Wednesday, June 19, 2019

Tag: Royal Dutch Shell

New Expectations for Turkish Stream and More

Plans to build the Turkish Stream gas pipeline have reappeared on the political agenda of Moscow and Ankara. After the July 26-27 talks between Russian Deputy Prime Minister Arkady Dvorkovich and his Turkish counterpart, Mehmet Şimşek, both parties confirmed their willingness to resume a dialog on issues of mutual...

NYT Reveals Think Tank It’s Cited for Years to Be Corrupt Arms Booster

A recent New York Times article (8/7/16) detailed, in often scathing terms, what many media critics already knew: that think tanks are frequently not objective, neutral arbiters of information, but corporate- and government-funded agenda-promoters with an academic veneer to give the appearance of impartiality. One of the two think tanks...

Oil Giants Find There’s Nowhere to Hide From Doomsday Market

Exxon Mobil Corp. and Royal Dutch Shell Plc last week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp.’s third straight loss marked the longest slump in 27 years, and BP Plc lodged its lowest refining margins in six years. Welcome to year two of a supply...

Shell Resumes Business With Iran

Royal Dutch Shell has restarted purchasing crude oil from Iran, according to trade sources and ship-tracking data cited by Reuters. The company’s resumption of business with the Middle Eastern country makes it the second oil major after the French firm Total to do so since international sanctions on Iran were...

BP, Shell among bidders to run Qatar oil field

DOHA - Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters. The other bidders are the field's current operator Maersk, as well as Total SA, Chevron Corp and ConocoPhillips, said...

The Race Between U.S. And Australian LNG Just Started

Cheniere Energy reached a milestone on February 25, dispatching the first shipment of LNG from its facility at Sabine Pass, Louisiana. The LNG tanker Asia Vision departed the U.S., bound for Brazil. The fact that Petrobras would be the first to benefit from Cheniere’s operations speaks to the confused...

The Untouchables: Why it’s getting harder to stop multinational corporations

Chachengwa had been growing maize and cotton here her whole life. Every year, she took out loans for seeds and fertilizer, and then paid them back with her harvest. Since she lost her husband, she had relied on her two daughters and eight grandchildren to help tend her 75-acre plot.

Woodside Scraps $40 Billion LNG Project After Price Collapse

Woodside Petroleum Ltd. and partners including Royal Dutch Shell Plc and BP Plc scrapped plans to develop the $40 billion Browse liquefied natural gas project in Australia after the plunge in oil and gas prices. Australia’s second-largest oil and gas producer won’t go ahead with the floating LNG development after completing...

BG Egypt halts some development wells over price dispute

BG Egypt has suspended work at some Egyptian development projects after it failed to agree with the government on the price of gas, an Egyptian General Petroleum Corp (EGPC) official told Reuters on Tuesday. "BG has stopped work at 9A+ and 9B after failure to reach an agreement on the...

Shell, Saudi Aramco Plan to Break Up Motiva Partnership

Ownership of biggest refinery in the U.S. will shift to Saudi Arabia’s hands. Oil giants Royal Dutch Shell PLC and Saudi Arabian Oil Co. plan to end their long-standing fuel partnership, putting ownership of the biggest refinery in the U.S. in Saudi Arabia’s hands. Shell and Saudi Aramco formed their Motiva...

Green MEP denounces Gazprom’s bullying tactics over Nord Stream 2

Claude Turmes, a leading Member of the European Parliament for the Greens party, dropped a bombshell at a Brussels event yesterday (24 February) when he made allegations about Gazprom’s tactics to push the Nord Stream 2 gas pipeline project. The five Western companies co-investing in Nord Stream 2 were told by Gazprom to stop...

With U.S. Gas, Europe Seeks Escape From Russia’s Energy Grip

Gulf Coast exports of liquefied natural gas, or LNG, are expected to loosen Russia’s dominance in the European energy market. ABOARD THE INDEPENDENCE, Lithuania—On the deck of this floating gas terminal, Mantas Bartuska awaits a tanker to pass a narrow inlet on the Baltic Sea with the first natural gas...

Saudi War for Yemen Oil Pipeline is Empowering al-Qaeda, IS

Secret cable and Dutch government official confirm that Saudi Arabia’s war on Yemen is partly motivated by an ambitious US-backed pipeline fantasy. Nearly 3,000 civilians have been slaughtered and a million displaced in Saudi Arabia’s noble aerial bombardment of Yemen, which is backed by the United States and Britain. Over 14...

Israel, Saudi Arabia, Defense And Oil Spent Nearly One Trillion Urging DC For More...

The defense industry spent $56,272,948 to influence Washington last year, but they weren’t the only ones urging Congress and Obama for more war. WASHINGTON — The defense industry spent millions lobbying the federal government last year, but they weren’t the only ones urging the country toward more war. Countries like...

Europeans line up to do business with Iran while Americans wait

MOSCOW — European businesses were set Sunday to speed back onto the Iranian market, hours after crippling international sanctions were lifted on Iran in exchange for Tehran’s pledge to put its nuclear program on ice. The flurry of investor excitement and the sheer size of Iran’s economy had some analysts...

In Saudi Aramco IPO, Global Refining Empire May Be the Prize

Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude producer may have to wait. The company says one option is to sell shares in its refining assets rather than the parent. While that would lock private capital out...

Extreme Oil Bears Bet on $25, $20 and Even $15 a Barrel in 2016

Oil speculators are buying options contracts that will only pay out if crude drops to as low as $15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices. The bearish wagers come as OPEC’s effective scrapping of output limits, Iran’s anticipated return...

Nigeria budget signals shift away from oil dependence

Africa’s largest economy is seeking to diversify away from oil into mining and other sectors, amid low fuel prices and environmental concerns. That was the message from Muhammadu Buhari, president of Nigeria, on Wednesday as he presented his first budget since taking office in May. “The Nigerian economy needs to move away from...

Germany’s Merkel Defends Russian Gas Pipeline Plan

EU and U.S. officials fear project could undermine the economic and political stability of Ukraine. BRUSSELS - German Chancellor Angela Merkel found herself under pressure on Friday from other Europe Union leaders over her government’s support for a natural-gas pipeline from Russia that others fear could further undermine the economic...

EU leaders to clash over Nord Stream 2 at summit

The issue of Nord Stream 2 will be discussed at the 17-18 December EU summit, but the exchange is unlikely to go very far because the countries opposing the project use legal arguments which are not widely accepted, analysts told EurActiv. At least seven countries from Central Europe have taken...

Russia may freeze Turkish Stream gas project – Gazprom

Russia may freeze work on the Turkish Stream gas pipeline project for several years in retaliation against Ankara for the shooting down of a Russian air force jet, two sources at Russian gas giant Gazprom told Reuters. The Kremlin has imposed trade sanctions on Turkey over last week's jet incident...

The Oil Tanks

The oil industry ties behind think tanks' push to repeal the crude oil export ban. Over the past two years, nine of the most frequently cited US think tanks have released reports endorsing crude oil exports, sent experts to advocate exports in Congressional testimony, and published op-ed columns supporting a repeal of the ban on exporting crude oil.

Western firms primed to cash in on Syria’s oil and gas frontier

US, British, French, Israeli and other energy interests could be prime beneficiaries of military operations in Iraq and Syria designed to rollback the power of the ‘Islamic State’ (ISIS) and, potentially, the Bashar al-Assad regime. A study for a global oil services company backed by the French government and linked...

The case against Nord Stream 2

By opening up an additional route for cheap Russian gas to Germany, the Nord Stream 2 pipeline project may look like a good deal for Europe. However, its advantages are primarily short term, writes Agata Loskot-Strachota of the Centre for Eastern Studies (OSW) in Poland. In the longer term...

Shock, Denial, and Panic in the Oil Sector

“After the initial shock, denial, panic and capitulation, oil producers, service providers, and energy investors must view the future differently based on the lower-for-longer oil price scenario, or risk their own.” Investment firm Oppenheimer (OPY) said this in a recent note. The folks there must agree with us...there’s more pain...

Iran’s Even More Tempting for Big Oil After Price Crop

The world is awash in crude, but big oil companies are lining up to develop new fields in Iran even as they slash spending and abandon exploration elsewhere. One thing explains this paradox: cost. The Middle Eastern country is one of the cheapest places in the world to tap new...

Qatar sovereign wealth fund suffers $12B paper loss

Qatar's sovereign wealth fund has had a quarter to forget — suffering as much as $12 billion of losses on Volkswagen, Glencore and Agricultural Bank of China, three of the biggest equity investments of its roughly $250 billion fund. With two days of the third quarter to go, the Qatar...

Gas Could Trump Oil in Iran’s Post-Sanctions World

Much of the energy discussion surrounding the lifting of Iranian sanctions has focused on the effects on oil prices, but Iran’s gas potential could shake up global gas markets and provide robust economic benefits for the country. Iran’s gas reserves are the second largest in the world (the largest...

Unmasking ISIS

INTRODUCTION Where did ISIS come from? How was it able to gain land, arms and money so quickly? This book will answer those questions ... and unmask ISIS. Part 1 shows that the U.S. – through bad policies and stupid choices – is largely responsible for the rise of ISIS. Part 2 reveals...

As oil prices tumble, from Algeria, Nigeria, Gabon to Angola, Africa’s producers are in...

The decline in the oil price has plunged Africa's oil and gas industry into dire straits, a situation made worse by factors such as uncertain regulation, corruption and the prospect of political and social instability. It is a particular burden on those economies most reliant on the industry for revenue,...

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