RDS-B

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$100 Billion Cut From Global Energy Projects

The collapse of crude oil prices that started last Fall and continued through the first half of March this year has forced many U.S. producers to delay new drilling or ...
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Oil drilling rig

Did Rosetta Get Enough From Noble Energy?

In what may be the first of many similar transactions, independent exploration and production (E&P) company Rosetta Resources Inc. (NASDAQ: ROSE) on Monday said it is being acquired by Noble ...
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BP

What to Look for in BP Earnings

U.K. oil supermajor BP PLC (NYSE: BP) is scheduled to report first-quarter earnings before U.K. markets open on Tuesday morning, and in the middle of the night here in the ...
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Shell-BG Deal Could Validate Petrobras Value, Sort Of

Since March 13, the value of Petroleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, has jumped more than 46%. The last 8% of that gain was posted Thursday morning, ...
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Another Reason the BG Acquisition Is a Bargain for Shell

Even though there appear to be plenty of critics of the proposed $70 billion acquisition of BG Group by Royal Dutch Shell PLC (NYSE: RDS-B), we are not among them. ...
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Shell sign at dusk

Why $70 Billion for BG Is Cheap

Oil supermajor Royal Dutch Shell PLC (NYSE: RDS-B) announced Wednesday morning that it has agreed to acquire Britain’s BG Group in a cash and stock deal worth nearly $70 billion. ...
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Offshore drill rig

New Shell CEO: Why the Company Picked a Downstream Guy

When supermajor oil companies like Royal Dutch Shell PLC (NYSE: RDS-A) pick a new chief executive officer, the new appointment virtually always comes from the upstream exploration and production side ...
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Gasoline pump

Royal Dutch Shell Gets New CEO

For once, a huge company has changed CEOs on schedule, without scandal or the trigger of poor financial performance. Royal Dutch Shell PLC (NYSE: RDS-B) appointed its refining boss as ...
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gas sign

Crude Oil, Gasoline Prices Set Up for Sharp Drop

Since early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of ...
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Biofuel Cans

Brazil Slashes Ethanol Tax

Brazil is the world’s largest producer of ethanol, which the country’s producers make from sugar cane stalks. The bad news is that lower petroleum prices have cut demand for ethanol ...
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Offshore drill rig

North Sea Crude Oil Pipeline Shut Down

The Brent pipeline system has been shut down for the second time this year, following the discovery of a leak at one of its platforms. The platform, called Cormorant Alpha, ...
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Media Digest (2/28/2013) Reuters, WSJ, NYT, FT, Bloomberg

India increases government spending and raises taxes on the wealthy as a means to improve growth. (Reuters) Groupon Inc. (NASDAQ: GRPN) shares are pounded after a poor forecast. (Reuters) Apple ...
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Offshore drill rig

Shell Rethinking North Sea Project

Late yesterday, Royal Dutch Shell PLC (NYSE: RDS-A) said that it plans to “reassess the development plan” for its joint venture with the U.K. division of Exxon Mobil Corp. (NYSE: ...
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Oil pumpjack

Big Oil Looking Weak on Rising Costs, Weak Prices

Two of the world’s largest oil amd gas companies have reported earnings in the past 12 hours or so, and two more will report before markets open tomorrow morning. Royal ...
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Demand for LNG to Outstrip Supply in 2013

Spot market prices for liquefied natural gas (LNG) have reached $18 per million BTUs and could go higher this year as supplies of the fuel appear to be softer than ...
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