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Posts on ‘March 4th, 2014’

BP To Establish US Shale Assets As Separate Unit

Extracts from an article by Sarah Young & Dmitry Zhdannikov published on 4 March 2014 by Reuters

Screen Shot 2014-01-30 at 00.47.49LONDON, March 4 (Reuters) – British oil company BP plans to separate its onshore U.S. oil and gas assets into a new wholly-owned business to improve the competitiveness of its shale gas portfolio there. A number of big oil companies, including rival European operators Shell and BG, have struggled after making big investments in U.S. shale which have left them exposed to depressed gas prices, dragging on their profits. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Ukraine queries Royal Dutch Shell and Chevron shale deals

Extract from an article by of Reuters, published on 4 March 2014 by The Chicago Tribune

Screen Shot 2014-03-04 at 17.39.57Ukraine queries shale deals as Yanukovich era under scrutiny

KIEV/LONDON (Reuters) – Commercial deals concluded by Ukraine during the presidency of Viktor Yanukovich are already coming under scrutiny, less than two weeks since he was deposed, with lucrative gas projects involving Western companies among the first. Some Ukrainian parliamentarians have called for the new government to examine how, without significant financial outlay, a small Kiev-based consultancy received interests in shale gas projects led by Royal Dutch Shell and Chevron worth hundreds of millions of dollars. Andrew Neff, analyst at IHS Global Insight, said any investigation raises questions about whether Shell and Chevron’s contracts would be respected by the new government and that at the very least a probe would likely delay the projects.

FULL ARTICLE

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Forbes: What Ukraine Needs Is An American-Style Shale Gas Revolution

Even Ukraine’s ousted President Yanukovich, despite his dealmaking with Russia, had clearly acquiesced to pressure to explore Ukraine’s other energy options. Last year Ukraine signed natural gas exploration deals with Royal Dutch Shell as well as Chevron, which pledged to invest as much as $10 billion if adequate supplies of shale gas were found. The government said it hoped the two companies’ projects would add more than 50% to Ukraine’s current domestic natgas supply. Ukraine could hold more than 40 trillion cubic feet of recoverable shale gas, enough to satisfy decades of demand. Now with Yanukovich gone it’s as if Putin has taken the Crimea as a kind of hostage… read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Future Bright For BP and Royal Dutch Shell Shareholders?

Extracts from an article by Rupert Hargreaves published on 4 March 2014 by The Motley Fool

Screen Shot 2013-12-22 at 19.09.52One of the problems that these oil majors face is the sheer size of their operations, making it hard to keep track of everything. In particular, it has been estimated that up to 30% of Shell’s assets are not currently generating a return on investment. Further, Shell is having a problem with free cash flow, which is not growing nearly as quickly as management said it would. The company said in 2012 that it would generate $200bn of operating cash flow over the ensuing four years, so far it has only realised about $40bn a year. Shell has been divesting assets left, right and centre, with $15bn of asset sales planned, although this figure could double. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Gas Pipeline Map That Shows Why The Crisis In Ukraine Affects All Of Europe

Map and extracts from article by Michael Kelly published by businessinsider./com on 3 March 2014

(In answer to LondonLad…)

Screen Shot 2014-03-04 at 07.54.16This Is The Gas Pipeline Map That Shows Why The Crisis In Ukraine Affects All Of Europe: If you question the strategic location of Ukraine, check out this map that Agence France-Presse made last in December — two months before protesters in Kiev forced President Viktor Yanukovych out of office. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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