Shell cash flow up 69 per cent in Q4 By Ron Bousso and Karolin Schaps LONDON, Feb 2 (Reuters) – Shell made more money than Exxon Mobil in the second half of 2016, despite the Anglo-Dutch oil major’s annual profit hitting its lowest level in more than a decade as it grappled with a deep […]
Shell outstrips Exxon on profit, cashflow seen signalling revival Read More »
Shell investors pressure company into green energy investments By Karolin Schaps and Ron Bousso LONDON, Feb 2 (Reuters) – Royal Dutch Shell is close to selling assets totalling $5 billion to cut debt following its acquisition of BG Group, the oil major said on Thursday as it reported its lowest full-year earnings in more than a
Shell nears another $5 billion in sales to ease debt load Read More »
Saudi Aramco Berri oilfield could add 250,000 b/d By Reem Shamseddine KHOBAR, Saudi Arabia, Feb 2 (Reuters) – State oil giant Saudi Aramco is considering expanding its oil and gas production from the Berri offshore oilfield, industry sources told Reuters. Aramco would over time add 250,000 barrels per day of crude oil from Berri, possibly
Saudi Aramco examines Berri oilfield oil, gas expansion -sources Read More »
Scientists challenging Trump may use Information Quality Act By Valerie Volcovici WASHINGTON, Feb 2 (Reuters) – Scientists may steal a page from the oil industry’s playbook to stop President Donald Trump rewriting the U.S. position on climate change, by relying on an obscure law meant to ensure federal agencies present accurate information. The 2001 Information
Climate advocates study industry lobby’s playbook to fight Trump Read More »
ConocoPhillips Q4 loss narrowed to $35 million Feb 2 (Reuters) – ConocoPhillips, the largest U.S. independent oil producer, reported a smaller-than-expected quarterly loss on Thursday, helped by higher crude prices and lower costs. The results reflected a slow but steady improvement across the industry as crude prices stabilize after a two-year rout. Conoco said its
ConocoPhillips loss smaller than expected on higher oil price Read More »
Oil majors boosting stakes in Permian By Ron Bousso LONDON, Feb 2 (Reuters) – Royal Dutch Shell and Anadarko Petroleum are renegotiating their five-year-old joint venture in the Permian shale basin in Texas, Shell Chief Financial Officer Simon Henry said on Thursday. The 50-50 JV in the Delaware basin, which expires this year, will likely
Shell renegotiating Permian JV with Anadarko Read More »
Oil prices fell slightly in Thursday trading By Scott DiSavino NEW YORK, Feb 2 (Reuters) – Oil prices edged lower on Thursday, giving back early gains as traders grew less concerned about tensions between the United States and Iran. U.S. President Donald Trump said on Thursday in a tweet that Iran had been “put on notice” after
Oil prices edge down as market downplays U.S.-Iran missile test dispute Read More »
Question should be: “how best to exploit our huge shale gas resource?” By John Baldwin, Managing Director, CNG Services It has never been a better time to work as a gas man in the UK. Our great rival coal is vanquished with the last few coal fired generation plants having to close by 2025. The recent electricity capacity auctions have launched a new wave of gas
Golden age of natural gas in the United Kingdom is here Read More »
United States challenged content requirements applied by India, Canada, Argentina, China, Turkey, and Philippines among others By John Kemp LONDON (Reuters) – President Donald Trump on Tuesday invited the promoter of the Keystone XL pipeline to re-submit its application for a permit and promised an expeditious review. But Trump’s memorandum on Keystone was twinned with another
Donald Trump probably can’t require pipelines to use US steel: Kemp Read More »
Scotford Refinery processes 100,000 barrels per day of crude oil In early Dec., Shell Canada’s super-efficient Scotford refinery “cracked” through a new production ceiling, according to a press release from the Canadian Fuels Association. A major project to enhance Scotford’s hydrocracker production capacity by 20 percent was completed in just under a year and a half,
How Shell boosted production at Scotford Refinery by 20% Read More »
