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Posts Tagged ‘Saudi Arabia’

Prices Fall to a Six-Year Low for U.S. Oil

Article by Stanley Reed published 17 March 2015 in the New York edition of the New York Times Prices Fall to a Six-Year Low for U.S. Oil Oil prices fell to six-year lows on Monday in the face of concerns that a glut in the United States was outpacing already-brimming storage facilities. Additionally, the Organization […]

Price of crude oil resumes its descent

Article by Stanley Reed published New York Times New York Edition 14 March 2015under the headline: Oil Prices Drop as Production Hums Along Despite a Brimming Supply LONDON — Just as the oil market appeared to be stabilizing, the price of crude resumed its descent on Friday. The drop, of about 4 percent, came after […]

Latest Development Regarding The USW Refinery Strike

By: MICHEAL KAUFMAN: Published: Mar 7, 2015 at 10:04 am EST The biggest oil refinery strike in the US in over three decades has entered its 35th day, with no agreement between the United Steelworkers (USW) union and Royal Dutch Shell plc (ADR) (NYSE:RDS.A) been reached so far. The two parties had a meeting on Wednesday, […]

Inside Shell’s earnings report: Proof that the Saudis’ oil market strategy is working

By Puneet Kollipara January 29 at 5:43 PM Saudi Arabia shocked the world last fall in breaking from its traditional mold of keeping oil production artificially low to prop up oil prices. Instead, the Saudis and other OPEC nations voted to keep oil output steady even in the face of a global supply surplus, a move seemingly designed […]

Repercussions Of Lower Oil Prices On Energy Sector

Published: November 29, 2014 at 11:11 am EST By: Micheal Kaufman The decision by the Organization of Petroleum Exporting Countries (OPEC) to maintain production at 30 million barrels of oil per day came as a shock for most oil companies. As a result crude oil prices fell drastically and West Intermediate Texas (WTI) was down […]

OPEC IN DISARRAY AS OIL PRICE TUMBLES

Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. (Potentially disastrous news for Big Oil – ExxonMobil, Shell, BP, Chevron and Total) The Telegraph: World on brink of oil price war as Opec […]

OIL, OIL, TOIL AND TROUBLE

ARTICLE BY STEVEN HAYWARD, PUBLISHED BY POWERLINE 25 NOVEMBER 2014 The fall OPEC meeting is under way right now in Vienna, and all eyes are on the Saudis, to see whether they will lead a strategy to stop the fall in oil prices, which is putting the crimp on Iran, Russia, and Venezuela, among other […]

Shell ending investments in gas development project in Saudi Arabia

Reuters article published by ArabNews.com Monday 7 July 2014 DUBAI: Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves. The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly […]

Saudi Arabia gas project has failed, admits Shell

Extracts from an article by Andrew Critchlow published 6 July 2014 by The Sunday Telegraph Royal Dutch Shell has admitted that its search for gas in Saudi Arabia has been a decade-long wild goose chase, dashing any hopes of gaining a prized upstream foothold in the kingdom. “We haven’t had a very successful exploration campaign,” Andrew […]

Royal Dutch Shell Saudi relationship in serious danger?

The Washington Post has reported today that the Dutch foreign minister Frans Timmermans is considering flying to Saudi Arabia in an attempt to defuse the situation, which includes threats of looming sanctions against Dutch interests, including Royal Dutch Shell. By John Donovan Royal Dutch Shell Group has had a long relationship with the Saudi regime. […]

The Dark Side of Energy Independence

By BENJAMIN ALTER and EDWARD FISHMAN A version of this op-ed appeared in print on April 28, 2013, on page SR5 of the New York edition JUST as the world was writing off America as a declining power, the country now finds itself on the cusp of realizing one of its longstanding goals: energy independence. […]

Is Shell STILL anti-Semitic?

“So is Shell STILL anti-Semitic, or is it simply because doing business with Israel would upset the rulers of Saudi Arabia, yet another tyrannical regime in bed with Shell? One Country swims in oil. The other doesn’t. Perhaps that has something to do with it?” By John Donovan In March 2011 we published an article […]

Judge Fines Motiva $10M in Tank Explosion

FROM OUR 2005 SHELL NEWS ARCHIVE:“Motiva, a joint supply venture between Shell and Saudi Refining…”: “…pleaded no contest to state charges of criminally negligent homicide…”: “The company… has paid more than $60 million to settle lawsuits”: “It is still the subject of a federal lawsuit…” Judge Fines Motiva $10M in Tank Explosion By THE ASSOCIATED […]

Shell licenses gas technology to Saudi project

Shell Global Solutions International has signed a gasification licensed technology agreement with Saudi Aramco, the fully integrated energy and chemicals company, for the largest residue gasification unit to ever be built. The Jazan Integrated Gasification Combined Cycle Project (IGCC) agreement includes the licensing of Shell gasification and acid gas removal technologies and the provision of […]

Motiva Reports Compressor Shutdown at Port Arthur, Texas, Refinery – Filing

Published December 31, 2012 by Dow Jones Newswires Motiva Enterprises LLC reported that a wet gas compressor at its Port Arthur, Texas, refinery experienced an emergency shutdown Saturday, according to a filing with the Texas Commission on Environmental Quality. The company reported that charge rates were reduced to help stabilize operations for the restart of […]

Saudi Arabia Doubles Tankers to U.S. as Motiva Unit Seen Opening

By Rob Sheridan – Oct 8, 2012 2:25 PM GMT+0100 Saudi Arabian Oil Co. doubled the number of crude tankers booked to ship oil to the Gulf of Mexico this month as two people familiar with its U.S. refinery operations said a damaged crude unit may restart in December. The company’s shipping unit booked eight […]

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