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Posts under ‘BG Group’

Royal Dutch Shell CEO Blames Saudi Arabia For Slowed US Shale Growth

Bidness Etc takes a look at how Saudi Arabia led to slowed growth of the US shale oil industry By: MICHEAL KAUFMAN: Published: Jul 2, 2015 at 9:37 am EST The Organization of Petroleum Exporting Countries (OPEC), led by Saud Arabia, usually monitors the crude oil supplies and prices prevailing in the market. The US energy […]

BG-Shell takes first step towards Brazilian blessing

The £47bn blockbuster deal has been officially filed with competition regulators in Brazil, a key hurdle and strategic area for Shell’s interest By Ashley Armstrong: 6:38PM BST 23 Jun 2015 Shell’s £47bn plan to become the world’s biggest gas producer has moved a step closer to reality after the oil giant officially filed its takeover of […]

How the European Oil Industry Decided to Save the Climate

By Javier Blas: June 23, 2015 By the time the convention chat turned into action, Royal Dutch Shell Plc, BP Plc, Total SA, Eni SpA, Statoil ASA and BG Group Plc published an unprecedented open letter on climate change. Breaking with their biggest U.S. competitors, they announced their support for efforts to put a cost […]

Warning on Shell megadeal

JOHN DAGGE: HERALD SUN: MELBOURNE: JUNE 24, 2015 ONE of Australia’s biggest plastic makers has added its voice to concerns about Shell’s planned takeover of BG Group, saying further consolidation in the gas industry will likely harm manufacturers.  Melbourne-based Qenos has also attacked Victoria’s ban on onshore oil and gas drilling, saying the restriction put at risk a […]

Gazprom lays bare West’s vulnerability

Royal-Dutch Shell is teaming up with Gazprom on several projects despite Western sanctions on Russia. The expanded partnerships fly in the face of European and American sanctions which ban joint ventures with Russian energy companies. 23 June 2015 Europe’s efforts to reduce dependence on the Russian energy have been dealt a new blow after reports […]

JPMorgan UK Strategic Growth fund sells Shell

By Eleanor Lawrie The JPMorgan UK Strategic Growth fund has sold out of Royal Dutch Shell as the oil and gas sector is hit by weak prices and disappointing earnings. read moreLike this:Like Loading…

Gazprom set to build global strategic alliance with Shell

A Gazprom logo is displayed above its headquarters in Moscow. Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets. The deal with Shell is a coup for Gazprom at a time when many Western companies are […]

Exclusive – Gazprom building global alliance with expanded Shell

  Exclusive – Gazprom building global alliance with expanded Shell The deal with Shell is a coup for Gazprom at a time when many Western companies are reducing their exposure to Russia because of Western sanctions over Moscow’s actions in Ukraine. Gazprom, which is under U.S. but not EU sanctions… Fri Jun 19, 2015 Gazprom […]

Can You Really – Really – Be Sure Of Shell?

By Owain Bennallack – Thursday, 18 June, 2015 Making glib comments about the flaws of tracker funds – or even more so the foolishness of those who invest in them – is a mug’s game.  The evidence shows that over the long term, tracker funds beat most actively managed ones, not least because of the far […]

Low oil price hits $200 billion in mega-projects

* Ernst and Young say more project delays likely * Say at least 24 projects worth more than $1 bln put on ice By Ron Bousso LONDON, June 16 (Reuters) – Deepwater oil projects and complex gas facilities worth around $200 billion have been cancelled or put on hold worldwide in recent months due to […]

Shell-led B.C. LNG project nears environmental approval

BRENT JANG: KITIMAT, B.C. — The Globe and Mail: Published Tuesday, Jun. 16, 2015: Last updated Wednesday, Jun. 17, 2015 Shell and BG Group PLC announced plans in April to merge, sparking speculation that the combined entity will focus on Kitimat while placing BG’s Prince Rupert LNG project on the back burner. A liquefied natural gas consortium led by Royal […]

Shell-BG $70 billion deal crosses key milestone with U.S. clearance

Shell-BG $70 billion deal crosses key milestone with U.S. clearance LONDON | BY RON BOUSSO: Tuesday Jun 16, 2015  U.S. regulators have given the green light for Royal Dutch Shell’s (RDSa.L) proposed $70 billion acquisition of British rival BG Group (BG.L), the first clearance for the biggest deal in the energy sector in over a decade. […]

Shell-BG deal gets U.S. antitrust OK

Article by Jordan Blum published June 16, 2015 by The Houston Chronicle Shell-BG deal gets U.S. antitrust OK Federal Trade Commission decides to waive antitrust waiting period; other nations plan to examine deal Photo: Christophe Morin /GT Royal Dutch Shell said Tuesday that its planned $70 billion acquisition of British gas giant BG Group has cleared its […]

ACCC kicks of inquiry into Shell’s BG Group takeover

ACCC kicks of inquiry into Shell’s BG Group takeover Angela Macdonald-Smith: Energy Reporter:Published 12 June 2015 The national competition watchdog has kicked off an examination of Royal Dutch Shell’s proposed $90 billion takeover of BG Group, with the focus set to land on the impact of further consolidation on the east coast market where manufacturers are already struggling […]

Royal Dutch Shell stock has fallen by over 26% in the last year

By: MICHEAL KAUFMAN: Published: Jun 10, 2015  The stock for Royal Dutch Shell Plc. (ADR) (NYSE:RDS.A) has fallen by over 26% in the last one year. The S&P 500 during the same period rose by 6.71%. The decline in the stock prices of energy companies has been a norm. Over the last one year, crude oil […]

BG deal disguises a hole in Shell’s financial projections

The market is having one of its periodic anxiety attacks about Big Oil.  BG deal disguises a hole in Shell’s financial projections and the dividend is not sustainable. Shell shares have slumped by 14%. sort of yield may not come again. FULL FT ARTICLE:  5 June 2015 (WITH WORKING LINKS) Like this:Like Loading…

Will China’s Ministry Of Commerce Block Shell-BG Deal?

Jun. 4, 2015 3:15 PM ET Will China’s Ministry Of Commerce Block Shell-BG Deal? Summary Shell-BG deal is likely to face most scrutiny in China. MOFCOM is likely to approve the merger with conditions. These conditions could involve both structural and behavioral remedies. Ever since Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) announced to acquire BG Group’s […]

Woodside muscling onto BG-Shell turf with global LNG push

Woodside muscling onto BG-Shell turf with global LNG push PARIS, JUNE 4 | BY OLEG VUKMANOVIC Australia’s Woodside Petroleum is expanding its liquefied natural gas (LNG) business and aims to build a global supply network ahead of an expected surge in trading of the fuel, its chief executive said in an interview. Peter Coleman said […]

Shell takeover deal may face local resistance

Article by Matt Chambers, published 3 June 2015 by The Australian Business Review under the headline: Shell takeover deal may face local resistance Australian regulators are shaping up as one of the major hurdles for Royal Dutch Shell’s friendly $91 billion takeover of BG Group, with analysts tipping coal-seam gas sales may be needed for Shell’s […]

Big Oil’s Plan to Become Big Gas

Article by Rakteem Katakey published 2 June 2015 by Bloomberg.com Shell CEO Ben Van Beurden…. said his company has changed from “an oil-and-gas company to a gas-and-oil company.” Oil companies that have pumped trillions of barrels of crude from the ground are now saying the future is in their other main product: natural gas, a fuel they’re […]

European Big Oil Opens Schism on Climate With U.S. Rivals

Article by Tara Patel and Javier Blas published 1 June 2015 by Bloomberg.com  The heads of Europe’s largest oil and gas companies joined together for the first time to call for governments to agree on carbon pricing at a United Nations climate summit, opening a schism with their American rivals. “It’s clear that the subject isn’t viewed in the […]

Shell and BP call for international carbon pricing deal

Oil majors are pushing for scheme to limit emissions as they face growing criticism surrounding global warming By Andrew Critchlow, Commodities editor: 01 Jun 2015 Europe’s biggest oil companies, including Royal Dutch Shell and BP, have written an open letter calling for a binding global system of carbon trading in a bid to head off climate […]

Royal Dutch Shell, BP plc Seek UN Support Over Carbon Pricing

By: MICHEAL KAUFMAN: Published: Jun 1, 2015 Major oil exploration and production companies in Europe are coming together to seek the United Nations’ support for the first time, in putting forward a plan that will apply brakes to global warming. As pressure mounts on oil companies over concerns of climate change, company executives have moved […]

LNG industry faces short-term glut but long-term opportunity

Article by Chris Tomlinson published May 28, 2015 by The Houston Chronicle under the headline: LNG industry faces short-term glut but long-term opportunity The Methane Nile Eagle liquefied natural gas (LNG) ship, part of of BG Group Plc’s core fleet of LNG vessels. Royal Dutch Shell Plc agreed to buy BG Group Plc for about 47 billion […]

Shell-BG Group Deal Faces Hurdle From Chinese ‘Black Box’ Regulator

By: MICHEAL KAUFMAN: Published: May 29, 2015 Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) deal to acquire the UK-based BG Group (OTCMKTS:BRGYY) that is already at a risk of facing numerous obstacles, including volatility in the crude oil prices and a risk of a competitor outbidding Shell’s bid. Meanwhile, when the deal is already hovering around such […]

Shell Elects Huibert Vigeveno To Lead BG Group Merger

By: MICHEAL KAUFMAN: May 29, 2015  European oil giant Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) has elected the head of its Chinese operations to lead the company’s planned merger with UK-based natural gas company, BG Group Plc (ADR) (OTCMKTS:BRGYY), as it seeks approval from regulatory authorities in several countries. Earlier this week, the oil company told […]

Shell Names China Boss To Key BG Merger Post

Huibert Vigeveno is to lead the integration of FTSE-100 giants Shell and BG after their mega-merger, Sky News learns. By Mark Kleinman, City Editor: Thursday 28 May 2015 The head of Royal Dutch Shell’s operations in China is to spearhead the oil major’s integration with BG Group as the industry’s biggest-ever takeover inches forward. Sky News […]

Shell faces what amounts to an almost existential crisis

Analysts Downgrade Troubled Shell Given Mornigstar’s view that long-term oil prices will be well below $100 going forward, we don’t believe Shell’s has a lasting competitive advantage over its peers Stephen Simko, CFA 27 May, 2015 Shell (RDSB) faces what amounts to an almost existential crisis: even when oil prices were $100 its portfolio was […]

Oil Majors Falling Out Favor With This Hedgefund Boss

By Andy Tully: Posted on Tue, 26 May 2015 Huge oil companies, among the largest businesses in the world, don’t excite hedge fund manager Jim Chanos because today they have to work harder and more inefficiently than ever to bring their products to market. “[W]e’re just seeing that … these guys like Exxon and Chevron and […]

Shell’s Fatal Mistake In Buying BG Group?

When Shell announced that it was planning to buy BG Group last month, opposition to the deal started to build immediately.  By Rupert Hargreaves – Tuesday, 26 May, 2015 Extracts I’m always on the lookout for companies that are not acting in the best interests of shareholders. Indeed, as shareholders are ultimately owners of the businesses they invest […]

Why Shell’s $73 Billion Merger Could be Cheating Dividend Investors

By Adam Galas: May 21, 2015 Royal Dutch Shell‘s (NYSE: RDS-A  ) $73 billion buyout of BG Group (NASDAQOTH: BRGYY  ) would be the second-largest oil merger in history, but long-term Shell investors should be asking whether the company overpaid. In examining the terms of the deal, and what Shell plans to do with BG’s assets, I think […]

Shell, climate change and a question of reality

By John Donovan Royal Dutch Shell CEO Ben van Beurden is said to have lambasted fossil fuel critics at the Shell AGM yesterday, accusing them of ignoring reality. Two days earlier, Terry Macalister of The Guardian, who has always been scrupulously fair in his comments and reporting in relation to Shell, seemed to suggest that it is Mr […]

Sultan of Oman Spying On Shell

By John Donovan Interesting to read the allegations that the Sultan of Oman’s intelligence services are spying on Shell. More specifically, the local operations of Shell involving the JV company, Petroleum Development Oman (PDO). This information is unsurprising given the content of leaked secret cables from the US Embassy in Muscat published by WikiLeaks in December 2010, suggesting a degree […]

Why Shell May Get Less Than It Bargained For In BG Deal

By Andy Tully: Posted on Tue, 19 May 2015  Royal Dutch Shell’s $70 billion purchase of BG Group may not be as attractive as it once seemed. According to BG’s 2014 annual report, if British-based BG were to be taken over by another company, the government of Kazakhstan would have the right to buy BG’s 29.25 […]

Rotten Growth Prospect: Royal Dutch Shell Plc

3 Stocks With Rotten Growth Prospects: Royal Dutch Shell Plc, Tesco PLC And Centrica PLC By Royston Wild – Tuesday, 19 May, 2015 Today I am looking at three stock market terrors poised to endure extended earnings woe. Royal Dutch Shell Fossil fuel colossus Shell (LSE: RDSB) (NYSE: RDS-B.US) has grabbed the headlines again over […]

Shell agrees to sell its French LPG business

Posted on May 19, 2015 | By Jordan Blum Shell agrees to sell its French LPG business Royal Dutch Shell has agreed to sell its liquefied petroleum gas subsidiary in France for more about $520 million as the Dutch energy supermajor continues its efforts to sell off its LPG businesses worldwide. Shell, which is increasingly […]

The real story behind Shell’s climate change rhetoric

The real story behind Shell’s climate change rhetoric Terry Macalister: 17 May 2015  …we reveal Shell’s pursuit of ever riskier reserves is at odds with its own forecasts for dangerous global warming “Meanwhile, a recent, seismic corporate event put even greater distance between Van Beurden’s words and reality.” FULL ARTICLE Like this:Like Loading…

Shell Deal Puts BG Gas Holding at Risk

Shell Deal Puts BG Gas Holding at Risk By SELINA WILLIAMS: May 17, 2015  LONDON—Buried deep in BG PLC’s annual report is a little-noticed risk for its $70 billion merger with Royal Dutch Shell PLC: The deal could cost Shell a huge Kazakhstan gas field. SOURCE Like this:Like Loading…

Petrobras scandal looms large in Shell’s plan to buy BG Group

As Royal Dutch Shell seeks to finalise its £55bn takeover of smaller UK-based rival BG Group, it will be closely watching the situation at Petrobras, Brazil’s state-controlled oil company that is engulfed in scandal. FULL ARTICLE WITH WORKING LINKS Like this:Like Loading…

Shell considers small North America energy deals even after BG

Shell considers small North America energy deals even after BG Deals | Thu May 14, 2015 12:58am BST Royal Dutch Shell Plc (RDSa.L) will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc (BG.L), Marvin Odum, director of Shell’s Americas […]