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Posts under ‘Australia’

Roundup of Royal Dutch Shell News 16 August 2014

SHELL’S USA FIRE SALE The New York Times reports that the Blackstone Group, a private equity company, is paying Royal Dutch Shell $1.2 billion for a stake comprising more than 107,000 net acres in Louisiana. MORE A related article by BusinessReport.com features a quote from Marvin Odum, president of Royal Dutch Shell’s U.S. division, Shell […]

Royal Dutch Shell Plc .com News Round-up 12 August 2014

A frosty reception for Shell sponsorship; Oil and Gas company debt soars to danger level; Shell a gigantic flea By John Donovan UK The Telegraph City Diary column has commented on Shell’s embarrassment at arts sponsorship monies being returned to the  company in Ireland. “First the Antarctic, now Ireland. The list of countries where Royal […]

Royal Dutch Shell News Roundup Monday 11 Aug 2014

Rejection in Australia, Oil Spill Fire in Nigeria, Fire sale in the USA, Asbestos lawsuit in the UK By John Donovan AUSTRALIA The Australian reports that a fortnight after Woodside Petroleum shareholders scuttled a $2.7 billion plan to remove Royal Dutch Shell from the company’s share register, Woodside has bought a 40% stake in a […]

Woodside’s Buyback Deal With Shell at Risk of Being Blocked

Extracts from a Bloomberg News article by James Paton dated 31 July 2014 Woodside Petroleum Ltd plan to buy back shares from Royal Dutch Shell Plc for $2.7 billion is at risk of being rejected by shareholders as it falls short of the votes needed to proceed. The buyback is part of Shell’s deal last month […]

Woodside Chairman Defends $2.7 Billion Buyback Deal With Shell

Extracts from a BloombergBusinessweek article by James Paton and Rebecca Keenan published 23 July 2014 Woodside Petroleum Ltd. (WPL), Australia’s second-largest oil and gas producer, defended a plan to buyback about $2.7 billion of stock from Royal Dutch Shell Plc (RDSA) amid concern investors may reject the deal. Woodside’s buyback is part of last month’s […]

LNG spot crash persists as Shell bizarrely talks it up

Extracts from an article published by macro business.com on 18 July 2014 Prices of spot liquefied natural gas (LNG) for August delivery to Asia plummeted 26.5% year-over-year to an average $11.365 per million British thermal units (/MMBtu), the lowest monthly average since April 2011, the latest Platts Japan/Korea Marker (JKM) for month-ahead delivery showed. The […]

Lift productivity to lure LNG investment, says Shell CEO Ben van Beurden

Extracts from an article by Matt Chambers published by The Australian on Friday 18 July 2014 THE head of the world’s second biggest company, Royal Dutch Shell, says Australia maintains an edge in attracting LNG investment but needs to improve labour productivity and start acting on commitments to streamline approvals if it is to capture […]

Shell flies in $30m for air support

Extracts from an article by Peter Klinger published by The West Australian on 7 July 2014 The first pieces of support infrastructure to back up the burgeoning Browse Basin oil and gas industry have arrived, with Royal Dutch Shell committing $30 million to underpin a dedicated search and rescue helicopter service out of Broome. Shell, […]

Spot the Rooney in your portfolio

Extracts from a Motley Fool article by Harvey Jones published by The Yorkshire Post on 28 June 2014 under the headline: “Motley Fool: Spot the Rooney in your portfolio Tesco isn’t the only stock displaying Rooney-esque tendencies. Anglo-Dutch oil major Royal Dutch Shell has also been off the pace. First quarter earnings of $4.5bn were sharply down from […]

One Reason Why I Wouldn’t Buy Royal Dutch Shell plc Today

Extracts from a Motley Fool article by Royston Wild published 26 June 2014  Shell has spun off a multitude of upstream and downstream assets in recent years in order to build its dividend and share repurchase-supporting cash pile and reduce its exposure to non-core assets. The oil giant also offloaded its Australian Geelong refinery and […]

Are Asset Sales the Answer for Royal Dutch Shell plc?

Extracts from a Motley Fool article by Arjun Sreekumar published 23 June 2014 On Monday, Shell announced the sale of a 19% stake in Woodside Petroleum, a deal that is expected to raise $5 billion. On Wednesday, the company announced that it had filed a registration statement with the U.S. Securities and Exchange Commission related […]