Something of a “Shell feel” to the blog today. Three stories all about the oil major. First up a story from Davos.
Jeroen van der Veer, chief executive of Shell has warned that demand for oil and gas will outstrip supply within seven years, because conventional supplies will fail to keep pace with population growth and […]

The world is slowly going mad: we have the Premier of Alberta saying that the ecological downsides of extracting oil sands is a “myth”, yet we all know that oil sands development is the most ecologically destructive process ever invented by the oil industry (see below).
We also have the US government saying that the oil […]

All the signs have been there for a while, but now the head economist of the International Energy Agency, Fatih Birol has succinctly articulated the growing crisis for the oil majors. They are doomed to become “niche players” in the oil sector, he predicts.
“Western oil companies are going through an identity crisis,” argues Birol. “Enormous […]

Nigeria is to invest $75 billion over the next five years in the oil and gas sector through joint venture partnership with oil companies and third party investment.
Minister of State for Petroleum, Odein Ajumogobia made this known in Saudi Arabia after the OPEC Ministerial Symposium.

As Exxon bemoans that it can’t find enough oil, Saudi Arabia is crowing how much of it there is about. Saudi Aramco President Abdullah S. Jum’ah told the World Energy Congress that liquid energy resources are far bigger than expected, and he is “optimistic” over the future.
Jum’ah said there were enough conventional and […]