Are ExxonMobil and Royal Dutch Shell plc Just Wasting Their Money on This Project?
It's hard to believe that ExxonMobil's , Royal Dutch Shell's , and Total's Kashagan project could get any more difficult, but recent pipeline leaks that caused a release of hydrogen sulfide gas are just more setbacks that have kept this project from operation. Each of these companies believe the project will get going again quickly, but who's to say it won't run into another major problem down the road?
With the consortium of companies spending nearly $50 billion dollars to get this project up and running, these minor setbacks can cause major headaches. Unfortunately, there is probably no way out for any of these companies, even if they wanted one. Tune into the video below to find out why it's so hard to walk away, and how this could impact these companies down the road.
Meanwhile, this company is taking on OPEC's stranglehold of the oil markets
There is a behind-the-scenes energy giant that rents a very specific and valuable piece of machinery for $41,000... per hour, and companies like ExxonMobil and Chevron are willing to get on waiting lists to use it. The technology this company is providing the energy industry is redrawing the borders of power, and OPEC is getting scared. In our exclusive, brand-new Motley Fool report, we reveal the company we're calling OPEC's Worst Nightmare. Simply click here give you free access to uncover the name of this industry-leading stock!!
The article Are ExxonMobil and Royal Dutch Shell plc Just Wasting Their Money on This Project? originally appeared on Fool.com.
Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Chevron and Total SA. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.