LONDON -- The slump in oil prices has spread relief among consumers and fuel-reliant industries, but also is squeezing the companies who could invest in new sources of oil -- spurring concerns that prices will prompt them to shelve investments.
October, 2008:
Oil’s Slide Threatens Future Supply
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
Nexen chief to leave as rivals circle
Along with Total, Royal Dutch Shell, which is heavily invested in Canada's oil sands, is also weighing its interest in Nexen, according to banking insiders and oil executives
BP to cut more jobs in addition to 5,000 already announced
BP plans to make more job cuts than the 5,000 it has already announced, the oil groups chief executive said on Tuesday.
BP at centre of a huge row yesterday
In response to the barrage of criticism, BP said that over the past three years it had paid more than £5bn in tax in the UK and, if fuel, excise duty and VAT were added, the total rose to almost £21bn.
BP’s Texas City refinery to run at full tilt soon
BP was the second of the worlds largest publicly traded oil majors to unveil quarterly results. Last week ConocoPhillips announced a 41 percent increase in earnings. Exxon Mobil Corp. and Royal Dutch Shell are scheduled to release results Thursday, followed by Chevron on Friday.
BP smashes forecasts as profits soar 148%
The figures are likely to spark fresh protests from motorists and businesses that have been hit hard by higher petrol prices.
Fair weather for oil industry mergers as project costs soar
Oil and gas chief executives, a conservative lot, have shied away from using high energy prices to justify big deals. The collapse of the markets could spur them into action.
Oil Earnings Likely to Slip as Prices Fall
The major integrated oil companies report third-quarter earnings this week, with BP on Tuesday,Exxon Mobil and Royal Dutch Shell Thursday and Chevron Friday. Together, they are expected to report more than $35 billion in net income for the period...
Reviled firms lead responsibility list
Some of Europe's most commonly criticised companies, including British American Tobacco and Royal Dutch Shell, have been named as leaders in the field of corporate responsibility reporting.
Oil Giant BP’s £6.4bn In Profits
BREAKING NEWS
7:15am UK, Tuesday October 28, 2008
Oil giant BP has reported third-quarter profits of £6.4bn – 148% above the same period last year.
Swapping sides would mark a historic step
With 40 years of experience in the oil business, Paul Skinner, Rio Tintoschairman, is an obvious candidate to step into the chairmans shoes at BP. However, his appointment would mark a historic step a career Royal Dutch Shell executive being appointed as the head of its greatest domestic competitor.
BP favours Rio Tinto’s Skinner as chairman
Paul Skinner, the chairman of Rio Tinto, has been chosen as the favoured candidate to take over the chairmanship of BP when Peter Sutherland steps down next year.
BP edges closer to new chairman
Skinner, a former executive at Shell, has been chairman of Rio since 2003 and is expected to step down next year regardless of the BP job and the outcome of the BHP bid. He was unavailable for comment last night. BP, which reports third-quarter results this week, declined to comment
Credit Suisse warn Shells results on Thursday could be weak, hit by unrest in Nigeria
Meanwhile, Credit Suisse gave a warning that Shells results on Thursday could be weak, hit by unrest in Nigeria, and downgraded it to underperform.
Bond mania at Shell
Now, James Bond film and model car fans can get their hands on the limited edition James Bond 007 collectible model cars from Shell Malaysia.
Chevron replaces BP as third-biggest oil major
LONDON, Oct 27 (Reuters) - U.S. oil major Chevron Corp has replaced Britain's BP Plc as the third-largest non-government controlled oil company in the world, as problems in Russia and sterling weakness weigh on BP.
