30 August, 2007
In a recent post, we drew attention to David Strahan’s controversial prediction that “Western big oil companies are heading for liquidation”. Today, even the conservative Wall Street Journal is asking questions about the future of big oil. According to the article written by Sacha Kumaria, senior advisor to the Center for Energy Studies at Cambridge… » read more
Posted by Willy De Backer
15 July, 2007
In the UK’s Independent, David Strahan, the author of the excellent book “The Last Oil Shock: a survival guide to the imminent extinction of petroleum man”, uses new rumours of an imminent merger of Royal Dutch Shell and BP to make the case that the big oil majors are facing difficult times. The real motivation… » read more
Posted by Willy De Backer
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energy nationalism, energy security, OPEC, Peak oil, resource wars, Shell |
3 July, 2007
The highly praised Shell-Statoil CCS (carbon capture and storage) project in the Norwegian Sea (Draugen) is not financially viable. That is the result of a joint feasibility study undertaken by both energy groups. The two energy companies have therefore decided to bury the project. This is the second setback in a few months for one… » read more
Posted by Willy De Backer
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Carbon capture and storage, Climate change, energy security, Shell, Statoil |
