Overseas Oil Updates: Royal Dutch Shell plc (ADR) (RDS.A) & Network Rail, TOTAL S.A. (ADR) (TOT)’s Warning, Petroleo Brasileiro Petrobras SA (ADR) (PBR)’s Risk

Editor’s Note: Royal Dutch Shell plc (ADR) (NYSE:RDS.A), TOTAL S.A. (ADR) (NYSE:TOT), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)

Former Shell executive named as Network Rail chief (Financial Times)
Network Rail has appointed a former senior Royal Dutch Shell manager as its next chief executive following the decision by Sir David Higgins to step down after just over three years in the job. The owner of the UK rail network, which is technically private but receives public subsidy of £4bn annually, said Mark Carne would take the helm from April next year. Mr Carne, 54, spent 21 years at Royal Dutch Shell plc (ADR) (NYSE:RDS.A) in two spells, most recently as executive vice-president for the Middle East and Africa, after rejoining the oil major from BG Group in 2010.

Total SA (ADR) (NYSE:TOT)Reuters: Energy industry fears more deep-sea leaks linked to drill fluid (Seeking Alpha)
A corrosive drilling fluid that triggered the North Sea’s worst gas leak in 20 years could threaten similar deep-sea wells around the world, and operator TOTAL S.A. (ADR) (NYSE:TOT) already has warned Royal Dutch Shell plc (ADR) (NYSE:RDS.A) that its nearby Shearwater field may be at risk, Reuters reports. The corrosive fluids implicated in the leak at Total’s Elgin field are commonly used in such deep-sea wells, and the industry fears a recurrence as operators, under pressure to offset declining output from conventional reservoirs, turn to deeper, hotter and higher pressure fields.

Petrobras Share Value Imperiled by Top Brazil Find, UBS Says (Bloomberg)
Petroleo Brasileiro SA (PETR3), Brazil’s state-run crude producer, risks losing shareholder value from developing the country’s largest oil discovery as high costs and taxes erode returns, according to UBS AG. (UBSN). Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), as the biggest producer in ultra-deep waters is known, may lose as much as 1.50 real ($0.64) a share from its role in the Libra field that is estimated to hold as much as 12 billion barrels of recoverable crude, UBS analysts led by Lilyanna Yang said in a note to clients. A signing bonus of 15 billion reais for Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) and its partners will strain the Rio de Janeiro-based company’s cash flow, UBS said.

Royal Dutch Shell plc : Buyback of Own Shares (SYS-CON Media)
Royal Dutch Shell plc (ADR) (NYSE:RDS.A) announces that on 5 September, 2013 it purchased for cancellation 990,000 “B” Shares at a price of 2152.41 pence per share. Following the cancellation of these shares, the remaining number of “A” Shares of Royal Dutch Shell plc will be 3,821,611,712 and the remaining number of “B” Shares of Royal Dutch Shell plc will be 2,510,716,188

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!