Energy Daily: Rise in carbon dioxide emissions slows, Barrick Gold...

 
 
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Friday November 01 2013
 
 
Energy
 
Rise in carbon dioxide emissions slows
 
Study shows 'remarkable' falls in China, US and EU, which are responsible for 55 per cent of global emissions, as more renewable power is used
 
 
 
Barrick Gold moves to pay down $2.6bn debt
 
 
Energy secretary targets big six suppliers
 
 
Refining overcapacity hits oil majors
 
 
Shell – when size becomes a problem
 
 
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Oil & Gas
 
Batista sits on both sides of debt talks
 
The Brazilian businessman's oil services company OSX is one of the biggest contractors of OGX with claims estimated at up to $2.6bn
 
 
 
Investor frustration fails to dent Shell
 
 
Exxon earnings slide on refining weakness
 
 
New chief set to shine at Shell
 
 
Exxon struggles for growth in new era
 
Mining
 
Greenland PM eyes independence
 
Prime Minister Aleqa Hammond believes lifting ban on mining uranium will help reduce Greenland's economic and political reliance on Denmark
 
 
Nick Butler
 
Shell – when size becomes a problem
 

It seems bizarre to say that a company which will generate cash this year of between $40bn and $45bn has a fundamental structural problem. But the latest results from Royal Dutch Shell show just how weak the correlation between size and performance has proved to be. Capital expenditure is so high that even cash at that level may be insufficient to cover spending and dividends. The company looks lost – a lumbering dinosaur in a world where the prizes go to the quick and nimble.

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