Energy earnings run dry in Americas

Energy earnings run dry in Americas

May 1st, 2015

by John Donovan. 

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FT: Energy earnings run dry in Americas

By Ed Crooks, Christopher Adams and David Crouch

ExxonMobil andConocoPhillips of the US on Thursday reported that they lost money on oil and gas production in their home country in the first quarter.

Meanwhile, Royal Dutch Shell disclosed a $1.1bn loss at its upstream exploration and production business in the Americas, and suggested that came mostly from its shale oil and gas operations.

FULL FT ARTICLE

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Posted in: Conoco Phillips, Exxon Mobil, Oil, Oil Company Profits, Oil Prices, Royal Dutch Shell Plc, Shale Gas, Shale Oil, Shell, Simon Henry, United States.
Tagged: ConocoPhillips · ExxonMobil · Oil · Royal Dutch Shell Plc · Shell

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PARTIDO NG MANGGAGAWA MAY 1, 2015 RALLY

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Countries all over the world have been crushing or burning their ivory stockpiles

NRDC BioGems Defenders

1 hr · 

Countries all over the world have been crushing or burning their ivory stockpiles to symbolize their commitment to strengthening wildlife trafficking laws and punishments for those (like poachers) who break them. Here in the U.S., we're still waiting. Tell President Obama to take immediate action to shut down the U.S. ivory trade (the second largest in the world) by going to www.nrdc.org/ivory. THANK YOU to all of you who have already taken action -- every voice matters in this fight. -Claire

Congo sends its ivory up in flames, joining a global fight against wildlife trafficking

In the quest to save elephants, ivory stockpiles all around the world are going up in flames.

ONEARTH.ORG

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NO TO "FAST TRACK", NO TO TRADE TREACHERY

Erik Husoe shared Alan Grayson's video to the group: TPP, TTIP & Globalization Watch.

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CORRUPTION IS LEGAL IN AMERICA

This video shows why we need to help

Support the Anti-Corruption Act: get money out of politics

---

Represent.Us Campaign supporter

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You’re Nobody 'til Somebody Kills You: Baltimore, Race and the Problem of History

FRIDAY, 1 MAY 2015 You’re Nobody 'til Somebody Kills You: Baltimore, Race and the Problem of History Yohuru Williams: Freddie Gray may be the harbinger of a much-needed non-violent social revolution that once again privileges human life and democratic values over wanton police brutality dressed up as law and order. READ MORE This Year's May Day Rallies Continue Traditions Peter Dreier: This year, May Day arrives amid a growing protest movement against police abuses in cities around the country.   READ HERE Thugs R' Us Sikivu Hutchinson:Desperately grasping at the reins of power, Negro politicians have always been adept at regurgitating the ruling class’ language in order to deflect from their own record of neglect, disservice or outright dereliction.   READ MORE The Whole World Is Watching Hector Villagra: The ACLU of California is proud to announce the release of Mobile Justice CA, a new smartphone app that allows users to effectively record law enforcement officers. READ MORE Kent State: 45 Years Down Murray Polner: After several trials, a presidential commission, and books galore, no one was ever held responsible despite a final settlement of a meager $674,000 distributed among the thirteen families. READ MORE

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They gave him $20,000 to build a car out of Legos. Here's what he came up with.

Kick off your boots and kick back. It's Friday. Let's chill ... and learn some stuff while we're chillin'. His father was an abuser. Now that Patrick Stewart knows PTSD was a factor, he has a message. They gave him $20,000 to build a car out of Legos. Here's what he came up with. John Oliver digs into the low-cost, child labor hypocrisy in the fashion industry.

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Shell cuts 2015 capex, sees downstream downturn

Shell cuts 2015 capex, sees downstream downturn

Apr 30th, 2015 

by John Donovan. 

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Shell cuts 2015 capex, sees downstream downturn

London (Platts)–30 Apr 2015

* Capex reduced by more than $2 billion
* Decision on Majnoon development pushed back to 2017
* CFO says refining margins already worsening

Shell said Thursday it had reduced its expected 2015 capital expenditure to $33 billion from previous guidance of a little more than $35 billion as the company continues to adjust its business to the lower oil-price environment.

Shell, releasing its first-quarter results, also said it continued to reduce its operating costs and capital spending, with Q1 operating expenditure down by $1.1 billion year on year.

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Posted in: Australia, Ben van Beurden, BG Group, BP, Canada, Gulf of Mexico, Iraq,LNG, Netherlands, Nigeria, Oil, Oil Company Profits, Oil Prices, Pearl GTL Project,Royal Dutch Shell Plc, Simon Henry, Total.
Tagged: Australia · Ben van Beurden · BG Group · BP · Canada · Iraq · Nigeria · Oil ·Royal Dutch Shell Plc · Shell · Total

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Royal Dutch Shell profits slump as oil price slide puts energy giant on back foot ahead of mega-merger with BG

Royal Dutch Shell profits slump as oil price slide puts energy giant on back foot ahead of mega-merger with BG

Apr 30th, 2015 

by John Donovan. 

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Earnings dropped steeply from $7.33billion last year to $3.25billion

Company hopes oil prices will rise to $90 a barrel by 2018 

By MARK SHAPLAND FOR THIS IS MONEY: 30 April 2015

Oil giant Royal Dutch Shell has reported a near 60 per cent slump in first quarter profits after it was hit by the fall in oil and gas prices.

Earnings dropped steeply from $7.33billion ($4.6billion) last year to $3.25billion – though the figure was better than City forecasts of about $2.5billion. 

The price of a barrel of Brent crude has fallen by half since last year after peaking at about $115 a barrel in the summer of 2014.

The company, which earlier this month announced a £55billion agreed offer for UK-based BG Group, said it expects oil prices to rise to $90 a barrel by 2018 – justifying the 50 per cent premium it bid to buy its rival.  

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Posted in: Ben van Beurden, BG Group, Daily Mail, Gas, Nigeria, Oil Company Profits,Oil Prices, Royal Dutch Shell Plc, Shell.
Tagged: Ben van Beurden · BG Group · BP · Gas · Nigeria · Oil Prices · Royal Dutch Shell Plc

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