Oil and gas exploration by energy giants Exxon, BP and Rosneft is seriously threatening one of the worlds most critically endangered whales, according to a panel of top scientists in a new report. The Western Gray Whale Advisory Panel (WGWAP), composed of 11 scientists and representatives from Shell and Sakahlin Energy...
Exxon
Shell/Sakhalin Energy blame Exxon/BP/Rosneft for threat to endangered whales
BP CEO: Mega oil merger not compelling
The logic for a possible mega merger between international oil companies isn't a terribly compelling, BP Plc's Chief Executive Officer Tony Hayward said.
Big Oil Can’t Resist the Chavez Charm
You'd think BP or Royal Dutch Shell, for instance, would be especially hesitant about cozying up to the strongman again. After all, BP saw one of its executives flee Russia to escape trumped up charges while having a power-sharing agreement forced on it. Shell was forced to sell its Sakhalin Island interests to Russian gas giant Gazprom. Such are the dangers of signing over your soul to the devil.
Caltex Australia Says Carbon Costs Threaten Refining Industry
Oct. 23 (Bloomberg) -- Australia's oil-refining industry would be threatened by ``high'' costs for carbon emissions permits under the government's proposed trading system, said Caltex Australia Ltd., the nation's biggest refiner.
Big Oil’s Last Stand
The American public is fed up with Big Oil. In 2006 Gallup published its annual rating of public perceptions of U.S. industry. The oil industry is always a poor performer, but this time it came in dead last earning the lowest rating for any industry in the history of the poll.
U.S. Refineries Are Shut, Offshore Wells Closed, for Hurricane
Motiva Enterprises LLC, a Houston-based joint venture of Royal Dutch Shell Plc and Saudi Arabia's state oil company, said it shut its Norco, Louisiana, plant, which can process 236,400 barrels a day.
Gustav: Shell, BP and Exxon ready to close Gulf of Mexico rigs
Shell and BP evacuated staff from rigs, while ExxonMobil and other operators activated contingency plans to cease operations on offshore facilities that account for a quarter of US crude oil production and 15% of natural gas output.
Shell’s ex-president presses on
During an appearance on CNBC early in the summer, John Hofmeister made a startling statement: "Oil isn't a free market." Soon after he said it, the show cut to a commercial and someone handed Hofmeister, who was about to retire as president of Shell Oil Co., a piece of paper. It was a message from Shell's headquarters in the Netherlands telling him he could not say that.
Have we reached the end of the road for oil?
This means that the huge profits being made by multi-nationals such as Shell or ExxonMobil may turn out to be their last hurrah. "The days of the international oil companies are coming to a glorious end," said Fatih Birol, chief economist of the International Energy Agency, last month. "Their reserves are declining and they will have difficulty accessing new ones."
Oil Dependency is Africas Undoing
Shell Petroleum Development Corporation (SPDC) has been mining oil in Nigerias Niger Delta in conjunction with NNPC, Agip and Elf. But all the while, Nigerian citizens have not benefited from these mines; their environment is destroyed.
LEARNING THE RIGHT RULES OF THE GAME
Many games have had spectacular results - for instance the Shell Make Money game in 1984, which is claimed to have lifted sales by more than 25 per cent...
Canadians ponder cost of rush for dirty oil
Shell, Chevron, Exxon, Total, Occidental, Imperial and most other oil majors have so far invested nearly $100bn Canadian dollars (£50bn) in the 1,160 square mile (3,000 square kilometre) "bitumen belt", which is being called the "new Kuwait".
Inpex Says Kashagan Oil Field Delayed by Two Years to 2013
Eni, Kashagan's operator, and its partners including Exxon Mobil Corp., Royal Dutch Shell Plc and Total SA signed a memorandum with the government on June 28 delaying production at the project for the fourth time until Oct. 1, 2013, according to a statement on the government's Web site.
Taqa to buy Shell and Exxon oilfields
The company this week announced that it was buying six North Sea oil fields from Shell and Exxon, giving it 40,000 barrels of oil equivalent per day of production, and an estimated 160m boe of reserves.
American Energy Policy, Asleep at the Spigot
Consumers overseas might not like higher taxes on gasoline, but theyve adapted, says Jeroen van der Veer, chief executive of Royal Dutch Shell, the European energy giant. A society can work, can function and can grow even at higher fuel prices, he says. Its a way of life you get used to it. In Mr. van der Veers native Holland, for example, gasoline sells for more than $10 a gallon, with $5.57 of that going to taxes.
Big Oil’s Iraq deals are the greatest stick-up in history
"We" are already heisting Iraq's oil, or at least are on the brink of doing so. It started with no-bid service contracts announced for Exxon Mobil, Chevron, Shell, BP and Total... Iraq is being forced to sell 75% of its national patrimony to pay the bills for its own illegal invasion and occupation.
The world must kick its addiction to oil
Markets won't correct the soaring prices that threaten our economic wellbeing. So governments must
Oil lubricates high-level links
In its attempt to take back control of its most precious resources, Russia dismantled Yukos, its most promising independent oil company; played hardball with Royal Dutch Shell in Sakhalin and appears to be making similar moves on TNK-BP.
Energy industry upheaval to benefit oil services
Some suggested that the international oil companies such as ExxonMobil, BP and Royal Dutch Shell would have to change their business model to become more like service companies if they were to prosper.
Exxon Mobil, Shell, Total and BP return to Iraq
Four oil giants - Exxon Mobil, Shell, Total and BP - are to announce next week no-bid contracts to start servicing the creaking Iraqi oil infrastructure, crippled for decades by lack of investment and often targeted by insurgents.
Rising oil prices are on a slippery slope to disaster
You might think that oil company executives would be gleeful about oil at $140 per barrel, but the mood in the corridors at Exxon, Shell and BP is gloomy. They are fearful of the future...
Talks aim to avert Arctic oil rush
Commercial interest in exploiting the Arctic is hotting up. Denmark recently attracted the likes of ExxonMobil and Chevron, the two biggest US energy groups, along with several smaller players, to explore off its western coast. Alaska, meanwhile, garnered aggressive bidding by Royal Dutch Shell, Europe's biggest energy group, which earlier this year won the right to explore the remote part of the state's Arctic North Slope.
Big oil lends to Nigeria
Royal Dutch Shell is one of a number of oil majors talking to the Nigerian National Petroleum Corporation, the state-run oil company, about terms for huge loans to kickstart exploration and production in the country. Between them, Shell, ExxonMobil and Total are contributing about $6bn.
Shell warns Nigeria of threat to confidence
Shell voiced its concerns shortly after agreeing, in a separate move, to lend the government $3.1bn (2bn, £1.6bn) to help kick-start stalled projects in their Niger Delta joint venture - the Shell Petroleum Development Company (SPDC).
Shell Says Nigerian Changes May Deter Investment (Update1)
Governments are seeking more money from oil companies as crude prices have surged to a record and exploration for resources has heated up. Shell ceded a stake in the $22 billion Sakhalin-2 offshore oil and gas project in Russia to Gazprom last year after Russian regulators threatened to shut it down for environmental violations.
Rockefellers Seek Change at Exxon
The resolutions ask Exxon to take the threat of global warming more seriously and look for alternatives to spewing greenhouse gases into the air.
Shell/Exxon NAM may reopen Dutch oilfields
NAM is considering reopening some oilfields in the west of the country, Dutch newspaper De Telegraaf reported, as oil prices rocket to highs near to $128 a barrel.
Inupiat Eskimo sue Shell to fend off danger of offshore oil
So far, neither the legal wrangling, nor the high costs of Arctic operations have daunted Shell and other top oil companies, which are eager to capitalize on soaring prices and projections of unquenchable demand for oil and gas in the coming decades. As the largest new player offshore, Shell has spent nearly $3 billion on leases in the Beaufort and Chukchi seas. Both Shell and ConocoPhillips are trying to amass federal permits that would free them to ramp up exploration this summer. Those permits would allow the "incidental harassment" of wildlife during routine industrial activities.
A Crude Game: Paying For Our Own Destruction
Today six "supermajors"Exxon Mobil, Royal Dutch Shell, BP, Chevron, Conoco Phillips, and the French Totaldominate the world oil market.
Oil Trades Near $120 After Rising to Record on Demand Outlook
A weekend attack in Nigeria, Africa's biggest oil producer, forced Royal Dutch Shell Plc to reduce output, the Associated Press reported May 3, citing the company. The Movement for the Emancipation of the Niger Delta, or MEND, claimed responsibility for the assault.
Why Exxon Still Denies Peak Oil
Executives, especially Exxon executives, have thought for some time that they could keep oil prices under control by pretending that Peak Oil is a left-wing myth. Or that it wont happen until were all dead. Most executives (other than Exxons) have stopped that foolishness by now.
Exxon must act to keep an enviable reputation
Whether viewed over the past five years or past 20, Exxon's total shareholder returns have comfortably exceeded the average of its peers: Royal Dutch Shell, BP and Chevron.
But nobody is perfect...
BP refinery deaths top industry in U.S.
Among big oil companies, only Shell and its Houston-based refining companies came close to BP's death toll. Shell Oil Products, predecessor Equilon Enterprises and sister company Motiva Enterprises together recorded 11 deaths -- half the BP total.