Where are we on Fracking?

By Barney Smith Fracking is by no means a recently discovered technique: it has been used successfully in the US since 1947. It involves injecting water, sand and chemicals at very high speed to smash open shale rock underground and release the oil and gas it contains. Since 1947, over 1.7 million wells have been [...]

By |2022-10-18T08:54:41+00:00October 18th, 2022|Oil & Gas|Comments Off on Where are we on Fracking?

Choppy Ride for TotalEnergies

By Barney Smith It cannot have been much fun. The authoritative French newspaper, Le Monde, in the edition of 25 August had an editorial, as well as two pages inside and the front page headline, all saying essentially the same thing, TotalEnergies’ Gas is fueling Russian Bombers in Ukraine. The front page headline makes the [...]

By |2022-09-09T19:09:59+00:00September 6th, 2022|Oil & Gas|Comments Off on Choppy Ride for TotalEnergies

What is to be done about the dramatically raised energy costs which reflect the huge Oil and Gas Profits reported for Q2?

By Barney Smith The world-wide price for Oil and Gas has gone up a lot in the last year. The almost inevitable effect on Shell, the largest European Oil and Gas producer, and BP, the other, slightly smaller, British major is huge, almost too huge, profits. For it is the world-wide price which has been [...]

By |2022-08-19T08:12:49+00:00August 16th, 2022|Oil & Gas|Comments Off on What is to be done about the dramatically raised energy costs which reflect the huge Oil and Gas Profits reported for Q2?

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
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