The oil industry faces several years of turbulence that could trigger a new wave of consolidation, according to Helge Lund, chief executive of Norway's national oil company StatoilHydro.
Financial Times
Statoil chief says mergers likely as industry faces turbulence
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
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are owned by John Donovan. There is also a Wikipedia segment.
SSE in £308m wind farm deal with RWE
Yesterday's deal was a fillip for the offshore market, which took a blow this year when Shell pulled out of the biggest planned offshore wind farm, the London Array, amid spiralling costs. Dong Energy and Eon, the other partners in the London Array, found a new partner in Abu Dhabi's Masdar initiative last month.
The dawn of a disturbing new reality
Royal Dutch Shell has dropped its proposed investment in plans to build the world's biggest offshore wind farm, the London Array, to concentrate on less risky US onshore wind power.
Investors sign up to a better world
The United Nations Principles of Responsible Investment were continuing to gather signatories, said James Gifford, UNPRI's executive director. "You might expect this agenda to have less salience at the moment," he said, "but just 20 minutes ago, the Shell pension fund signed up."
Royal Dutch Shell
Now, under Jeroen van der Veer, the stickler for asset efficiency installed in 2004, Royal Dutch Shell has become a metronomic earnings machine, beating consensus forecasts for nine straight quarters.
Shell to hold back on oil sands project
Royal Dutch Shell has delayed a planned investment in Canada's oil sands, in the latest sign of companies adjusting their plans to reflect the global economic downturn and the fall in the price of oil.
From boom to glut
If sustained, the lower price level will have further repercussions. Big producers such as Russia and Venezuela will struggle to exert political influence through energy policy. Resource nationalism, where oil-rich governments impose tougher terms on independent companies and notably in the case of Shell in Russia force them to cede control of assets, may soon be a spent force.
BAE chief quizzed in suspected bribery probe *(Shell has been described as playing a money-laundering role in BAE/Saudi oil-for-arms scandal)
The BAE deal is one of a number being probed by the SFO since it caused an international outcry in 2006 by scrapping a probe into the groups supply of tens of billions of pounds of arms to Saudi Arabia.
Size is critical issue at Marathon
But at the same time, while Devon Energy and Anadarko Petroleum, two similar businesses, have been long rumoured as potential takeover targets forExxonMobil and Royal Dutch Shell, those deals have not yet occurred.
Big groups draw back from grand gestures
The stalling of credit and the drop in share prices may at last provide companies such as BP, ExxonMobil and Royal Dutch Shell with a way to boost their shrinking production by snapping up assets of overleveraged explorers.
Crisis could hit Gazprom refinancing plans
...Gazproms net debt balance of Rbs1,103bn ($41.7bn) was still very high the result of borrowing a record amount last year to fuel an acquisition spree in Russia, including control of Royal Dutch Shells Sakahlin-2 project.
Oil groups fear Nigeria reforms could cost them billions in profit
...executives from Nigeria's biggest producers - which include ExxonMobil, Royal Dutch Shell, Total and Chevron - said the proposed new terms were so stringent that they risked deterring investment rather than encouraging it.
Shell outpaces BP as energy rebounds
Royal Dutch Shell led the way, outpacing BP after Goldman Sachs recommended switching into the former from the latter. While BP requires major investment or an acquisition to grow over the next decade, Shell's project pipeline should drive cashflow generation, Goldman said.
Gazprom threatens to quit TNK-BP gas deal
Gazprom, the state-controlled Russian gas group, is threatening to pull out of a deal to buy a stake in a vast east Siberian gas field from TNK-BP, BPs Russian joint venture, saying the stake is likely to be worthless.
Royal Dutch Shell came under fire for offering executives retention bonuses
Royal Dutch Shell came under fire for offering executives retention bonuses, sometimes known as "pay for respiration", and HBOS drew criticism for increasing a short-term incentive scheme while reducing the hurdle rates for a long-term incentive scheme.
European equities collapse as banks surrender: Royal Dutch Shell was 6.3 per cent weaker at £13.23
By Michael Hunter
Published: October 10 2008 08:23 | Last updated: October 10 2008 08:38
Extracts from article
European equities collapsed on Friday, left vulnerable after a dramatic late sell-off in New York extended the sustained losing streak on world stock markets.
Banking stocks once more faced heavy selling as confidence in the international financial system continued to drain away, taking leading indices to fresh five-year lows.
Londons FTSE 100 sank 429 points to 3,884.6, a loss of 10 per cent taking it to levels last seen in May 2003. The benchmark index gave up 53 points over the previous session in an afternoon surrender which wiped out an attempt at a recovery. Before the start of trade on Friday, the London index stood 666½ points lower on the week, a loss over four consecutive sessions of 13.4 per cent.
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