One thing is indisputable about Peter Voser’s four-year stint in the Royal Dutch Shell hot seat: investors are a lot surer of Shell than they were in 2009. As chief financial officer and then as chief executive, Mr Voser helped transform a group that was rocked to its foundations by a reserves accounting scandal and was seen as the sick man of the oil industry.
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The size of construction group Skanska’s (SKAb.ST) business in the Americas could overtake that of its Nordic home markets, as it sees a surge in work on industrial plants as a result of the U.S. shale gas boom, its chief executive said on Tuesday.
Johan Karlstrom, speaking at Reuters Nordic Investment Summit, said spending on infrastructure, new hospitals and facilities for high tech industries would contribute to its growth in the United States in the coming years.
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The U.K. should set up a fund using tax revenues from shale gas production to help it meet environmental goals, Energy Secretary Ed Davey said. “I want us to be a country that invests for the future, a low-carbon future using shale gas revenues,” he said today at a conference in London. His Liberal Democrat party will discuss a low-carbon transition fund established from tax revenues from any future shale gas production at its conference this month, he said.
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Il mercato degli asset oil & gas nordamericano nei primi sei mesi del 2013 si è dimezzato rispetto allo stesso periodo dell’anno scorso, passando da 54 a 26 miliardi di dollari, dicono i dati di Bloomberg. Compagnie importanti come BHP e Shell hanno drasticamente ridimensionato i loro investimenti in shale gas e shale oil. La corsa a questi ‘fossili non convenzionali’ negli Usa frena bruscamente, gas e petrolio da scisti non sembrano mantenere le promesse di prosperità di poco tempo fa. Sta già scoppiando la bolla che qualcuno ha pronosticato?
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“It’s best to get it out of the water now or it’ll start getting grazed by the little beasties,” says Lars Brunner as he hauls 50kg of glistening, translucent kelp from the dark waters of the Sound of Kerrera into the boat. The long summer days mean the seaweed is rapidly storing up sugars, which snails and barnacles find delicious.
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New estimates of the UK’s reserves of shale gas will be published on Thursday, and are expected to be much larger than originally thought – potentially supplying the UK with decades’ worth of natural gas, if a high proportion of the gas in the rocks can be extracted at a low cost. However that key question that cannot yet be answered due to the lack of experimental wells drilled so far and the challenges posed by the UK’s high density of population.
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