Reuters) – The Middle East needs to solve the conundrum which sees it sitting on 40 percent of the world’s gas reserves and yet suffering from a supply shortage, a senior executive from Royal Dutch Shell (RDSa.L) said on Monday.
Posts from ‘April, 2010’
Shell, Total Step Up Reliance on Gas as Access to Oil Declines
April 26 (Bloomberg) — Royal Dutch Shell Plc and Total SA are among energy producers shifting the balance of their production toward natural gas as oil-rich countries clamp down on access and deposits become easier to tap.
Oil: A tale of two cartels
Tony Hayward, group chief executive of British Petroleum, made heads turn at the World Economic Forum in Davos, forecasting a supply challenge for the energy industry, which would have to increase output to 100mbd a new peak for oil from the current capacities of 83-84 mbd. He was strongly backed by Mr Peter Voser, CEO of Royal Dutch Shell, who added to the scare stating that the industry would have to find up to $27 trillion to fund the investment in oil over the next 20 years.
Oil groups turn focus back to traditional fields
Europe’s largest oil company by market value, Royal Dutch Shell Plc (RDSa.L) has said it plans to direct 60-70 percent of its investments into the industrialised countries of the Organisation for Economic Co-operation and Development (OECD).
Oil rig spill off Louisiana could threaten coastline
The slick has now grown to about 1,500 sq km BBC NEWS There are fears of an environmental disaster in the Gulf of Mexico, as efforts to clear up an oil spill have been suspended because of bad weather. A drilling rig leased by the oil company BP exploded and sank off the Louisiana coast [...]
Shell saved Hitler and the Nazi Party
How Royal Dutch Shell saved Hitler and the Nazi Party. Same motive then, as for Shell dealing with the terrorist Gaddafi, the corrupt Saudi regime and the fanatical Iranian mullahs now: access to oil. We have gathered much more evidence of Shell’s evil relationship with the Nazi.
Rig blast shadows rise in BP profits
The Sunday Telegraph: BP is expected to say this week that profits almost doubled in the first quarter, as it investigates the circumstances surrounding the explosion of a drilling rig it had hired in the Gulf of Mexico.
‘Serious spill’ from sunken US oil rig
Oil leaks from a sunken drill pipe 5,000 ft beneath the ocean surface BBC NEWS Oil is leaking from a damaged well feeding a rig that sank off Louisiana on Thursday, in what US officials are calling “a very serious spill”. The well is estimated to be leaking at a rate of about 1,000 barrels [...]
Heysham Shell Oil Refinery – Witness Appeal
Monday, 5 April 2010 Paralegals Field Fisher Waterhouse are looking for people who worked at the Shell Oil Refinery in Heysham, Morecambe, from around 1945 to 1960. “We are investigating a possible claim relating to asbestos exposure for a family,” they tell us. “Any help or information would be very much appreciated. “Please contact Rose [...]
Short-termism at Royal Dutch Shell
UPDATED MONDAY 26 APRIL 2010 “In an obsessively cost conscious environment such as the one that rules in Shell at the moment all labour-intensive sectors are at risk irrespective of their intrinsic value or their competence or even the likely long-term demand for their products and services.” Posting on Shell Blog by Wilt Staph [...]
Fears ease over BP oil well disaster
FINANCIAL TIMES By Ed Crooks and Sheila McNulty Published: April 23 2010 20:06 | Last updated: April 24 2010 02:48 The BP oil well in the Gulf of Mexico that suffered a catastrophic accident on Tuesday night appeared to have stopped leaking on Friday, easing fears that it could cause serious environmental damage. The incident [...]
BP’s reputation at risk after oil rig explosion
Daily Telegraph Tony Hayward is at the centre of his first major crisis as chief executive of BP, after a drilling rig the company hired exploded in the Gulf of Mexico. By Garry White Published: 6:19PM BST 23 Apr 2010 The rig, called Deepwater Horizon, was owned and operated by Transocean. Eleven of the Swiss-based [...]
EARNINGS FORECAST TABLE: Royal Dutch Shell 1Q 2010
THE WALL STREET JOURNAL APRIL 23, 2010 FRANKFURT (Dow Jones)–The following is a summary of analysts’ forecasts for Royal Dutch Shell PLC’s (RDSB) first-quarter results, based on a poll of 12 analysts by Dow Jones Newswires (in million USD, target price in pence, production in kboe/d, according to IFRS). Earnings figures are scheduled to be [...]
Shell Said to Join Exelon in Backing Senate Climate Measure
By Kim Chipman and Jim Efstathiou Jr. April 24 (Bloomberg) — Royal Dutch Shell Plc and ConocoPhillips are among oil companies intending to back climate-change legislation in the U.S. Senate, according to people familiar with their plans. Exelon Corp., the biggest U.S. utility owner by market value, also supports the measure, and Chief Executive Officer [...]
Oil firms benefit from crude prices
24 April 2010 Oil majors BP and Royal Dutch Shell are set to benefit from improving crude prices when the rivals present their first-quarter figures. Consensus forecasts put underlying profits from BP on Tuesday at around 4.8 billion dollars (£3.1 billion) – almost double its earnings for the first quarter of 2009. Similarly Anglo-Dutch rival [...]


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