BP and Shell suspected manipulation of oil prices
Extracts from an article by Alex Lawler published on 6 March 2014 by Reuters
BP says U.S., Asia regulators ask for details after EU price probe
(Reuters) – BP Plc said regulators from the United States and Asia have asked it for information after the European Commission’s started an investigation last year into suspected manipulation of oil prices. London-based BP, Europe’s second-largest oil company, made the disclosure in its annual report released on Thursday.Last May, European authorities raided offices of BP, and Royal Dutch Shell and Statoil in an investigation of suspected price manipulation. “Related inquiries and requests for information have also been received from U.S. and other regulators following the European Commission’s actions,” BP said in its 2013 annual report, published on its website.
Shell, Quicksilver Reap $180M In Colo. Shale Acreage Sale
Extract from an article by Benjamin Horney published on 5 March 2014 by Law360.com
Law360, New York (March 05, 2014, 4:15 PM ET) — A unit of Southwestern Energy Co. will pay $180 million to buy out assets in Colorado’s Sand Wash Basin held by a Royal Dutch Shell PLC subsidiary and Quicksilver Resources Inc., the companies said Wednesday, in a deal intended to boost Southwestern Energy’s natural gas resources….
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Shell/Exxon Mobil puts Ukraine gas prospect on hold
Extract from an article by Jim Landers published on 5 March 2014 by The Dallas Morning News
Exxon Mobil and Royal Dutch Shell are heading a group selected in 2012 to explore for gas off Ukraine’s western Black Sea coast in an area called Skifska. Negotiations on a production-sharing agreement with the Ukrainian government were underway in the weeks before street battles with government opponents led the country’s president to flee to Russia.
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RELATEDU.S. Hopes Boom in Natural Gas Can Curb Putin
Extracts from article b
At the helm of the new energy diplomacy effort is Carlos Pascual, a former American ambassador to Ukraine, who leads the State Department’s Bureau of Energy Resources. In an interview, Mr. Pascual asserted that his team’s efforts had already weakened Mr. Putin’s hand, and had helped lower Ukraine’s dependence on Russia for natural gas supplies to 60 percent, down from 90 percent. In addition, he said, the team is helping countries develop their own natural gas resources, including in partnership with American energy giants. Halliburton has started fracking for natural gas in Poland, while Shell last year signed a contract to explore for natural gas in Ukraine.
Scottish independence: Shell boss wants Scotland to ‘remain in UK’
Extract from an article published on 5 March 2014 by BBC News
Last week, Shell hosted the UK cabinet at its headquarters in Aberdeen. At the time, the chairman of Shell UK, Ed Daniels, said the independence debate was “a matter for Scottish people” and that “it would be wrong” for Shell to intervene.
Shell warns Scotland over independence
Extracts from an article by Andrew Critchlow and James Quinn, published on 5 March 2014 at 10.14PM by The Telegraph
Ben van Beurden, chief executive of the Anglo-Dutch oil giant, said: “We’d like to see Scotland remain part of the United Kingdom. “Shell has a long history of involvement in the North Sea – and therefore in Scotland – and we have continued to invest heavily there.” In a speech to a reception in London on Wednesday night , Mr Van Burden said that one of the many things his company values about the UK “is the continuity and stability it offers”.
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