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Posts Tagged ‘Oil’

Shell wants to resume drilling in Arctic this summer

By Karolin Schaps and Ron Bousso Jan 29 (Reuters) – Oil major Shell wants to revive its Arctic oil drilling programme this year after a near two-year suspension, angering environmentalists who say the risk of an oil spill is too high. Remote and costly to develop, the Arctic is estimated to contain 20 percent of […]

Shell Chief Pledges Everything to Maintain Its ‘Iconic’ Dividend

BLOOMBERG: Shell Chief Pledges Everything to Maintain Its ‘Iconic’ Dividend by Nidaa Bakhsh and Mark Barton (Bloomberg) — Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden pledged to do all he can to maintain payments to shareholders of Europe’s largest oil company after crude prices fell by more than half in the past six months. […]

Crude at $49: The New Reality for Big Oil Companies

FROM BLOOMBERG Crude at $49: The New Reality for Big Oil Companies by Joe Carroll (Bloomberg) — Financial results from a fourth quarter that saw the collapse of the crude market will provide a window into how the world’s biggest oil companies are adjusting to a new reality of slowing growth and low prices. Oil that […]

Obama moves to block development in 9.8 million acres of Arctic Ocean

Krestia DeGeorge,Nathaniel Herz: January 27, 2015 Citing biodiversity and Alaska Native subsistence whaling, the Obama administration moved to block development in 9.8 million acres within the Beaufort and Chukchi seas as part of a new five-year outer continental shelf oil and gas leasing program, the draft of which was released Tuesday morning by the Department of the […]

U.S. Seen Limiting Oil Drilling in Arctic, May Open Atlantic

26 JAN 2015 (Bloomberg) — The U.S. Interior Department will lay a framework as soon as Tuesday for oil exploration in the nation’s coastal waters in a five-year plan that is expected to withdraw areas off Alaska while possibly adding parts of the Atlantic. Republican Lisa Murkowski said the head of the offshore energy office […]

Oil price lays waste to energy giants

FROM AN ARTICLE BY DANNY FORTSON OF THE SUNDAY TIMES PUBLISHED 25 JAN 2015 UNDER THE HEADLINE:  “Oil price lays waste to energy giants” THE chaos unleashed by the collapse of the oil price will be laid bare in the next fortnight as BP reveals a halving of profits, Shell cuts billions in spending, and Centrica […]

Who Will Rule the Oil Market?

OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015 WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the […]

Dusting off the Shell BP merger files

Shell and the forerunner of BP bribed a famous politician to facilitate a merger  According to Sir Martin Gilbert, the official biographer of Winston Churchill, Royal Dutch Shell and BP (then called Burmah Anglo-Persian Oil Company), were in merger discussions in 1923. Extract from a BBC News Magazine article published 22 Jan 2015 10. Cash for […]

Lloyd’s Register PR Fanfair Saluting Nazi named mega-ship The Pieter Schelte

THIS ARTICLE, INCLUDING THE SCREENSHOT OF THE FRONT COVER OF JAN 2015 EDITION OF HORIZONS MAGAZINE (IMMEDIATELY BELOW), WAS SUPPLIED IN ADVANCE OF PUBLICATION TO LLOYD’S REGISTER AND ALLSEAS WITH THE INVITATION TO CORRECT ANY INACCURATE INFORMATION. IT FOLLOWS THAT BOTH FIRMS HAD THE OPPORTUNITY TO SEEK AN INJUNCTION TO PREVENT PUBLICATION.  By John Donovan […]

You are here Stakes are too high with Arctic drilling, and Shell isn’t ready

From an article by Lois Epstein published 21 Jan 2015 by Alaska Dispatch News Extracts Two years ago on New Year’s Eve, Shell’s Kulluk Arctic offshore drilling rig grounded near Kodiak Island. It was an industrial calamity heard around the world, including a cover story in the Jan. 4 issue of The New York Times […]

Al Gore: oil companies ‘use our atmosphere as an open sewer’

From an article by Jo Confino published by The Guardian 21 Jan 2015 Al Gore: “Companies are insisting on their right to use our atmosphere as an open sewer. In London a long time ago, a famous doctor connected the dots between sewage and cholera. We are connecting the dots between dirty energy and dirty weather, […]