Francesca Steele: May 28, 2010 Royal Dutch Shell has agreed to buy East Resources, the US natural gas explorer, for $4.7 billion (£3.2 billion). The Amsterdam-based oil and gas giant said that it had struck a deal with East Resources and its private equity investor Kohlberg Kravis Roberts to acquire subsidiaries which own substantially all [...]
Posts on ‘May 28th, 2010’
Rethinking Offshore Drilling
“Royal Dutch Shell shares have also dropped around 11% since the BP oil spill began.” smartmoney.com Published May 28, 2010 7:20 AM As the BP (BP: 45.38, +2.97, +7.00%) spill in the Gulf of Mexico continues, the Obama administration is reviewing its position on offshore drilling, which could add further selling pressure on [...]
Shell says drilling ‘pause’ will cost Alaskans jobs
“There’s nothing that’s going to get us to drilling in 2010,” said Curtis Smith, a Shell spokesman, when asked whether the language of the announcement left room for salvaging Shell’s summer operations in Alaska.
Shell Buys U.S. Gas Assets From East Resources for $4.7 Billion
By Fred Pals May 28 (Bloomberg) — Royal Dutch Shell Plc, Europes largest oil producer, agreed to buy most of the assets of closely-held East Resources Inc. for $4.7 billion in cash, expanding its portfolio of U.S. unconventional gas deposits. East Resources owns and operates more than 2,500 producing oil and gas wells in New York, [...]
Royal Dutch Shell BP Merger?
THE NEW YORK TIMES Spill Could Make BP Vulnerable By ROB COX and CHRISTOPHER SWANN: MAY 27, 2010 BP is likely to eventually stop the flow of oil from its explosion in the Gulf of Mexico. After that happens, the autopsy of the spill will begin in earnest. But if the information dribbling into the [...]
Shell’s Statement on the President’s Offshore Announcement
HOUSTON, May 27 /PRNewswire/ – The Deepwater Horizon accident in the Gulf of Mexico is a terrible tragedy for the families of those who lost their lives or were injured, as well as our neighbors in the Gulf region. Immediately following the on-set of this incident, we undertook a number of proactive steps to reinforce [...]


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