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Posts Tagged ‘Exxon’

Shell/Sakhalin Energy blame Exxon/BP/Rosneft for threat to endangered whales

Oil and gas exploration by energy giants Exxon, BP and Rosneft is seriously threatening one of the world’s most critically endangered whales, according to a panel of top scientists in a new report. The Western Gray Whale Advisory Panel (WGWAP), composed of 11 scientists and representatives from Shell and Sakahlin Energy…

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BP CEO: Mega oil merger not compelling

The logic for a possible mega merger between international oil companies isn’t a terribly compelling, BP Plc’s Chief Executive Officer Tony Hayward said.

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Big Oil Can’t Resist the Chavez Charm

You’d think BP or Royal Dutch Shell, for instance, would be especially hesitant about cozying up to the strongman again. After all, BP saw one of its executives flee Russia to escape trumped up charges while having a power-sharing agreement forced on it. Shell was forced to sell its Sakhalin Island interests to Russian gas giant Gazprom. Such are the dangers of signing over your soul to the devil.

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Caltex Australia Says Carbon Costs Threaten Refining Industry

Oct. 23 (Bloomberg) — Australia’s oil-refining industry would be threatened by “high” costs for carbon emissions permits under the government’s proposed trading system, said Caltex Australia Ltd., the nation’s biggest refiner.

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Big Oil’s Last Stand

The American public is fed up with Big Oil. In 2006 Gallup published its annual rating of public perceptions of U.S. industry. The oil industry is always a poor performer, but this time it came in dead last — earning the lowest rating for any industry in the history of the poll.

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U.S. Refineries Are Shut, Offshore Wells Closed, for Hurricane

Motiva Enterprises LLC, a Houston-based joint venture of Royal Dutch Shell Plc and Saudi Arabia’s state oil company, said it shut its Norco, Louisiana, plant, which can process 236,400 barrels a day.

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Gustav: Shell, BP and Exxon ready to close Gulf of Mexico rigs

Shell and BP evacuated staff from rigs, while ExxonMobil and other operators activated contingency plans to cease operations on offshore facilities that account for a quarter of US crude oil production and 15% of natural gas output.

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Shell’s ex-president presses on

During an appearance on CNBC early in the summer, John Hofmeister made a startling statement: “Oil isn’t a free market.” Soon after he said it, the show cut to a commercial and someone handed Hofmeister, who was about to retire as president of Shell Oil Co., a piece of paper. It was a message from Shell’s headquarters in the Netherlands telling him he could not say that.

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Have we reached the end of the road for oil?

This means that the huge profits being made by multi-nationals such as Shell or ExxonMobil may turn out to be their last hurrah. “The days of the international oil companies are coming to a glorious end,” said Fatih Birol, chief economist of the International Energy Agency, last month. “Their reserves are declining and they will have difficulty accessing new ones.”

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Oil Dependency is Africa’s Undoing

Shell Petroleum Development Corporation (SPDC) has been mining oil in Nigeria’s Niger Delta in conjunction with NNPC, Agip and Elf. But all the while, Nigerian citizens have not benefited from these mines; their environment is destroyed.

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