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Posts on ‘November 15th, 2008’

Opec raises the prospect of a cut in oil output

Oil prices continued to slide this week with crude at one point dipping below $55 a barrel - the lowest since early 2007 - as official data pointed to a longer and more intense global economic downturn than previously forecast with an accompanying slump in worldwide demand for commodities.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Royal Dutch Shell downgraded to “hold”

newratings.com

11/14/08 – ING Financial Markets

LONDON, November 14 (newratings.com) – Analysts at ING Financial Markets downgrade Royal Dutch Shell (RDSA) from “buy” to “hold.” The 12-month target price has been reduced from €25.50 to €22.56.

In a research note published this morning, the analysts mention that the sharp decline in global oil prices is likely to restrict the company’s free cash flows going forward. Royal Dutch Shell’s future profitability is also expected to be negatively impacted by the lower oil macro scenario, global recession and the company’s huge investments in complex and unconventional projects, the analysts add. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Oil-shale projects are going ahead in Utah — for now

Royal Dutch Shell PLC, Europe's largest oil company, said last month that it was pushing back a decision on expanding an oil-sands project in Canada. But Shell's Denver-based exploration and production company is moving its oil-shale development forward, said Tracy Boyd, communications and sustainability manager

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

OMV in talks with Shell, BP on Nabucco gas

Austria's OMV AG is in talks with BP and Royal Dutch Shell to buy Azeri and Iraqi natural gas for transport through the planned Nabucco pipeline, which the EU hopes will reduce its reliance on Russian imports.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

What does a company making $250 billion a year do for an encore?

That confidence springs from cash, mountains of it, and know-how. The 100% state-owned Aramco manages all its own projects and invests in the latest technology. It's easily the most profitable company on the planet:

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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