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PR Newswire (Mar 31, 2014)
PR Newswire (Mar 28, 2014)
PR Newswire (Mar 27, 2014)
PR Newswire (Mar 19, 2014)
at MarketWatch.com (Mar 10, 2014)
at MarketWatch.com (Feb 18, 2014)
at MarketWatch.com (Feb 18, 2014)
at MarketWatch.com (Feb 17, 2014)
at MarketWatch.com (Feb 11, 2014)
at MarketWatch.com (Jan 30, 2014)
at MarketWatch.com (Jan 30, 2014)
RDS.B vs. ETF Alternatives
Royal Dutch Shell PLC is an integrated oil & gas company. The Company explores for & extracts crude oil & natural gas, refines, supplies, trades & ships crude oil & manufactures a range of petrochemicals for industrial customers.
Thursday, Apr 1710:50 AM
Thursday, Apr 1710:50 AM| 1 Comment
- Royal Dutch Shell (RDS.A, RDS.B) says its plan to build a huge new petrochemical plant in western Pennsylvania is making progress, but there’s still no guarantee the project actually will be constructed.
- Shell has an option to purchase a 300-acre industrial site on the Ohio River, and demolition of a zinc factory there has begun, but a Shell exec says that doesn’t necessarily mean the ethane cracker plant will be built; in other states, such as Colorado, Shell invested tens of millions of dollars in proposed projects before deciding to shut them down.
- Shell says it has signed long-term contracts with ~10 energy companies to supply the proposed plant which would convert ethane from Marcellus and Utica shale oil and gas into more profitable chemicals.
Thursday, Apr 179:43 AM
Thursday, Apr 179:43 AM| Comment!
- Royal Dutch Shell (RDS.A, RDS.B) announces an exploration discovery offshore Malaysia and sees potential for further exploration in the area.
- The successful Rosmari-1 well, located 135 km offshore in Block SK318, was drilled to a total depth of 2,123 meters and encountered more than 450 meters of gas column.
- Shell says it plans further exploration, as the finding is a positive indicator of the gas potential in an area of strategic interest.
Wednesday, Apr 1610:48 AM
Wednesday, Apr 1610:48 AM| 5 Comments
- Alberta looks likely to implement energy efficiency measures when it revamps its climate-change policy to win support for its oil sector, an about-face on the former premier’s vow that the province wouldn’t enact new rules until the U.S. did.
- The province plans to have new regulations on emissions in the near future and may include a higher carbon price, Alberta's environment minister says.
- The struggle by Alberta’s oil producers for access to new markets, as reflected in U.S. delays in approving the Keystone XL (TRP) pipeline, comes amid opposition to oil sands bitumen because of its higher carbon intensity and concerns around air and water pollution.
- Relevant companies include ECA, ENB, EEP, STO, XOM, IMO, SU, CVE, PGH, BP, CNQ, BTE, DVN, IVAN, AAV, RDS.A, RDS.B, PTR, ATHOF
Saturday, Apr 128:25 AM
Saturday, Apr 128:25 AM| 111 Comments
- Ohio geologists for the first time have linked earthquake activity in the Marcellus Shale to fracking, a new connection that could have implications for oil and gas drilling in the state and beyond.
- As a result, Ohio is setting new permitting conditions in quake-sensitive areas and has halted drilling indefinitely at the site of five quakes last month in the Youngstown area.
- Earthquakes recently rattled residents in Oklahoma, putting that state on track for record quake activity this year, which some seismologists say may be tied to oil and gas exploration.
- Among companies drilling in the Marcellus and Utica shales: RRC, CHK, COG, ACMP, APC, ATLS, CVX, CNX, DTE, EOG, EQT, XCO, XOM, MWE, NBL, RGP, REXX, RICE, RDS.A, RDS.B,SWN, STO, SXL, TLM, WMB, WPX.
Friday, Apr 118:53 AM
Friday, Apr 118:53 AM| Comment!
- Total (TOT) believes the giant Kashagan oil field in Kazakhstan will not yield much output this year, even if it resumes production at all, after a gas leak forced the company and its partners to stop production last October.
- The companies are waiting for results of analyses and ultrasound probes on the leaking pipeline to identify the problem and find ways to fix it; the area is still under a layer of ice, adding to the difficulty of the probe and any potential fix.
- The partners - which also include Exxon (XOM), Shell (RDS.A, RDS.B) and Eni (E) - are eager to resume output to recoup some of their combined $50B investment.
Friday, Apr 117:53 AM
Friday, Apr 117:53 AM| Comment!
- Royal Dutch Shell (RDS.A, RDS.B) is postponing an innovative project to provide subsea compression for a major Norwegian gas field without the need for a platform, dealing a setback for a technology that may have revolutionized offshore production.
- The Ormen Lange field, which produces the equivalent of 20% of Britain's gas needs, eventually will lose its natural pressure, and subsea compression was seen as a cheaper alternative to building a platform.
Monday, Apr 75:57 PM
Monday, Apr 75:57 PM| 2 Comments
- Production at Kazakhstan's giant Kashagan oilfield may fail to restart this year if test results expected next month show cracks in the offshore part of its pipeline network, Kazakh Oil and Gas Minister Uzakbai Karabalin says in the latest warning of the status of the nearly $50B project.
- "Suspicions have emerged" that there may be microcracks in the offshore stretch of the pipeline, the minister says, but if cracks are found only onshore. then output probably could resume this year.
- Exxon (XOM), Shell (RDS.A, RDS.B), Total (TOT), Eni (E) and state oil company KazMunaiGas each hold 16.81% stakes in Kashagan.
Monday, Apr 712:47 PM
Monday, Apr 712:47 PM| Comment!
- Royal Dutch Shell (RDS.A, RDS.B) says it exported its first shipment of crude from Iraq’s Majnoon field after surpassing its initial commercial production target.
- The milestone comes just eight months after Majnoon production was restarted following major overhauls, including clearing war munitions, upgrading safety standards and building a greenfield central processing plant that will allow increased capacity; in that time, Shell has drilled 18 wells.
- Shell says Majnoon is now producing 210K bbl/day.
Monday, Apr 711:55 AM
Monday, Apr 711:55 AM| Comment!
- Royal Dutch Shell's ([[RDS/A]], RDS.B) $13B Prelude floating liquefied natural gas project off Australia will provide significant local benefits to Western Australia and the country as a whole, according to asset manager Jim Marshall.
- Over the projected 25-year field life, Prelude FLNG will provide $45B to Australia's GDP, $12B in tax revenue, a $12B contribution in terms of goods and services, and a further $18B to balance of payments, Marshall says.
- The 3.6M metric tons/year FLNG project is expected to come onstream in 2017.
Friday, Apr 412:26 PM
Friday, Apr 412:26 PM| 1 Comment
- Exxon (XOM), Chevron (CVX), Shell (RDS.A, RDS.B) and other Caspian Pipeline Consortium shareholders will meet this month to review the timing of a planned expansion as BG Group (BRGYY, BRGXF) expects it to be delayed into 2016.
- The partners, which also include Rosneft (RNFTF), Lukoil (LUKOY) and the Russian and Kazakh governments, plan to double capacity to 1.4M bbl/day; the consortium had said the link, which runs from northwest Kazakhstan to the Black Sea, would reach full capacity this year.
Friday, Apr 48:23 AM
Friday, Apr 48:23 AM| 3 Comments
- Royal Dutch Shell (RDS.A, RDS.B) acted partly out of desire to save a buck when it decided to move its Kulluk drilling rig to Seattle for repairs because it might have been subject to millions of dollars in Alaska property taxes had it remained in Alaska waters beyond Jan. 1, 2013, according to a Coast Guard report released yesterday.
- The rig later broke free from a tow boat and ran aground on an Alaskan island.
- Shell hasn’t resumed work in Alaska waters, and said in January that it didn’t plan to return to the Arctic this year.
Thursday, Apr 32:57 PM
Thursday, Apr 32:57 PM| 2 Comments
- Production at the giant Kashagan oil field in Kazakhstan is unlikely to restart this summer, as the companies involved in the consortium running the project are still awaiting a report on a gas leak that closed the field last October, WSJ reports.
- Resuming output is important, so the companies - which include Exxon (XOM), Shell (RDS.A, RDS.B), Total (TOT) and Eni (E) - can start generating revenue to recoup some of the $50B they have spent on Kashagan over the last 17 years.
- It may be even more critical for the Kazakh government, which had based its economic forecasts on revenue from Kashagan, where output was expected to ramp up to 370K bbl/day from 180K bbl/day initially.
Wednesday, Apr 210:55 AM
Wednesday, Apr 210:55 AM| 13 Comments
- WSJ profiles plans by an increasing number of natural gas producers to pack entire gas production plants onto superships bigger than aircraft carriers instead of building expensive land-based industrial complexes.
- The new fleet of FLNGs demonstrates how the global race to provide cheaper gas supplies to Asian economies is pushing the boundaries of technology in the oil and gas sector.
- The world's first FLNG vessel likely be the joint gas project off the coast of Colombia from Pacific Rubliales (PEGFF) and Excelerate Energy, set to start in Q1 2015.
- The most talked-about project at last week's annual Gastech conference in Seoul was the 1,600-ft. long Prelude FLNG project led by Shell (RDS.A, RDS.B); expected to be the largest floating structure ever built, production capacity is seen at 3.6M metric tons/year of LNG.
- ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, BNO, KOLD, UNL, NAGS, DCNG
Wednesday, Apr 210:36 AM
Wednesday, Apr 210:36 AM| 2 Comments
- Royal Dutch Shell's (RDS.A, RDS.B) plan to sell much of its onshore Nigerian production has been met with skepticism - with oil stealing rife in the Niger delta, who would buy? - but FT reports Shell has received more than 100 serious bids for its 30% stake in five blocks valued at $3B-$5B.
- A clean exit from the delta woes would be an early win for new CEO Ben van Beurden, whose ascent was aided by the massive oil theft that contributed to January's profit warning.
Tuesday, Apr 12:37 PM
Tuesday, Apr 12:37 PM| 5 Comments
- Royal Dutch Shell (RDS.A, RDS.B) says it will use more Chinese equipment at its struggling U.S. shale business, becoming the latest natural resources company to try to reduce costs by switching to cheaper Asian suppliers.
- Shell's shift to lower-cost Chinese manufacturers underscores the potential threat to western industrial equipment makers such as Caterpillar (CAT) and Joy Global (JOY) from their competitors in emerging markets.
Monday, Mar 3111:59 AM
Monday, Mar 3111:59 AM| 13 Comments
- Four global energy majors, 10 man-made islands and nearly $50B have added up to zero barrels of current oil production, as WSJ profiles the landmark Kashagan "elephant” project gone awry.
- It’s a story of sky-high investment at a time of record-high oil prices that is generating very little in return, as well as the sort of uncapped spending that has characterized the push into new frontiers is now being reined in.
- The project - co-developed by Eni (E), Total (TOT), Exxon (XOM) and Shell (RDS.A, RDS.B) - has been plagued by budget blowouts, engineering missteps and management disputes, and miles of leaky pipeline make up what is arguably the world's most expensive plumbing problem.
- If the era of big spending is to continue - if the push into the Arctic or deep-offshore Brazil or uncharted territories like Mozambique and Myanmar is going to succeed - then the price of crude may have to move higher.
- View all 1 replies
andalcie:: Had not thought of Shorting $RDSA. Looking at chart Vertical Puts Spread may pay out near term. Long term, Energy Sector profitable for all