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Second Quarter 2012 Results and Interim Dividend Announcement

Dec 10, 2016

Royal Dutch Shell Chief Executive Officer Peter Voser commented: “We are moving forward in volatile times. Our profits have fallen with energy prices, but our growth strategy is delivering to the bottom line. Shell’s second ...

Tags: Royal Dutch Shell, 2012 Results

Third Quarter 2012 Results and Interim Dividend Announcement

Dec 9, 2016

Royal Dutch Shell Chief Executive Officer Peter Voser commented: “Shell is driving a long-term and consistent strategy, against a backdrop of volatile energy markets. Our profits pay for substantial investments in new energy ...

Tags: Shell, strategy, oil and gas

New Shell CEO Ben Van Beurden Sets Agenda for Sharper Performance and Rigorous Capital Discipline

Dec 8, 2016

Van Beurden, who became the new CEO of Royal Dutch Shell plc (“Shell”) on 1 January 2014, said Shell’s strategy overall is sound. The company has a high quality portfolio and key strengths in technology and project ...

Tags: Shell, technology, project delivery

ExxonMobil Earns $1.7 Billion in Second Quarter of 2016

Sep 28, 2016

Cash flow reflects durability of the integrated portfolio amid continued industry volatility Strong Chemical results highlight sustainable competitive advantages Advancing attractive new investment opportunities across the value ...

Tags: second quarter 2016, results

ExxonMobil to Acquire InterOil in Transaction Worth More Than $2.5 Billion

Sep 28, 2016

ExxonMobil to pay $45 per share plus additional cash payment based on Elk-Antelope resource size Boards of directors of both companies unanimously approve terms of agreement Acquisition adds to ExxonMobil resources in successful ...

Tags: ExxonMobil, InterOil, transaction

Firms Flock to FixedFlex to Get The Best Energy Deal

Sep 28, 2016

Since its launch a month ago, Utilitywise’s FixedFlex contract has taken off, with 700 businesses signing up for it so far. Energy is a major overhead for many companies, especially in manufacturing, but it’s always been ...

Tags: Utilitywise, FixedFlex contract

Oil Prices to Remain Low Well Into 2016

Dec 29, 2015

Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...

Tags: Oil Prices, Crude Oil

MISO's Expected Cost to Comply with US CPP Varies Widely by Strategy

Dec 18, 2015

The 20-year cost of the Midcontinent Independent System Operator's compliance with the US Clean Power Plan could be as little as $5.8 billion to as much as $104 billion in today's dollars, depending on which strategies are pursued, ...

Tags: Clean Power, natural gas

US Fuel Oil Hi-Lo Below $1/B on Mild Northeast Temperatures

Dec 18, 2015

The US fuel oil hi-lo, the spread between US Atlantic Coast 1%S fuel oil and US Gulf Coast 3%S fuel oil, fell below $1/b Thursday for the first time since October on an expected lack of demand for power generation. Platts assessed USAC ...

Tags: Fuel Oil, gas

More Test Drilling Required to Assess Potential of UK Shale Industry: Study

Dec 16, 2015

The UK needs to allow more shale gas exploration wells nation-wide before a reliable picture of the effect of a shale industry on the country can be properly formulated, the Task Force on Shale Gas said late Monday. The Task Force on ...

Tags: shale gas, natural gas

NYMEX January Gas Futures Settle 6.8 Cents Lower at $1.826/Mmbtu

Dec 16, 2015

The NYMEX January natural gas futures contract continued its downward slide Tuesday, dropping 6.8 cents to settle at $1.826/MMBtu as warm weather forecasts continue to put significant pressure on the contract. The National Weather ...

Tags: Gas, temperatures

Gas Natural Fenosa Aims to Double Chile Gas Clients in 10 Years

Dec 16, 2015

Gas Natural Fenosa plans to invest $1.1 billion over the next decade to double its number of clients at Chilean subsidiary Metrogas to 1.5 million, from around 700,000 currently, CEO Rafael Villaseca said Tuesday. During the first five ...

Tags: Fenosa, gas, LPG

North American Coal Industry Faces More Declines in 2016: Moody's

Dec 15, 2015

The North American coal industry remains negatively positioned for 2016 with thermal coal facing a slow, long-term decline and metallurgical coal prices unlikely to recover within the next 12 months, a Moody's Investors Service note said ...

Tags: Coal Industry, thermal coal, metallurgical coal

Atlantic Met Coal: US Takes Aim on Benchmark HCC Reference

Dec 15, 2015

Atlantic metallurgical coal buyers and miners Friday were positive on the reported $81/mt hard coking coal benchmark, with new spot US offers looking to match or exceed this reference. Some buyers were bracing for a settlement closer to ...

Tags: Atlantic Met Coal, hard coking coal, coke

New York Locational Marginal Power Prices in November Lowest Since 1999

Dec 15, 2015

Locational marginal prices for November in New York were the lowest since the New York Independent System Operator began managing the transmission grid in 1999, Rana Mukerji, senior vice president of market structures, said Wednesday during ...

Tags: natural gas, Power Prices

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