Obama’s approval of Arctic drilling ‘undermines his climate message’
US president’s call for action on climate change is at odds with letting Shell drill for oil in the Arctic, says Bill McKibben
The TRUTH will set you FREE.
Tuesday, September 1, 2015
Exclusive : BG puts Thai gas field stake worth $1.2 billion on sale – sources
Exclusive : BG puts Thai gas field stake worth $1.2 billion on sale – sources
BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake valued at around $1.2 billion in Thailand’s huge Bongkot offshore gas field, people familiar with the matter said.
The move represents the first major asset sale planned by BG since Shell agreed to buy the British company in April. The sale process required a green light from Shell, the people said.
BG has been exiting some of its Asian assets and last year sold its Australian gas pipeline business for $5 billion. Some bankers said its decision to sell the Thai gas field points to Shell’s desire to stay focused on its core assets.
The TRUTH will set you FREE.
Exxon Mobil Corporation, Chevron Corporation, BP And Royal Dutch Shell Face Challenging Dividend Environment
Exxon Mobil Corporation, Chevron Corporation, BP And Royal Dutch Shell Face Challenging Dividend Environment
Bidness Etc sheds light on the challenges for companies like Exxon, Chevron, BP, Royal Dutch Shell, and Total SA in sustaining dividend payouts amidst depressed crude oil prices
By: MICHEAL KAUFMAN: Sep 1, 2015
Crude prices have dropped more than 50% since the highs of June last year, following weak Chinese demand and a global supply glut. Oil companies are already feeling the heat and it will be a challenge for them to maintain dividends in the current scenario.
What is more, the past week saw further deterioration in the market, and the West Texas Intermediate (WTI) plunged into the high 30s following the devaluation of the Chinese yuan. Monday, August 24 saw a global market sell-off and almost all major indexes declined.
The TRUTH will set you FREE.
Shell Arctic Drilling Plans
Shell Arctic Drilling Plans
By: MICHEAL KAUFMAN: Sep 1, 2015
Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) drilling operations in the Arctic had been temporarily halted due to adverse weather conditions in the region. The company has now resumed part of its operations and has also indicated that drilling plans will continue in full swing once the company completes a comprehensive system check on its operations.
This is the first time since 2012 when Shell will resume operations in the Arctic. Shell halted drilling in the region when its Kulluk rig went aground. At that time, the company was blamed for not fully assessing the situation and failing to evaluate the risks associated with drilling in the Arctic region.
The TRUTH will set you FREE.
Obama on Climate Change: Act Now or Condemn World to a Nightmare
Obama on Climate Change: Act Now or Condemn World to a Nightmare
In a forceful address, Obama opened the “GLACIER” conference in Anchorage, Alaska, by declaring: “We are not moving fast enough. None of the nations represented here are moving fast enough.”
Just weeks ago, Obama gave final approval to Shell Oil’s drilling in the Alaskan Arctic for the first time in 20 years — a move that raised the hackles of environmentalists, who accused his administration of hypocrisy.
The TRUTH will set you FREE.
Shell Resumes Operations After Storm Force Arctic Stop
Shell Resumes Operations After Storm Force Arctic Stop
ANCHORAGE, Alaska — Aug 31, 2015, 10:31 PM ET
Royal Dutch Shell PLC has resumed operations after high winds and rough seas north of Alaska’s northern coast put a temporary stop to exploratory drilling in the Arctic Ocean.
But Shell spokesman Curtis Smith says in a Monday email to The Associated Press that full operations, including drilling, will start again once a systems check is complete and the company is satisfied it’s safe to start drilling again.
He says there’s no timeline for that to be completed.
The TRUTH will set you FREE.
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