The Spanish energy giant Repsol has struck oil in Alaska, in what it said was the biggest conventional oil discovery onshore in America in 30 years.
The group said that two wells it had drilled over the winter had identified potential resources of up to 1.2 billion barrels of light oil.
Steve Larratt, Share Research Business analyst joins Tip TV Presenter Zak Mir to discuss whether Angus Energy Plc works programme in the Brockham field was ‘unauthorized’. Steve also presents the outlook for Futura Medical Plc and Anglo Africa.
Share Talk spoke to Bernard Aylward, CEO of Kodal Minerals. We talk about today’s news about the proposed off-take partner agreement with Suay Chin International. We cover what the placing money will be used for in regards to the project at Bougouni Lithium project in Mali.
Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, November 7, 2014. REUTERS/Sergei Karpukhin/File Photo
Oil majors have long been passive watchers of the pump war between OPEC and U.S. shale producers, but not any more.
Majors were unable to grow output for the past decade even as oil prices soared above $100 per barrel due bad capital discipline and huge project delays.
The oil price slump since 2014 has prompted the world’s biggest oil firms to drastically cut costs but also to force contractors to make projects more efficient and extract the same amount of barrels for fewer dollars.
Rolls received 428 questions and concerns from employees and stakeholders to its confidential reporting ethics helpline last year
CHRIS RATCLIFFE/GETTY IMAGES
Dismissed employees at Rolls-Royce have had shares and other incentives clawed back after the aerospace engineer’s bribery and corruption inquiry.
Senior executives have not had their pay packages cut, however, despite Rolls-Royce reaching a £671 million settlement with investigators in January, because the judge ruling on the scandal was satisfied that the existing leadership was not culpable.
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.
As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil’s Petrobras and Malaysia’s Petronas. How they’re run varies wildly—as does where their wealth goes.