ExxonMobil and Chevron, the US’s two biggest energy producers, have laid out their strategy to cope with the worst crude oil price crash in history: cut back now, keep investors happy, and be ready for a market recovery. They will not touch the dividend, they said on Friday, despite the announcement a day before from Royal Dutch Shell, the supermajors’ biggest European rival, that it would slash its payment to shareholders as part of a longer-term transition away from fossil fuels.
FT 1st May 2020 read more »
The Syrian Job: Uncovering the Oil Industry’s Radioactive Secret. Cancerous lesions have developed across Keith MacDonald’s body and his son is dead from leukemia. His life has disintegrated, and in his eyes fault lies with the third richest company on earth. It is headquartered in the Netherlands, incorporated in the United Kingdom, and is an entity (thanks to the Parliamentary Pension Fund) that every single British MP has a stake in — Royal Dutch Shell. MacDonald started on a pipeline in Wales and by 1977 had a job inspecting pipelines as an industrial radiographer in the Libyan oilfields, surrounded by bleached Saharan sands and the hottest temperatures on the planet. A stint in Saudi Arabia followed, then a two-year job in the United Arab Emirates building gas plants where MacDonald was assistant quality assurance superintendent. He spent much of the 1990s in Nigeria, working for Chevron as a senior company representative on a barge that fabricated and upgraded oil rigs. By the late 1990s he was in Oman. There was something else different about work in the Syrian oil fields. MacDonald had to take a 40-hour course on what’s referred to in the industry as Naturally Occurring Radioactive Materials, or NORM. The topic had come up in other oilfields but this was the first time he had been forced to formally learn anything, although it wasn’t much of an education. “The exam we took at the end had all the right answers already crossed in,” says MacDonald.
Desmog 29th April 2020 read more »
US fossil fuel companies have taken at least $50m in taxpayer money they probably won’t have to pay back, according to a review of coronavirus aid meant for struggling small businesses by the investigative research group Documented and the Guardian.
Guardian 1st May 2020 read more »