Scott Shields Katy Houston Texas Energy Blog

SUSTAINABLE BUSINESS AUGUST 20, 2019 / 1:14 AM / UPDATED 4 HOURS AGO Climate change could rain on Saudi Aramco's IPO parade Clara Denina, Sinead Cruise, Rania El Gamal, Simon Jessop 11 MIN READ LONDON/DUBAI (Reuters) - Saudi Aramco’s biggest asset could also be a liability. Reprinted by Scott Shields Katy, Scott Shields Houston, www.morganshields.com FILE PHOTO: An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo The state energy giant’s vast oil reserves – it can sustain current production levels for the next 50 years – make it more exposed than any other company to a rising tide of environmental activism and shift away from fossil fuels. In the three years since Saudi Crown Prince Mohammed Bin Salman first proposed a stock market listing, climate change and new green technologies are putting some investors, particularly in Europe and the United States, off the oil and gas se...

BUSINESS NEWSAUGUST 12, 2019 / 1:24 AM / UPDATED 20 MINUTES AGO Saudi Aramco aims to buy Reliance stake, reports 12% earnings slide Rania El Gamal, Saeed Azhar 6 MIN READ. Reposted by Scott Shields Katy, Scott Shields Houston DUBAI (Reuters) - Saudi Aramco is planning a blockbuster investment in Reliance Industries (RELI.NS), the Indian firm announced on Monday, as the energy giant diversifies its business, where weaker oil prices pared its first-half profit by 12%. State-run Aramco disclosed its closely guarded financials for the first time earlier this year, revealing its 2018 earnings in order to obtain a public rating and start issuing international bonds. The world’s top oil producer plans to launch an initial public stock offering or IPO by 2020-2021, having postponed its flotation from 2018. Aramco signed a letter of intent to take a 20% stake in Reliance’s oil-to-chemicals business in one of the largest ever foreign investments in India, Reliance said. Aramco is expanding ...

Surf’s Up: Second wave of LNG is here The long-anticipated “second wave” of liquefied natural gas projects is here as tsunami of final investments decisions get made and construction contracts awarded, executives and analysts said. With construction of export terminals sanctioned during the first wave nearing completion, a second round of large LNG export projects are planned from the Texas Gulf Coast to Africa to the Arctic Circle. A joint venture between Exxon Mobil made a final investment decision in February on the $10 billion Golden Pass LNG export terminal in the southeast corner of Texas. The Woodlands oil and gas company Anadarko reached a final investment in June for the its $20 billion offshore Mozambique LNG project in southeast Africa. Earlier this week, Russian natural gas company Novatek awarded a $7.6 billion construction contract to oilfield service company TechnipFMC to build the Arctic LNG 2 export terminal on the Gydan Peninsula of Siberia. The Arctic Circle pr...

Trump executive order will aim to prevent states from blocking pipelines, energy infrastructure PUBLISHED TUE, APR 9 2019 • 8:02 PM EDT UPDATED WED, APR 10 2019 • 11:35 AM EDT Tom DiChristopher @TDICHRISTOPHER KEY POINTS Some states are using authority under the Clean Water Act to block fossil fuel pipelines and infrastructure.President Donald Trump will sign an executive order that seeks to limit states’ ability to delay construction.The same executive order contains several other provisions to promote energy infrastructure development. 📷 President Donald Trump holds up a signed executive order to advance construction of the Keystone XL pipeline at the White House in Washington January 24, 2017. Kevin Lamarque | Reuters. Reposted by Scott Shields Houston, Scott Shields Katy. President Donald Trump will issue an executive order that aims to prevent states from blocking pipelines and other energy infrastructure by using authority granted to them under the Clean ...

Unlike the author's assertion above, I have personally experienced the real problem plaguing small banks. Overhead, stagnation, slow velocity, and lack of strategy implementation abilities are caused by the stranglehold the OCC  and Fed have on this nation's small banks.  They have no such authority with credit unions.  These unchecked regulatory bodies' goals are likely altruistic, but their unchecked, unusually burdensome methods place hardships and truly common sense-defying and unsupervised constraints that ensure smaller banks remain at a serious disadvantage when compared to any other financial institution.  Please read another view below that places the largest burden on taxes.  Scott Shields Katy, Scott Shields Houston America's community banks in danger of extinction due to credit union tax loophole By Alex SanchezPublished April 01, 2019Opinion FOXBusiness - Reposted by Scott Shields Katy, Scott Shields Houston Number of banks in America is a...

SEARCH FOR: Abu Dhabi Aims To Lure Start-Ups With Investment In New Technology Hub FILE PHOTO: General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Picture taken January 3, 2019. REUTERS/ Hamad I Mohammed/File Photo March 24, 2019 By Stanley Carvalho, reposted by Scott Shields Katy, Scott Shields Houston   Www.morganshields.com ABU DHABI (Reuters) – Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy. U.S. tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join the hub as the capital of the United Arab Emirates continues its push to reduce reliance on oil revenue. Abu Dhabi derives about 50 percent of its real gross domestic product and about 90 percent of central government revenue from the hydrocarbon sector, according to ratings agency S&P. The e...

SEARCH FOR: Abu Dhabi Aims To Lure Start-Ups With Investment In New Technology Hub FILE PHOTO: General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Picture taken January 3, 2019. REUTERS/ Hamad I Mohammed/File Photo March 24, 2019 By Stanley Carvalho, reposted by Scott Shields Katy, Scott Shields Houston   Www.morganshields.com ABU DHABI (Reuters) – Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy. U.S. tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join the hub as the capital of the United Arab Emirates continues its push to reduce reliance on oil revenue. Abu Dhabi derives about 50 percent of its real gross domestic product and about 90 percent of central government revenue from the hydrocarbon sector, according to ratings agency S&P. The emirat...