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Posts under ‘Australia’

BG Group prioritizes Australia, Brazil

By Daniel J. Graeber published 21 April 2015 by UPI BG Group prioritizes Australia, Brazil READING, England, April 21 (UPI) — British energy company BG Group said Tuesday it would change how it discloses financial data to reflect the importance of Brazilian and Australian assets. BG Group said, starting May 8, it would unveil a number […]

SHELL TO ACQUIRE BG: IMPLICATIONS FOR THE NORTH SEA

14 April 2015 Shell announced an offer of a £47bn ($70bn) acquisition of BG in the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.3bn) merger in 1998.  Shell and BG expect to make annual savings of £1.7bn ($2.5bn) and the combined company is estimated to be worth £180bn ($266bn). […]

Shell Betting Its Future On LNG

Article By Nick Cunningham published Sun, 12 April 2015 by OilPrice.com Shell Betting Its Future On LNG Could the largest energy deal in over a decade begin a new wave of mergers and acquisitions? Is LNG really the future? How Will ExxonMobil Respond? And perhaps more importantly, does the mega-deal between Royal Dutch Shell (RDS.A) and BG […]

Funds circle for spin-off gains from Shell deal

Article by Ashley Armstrong published 12 April by The Sunday Telegraph Funds circle for spin-off gains from Shell deal The world’s largest private equity firms are already circling the $30bn (£20bn) of assets that could be spun off by Shell following its acquisition of BG Group, the largest ever merger between two UK companies. Warburg […]

Shell Will Buy BG for $70 Billion in Push for Gas Dominance

by Javier BlasRakteem Katakey for Bloomberg.com Royal Dutch Shell Plc agreed to buy BG Group Plc for about 47 billion pounds ($70 billion), making Europe’s largest oil company the pre-eminent player in global natural gas and adding fields in Brazil. The deal, the industry’s biggest in at least a decade, will push Shell further into producing, […]

Shell, With $70B Deal For BG Group, Becomes World LNG Giant

Christopher Helman So this is how the consolidation starts. Royal Dutch Shell is making a smart move in its $70 billion acquisition of BG Group . The deal will gain Shell access to the most exciting deepwater oil projects in the world, in Brazil. While adding in BG Group’s fast-growing liquefied natural gas business will soon make […]

Buying BG Would Give Shell Answer to Stranded Australian Gas

Article by James Paton published 8 April 2015 by Bloomberg Royal Dutch Shell Plc is seeking an outlet for its natural gas reserves in Australia’s Queensland state. The proposed acquisition of BG Group Plc could provide one. If Shell buys BG, the combined company would surpass Chevron Corp. as the world’s second-largest oil and gas […]

Royal Dutch Shell To Delay Drilling Of Australian Well

By: MICHEAL KAUFMAN Published: Mar 31, 2015 at 1:57 pm EST Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) has postponed its $100 million-plus exploration well in Australia’s north-east cost. The Den Haag-based energy company’s project known as the Cronus-1 was initially scheduled to start drilling in the first quarter of 2015 in the Browse basin. However, […]

Shell delays Australian drilling plans as crude oil prices dive

From an article by Angela Macdonald-Smith published Monday 30 March 2015 in the Sydney Morning Herald: Royal Dutch Shell delays WA drilling plans as crude oil price dives Extracts Royal Dutch Shell’s delay of the drilling of a $100 million-plus exploration well off Australia’s north-west coast is the latest example of modified plans in the wake […]

Ben van Beurden: Proposed Arrow LNG Project with PetroChina cancelled

From an article by The Australian Pipeliner published 3 Feb 2015 under the headline: VIDEO: Arrow LNG Project “off the table” Royal Dutch Shell CEO Ben van Beurden has confirmed the company’s proposed Arrow LNG Project with PetroChina has been cancelled, but the Arrow Bowen Pipeline will not be affected. Arrow Energy, which is jointly […]

Shell shelves Arrow LNG project in Queensland

From an article by Angela Macdonald-Smith published 30 Jan 2015 by The Sydney Morning Herald under the headline: “Shell shelves Arrow LNG project in Queensland” Royal Dutch Shell has finally ditched plans for a new $US20 billion-plus liquefied natural gas project in Queensland,making it the latest casualty of the oil price slump. Global chief executive […]

Why Shell Is Selling Its Norwegian Downstream Business

Royal Dutch Shell has decided to sell off of its Norwegian downstream business to Finland’s ST1 in order to improve profitability and achieve its divestment targets By: MICHEAL KAUFMAN Published: Dec 18, 2014 at 5:21 pm EST Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) has decided to sell its Norwegian downstream business comprising commercial fuels, retail […]

BP a sitting duck

The rumours that surfaced earlier this week that Shell might be taking a closer look at BP are not that ridiculous and in the current climate of lower oil prices and falling profits they actually make perfect sense. The first reason is that BP looks like a sitting duck. THE TELEGRAPH Why Shell could buy […]

Oil price slump: fire sale of Shell assets gathers pace

*Royal Dutch Shell Plc has sold a $600 million stake in a Nigerian oil lease as part of its plan to sell off $15bn worth of assets around the world. The fire sale no doubt has added momentum in view of the collapse in the price of oil. Shell has already disposed of under-performing assets […]

Prelude a giant production and processing barge masquerading as a ship

By John Donovan A parliamentary inquiry into the safety of floating LNG (FLNG) processing plants is underway in Western Australia this week. On 28 December 2013, I published an article revealing that a whistleblower inside the Shell Prelude project – the first of these gigantic processing plants, had contacted me.  The person in question supplied me […]

Declining coal production in the U.S.

From a Regular Contributor The following link is about the approaching end of cheap and easy coal from the surface mines in the Western part of the US, specifically Wyoming. These reserves are approaching depletion. That is good for the planet but not necessarily good for electricity consumers in the US, China, and Europe. The […]

Shell’s own goals in the Arctic: Over to you, Ann

US authorities say a desire to avoid taxes lead Shell to move an oil rig in rough seas in 2012, which lead to its grounding. Extract from an article published in The Sydney Morning Herald, 3 November 2014 When Ann Pickard says how sorry she is to be leaving the Westpac board after its shareholder […]

Royal Dutch Shell News 23 Sept 2014

By John Donovan Nigeria FROM THE DAILY MAIL Shell has overhauled its security procedures in Nigeria to prevent oil theft that is costing it hundreds of millions of pounds. The Anglo-Dutch oil giant said it had stopped paying private security contractors to monitor its pipelines and oil facilities.  Carbon Pricing Forbes.com has published an article […]

Royal Dutch Shell Fire Sale Continues

According to a Financial Times article, “Royal Dutch Shell has revived plans to dispose of its European liquefied petroleum gas business four years after a second failed attempt to sell the assets.”  Shell has already disposed of under-performing assets around the globe, including Australia,  the USA and in the North Sea. The latest move is part of […]

Royal Dutch Shell News Roundup 25 August 2014

RUSSIA Jeroen van der Veer, the former Royal Dutch Shell CEO who evaded responsibility for his role in the cover-up of the Shell reserves fraud, claims that the sanctions against Russia are not working and are counter-productive. This analysis comes from the man who badly misjudged the Putin regime in 2006 and as a result, ended up meekly surrendering […]

Shell smashed to bits across Adelaide, South Australia?

“Printed below is an email received from a Mr Bruce Hubbard. Does Shell wish to comment? If you tell me that its is all false, or contains false information, then I will not publish it. If I receive no response within 7 days I will assume Shell does not take issue with the allegations and […]

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 […]

Bonaparte Surrender

By John Donovan It seems that the alarming articles we have published about the Royal Dutch Shell Prelude FLNG project, highlighting risks based on insider information and expert opinion, may have had an unintended impact.  According to a Dow Jones news report published today, GDF Suez SA and Santos Ltd have both withdrawn from their plans […]

Shell to sell most of stake in Australia’s Woodside for $5.7 billion

Extracts from a Reuters article by Sonali Paul published Tuesday 17 June 2014 (Reuters) – Royal Dutch Shell launched a long-anticipated sale of most of its stake in Australia’s Woodside Petroleum Ltd on Tuesday, looking to reap about $5.7 billion as it moves to focus on developing its own gas assets in Australia. The selldown, […]

Only a fraction of big gas export projects will be built, Shell exec says

Extracts from a Seeking Alpha article published 9 June 2014 Only a fraction of the big natural gas export projects being developed around the world will become reality, as high costs and low profit margins in the gas sector sink those that once had promised huge returns on investment, Royal Dutch Shell (RDS.A, RDS.B) director […]

Only a fraction of big gas export projects will be built – Shell

Extracts from a Reuters article published Monday 9 June 2014 LONDON, June 9 (Reuters) – Only a fraction of the natural gas export projects being developed around the globe will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment.  But high development costs and low […]

Diminishing Shell in Australia

Extracts from a Sydney Morning Herald article by Michael West published 2 June 2014 under the headline: “Is petrol producer an empty Shell?” Suffice to say that Shell has contributed to the Australian economy in a big way over the years. Not quite so big any more, though. Shell Australia has become less an Australian […]

Bears move in on Woodside

Extracts from a Sydney Morning Herald article by Angela Macdonald-Smith published 29 May 2014 read moreLike this:Like Loading…

Woodside Scraps $2.6 Billion Israeli Gas Deal as Talks Fail

Extract from a BloombergBusinessweek article by James Paton published 20 May 2014 Woodside Petroleum Ltd. (WPL), Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed. FULL ARTICLE Like this:Like Loading…

Upstream and Downstream – always oil and water

When I retired I was presented with a small silver Shell emblem which I still wear with pride from time to time. It once stood for excellence in marketing and was one of the world’s most familiar brand symbols. Now it’s a bit of a collectors item symbolising a world that has long gone… By […]