RDS-B

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 ...
Read Full Story »
oil rig

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, ...
Read Full Story »
118894483

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. ...
Read Full Story »
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. ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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, ...
Read Full Story »
AOL logo

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 ...
Read Full Story »
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: ...
Read Full Story »
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 ...
Read Full Story »
118894483

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 ...
Read Full Story »
Facebook-F-logo

Media Digest (1/16/2013) Reuters, WSJ, NYT, FT, Bloomberg

The World Bank cuts its outlook for 2013. (Reuters) Facebook Inc. (NASDAQ: FB) releases a search feature to be used among members, and Wall St. is unimpressed, sending shares down. ...
Read Full Story »
oil sands

Nexen, Progress Energy Sales Approved, Canada Draws a Line in the Sands

After markets closed on Friday, Canadian Prime Minister Stephen Harper announced that the government had approved both the $15.1 billion sale of Nexen Inc. (NYSE: NXY) to China’s Cnooc Ltd. ...
Read Full Story »