Oil for $20 a Barrel?

Last week the Spanish energy giant Repsol announced its new strategic plan which involves selling off assets and sharply reducing capital spending. In announcing its new plan Repsol follows its larger rivals Exxon-Mobil, Shell and BP  that have announced reductions in capital spending and/or headcount in the last few months as a result of the very […]

Shell plays a long term game

Shell’s announcement that it plans to buy BG Group is an example of its approach to long term strategic thinking, its conviction that the world will take action to reduce its carbon footprint over the coming decades, and its opinion that the slide in oil prices is probably over