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Tuesday, April 14, 2015

Shell’s Artic Fate To Be Decided Soon

Apr 14th, 2015

by John Donovan.

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Article by Andy Tully published Monday 13 April 2015 by OilPrice.com

The US government has begun its full review of an application by Royal Dutch Shell to resume offshore drilling for oil and gas in the Arctic Ocean off the Alaskan coast.

The US Bureau of Ocean Energy Management (BOEM), an arm of the Interior Department, said April 10that it had satisfactorily finished its initial review of Shell’s application, submitted March 31, to drill in the Chukchi Sea and now could begin its final analysis.

The Anglo-Dutch energy company has a lease on drilling rights in the region and plans to drill an exploratory well there this summer. Besides getting the BOEM’s approval, it must also undergo federal reviews of its plans for worker safety, the protection of indigenous wildlife and plans for the disposal of wastewater.

The TRUTH will set you FREE.

Judge orders Greenpeace away from Shell vessels

Apr 14th, 2015

by John Donovan.

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ARTICLE BY TIM BRADNER PUBLISHED BY ALASKA JOURNAL OF COMMERCE 13 APRIL 2015

The free ride is over for six Greenpeace activists who hitched a ride mid-Pacific on the Shell-chartered Blue Marlin, a heavy-lift ship carrying the semi-submersible rig Polar Pioneer to the Pacific Northwest, its way-stop on the rig’s journey to drill in the Chukchi Sea.

The protesters quit the rig shortly before U.S. District Court Judge Sharon Gleason issued a Temporary Restraining Order late Saturday blocking Greenpeace from interfering with the Blue Marlin, the Polar Pioneer or the drillship Noble Discoverer, also en route to the Northwest.

Posted in: Alaska, Arctic, Beaufort Sea, Chukchi Sea, Environment, Greenpeace,Litigation, Oil, Royal Dutch Shell Plc.
Tagged: Alaska · Arctic Ocean · Beaufort Sea · Gas · Oil · Royal Dutch Shell Plc

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How Will Exxon Mobil Fare After The Shell-BG Deal?

Apr 14th, 2015

by John Donovan.

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SeekingAlpha.com article published 13 April 2015

How Will Exxon Mobil Fare After The Shell-BG Deal?

Summary

It seems as though Exxon Mobil could be the next integrated oil company in line to announce a merger.
According to Credit Suisse, it is possible that Shell, post-merger, could surpass Exxon Mobil as the largest publicly traded producer three years from now.
Exxon’s better position in terms of reserve replacement might be able to placate some investor concerns relating to future growth of the company.
PetroChina was able to marginally leave behind Exxon’s $352.6 billion capitalization, as the former’s capitalization stood at $0.2 billion higher.
I believe that deal or no deal, Exxon is one of the best picks for your portfolio for the long run, mainly because of its project portfolio and bright prospects.

Following the announcement of the Shell (RDS.A, RDS.B)-BG Group (OTCPK:BRGXF, OTCQX:BRGYY) merger, it seems as though Exxon Mobil (NYSE:XOM) could be the next integrated oil company in line to announce a merger. And why shouldn’t it? The company seems to be in a position of financial strength that most of its competitors lack. Moreover, in the current volatile environment, a merger seems to be a better option to expand the company’s production base as opposed to undertaking drilling activities to fuel growth in production, going forward.

Posted in: BG Group, China, Exxon Mobil, Gas.
Tagged: BG Group · ExxonMobil · Gas · Royal Dutch Shell Plc

The TRUTH will set you FREE.

Dutch Court to Rule on Gas Output From Europe’s Biggest Field

Apr 14th, 2015

by John Donovan.

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Article by Isis Almeida published 13April 2015 by Bloomberg.com

The Netherlands, the biggest gas producer in the European Union, said Feb. 9 it would limit output from the field during the first half of the year, sending prices up 13 percent that week. Unrelated to the court case, the government has also said it would decide July 1 on cutting a full-year output cap to 35 billion cubic meters (1.2 trillion cubic feet), 11 percent below a previous target.

“Groningen represents further loss of supply, so if a cut is announced to 35 billion cubic meters, the market will react,” May Mannes, head of gas and liquefied natural gas analysis at Platts’ Eclipse Energy Group, said April 9 by phone from London. “But we see more Norwegian continental shelf gas, LNG supplies and Russian flows stepping up. We don’t expect anything dramatic.”