and Shell exposed as US prepares first warning shot against Russia’s oil and gas industry

Firms may be forced to curtail operations as G7 powers prepare to launch new sanctions    Extract from an article by Ambrose Evans-Pritchard published1:28PM BST 27 Apr 2014 by The Telegraph Britain’s top energy companies face an extremely delicate situation as the world’s G7 powers prepare to launch the next wave of sanctions against Russia, and […]