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Oil companies' profits hit by quest for crude price exposure

2015-04-13 16:49:20| Oil & Gas - Topix.net

The drop in big oil companies' profits in the past eight months isn't just a function of lower crude prices - it also reflects strategic choices. A Reuters examination of corporate filings by some of the biggest players in the industry, including BP , Shell and France's Total , shows the sensitivity of these companies' earnings to changes in oil prices has risen in recent years.

Tags: price companies hit oil

 

As oil price slump drags, companies fight to adapt

2015-04-08 04:41:15| Oil & Gas - Topix.net

In January, Gary Evans, the CEO of the oil and gas firm Magnum Hunter Resources, shut down his entire drilling operation in response to low commodity prices. But for weeks now, he has been listening to executives from rival companies talk about negotiating rate cuts from drilling contractors and field service companies.

Tags: price companies oil fight

 
 

Railroad companies, MDE renew spat over disclosing crude oil shipments

2015-04-07 04:43:26| Railroads - Topix.net

Details about shipments of crude oil are trade secrets protected from disclosure under the Maryland Public Information Act, two national railroad companies have argued in an attempt to prevent a state agency from releasing the information. Norfolk Southern Corp. and CSX Transportation Inc. each filed a lawsuit against the Maryland Department of the Environment last summer as the department was preparing to disclose the information at the request of McClatchy Newspapers and the Associated Press.

Tags: companies oil renew railroad

 

Palm oil companies, NGOs endorse new deforestation-limiting toolkit

2015-04-07 00:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Forests not only house many of the world's species, but also much of its carbon. Now, a toolkit has been developed by a group of companies and organizations with the aim of helping other companies and NGOs identify High Carbon Stock (HCS) forests. The toolkit was endorsed last week by major NGOs and plantation companies in Singapore. Today, there is more CO2 in the atmosphere than at any other time in human history, contributing to a plethora of global changes from rising and acidifying seas to...

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The Guardian targets oil companies with 'unprecedented' climate-change campaign

2015-04-01 16:36:00| Climate Ark Climate Change & Global Warming Newsfeed

Mashable: Climate change is one of those large, sweeping stories in which history has not made a dent in more than 30 years. Alan Rusbridger, the editor in chief of the Guardian, decided to tackle it in a six-month, all-hands blitz. Rusbridger is stepping down in June after 20 years atop the Guardians masthead, a move he says brought up thoughts of his legacy. I thought, Well, I havent got long now, and therefore I want to do something about this whole subject, Rusbridger told Mashable. I wondered,...

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