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Posts Tagged ‘Oil’

Shell takes hit of £3.2bn amid weak oil price as UK companies’ profit warnings go up

By JON REES, FINANCIAL MAIL ON SUNDAY: 26 April 2015 Shell is expected to report this week that the weak oil price wiped two-thirds off its earnings in the first three months of the year. The Anglo-Dutch oil giant, which has tabled a £46billion cash-and-shares deal to buy British gas explorer BG Group, is poised to […]

Oil firms face further cuts as low prices linger

Oil firms face further cuts as low prices linger Commodities | Fri Apr 24, 2015 12:23pm BST * Big oil using spending cuts to increase efficiency * Q1 earnings set to drop by more than 50 pct, tracking oil price * Strong refining margins set to continue By Ron Bousso LONDON, April 24 (Reuters) – […]

Royal Dutch Shell Oil Platform ‘Polar Pioneer’

My name is Michael McNerney and I am retired Coast Guard having worked in Marine Safety. I’ve worked in the Puget Sound AOR and enjoyed working around the Maritime Environment and the ships that pass through. I also take photo’s and this is just amazing to me to have this engineering marvel stop off in […]

Shell Sees Petrobras Emerging Stronger From Corruption Scandal

By Mario Sergio Lima and Rachel Gamarski published by Bloomberg.com 23 April 2015 Royal Dutch Shell Plc, poised to become Brazil’s biggest oil producer after Petroleo Brasileiro SA, said the state-run driller will emerge strengthened from a corruption scandal and the industry’s biggest debt load. Speaking to reporters in Brasilia after meeting with President Dilma Rousseff, Chief Executive […]

Shell’s Brazil strategy factors in Petrobras scandal -CEO

Shell’s Brazil strategy factors in Petrobras scandal -CEO Thu Apr 23, 2015 7:04pm BST (Reuters) – Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell’s CEO said on Thursday. Chief […]

Shell, Exxon set the scene for future oil-price shock after $US114 billion cuts

Article by Bradley Olson published 22 April 2015 by The Sydney Morning Herald Shell, Exxon set the scene for future oil-price shock after $US114 billion cuts As the oil patch grows accustomed to a new world of $US50 to $US60 crude, it’s now looking ahead to a different but equally daunting sort of cliff. Oil companies […]

BP Readies Defenses as Oil Industry Responds to Shell’s BG Raid

Article by Rakteem Katakey, Matthew Campbell and Dinesh Nair published 21 April 2015 by Bloomberg.com As the oil industry takes stock of Royal Dutch Shell Plc’s $70 billion move for BG Group Plc, one company has more to chew on than most. BP Plc, the U.K.’s most storied oil producer and prime mover in previous rounds of consolidation, is […]

Shell Learned Some ‘Expensive Lessons’ in Arctic, Jewell Says

Article by Harry Weber published April 20, 2015 by Bloomberg.com Royal Dutch Shell Plc learned “some very painful and expensive lessons about contractors” from its mishaps drilling in the Arctic in 2012, U.S. Interior Secretary Sally Jewell said. Shell learned how to better manage companies it relies on for critical aspects of its offshore drilling programs, Jewell […]

BP, Shell ship Canada crude cargoes from Texas to Europe: ClipperData

(Reuters) – BP Plc and Royal Dutch Shell each have shipped cargoes of Canadian crude oil out of the Texas coast this month, according to industry firm ClipperData, highlighting a once-rare journey that is expected to become more common. The two Aframax tankers loaded from Enterprise Products Partners LP’s export terminal in Freeport, Texas, according to the […]

Giant oil rig arrives in Port Angeles as protesters take to waters off Ediz Hook

Giant oil rig arrives in Port Angeles as protesters take to waters off Ediz Hook By Chris McDaniel and Paul Gottlieb: Peninsula Daily News PORT ANGELES — A 355-foot-tall offshore oil rig entered Port Angeles Harbor at 7:10 a.m. for a two-week stay, and it was met with protesters in kayaks and inflatable boats obeying a […]

Another sudden high level departure from Shell surrounded by intrigue

By John Donovan Another sudden high level departure from Royal Dutch Shell PLC surrounded by intrigue Andrew Longden,  Executive VP of Treasury and Corporate Finance of Royal Dutch Shell Plc is departing the company in June, in unexplained circumstances.  *In November 2003, Mr. Longden joined Shell as its Group Treasurer, with overall responsibility for treasury, risk […]

Shell Said to Hire Barclays to Arrange $15 Billion BG Loan

Article by Stephen Morris published 17 April 2015 by Bloomberg.com Royal Dutch Shell Plc hired Barclays Plc to help arrange a 10 billion pound ($15 billion) loan to help fund its purchase of BG Group Plc, two people with knowledge of the matter said. The short-term bridge facility will replace an existing 3 billion-pound loan provided […]

Shell plan is out: Company hopes for Chukchi drilling this year; BOEM says plan complete

By Alan Bailey of Petroleum News: Week of April 19, 2015 Shell plan is out: Company hopes for Chukchi drilling this year; BOEM says plan complete The Bureau of Ocean Energy Management has deemed Shell’s Chukchi Sea exploration plan complete, has published the plan on the BOEM website and is inviting public comments on the document. Shell […]

The Exxon Mobil-BP Merger Rumor That Just Won’t Go Away

SeekingAlpha.com article by Dave Dierking published 15 April 2015 The Exxon Mobil-BP Merger Rumor That Just Won’t Go Away Summary The rumors of the viability of an Exxon Mobil-BP merger surfaced once again recently following the Royal Dutch Shell-BG merger. Exxon Mobil could be compelled to make such a transaction due to BP’s relatively inexpensive […]

En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday

Article by Chris McDaniel published 14 April2015 by Peninsula Daily News En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday PORT ANGELES — The Polar Pioneer — a huge semi-submersible offshore drilling rig that had been hounded of late in the Pacific by Greenpeace activists ­— is expected to arrive […]

Chevron A Safer Bet Than Shell

SeekingAlpha.com article published 13 April 2015 Chevron A Safer Bet Than Shell Shell has lost a huge amount of money in its shale bets in North America to the tune of $900 million alone in 2014. As a result, Shell is cutting spending by 20% to lower its North American shale exposure to try and […]

Nigeria: Govt Receives $48 billion From Shell in Four Years

Nigeria: Govt Receives N9.6 Trillion From Shell in Four Years By Roseline Okere: 14 April 2015 The Shell Petroleum Development Company of Nigeria Limited (SPDC) paid $48 billion (N9.6 trillion) revenues to the Nigerian government from 2010 to 2014. Also, the company paid $3 billion (N600 billion) share of royalties and taxes to the Nigerian […]

Shell Wins Lawsuit Against Greenpeace

Royal Dutch Shell Wins Lawsuit Against Greenpeace Royal Dutch Shell was granted a restraining order against six Greenpeace activists who boarded the company’s vessel last week By: MICHEAL KAUFMAN: Published: Apr 14, 2015 at 11:22 am EST A group of Greenpeace protesters have left the vessel carrying Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) oil rig, six […]

Shell’s Artic Fate To Be Decided Soon

Article by Andy Tully published Monday 13 April 2015 by OilPrice.com The US government has begun its full review of an application by Royal Dutch Shell to resume offshore drilling for oil and gas in the Arctic Ocean off the Alaskan coast. The US Bureau of Ocean Energy Management (BOEM), an arm of the Interior Department, said […]

Judge orders Greenpeace away from Shell vessels

ARTICLE BY TIM BRADNER PUBLISHED BY ALASKA JOURNAL OF COMMERCE 13 APRIL 2015 The free ride is over for six Greenpeace activists who hitched a ride mid-Pacific on the Shell-chartered Blue Marlin, a heavy-lift ship carrying the semi-submersible rig Polar Pioneer to the Pacific Northwest, its way-stop on the rig’s journey to drill in the […]

Shell wins restraining order against Greenpeace

Article by Jennifer A. Dlouhy published 13 April 2015 by fuelfix.com Shell wins restraining order against Greenpeace WASHINGTON — Hours after stormy weather forced Greenpeace activists to climb off an Arctic drilling rig in the middle of the Pacific Ocean, Shell won a temporary restraining order blocking the group from similar protests. The ruling, by U.S. District […]

Shell standing above its peers

Article by Daniel J. Graeber published 13 April 2015 by UPI Shell standing above its peers LONDON, April 13 (UPI) — Shell’s grab of energy giant BG Group and a legal victory for frontier work offshore Alaska leaves rivals in the dust, though environmentalist are unimpressed. The board of directors at Shell and BG group issued […]

Kashagan to Start Production in 2017, Says Royal Dutch Shell Report

BY MICHELLE WITTE in BUSINESS on 13 APRIL ASTANA – Production at Kazakhstan’s giant Kashagan offshore oil field is expected to restart in 2017, Royal Dutch Shell stated in its 2014 annual report. “After the start of production from the Kashagan field in September 2013, operations had to be stopped in October 2013 due to […]

Oil price down, coffers full: now Big Petroleum is in the mood for mergers

The energy sector looks set for a round of mergers and acquisitions. Illustration: David Simonds for the Observer The world of Big Oil looks set for another round of mega-mergers and acquisitions after Shell set the ball rolling this week with its $70bn agreement to take over BG. FULL ARTICLE Like this:Like Loading…

BP left stranded by US vilification as rejuvenated Shell storms ahead

Article by Jeremy Warner published 12 April 2015 by The Sunday Telegraph  BP left stranded by US vilification as rejuvenated Shell storms ahead They say that fortune favours the brave. Ben van Beurden (right), chief executive of Royal Dutch Shell, will be hoping they are right, for by firing the starting gun on a new wave of oil […]

Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay

Associated Press article published by Fox News 11 April 2015 Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay SEATTLE –  Greenpeace says six activists opposed to offshore drilling in the Arctic have abandoned a Seattle-bound drill rig they boarded in the Pacific Ocean six days ago. The organization said in an […]

New Sea Drilling Rule Planned, 5 Years After BP Oil Spill

Article by CORAL DAVENPORT published APRIL 10, 2015 by The New York Times New Sea Drilling Rule Planned, 5 Years After BP Oil Spill WASHINGTON — The Obama administration is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP […]

Royal Dutch Shell Could Eclipse Exxon Mobil Corporation As Largest Producer: Credit Suisse

By: MICHEAL KAUFMAN: Published: Apr 10, 2015 at 6:22 am EST In a report published on Thursday, Credit Suisse commented on the aftermath of Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) announcement to acquire BG Group Plc (ADR) (OTCMKTS:BRGYY). The sell-side research firm deliberated that the transaction makes sound strategic sense and moves Shell down the cost […]

Shell complaint claims Greenpeace activists risk success of Arctic drill

Adam Vaughan: Friday 10 April 2015 15.19 BST Shell has warned it could miss a window to drill for oil in the Arctic this summer, if six Greenpeace activists occupying a rig under contract to the company are not removed, court filings by the oil company reveal. “Left unsanctioned, Greenpeace USA’s illegal and tortious actions will, as […]

Shell’s Huge Gas Bet Underscores Big Oil’s Push to Replace Coal

Article by Javier Blas and Rakteem Katakey published 10 April 2015 by Bloomberg.com BP Plc coined the slogan “Beyond Petroleum.” The new industry mantra might be “Beyond Oil and Into Gas.” Oh, and while we’re at it, “Down With Coal.” Consider Royal Dutch Shell Plc’s recent $70 billion acquisition of BG Group Plc — clearly a huge bet […]

Shell expected to slash jobs and spending

By LAURA CHESTERS FOR THE DAILY MAIL Royal Dutch Shell is planning a £20bn sell-off of assets to create a leaner oil giant after its £47bn swoop for rival BG Group. Shell has snapped up BG to expand its liquefied natural gas business and Brazilian deepwater wells but the deal also creates a sprawling £200bn […]

Shell sounds starting gun for more mergers in big oil

By ALEX BRUMMER FOR THE DAILY MAIL After all the fuss over the appointment and fat cat pay for Helge Lund, the new chief executive of BG, one must wonder why chairman Andrew Gould bothered. Just weeks after Lund took the reins, assets were written down by £6bn and Gould found himself in cloak and […]

Shell’s $70 Billion Takeover Could Herald Wave of Mergers

Ben van Beurden, CEO of Royal Dutch Shell, left, shakes hands with the Chairman of BG Group Andrew Gould during a press conference to announce Royal Dutch Shell has agreed to buy British Gas, in London on Wednesday.  Associated Press Article 8 April 2015 READ THE ARTICLE HERE Like this:Like Loading…

Shell and BG Group agree to create a £224 billion super group

Article by LIANNA BRINDED published 8 April 2015 by UKBusinessInsider.com Shell and BG Group agree to create a £224 billion super group Shell and BG Group will create an oil super merger after both parties agreed on a new deal. Shell, worth £136 billion ($202 million), revealed in a regulatory announcement on the London Stock Exchange that […]

Shell-BG: more details of the deal

FT: Shell-BG: more details of the deal 8 April 2015 Following the momentous news that Royal Dutch Shell is buying BG Group for £47bn, here are some more details for investors to chew over, including a promise of a big premium, enhanced dividends and a share buyback. Financial details of the offer: The deal, which […]

Shell Faces Greenpeace Protesters Over Arctic Drilling Risks

By: MICHEAL KAUFMAN Published: Apr 7, 2015 at 9:36 am EST In a protest yesterday, Greenpeace activists climbed a Royal Dutch Shell plc (ADR) (NYSE:RDS.A) oil rig, which was being transported to Seattle before being moved to the Arctic. The Polar Pioneer oil rig on its way to a vessel called Blue Merlin was ascended […]

Greenpeace activists board Shell oil rig to protest Arctic drilling – video

Greenpeace activists board Shell oil rig to protest Arctic drilling – video: click on blue headline for video to appear… Like this:Like Loading…

Greenpeace climbs, sets up camp on Shell’s Arctic drilling rig

Alaska Dispatch News article published April 6, 2015 Greenpeace climbs, sets up camp on Shell’s Arctic drilling rig Protesters with the environmentalist group Greenpeace on Monday intercepted and climbed a Royal Dutch Shell drill rig in the Pacific Ocean to protest the company’s plans to drill in Alaska’s Arctic. According to a release from Greenpeace, six activists launched from the […]

It’s Time to Take Arctic Drilling Off the Table

Cindy Shogan Executive director, Alaska Wilderness League: 4 April 2015 It’s Time to Take Arctic Drilling Off the Table Earlier this week, the U.S. Department of the Interior swung the door wide open to drilling in the remote waters of the iconic Arctic Ocean when it announced that it was reaffirming controversial Bush-era leases for the […]

Shell Oil protesters train for flotilla

KING 5 News 3:51 p.m. PDT April 4, 2015 Shell Oil protesters train for flotilla Protestors planning to demonstrate when Shell Oil arrives in Elliott Bay started training Saturday morning in West Seattle. They plan to have a flotilla of kayaks in the bay when Shell brings its Arctic drilling ship and equipment to Seattle […]