Woodside Petroleum: To Shell or Not to Shell?
Updated: 2011-11-08 12:01:45
: Royal Dutch Shell plc com News and information on Royal Dutch Shell . Plc Skip to Content Home Contact Us Contributors Mission Shell Blog Shell Library Woodside Petroleum : To Shell or Not to Shell Nov 8th , 2011 by John Donovan NOVEMBER 8, 2011 By Gillian Tan It’s been a year to the day since Royal Dutch Shell blindsided Australia’s largest oil and gas company Woodside Petroleum by selling down a 10 stake for A$3.3 billion US$3.4 billion Appeasing Woodside , Shell promised to hold onto its remaining 24.27 interest for a year unless a takeover offer or a strategic buyer . surfaced Given that no industry interest arose even when stock fell to a three-year low below A$30 US$31.08 analysts believe the only way Shell can divest is to return to the . market Apart from the fact that the stock
BP seems incapable of shrugging off the curse of the Deepwater Horizon at the moment, as the company jolts from one crisis to another. A quick flick at this morning’s headlines do not make great reading for CEO Bob Dudley, after the acrimonious collapse of BP’s $7.1 billion deal to sell a majority stake in...Continue reading 'Bob Dudley: “All Mouth, No Trousers”'.
Yesterday, over 12,000 people came from across North America and Canada to the White House to call on President Obama to stop the highly controversial Keystone XL pipeline. The thousands of protesters, some carrying a long black inflatable replica of a pipeline, formed a human chain around the White House. Some chanted “Yes we can,...Continue reading .
Mt Rushmore without the heads
As thousands gather around the White House tomorrow to urge President Obama to reject the Keystone XL pipeline, let’s take a minute to look at some of the ways the project has garnered political support so far. Because in the end this is a political decision. A yes indicates support for Big Oil and the...<br /Continue reading 'How to buy a pipeline? Buy Congress.'.
Royal Dutch Shell plc com News and information on Royal Dutch Shell . Plc Skip to Content Home Contact Us Contributors Mission Shell Blog Shell Library Gas work at Shell Gannet Alpha leak pipeline completed Nov 5th , 2011 by John Donovan 4 November 2011 Work to release gas trapped in a pipeline which spilled more than 200 tonnes of oil into the North Sea has been completed , Shell has . said Divers earlier closed a relief valve after the incident at the Gannet Alpha platform in . August Shell said the latest operation on the 4km structure had further enhanced its stability and . security” Plans are being made to deal with the remaining oil in the pipeline . An investigation into the leak is . ongoing The impact of the oil spill in the North Sea was minimal , Scottish Fisheries Minister
Royal Dutch Shell plc com News and information on Royal Dutch Shell . Plc Skip to Content Home Contact Us Contributors Mission Shell Blog Shell Library Shell was squeezed out of the Sakhalin-2 project precisely five years ago Nov 4th , 2011 by John Donovan By Motley Fool Staff Posted 9:58PM 11 03 11 EXTRACTS Last week , my Foolish colleague Alex Planes wrote a superb article offering the conclusion that Cheap Oil Isn’t Coming Back , 8221 an assessment with which I completely agree . Beyond that , though , I’d add , And Cheap Gas Has a Brief Future , Too . 8221 With that in mind , it’s crucial to look back at the recent earnings season to garner what we can about which major oil companies appear to offer the biggest boosts for our . portfolios Shell’s full of LNG Royal Dutch Shell also
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There is little disagreement that, with a few exceptions, renewable energy technologies tend to be more expensive than conventional options, especially considering their intermittent and unpredictable nature, which often requires backup generation or storage. Their main selling point is that they are non- or significantly less polluting. Renewables gain comparative advantage if a price were [...]
We have discussed a number of times on this blog how energy security cannot be attained through importing more oil from Canada or increasing domestic drilling. These false solutions give the impression something is being done to ease the burden of high oil prices on the nation but in reality make no difference. So it...Continue reading 'Military Wisdom: Pentagon strategy doesn’t include Canadian oil'.
So its official: fracking causes earthquakes. Just minutes ago, a report published by the oil company Cuadrilla as to whether its drilling operations caused two “earthquakes” back in April and May, concluded that fracking was the “highly probable” cause of the small seismic events. Cuadrilla suspended fracking operations in June, over fears of a link...Continue reading 'The Downsides of “Extreme Energy”'.
I remember years ago going to a lecture by a senior executive from Premier Oil about operating in Burma and he said that oil men liked working in authoritarian regimes as they were much more predictable than democracies. Ironically they were more stable. Over the last year, the Arab spring has challenged this concept to...Continue reading 'Oil and Democracy Don’t Mix'.
$100 Billion. That’s what the big 5 oil companies have made in profits since January 1. $102.85 billion to be more precise, according to my own calculations (see table below). That means that they’re on course to top $140 billion for 2011. More if oil prices keep rising. And that’s in a year when unemployment...Continue reading 'The Living Dead: will Big Oil’s record profits turn us all to zombies?'.
Last Friday, oil giant Royal Dutch Shell, announced that it had doubled third quarter profits to $7.2 billion. So where is this cash coming from? Let’s not forget that Shell has spent millions over the last fifteen years trying to remould its image from a dirty oil company implicated in human rights abuses to a...Continue reading 'Shell “Threatens” the EU with Long-Term Exit'.
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From the desk of John Thomas
The Mad Hedge Fund Trader
Monday, October 17,, 2011
I received some questions last week on my recent solar pieces as to whether I minded paying more money for “green” power. My answer is “hell no,” and I’ll tell you why. My annual electric bill comes to $1,500 a year. Since the [...]
Britain was joined by some Eastern European countries yesterday in backing Canada in its dirty fight to force the EU not to discriminate against the tar sands in the Fuel Quality Directive. A meeting of European environment experts yesterday had been expected to vote on a proposal by the European Commission to give a different...Continue reading 'Britain Backs Canadian Bullying Over Tar Sands'.
The keynote address below was given by Bob Peebler, ION Geophysical CEO at the annual World Oil Awards on October 13, 2011. The theme of the event was: “A Decade of Achievement: Recognizing innovations in the oil & gas industry”. It seems like only yesterday I received my award from World Oil over 10 years [...]
By Agence France-Presse October 12, 2011
A dead shag soaked in oil from the grounded container ship Rena lies on Papamoa Beach near Tauranga on Oct. 12, 2011.
Photograph by: BRADLEY AMBROSE, AFP/Getty Images
PARIS – A container ship stuck on a New Zealand reef risks breaking up and releasing more oil into a pristine bay, escalating the [...]