RDS-B

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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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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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. ...
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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. ...
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Shell to Spend Big on Natural Gas

Anglo-Dutch oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) said today that it plans to invest more than $20 billion by 2015 in the company’s Integrated Gas business. The company ...
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Goldman Sachs: Crude Price Needs to Rise to Support New Drilling

In a research note to customers, long-time oil bull Goldman Sachs now says that Brent crude prices will tumble to $105 a barrel by the end of next year and ...
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Shell Seeks to Export U.S. Crude

Anglo-Dutch oil supermajor Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) is seeking permission from the U.S. Department of Commerce to export U.S.-produced crude oil. Under current law, such exports ...
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Petrobras Aims to Sell Gulf of Mexico Assets

The CEO of Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, says the company is "very near to closing a deal" for the sale of some $6 billion worth of assets ...
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