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Posts on ‘August 4th, 2016’

Is this the beginning of the end for Royal Dutch Shell plc and BP plc?

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By Rupert HargreavesThe Motley Fool  Aug 4, 2016

Over the past 10 years, the oil industry has changed dramatically. Technological advances have helped reduce the cost of extracting oil from unconventional sources significantly, and as oil prices have plunged over the past two years, shale oil producers have ploughed more time and resources into pushing costs even lower.

As a result of this unrelenting drive to reduce costs and improve efficiency, it’s estimated that the majority of US shale fields can break even with oil at $60 a barrel. Scott Sheffield, the outgoing chief of Pioneer Natural Resources claims that Pioneer’s pre-tax production costs have fallen to $2.25 a barrel. 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.

North Sea oil workers strike over jobs and pay

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Andrew Ward, Energy Editor: August 4, 2016

Screen Shot 2016-07-29 at 16.46.22Hundreds of workers on North Sea oil and gas rigs downed tools on Thursday in an escalation of a dispute which has highlighted mounting economic pressure on the UK offshore energy industry.

Seven platforms operated by Royal Dutch Shell are affected by the 48-hour stoppage involving employees of its maintenance contractor, Wood Group.

The strike has exposed rising anger among the North Sea workforce…

FULL FT ARTICLE

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Bryce Elder

Shell slips as concern shifts to debt pile 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.

Australia: Shell calls for more immigration

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Mr Smith cited the immigration legacy of Australian gold rush towns like Bendigo. Picture: Gary Ramage.

MATT CHAMBERS

  • The Australian
  • 1:37PM August 4, 2016
  • Shell Australia chairman Andrew Smith has called for greater levels of immigration to bolster population growth, saying industry has failed to advocate for immigration policy that will help the economy.

    “Often-hysterical debate has surrounded Australian immigration in the new millennium,” Mr Smith told a Melbourne Mining Club lunch. 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.

    Idemitsu, Showa Shell shares slide after Idemitsu family moves to block deal

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    Markets | Wed Aug 3, 2016 11:53pm EDT

    * Idemitsu family buys small stake in Showa Shell

    * Purchase raises prospect of possibly expensive tender offer

    * Fears grow that move may derail deal

    * Shares in Showa Shell down 8 pct, Idemitsu down 7 pct 

    By Makiko Yamazaki and Chang-Ran Kim

    TOKYO, Aug 4 A move by Idemitsu Kosan Co Ltd’s founding family to block management’s plan to acquire smaller rival Showa Shell Sekiyu KK sent shares in the Japanese refiners tumbling on Thursday as concerns grew that the family might well succeed. 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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