Royal Dutch Shell, parent of Shell Canada, also reports Thursday. In a recently written fourth-quarter preview entitled, "2008 Ends On A Very Ugly Note,"UBS analyst Andrew Potter concludes: "Given the massive rout in commodity prices and crack (refining) spreads that occurred during the quarter, Q4 financial results will be the worst in several years."
January 27th, 2009:
More earnings carnage expected from oilpatch
Oil M&A fell in ’08, focus on unconventionals-E&Y
The report said the largest deals were launched by western oil majors such as Royal Dutch Shell Plc (RDSa.L) and ConocoPhillips (COP.N) to secure non-traditional reserves such as coal seam gas and tight gas.
Gazprom, Shell May Delay Exports of Russias First LNG Cargo
Japanese utilities may face a delay in receiving the first liquefied-natural gas cargoes from an OAO Gazprom-led project in Russia, an official said.
Halliburton to Pay $559 Million To Settle Bribery Investigation
The Justice Department says several of the alleged bribes occurred while Mr. Cheney led Halliburton.
Shell reports biggest profits slide for a decade
The oil major is expected to report a 62 per cent fall in profits in the last quarter compared with the £6.6billion it made in the third quarter.
Chill wind as companies pull out of projects
Shell made a similar announcement when it pulled out of the London Array last summer, leaving Eon and Dong, the other partners, to find a replacement.
Halliburton Settles Cheney-Era Bribery Probe With U.S. Government
Gen. Abachas appreciation for the money that Shells operations put into his coffers made him an eager ally when the oil industry faced popular protests, which were crushed by the dictators army and security forces. 1995, the year Cheney joined Halliburton, renowned writer and environmental advocate Ken Saro-Wiwa and eight of his colleagues were hanged by the Abacha government for their efforts to prevent Shell from continuing to poison the environment of the Niger Delta. It is estimated that more than 2,000 people have been murdered for their involvement in protests against Shells activities in the Delta. Most of those murdered were Ogoni who had rallied behind Saro-Wiwa in the early 1990s.
Talks continue on new US refinery workers contract
Talks between lead refiner negotiator Shell Oil Co (RDSa.L) and the United Steelworkers union could go down to the wire late on Saturday, said USW union spokeswoman Lynne Baker. Both sides have prepared for possible worker strikes or management lockouts if they fail to reach a new agreement. Neither the USW nor Shell have been willing to discuss the status of talks in detail.
This lobbying scandal confirms it. The dying days of Labour are upon us
Like Nigeria, the UK has no effective safeguards against such collusion. As the House of Commons public administration committee points out: "Lobbying activity in the United Kingdom is subject to no specific external regulation." Nor is it subject to anything resembling self-regulation. The sleazebags who suborn our representatives operate in a world without rules.
Shell Sells Oil Cargo, Phibro Tanker Leaves as Contango Shrinks
Jan. 27 (Bloomberg) -- Royal Dutch Shell Plc sold a cargo of crude stored off the U.K. and a vessel hired by Citigroup Inc.s Phibro LLC left its anchorage in Scotland for the U.S. as the incentive to keep oil in tankers disappears.