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Posts on ‘January 16th, 2009’

Will Big Oil Go Shopping?

January 16, 2009 

24/7 WALLst

Yesterday’s story about Venezuela opening the bidding for its oil resources raised an interesting question. What are the chances that Exxon Mobil Corporation (NYSE:XOM), with nearly $40 billion in cash at the end of the third quarter or Chevron Corporation (NYSE:CVX) with about $11 billion will acquire new assets or purchase smaller companies? Royal Dutch Shell plc (NYSE:RDS.A-B) is sitting on nearly $8 billion in cash, and BP plc (NYSE:BP) holds more than $6 billion.  If you have listened to what Big Oil operators have been saying, you can  assume that there is at least some interest in them looking at opportunistic acquisitions of companies, units, or reserve assets. read more

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Turkey’s private gas importers hit by Russian cut

ISTANBUL, Jan 16 (Reuters) - Gas imports by the Turkish units of Gazprom and Royal Dutch Shell , the only two non-state importers, were halted when Russian gas stopped flowing last week, company officials said on Friday.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Oil Shale Dreams Aren’t Dead

With a good deal of conventional oil production becoming uneconomic at today's prices, you would think that oil majors might shelve their dreams of tapping the world's vast -- and unconventional -- oil shale reserves. Well, Total SA and Royal Dutch Shell are keeping the dream alive.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Crude Oil Set for Two-Week Decline After OPEC Cuts Forecast

Morgan Stanley is seeking a supertanker to store crude oil, joining Citigroup Inc. and Royal Dutch Shell Plc in trying to profit from higher prices later in the year, four shipbrokers said.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Woodside Scraps Planned California LNG Import Project

Woodside, 34 percent owned by Royal Dutch Shell Plc, can’t say yet whether it would include a charge in its accounts for expenditure so far on the project, Martin said, declining to quantify the amount.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell to Pay $1 Million for Water Pollution in Puerto Rico

SAN JUAN, Puerto Rico, January 15, 2009 (ENS) - For discharging pollutants into a creek that flows to the Caribbean Sea, a Shell petrochemical company in Puerto Rico has agreed to pay a $1,025,000 penalty and spend at least $273,800 enhancing its pollution controls and monitoring to remedy the Clean Water Act violations.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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