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Posts on ‘February 8th, 2016’

Oil Prices Slide Again as Oversupply Fears Persist

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By TIMOTHY PUKO and GEORGI KANTCHEV: Feb. 8, 2016 

Oil prices dropped back below $30 Monday amid continuing fears about the global oversupply of crude. A Sunday meeting between Saudi Arabia and Venezuela ended without any plans for production cuts, damaging hopes that the world’s major exporters will cooperate on output cuts. Data from Barclays also suggested softer demand from the world’s largest consumers, the U.S. and China. read more

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Workers evacuated from storm-hit Shell platform

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SAM CHAMBERS: 8 FEB 2016

A Shell platform that has run into difficulties in the past is in the news again as severe weather forced an evacuation last night.

Close to 80 workers were forced to leave the Brent Bravo in the North Sea last night and moved to two sister platforms as the oil major feared Storm Imogen with 130 kmh winds might have damaged the installation.

“Personnel on the platform were called to muster following damage to one of the structure’s legs. As a precaution, all non-essential personnel were moved to other nearby Brent platforms,” Shell said in a statement. 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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