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for Royal Dutch Shell
North Sea Revival Likely to Be Temporary
The North Sea is seeing a revival, thanks to lower production costs, new investment, a slight uptick in output, and newfound optimism. But it's unclear if the region's reversal of fortunes will last.
Oil Majors Turn the Corner With First Quarter Profits
Oil majors may not be entirely out of the woods yet, but first-quarter performances suggest that they are on the upswing after nearly three years of mostly red ink.
Oil Majors Look to Smaller, Shorter-Cycle Shale Drilling
Exxon and other oil majors are still giving the green light to a handful of complex and risky but potentially highly profitable projects offshore, while at the same time increasingly shifting more resources into safer, smaller-scale shale drilling.
Oil Majors Take Major Hits in Q4, But Worst May Be Over
Oil majors are now cash flow neutral with oil prices trading around $50 per barrel, a milestone achieved after relentless cuts to spending and payrolls over the past couple of years.
Obama Administration Finalizes Methane Rule, Bans Arctic Drilling
Republicans have pushed back hard against energy and environmental action Obama has taken after the election, and they will likely try to overturn his decisions once he leaves office.
Despite Optimism, Oil Majors Hampered by Refining Margins, Higher Debt
Third quarter earnings figures for the oil majors reveal a mixed picture for the industry: Companies are dealing with more debt, weaker refining margins, and deeper spending cuts, but they are also experiencing increased optimism that the worst might be over.
Why a “Brexit” Could Spell Trouble for the North Sea Oil Industry
For Britain’s oil sector, the possibility of a “Brexit” has not raised alarm bells as of yet, but there could be higher costs for the industry if Britain breaks up with Europe.
Canadian Oil Industry Starting to Shut In Production as Prices Plunge to $15
The outlook appears bleak for Canada’s oil industry, with prices for some crude grades in the country trading for just $15 per barrel. The outlook is so bad that some companies are shutting in production.
Drones Could Become Commonplace in the Oil Industry
Unmanned aerial vehicles, or “drones,” have been used to drop missiles on military targets for years, but they are rapidly expanding into commercial markets, including the oil industry. Drones offer all sorts of applications that the industry can use.
Seattle’s Kayaktivists Reveal Oil Industry’s Ongoing Public Relations Problem
For Arctic drilling, Shell has a narrow window of opportunity during summer months when low levels of sea ice permit industry operations. If protesters are able to sufficiently delay the rig deployment, they could feasibly derail Shell’s entire 2015 operation.