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Posts Tagged ‘Oil’

Oil price to dip to $50 or even lower?

By John Donovan Recognising the seismic significance of the continuing collapse in the price of oil, The Sunday Times devoted several articles to the subject last weekend. It has done the same again this weekend, with coverage in the main newspaper and in the Business Section. Oil price slump puts explorers up for grabs Predators circle… Extracts […]

Evil repercussions of Kiobel v. Royal Dutch Petroleum U.S. Supreme Court Decision

Plaintiff Esther Kiobel (L) joins a protest against Royal Dutch Shell Petroleum in front of the U.S. Supreme Court in Washington October 1, 2012. REUTERS/Gary Cameron By John Donovan Yesterday, Reuters published an article about the legal repercussions in the USA from the landmark decision in 2013 by the U.S. Supreme Court in the famed Kiobel v. […]

Leaked BP CEO Internal Memo

It’s completed about $43 billion of asset sales since the 2010 oil spill in the Gulf of Mexico. The offshore disaster has cost London-based BP more than $28 billion in clean-up costs and damages, and the company is still fighting legal battles on multiple fronts. BLOOMBERG NEWS ARTICLE BP Chief Says Company Must Slim Down […]

WILL BP BE ABLE TO SURVIVE?

By: MICHEAL KAUFMAN Published: Dec 11, 2014 at 4:50 pm EST The operating cashflow for BP plc (ADR) (NYSE:BP) is expected to grow 5.3% between 2014 and 2017. BP is slightly above Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) growth rate of 4.1%.There have been several factors that have contributed to low expected growth for the […]

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 […]

Why The US Supreme Court Rejected BP Appeal

By: MICHEAL KAUFMAN Published: Dec 9, 2014 at 4:11 pm EST BP plc (ADR) (NYSE:BP) was involved in America’s largest oil spill in the Gulf of Mexico in 2010, resulting in the death of 11 rig workers along with long-lasting damage to the wildlife and its habitat, and local businesses; a total of 4.9 million […]

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 […]

Donovan Verdict on Shell/Noble Arctic Crimes

By John Donovan People who are as familiar with Shell as I am, will know that Noble Drilling has stepped forward on commercial grounds to take the blame for the reckless screw-up that was actually directed by Shell, partly to evade tax. This was why Lawrence of Alaska (David Lawrence, the Shell VP supposedly responsible […]

Greenpeace Verdict On Shell/Noble Arctic Crimes

Greenpeace Arctic campaigner, Ian Duff, has issued the following statement: “Shell has proven time and again it can’t be trusted to manage its contractors safely. That Shell engaged Noble Drilling, a company now guilty of eight felonies, is the clearest indicator yet. Letting Shell back into such a precious and risky environment as the Arctic […]

BP loses latest US oil spill appeal

The Supreme Court’s rejection of this appeal by BP is the latest in a series of setbacks for the oil firm. BP is trying to limit payments over the environmental disaster, which claimed the lives of 11 people and became the largest US offshore oil spill in history. The settlement agreement has no cap… BBC […]

Royal Dutch Shell BP Plc

What’s next for Royal Dutch Shell? Is a multi-billion merger with BP just around the corner? Article by Alessandro Pasetti published by The Motley Fool 8 Dec 2014 What’s next for Royal Dutch Shell? Is a multi-billion merger with BP just around the corner? Takeover rumours in the oil industry often emerge when oil prices weaken, […]