Shell/BG will not be the harbinger of more LNG M&A The recent proposed $70 billion purchase of BG Group (ticker: BG) by Royal Dutch Shell (ticker: RDSA) will make the industry’s liquefied natural gas giant even bigger. Shell already had liquefaction capacity of 26 million tons per annum (mtpa) at year-end 2014, according to a report from Pavel Molchanov at
In this final installment, former Shell Oil Company President John Hofmeister talks about the false notion of energy independence, the need for two-way oil and gas trading, the Jones Act, removing barriers to the movement of energy, and the Keystone XL pipeline View PDF of Slides – Download Video File John D. Hofmeister is a seasoned business leader with strong views about U.S.
Former Shell Chief John Hofmeister talks about Saudi Arabia’s Impact on World Oil Prices and the Weakening of OPEC in Part II of this interview for TOP MINDS IN THE BUSINESS John D. Hofmeister is a seasoned business leader with strong views about U.S. energy policy and a deep understanding of the global energy supply-demand equation. John’s knowledge comes from
Chevron signed a production sharing contract in its 2.6 million acre A5 block offshore Myanmar Chevron Corp. (ticker: CVX) has signed a production sharing contract (PSC) with Myanma Oil & Gas Enterprise (MOGE) to explore oil and gas in the Rakhine Basin. CVX subsidiary Unocal Myanmar Offshore Co. Ltd. was granted exploration rights to the block, Block A5, in March
The oil major withdrew an application for its Pierre River Mine, may reapply ‘when the time is right’ Royal Dutch Shell (ticker: RDSA) withdrew its regulatory application today for the proposed Pierre River Mine north of Fort McMurray, Alberta. The company said it made this decision in order to focus its attention on its existing oil sands operations. The project
Chevron (ticker: CVX) has terminated its contract with Ukraine to extract shale gas in the western part of the country. The world’s third largest oil company by market cap spent more than a year to get the government to simplify taxation for development, reports local media. “We have just terminated that PSA (production sharing agreement),” said Peter Clark, Chevron’s country
In August, James Baker of Simmons & Company said Royal Dutch Shell’s (ticker: RDS.B) public offering of its midstream segment would be a “sea change event.” It did not disappoint. Bloomberg reports it was the best trading debut by an energy company in 2014. Shell Midstream Partners, L.P., trading on the New York Stock Exchange under the ticker SHLX, debuted
