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Stock Market & Financial Investment News

News For RDS.A;PAG From The Last 14 Days
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July 1, 2015
18:20 EDTRDS.AShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
June 30, 2015
06:18 EDTRDS.AShell may start Arctic oil exploration near Alaska in July, Reuters reports
Royal Dutch Shell may start drilling for oil in the Arctic off Alaska as early as the third week of July, when it anticipates the ice to start clearing, Reuters reports, citing a company spokesman. The Polar Pioneer drilling rig arrived in Dutch Harbor, in Unalaska, off mainland Alaska, early this past weekend and will stay there until the ice begins clearing over the area, the report says. Reference Link
June 29, 2015
05:55 EDTRDS.AShell bids to develop Goldeneye carbon capture project, Financial Times reports
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June 24, 2015
18:16 EDTRDS.AGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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13:43 EDTRDS.AShell executives discuss investing in Iran's energy industry, FT reports
Royal Dutch Shell executives have met with officials in Tehran to discuss an investment in the country's energy sector, The Financial Times reports. According to the report, Shell officials discussed outstanding debt owed to the National Iranian Oil Company for crude that was lifted but not paid for, as well as potential areas for cooperation "should sanctions be lifted." Reference Link
10:00 EDTRDS.AOn The Fly: Analyst Upgrade Summary
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07:19 EDTRDS.AU.K. panel to decide on first fracking in area since 2011, WSJ reports
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05:30 EDTRDS.ARoyal Dutch Shell upgraded to Buy from Hold at Deutsche Bank
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