Activists in Port Harcourt, Nigeria protest to demand that Shell pay reparations and clean up its oil spills. © Amnesty International
John Vidal
News and information on Shell Plc
Activists in Port Harcourt, Nigeria protest to demand that Shell pay reparations and clean up its oil spills. © Amnesty International
John Vidal
The Fife Ethylene Plant (FEP) in Mossmorran will receive the ethane from US shale gas, which is obtained using the controversial hydraulic fracturing “fracking” technique, from the middle of 2017.
It comes after Ineos signed a long-term sale and purchase agreement with ExxonMobil, which owns and operates the FEP plant, and Shell, which has 50% capacity rights.
The FEP, which was officially opened by the Queen in 1986, was the first plant specifically designed to process natural gas liquids from the North Sea.
By Rupert Hargreaves | Fool.co.uk: 9 November 2015
Royal Dutch Shell’s (LSE: RDSB) £47bn cash-and-stock offer for BG (LSE: BG) is one of the largest takeover deals ever to take place in the UK. However, the deal is also rapidly becoming one of the most controversial takeover deals ever to take place here. One fund management is now openly calling for Shell to scrap its offer for BG.
It emerged this weekend that Ian McVeigh, head of governance at Jupiter Fund Management and one of the City’s biggest fund managers, has compared the proposed takeover of BG by Shell to the disastrous purchase of ABN Amro by Royal Bank of Scotland in 2007. RBS’s ill-fated takeover of ABN Amro ultimately resulted in the government bailout of RBS and years of pain for the bank.
by Alice Young: Monday, 09 Nov 2015 08:40 GMT
A senior executive at one of the City’s biggest fund managers has attacked Royal Dutch Shell’s (LON:RDSA) proposed takeover of BG Group (LON:BG), The Times has reported. The comments come after the Anglo-Dutch giant’s chief executive moved to reassure investors last week that the tie-up was still compelling despite the increasingly bearish outlook for oil prices.
Shell’s share price has been steady in early morning trading today, having added 0.32 percent to 1,717.50p as of 08:01 GMT, largely in line with gains in the blue-chip FTSE 100 index. BG Group’s share price currently stands 0.15 percent higher at 1,028.50p.