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Posts Tagged ‘Oil Prices’

Shell profits set to treble as prices rise and costs cut

After false dawn, Big Oil to double down on cost cuts

The majors, often dubbed Big Oil, have already been through tough spending cuts since a collapse in crude prices since mid-2014 from above $100. They have shed thousands of jobs, scrapped projects, sold assets and squeezed service costs.

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More Shell Oil News 12 July 2017

Royal Dutch Shell: Talking The Talk, But Walking The Walk?: Seeking Alpha: 12 July 2017

CEO Ben van Beurden reinforces Shell’s readiness to play its part in achieving Paris agreement targets, but execution on this goal unclear. READ MORE

Oil majors face downgrades if crude prices don’t pick up: S&P: Reuters: 12 July 2017 read more

Shell News 12 July 2017

Oil Majors Face Ratings Cuts Amid Weak Recovery, S&P Global Says: Bloomberg 12 July 2017

Exxon Mobil Corp., Chevron Corp. and other oil majors could see their credit ratings slashed again if they fail to cut costs and reduce their growing debt loads in the next year, according to an S&P Global Ratings report. READ MORE

Shell and other supermajors say ‘no plans’ for return of Super Pumas: EnergyVoice.com: 12 July 2017

The Anglo Dutch giant has confirmed that the aircraft, which were subject to a lengthy grounding following a fatal crash off Norway last year, does not feature in the future of the firm’s UK operations despite aviation watchdogs making moves to lift the flight ban. READ MORE read more

Could Shell Cut its Dividend?

Could Shell cut its dividend for the first time since World War II?: proactiveinvestors: 10 July 2017

t’s a suggestion that has been mooted by analysts at Citigroup, who recently said that the whole oil industry is “surely going to have to address the high cost of dividends”, with BP PLC (LON:BP.) and Shell having “the biggest questions (to) answer”. READ MORE

How Safe Is The Dividend Of Royal Dutch Shell?: Seeking Alpha: 10 July 2017

While Royal Dutch Shell (RDS.A) (NYSE:RDS.B) has retrieved half of its losses since it bottomed early last year, it is still 25% lower than its peak three years ago, just before the collapse of the oil price began. As the downturn in the oil market has already lasted longer than initially anticipated, with no light on the horizon yet, the shareholders of the stock are still in pain. Therefore, given that the generous dividend of the stock is the only consolation to the shareholders, it is important for them to evaluate how safe the dividend is. READ MORE read more

Kiobel Writ: Ogoni Civil Disturbances Special Tribunal

 Above from

Unloveable Shell…

For instance, two witnesses… made statements under oath in which they said that they had been offered money and a job by the regime and Shell in exchange for incriminating testimony… 

By John Donovan

The numbered paragraphs below are extracted from the English translation of a 138 page Writ of Summons served on Royal Dutch Shell companies on 28 June 2017 by Dutch Human Rights law firm Prakken d’Oliveira. They represent four widows including Esther Kiobel who hold Shell liable for the murder of their husbands individual Ogoni leaders now known collectively as the ‘Ogoni Nine‘. MOSOP Chairman Ken Saro-Wiwa was one of the group. For the purpose of this online publication, the footnotes are indicated in red text. read more

OIL PRICE NEWS

Crude Slump Wipes $113 Billion From Oil Drillers: Bloomberg: 30 June 2017

Oil companies have spent three years slashing spending and firing workers to protect profits, only to find their hard work blown away as prices entered another bear market.

Big Oil’s Costly Love Affair With the British Pensioner: Bloomberg 29 June 2017

Now, with oil prices falling back into a bear market, the dividend yields of several European integrated oil stocks have widened again.

Oil Snaps Longest Gain in a Month on Signs U.S. Supplies Rose: 28 June 2017 read more

Further Shell News Update 27 June 2017

Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands: Bloomberg: 27 June 2017

Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments. ConocoPhillips and Royal Dutch Shell Plc are leading the exodus amid a bear market for crude.

Big Oil: Surviving at $40, Thriving at $60: Barron’s: 26 June 2017

The price of oil is rising today, but that hasn’t helped oil stocks like ExxonMobil (XOM), Chevron (CVX), Total (TOT), and Royal Dutch Shell (RDS.A), which remain little changed or under pressure. We expect companies to continue pulling on all operational and financial levers in order to adjust to the oil price reality… read more

Abandon ship in a world of sub-$50 oil?

By   Saturday 

At the end of last year, when it looked as if OPEC was making a concerted effort to rein-in oil market oversupply, shares in Royal Dutch Shell(LSE: RDSB) charged to a 52-week high of just under 2,400p. Unfortunately, this rally didn’t last long. By the end of the first quarter, the shares had fallen by nearly 10% and have continued to slide as worries about a new oil glut have continued to grow. The falling oil price has reignited the argument about the sustainability of Shell’s dividend payout. FULL ARTICLE read more

Shell News Update 21 June 2017

Oil firms could waste trillions if climate targets reached: report: Reuters: 20 June 2017

Oil giants including Exxon Mobil and Royal Dutch Shell risk spending more than a third of their budgets by 2025 on oil and gas projects that will not be feasible if international climate targets are to be met, a thinktank says.

Global oil price falls to nine-month low as oversupply fears mount: The Independent: 21 June 2017

A number of producers – notably Iraq, Saudi Arabia and Russia – have aggressively ramped up output…

Norway opens up record 93 blocks for Arctic oil exploration: Financial Times: 21 June 2017

Norway has infuriated environmental groups by opening up a record number of blocks in the Arctic for oil exploration. Environmental groups, emboldened by their success ending Royal Dutch Shell’s drilling off Alaska, are stepping up protests against Oslo. read more

BP and Shell profits under renewed pressure as oil price hits 2017 low

Shell News Update 31 May 2017

Shell completes sale of Australian aviation business for $250 mln: Reuters: 31 May 2017

Has completed sale of its Australian Aviation Business to Viva Energy Australia for a total transaction value of approximately $250 million.

Shell Downstream CIO Craig Walker – “We should be scared”: 23 May 2017

Walker very frankly admitted that Shell “should be scared” during our discussion, where he said that one of his biggest fears is having to go and tell his director that he’d lost a billion dollar business because he didn’t foresee a new business model for Shell, enabled by new technologies.

Canadian Oil Sands Brace As Oil Majors Dump Shares: OilPrice.com: 30 May 2017

Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares of the Canadian companies that Shell and ConocoPhillips received. read more

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