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Posts on ‘March 10th, 2015’

Exxon, Shell’s spending patterns may help them through oil price drop

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* Two biggest oil firms have finished major projects

* Exxon, Shell able to cut 2015 spending

* All oil majors face 2015 negative cashflow

* Set to increase borrowing easily to cover shortfalls

By Ron Bousso and Dmitry Zhdannikov

LONDON, March 10 (Reuters) – The world’s two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending. 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.

Royal Dutch Shell Faces $18 Billion Cash Flow Deficit in 2015-2016

Screen Shot 2015-01-12 at 08.45.23Article by Jayson Derrick, Benzinga Staff Writer, published 09 March 2015 by benzinga.com under the headline:

Royal Dutch Shell Faces $18 Billion Cash Flow Deficit in 2015-2016, Says Oppenheimer

In a report published Sunday, Oppenheimer analyst Fadel Gheit estimated Royal Dutch Shell plc (NYSE: RDS-A) will face a free cash flow deficit in both the current year and next year.

Gheit noted that Shell is taking actions to preserve its financial flexibility, including capital expenditure reductions, cost cuts and dividend freezes as the company believes oil prices need to average $90 to $110 per barrel longer term to meet growing demand while other producers believe “$70 oil is the new $90 oil.” 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.

City aims monkey wrench at homeport for Shell’s Arctic drilling fleet

Article by Joel Connelly published 9 March 2015 by Seattlepi.com

City aims monkey wrench at homeport for Shell’s Arctic drilling fleet

Seattle city officials on Monday tossed a carefully aimed monkey wrench into plans, approved last month by the Seattle Port Commission, to use the Seattle waterfront as base of operations for Shell Oil’s Arctic oil drilling fleet.

The city’s Department of Planning and Development will “review, investigate and determine” whether the port’s plan to play host to Shell — or, to be exact, Foss Maritime — is allowed under the current shoreline substantial development permit granted to Terminal 5. 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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