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Posts Tagged ‘Canada’

JP Morgan Warns Royal Dutch Shell Investors

By: MICHEAL KAUFMAN Published: Mar 2, 2015 at 12:24 pm EST In a report published on Monday, JP Morgan has advised the stock market participants to keep an eye on the “five key factors” that could undermine RoyalDutch Shell plc (ADR) (NYSE:RDS.A) earnings during the first quarter of fiscal 2015 (1QFY15). JP Morgan is of […]

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 […]

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proposed by Shell Canada in 2007, split out of a joint application in 2009 and delayed indefinitely last year has been withdrawn entirely from the regulatory approval process.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 […]

Refinery operator Shell Canada charged for January 2013 incident at plant

By Paul Morden, Sarnia Observer: Friday, February 13, 2015 11:57:12 EST AM Refinery operator charged for January 2013 incident at plant Extracts Representatives of Shell Canada made a brief court appearance in Sarnia on Friday on environmental charges the company faces following an incident Jan. 11, 2013 at its plant near Corunna. Shell is scheduled to […]

Arctic Standards Won’t Be Ready For Shell’s Return

From an article by Liz Ruskin, Alaska Public Media: February 2, 2015 “Arctic Standards Won’t Be Ready For Shell’s Return” After Shell’s troubled 2012 drilling season in the far north, the Interior Department began working on Arctic-specific standards for offshore drilling. But those new standards aren’t done yet. Interior Secretary Sally Jewell says they won’t […]

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 […]

Tumbling oil prices

From a Bloomberg article by Joe Carroll and Tara Patel published 12 Jan 2015 by Business Report under the headline: “Analysis: Falling oil prices to trigger flood of write-downs” Extracts TUMBLING crude prices will trigger a flood of oilfield write-downs starting this month after industry returns slumped to a 16-year low, calling into question half a […]

Panic sets in: Shell Canada job cuts

From Business News Network: 9 Jan 2015 BNN Exclusive: Shell Canada lays off oil sands workers In the face of collapsing crude prices, Shell Canada confirms to BNN it will reduce its oil sands workforce. The company says less than 10 percent of its total oil sands headcount will be impacted, which currently stands at roughly […]

Shell in court again, this time Canada

From an article published by the observer.ca on 7 Jan 2015 under the headline: “Shell to appear Feb 13 in Sarnia court” Shell Canada has been charged by Ontario’s Ministry of Environment and Climate Change following a Jan. 11, 2013 incident at its plant near Corunna. Ministry spokesperson Kate Jordan said in an email that […]

High Noon on oil prices: OPEC vs U.S. Shale

From an article by Catherine Ngai published on 6 Jan 2015 by Reuters under the headline:  “High Noon on the Gulf Coast: Canada, Saudi oil set for showdown” NEW YORK (Reuters) – As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian […]

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 […]

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 […]

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