Totalenergies Results for 2021

By Barney Smith Like BP and Shell, Totalenergies, the French Oil and Gas major, is engaged in transforming itself from an international oil and gas company to an integrated energy company. Like BP and Shell, it holds its AGM in May, on the 25th to be precise, in France of course. At first blush, the [...]

By |2022-05-20T07:24:08+00:00May 19th, 2022|Oil & Gas|Comments Off on Totalenergies Results for 2021

BP results for 2021

By Barney Smith For the reasons given in our analysis of the Shell results for 2021 (Greenbarrel of 4 May), AGMs of large international oil and gas companies are now of still greater importance than ever. The AGM of BP is on 12 May and the meeting will in theory be concerned with 2021, considering an in-house document [...]

By |2022-05-12T08:10:09+00:00May 12th, 2022|Oil & Gas|Comments Off on BP results for 2021

Shell’s results for 2021

By Barney Smith It is often said that the only people who really have the money to make the sort of difference necessary to achieve what change the climate requires are the Oil and Gas companies, like Shell, TotalEnergies and BP. If so, it follows that the outcome of their meetings become even more crucial. [...]

By |2022-05-04T08:26:07+00:00May 4th, 2022|Oil & Gas|Comments Off on Shell’s results for 2021

BP, Ukraine and Renewables

By Barney Smith It was Lenin who observed that there are decades where nothing happens and there are weeks where decades happen. He was right. In March, shortly after the Russian invasion of Ukraine, BP announced that it had decided to sell its’ 19.75 per cent stake in Rosneft, the Russian oil giant: a decision which could yet [...]

By |2022-04-02T08:45:35+00:00March 31st, 2022|Oil & Gas|Comments Off on BP, Ukraine and Renewables

What should be done if Russia cuts its gas supply?

By Julian Singer Europe, including the UK, Norway and other non-EU countries, imports about 33 per cent of its gas from Russia. Not surprisingly, many studies have been made in the last month examining what would happen if Russia stopped its supply. In the short term Europe has the capacity to store up to 20 [...]

By |2022-03-09T13:28:15+00:00March 9th, 2022|Oil & Gas|Comments Off on What should be done if Russia cuts its gas supply?

An Apparent Oil Paradox

By Barney Smith There are several propositions which all seem to be true individually, yet pose more difficulty when viewed as collectively true. The first is that we are in the middle of an energy transition out of oil and gas, which are widely seen as declining assets: the second is the suggestion that, as [...]

By |2022-02-15T17:33:53+00:00February 15th, 2022|Oil & Gas|Comments Off on An Apparent Oil Paradox

Shell CCS and that appeal

By Barney Smith Just when it seemed safe to leave Big Oil to its own devices for a bit, Shell is involved in several actions which are sufficiently newsworthy that they cannot be ignored. On Thursday 30 July the company released figures for Q2 2021, which were the best figures for any quarter since 2018 [...]

By |2021-08-07T16:15:04+00:00August 4th, 2021|Oil & Gas|Comments Off on Shell CCS and that appeal

ExxonMobil and their troubled AGM

By Barney Smith In the follow-up to the AGM, ExxonMobil finally had to concede not two, but three seats on the Board to the activist investor Engine No 1 which wanted the company to take more account of the energy transition, of climate change and its inevitable impact on the Oil and Gas industry. ExxonMobil [...]

By |2021-07-23T07:04:11+00:00July 21st, 2021|Oil & Gas|Comments Off on ExxonMobil and their troubled AGM

Angus Energy announces a transition from oil and gas to geothermal

By Julian Singer Angus Energy is a UK oil and gas company that operates three small oil fields in the Weald Basin of Sussex and Surrey, and which listed on AIM in 2016. In 2020 it acquired a majority interest in the dormant Saltfleetby gas field in Lincolnshire, and plans to install processing facilities so [...]

By |2021-07-12T12:38:07+00:00July 14th, 2021|Oil & Gas|Comments Off on Angus Energy announces a transition from oil and gas to geothermal

BP Annual Statistical Review for 2020

By Barney Smith According to the latest Review, which, unusually, came out this year in early July, 2020 was the most aberrant year ever, with primary energy use falling by 4.5 per cent and carbon emissions falling by more than 6 per cent, both being the fastest rate of decline since WWII. The US, India [...]

By |2021-07-12T11:46:17+00:00July 13th, 2021|Oil & Gas|Comments Off on BP Annual Statistical Review for 2020
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