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Posts on ‘September 15th, 2015’

Iraq Asks Oil Companies to Cut Spending After Drop in Prices

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By Khalid Al Ansary: September 15, 2015

Iraq asked oil companies to reduce their 2016 spending plans in the country by Sept. 30, citing lower oil prices and government revenue.

The reduced budgets shouldn’t affect 2015 production, Abdul Mahdy Al-Ameedi, director of licensing at Iraq’s oil ministry, said by phone Tuesday, citing a letter that the ministry sent to companies. Iraq is now producing more than 3 million barrels a day, he said.

“We’ve asked them in a letter we sent them to take into consideration the drop in oil prices and the low revenues of the government that may not cover their investments,” al-Ameedi said. “There was a stipulation that this investment reduction must not affect oil output from the fields that was in the 2015 schedule.” read more

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

Ghost of Exxon Valdez Haunts Shell in the Arctic

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Screen Shot 2015-09-01 at 23.33.36Andy Rowell, September 11, 2015

There are many contradictions about Shell’s Arctic misadventure to drill for oil, but three are the most striking: Firstly the company is spending billions of dollars and risking the reputation of the company on oil that can never be burnt.

Secondly, Obama having just allowed the company to start drilling in the Arctic, then visits the region to warn about climate change; something that his Administration has just made worse.

And thirdly, Shell says it can adequately clean up any spill in the region, if there is an accident. That last promise is for want of a better word, a lie. The only way to clean up a spill in the Arctic is not to spill oil in the first place. The bottom line is that any oil spilt in the Arctic may never be cleaned up, and its legacy may last decades, or even longer. read more

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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