Posts Tagged 'BP'
investors CHRONICLE: Shell's LNG bet looks sound despite glut
When Royal Dutch Shell (RDSB) launched its £35.6bn bid for BG Group, it was easy to appreciate the strategic rationale. At a stroke, the Anglo-Dutch energy giant not only bolstered its reserves, but also shored-up its position in a global liquefied natural gas (LNG) market which had grown rapidly since the turn of the millennium.
Shell wasn't alone in increasing its exposure to the sector, but investors may now be questioning whether long-term prospects in gas markets warrant the massive capital allocation. A supply glut, most noticeably in the US Permian basin, weighed on gas prices last year, and there are few signs of respite as new fields in Australia and Russia come online. read more
BP and Shell employees in Iraq could be targeted By Tehran's sympathisers
The Sunday Times: 5 Jan 2020
Shanti Das
British nationals have been warned against travelling to Iran or Iraq, and urged to be extra vigilant in other Middle Eastern nations.
The Foreign and Commonwealth Office hardened its guidance yesterday, warning that the situation could "deteriorate quickly".
Several big British companies have a presence in Irak, including the oil giants BP and Shell and the security group G4S, and could be targeted by Tehran's sympathisers who have publicly declared their intention to avenge America's killing of Qassem Soleimani. read more
THE GUARDIAN: Royal Dutch Shell may fail to reach green energy targets
Jillian Ambrose and Jasper Jolly : Fri 3 Jan 2020 06.00 GMT
Royal Dutch Shell is at risk of falling short on plans to invest up to $6bn (£4.6bn) in green energy projects between 2016 and the end of 2020, with its slow progress likely to raise concern that oil companies are not moving fast enough to help tackle the climate crisis.
Greta leads the way
Climate change captured the public's attention in 2019. This was the year when global emissions were set to reach their highest point ever at 43bn tonnes of carbon dioxide and 16-year-old Greta Thunberg gave world leaders both barrels at the UN. But it will take more than that to shift the priorities of the world's major emitters. Royal Dutch Shell (RDSA) and BP (BP.) and others are still green-lighting new projects that will reportedly hinder the planet from hitting the Paris climate goals of keeping warming to between 1.5 and 2 degrees. read more