Oil – Shale oil has been North America's great experiment, says Oil & Gas Investments Bulletin Editor Keith Schaefer. But in this interview with The Energy Report, he questions the experiment's success and predicts steep declines ahead, with just a few formations left to supply the market. The question is what shale play will last the longest? Read on to find out how—and when—to get positioned for the end of the shale revolution.
Oil – Bloomberg reported that major oil companies, Royal Dutch Shell Plc, BP Plc, Exxon Mobile Corp., and Total SA all reported lower quarterly profit as crude trades close to a 9-month low and spending costs rise.
Oil – Bloomberg reported that Royal Dutch Shell Plc’s Mutiu Sunmono said Nigeria needs a balanced law for the oil industry which could benefit its government and investors.
Oil – Bloomberg reported that the Royal Dutch Shell Plc’s oil production in Brazil dropped 35% in December at 48,499 barrels per day, compared to the previous year.
Oil – Bloomberg reported that the United States Interior Department will review the oil and gas exploration in the Arctic waters in Alaska, a move that was prompted by the mishaps that took place in the Royal Dutch Shell Plc (LON:RDSA) drilling rig recently.
Oil – Bloomberg reported that Royal Dutch Shell plc (LSE:RDSA) and Repsol SA (OTC Pink:REPYY) both made winning bids at Colombia's latest auction of oil and gas exploration blocks.
Oil – Platts reported that a legal case brought against Royal Dutch Shell plc's (LSE:RDSA) Nigerian unit by Friends of the Earth Netherlands and four Nigerian plaintiffs is kicking off in a Dutch court today. The groups have accused Shell and some of its holdings companies of not cleaning up pollution caused by three leaks that occurred from 2004 to 2007.
Oil – Royal Dutch Shell plc (NYSE:RDS.A) announced an update on its offshore Alaska oil and gas drilling program, commenting that it has a variety of oil spill response equipment in position. However, the containment dome on one of its barges was damaged during testing and now needs to be repaired; as a result the company has decided not to drill into hydrocarbon zones this year.
Oil – Reuters reported that the Environmental Protection Agency may provide Royal Dutch Shell plc (NYSE:RDS.A) with a temporary air permit to drill offshore Alaska as early as this weekend.
Gas – Two more significant discoveries have reaffirmed the potential of offshore East Africa gas prospects, and have lured in the biggest name in LNG.
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