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Posts under ‘BG Group’

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 […]

Shell BG £55bn merger could still fall apart.

By Rupert Hargreaves – Wednesday, 13 May, 2015 BG (LSE: BG) and Royal Dutch Shell’s (LSE: RDSB) mega-merger is the largest deal the oil & gas sector has seen for some time. However, the combination isn’t a done deal just yet.  There are still many kinks to iron out, and the deal has to get the green light […]

JDA Agreement on Shell and BG Websites

JDA Agreement on Shell and BG Websites THE HAGUE, Netherlands, May 13, 2015 /PRNewswire/ — NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION  Availability of Agreement on Websites of Shell and BG  […]

Shell to Add Firepower to BG Assets in East Africa LNG Race

Article by Paul Burkhardt published 12 May 2015 by Bloomberg.com Royal Dutch Shell Plc’s $70 billion takeover of BG Group Plc will put Europe’s largest energy company in the middle of East Africa’s race to export natural gas and is set to boost the chances of Tanzania becoming a major supplier. The acquisition would include stakes in […]

BG staff must compete for jobs after Shell takeover, says boss Helge Lund

By Andrew Critchlow, The Telegraph Commodities Editor: Article Published 9:53PM BST 10 May 2015 BG Group chief executive Helge Lund speaks exclusively to Andrew Critchlow about his plans to prepare the company for its mega takeover by Shell When BG Group hired Helge Lund as the company’s new chief executive late last year it came at […]

North Sea production plunges at oil and gas giant BG

Saturday 9 May 2015 BG Group has reported a near 40 per cent fall North Sea production amid disruptions caused by repairs and maintenance work. The oil and gas firm, which has recommended a £47bn bid from Shell, produced 77,000 barrels oil equivalent per day in the UK in the first quarter. This was down […]

Helge Lund urges Shell to integrate BG employees based on merit

Helge Lund, chief executive of BG Group, has urged Royal Dutch Shell to adopt a “merit-based” selection process in integrating the thousands of employees whose jobs could be at risk following the Anglo-Dutch giant’s £55bn takeover offer for its smaller UK energy rival. FULL FT ARTICLE Like this:Like Loading…

Shell BG Group Merger Slammed

By: MICHEAL KAUFMAN: Published: May 8, 2015 The massive plunge in crude oil prices has seen a growing trend of merger activities in the oil and gas sector. Recently, Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) finalized its $70 billion merger deal with BG Group plc. (ADR) (OTCMKTS:BRGYY). The lower crude oil prices pose an ideal time […]

BG says still happy with Shell bid as oil price rise boosts LNG

BG says still happy with Shell bid as oil price rise boosts LNG By Karolin Schaps:Fri May 8, 2015  May 8 (Reuters) – BG Group said on Friday it was still happy with Shell’s $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for […]

BG Group’s profits gush ahead of forecasts

BG Group’s profits gush ahead of forecasts: 8 May 2015 UK energy company BG Group has reported forecast-busting quarterly earnings, as it prepares for a £55bn takeover by larger rival Royal Dutch Shell. SOURCE RELATED BG Group’s profits slide ahead of Shell deal: RTE NEWS: Friday 8 May 2015 British energy firm BG Group, facing a […]

Jim Chanos just delivered a presentation slamming a $70 billion energy deal people have been swooning over

Jim Chanos just delivered a presentation slamming a $70 billion energy deal people have been swooning over By Linette Lopez: 7 May 2015 Last month, when the news broke that Royal Dutch Shell was in talks to buy British energy company BG Group, the market gave it the normal golf clap that it gives to […]

Shell share price: boss to present BG merger case to China regulators

Article by Veselin Valchev published Wednesday, 06 May 2015 by invezz.com Shell share price: boss to present BG merger case to China regulators Ben van Beurden on tour to win authorities’ approval for £47bn deal Royal Dutch Shell Plc’s (LON:RDSA) chief executive Ben van Beurden is scheduled to visit China this week, in what analysts say is […]

FINANCIAL TIMES One is seen as a sprawling behemoth, the other a nimble buccaneer. For fans of a “small is beautiful” approach to oil and gas exploration, there appears little to love in Royal Dutch Shell’s proposed £55bn takeover of BG Group. FULL FT ARTICLE RELATED FT LINKS On this story Speed of Shell’s swoop […]

Shell Chief Visits China to Win Backing for $70 Billion BG Deal

Article by Rakteem Katakey published 6 May 2015 by Bloomberg.com The biggest obstacle to Royal Dutch Shell Plc’s $70 billion offer for BG Group Plc probably lies in China. Shell Chief Executive Officer Ben Van Beurden visits the country this week to convince officials that the combination of two large oil and gas producers poses little risk […]

Shareholder rebels give BG Group a shock over boss Helge Lund’s £31m pay deal

Shareholder rebels give BG Group a shock over boss Helge Lund’s £31m pay deal By LAURA CHESTERS FOR THE DAILY MAIL PUBLISHED: 00:20, 6 May 2015 | UPDATED: 00:20, 6 May 2015 BG Group faced a rebellion against boss Helge Lund’s massive pay deal after nearly one in five shareholders at the oil and gas […]

BG chief welcomes $70 billion Shell offer with ‘mixed emotions’

  Ben van Beurden, CEO of Royal Dutch Shell, left, shakes hands with the Chairman of BG group Andrew Gould during the press conference announcing Royal Dutch Shell had agreed to buy British Gas for $70 Billion.  BG chief welcomes $70 billion Shell offer with ‘mixed emotions’ Tuesday May 5, 2015  (Reuters) – BG (BG.L) […]

Refining Saves The Day For Exxon and Shell

By Andy Tully: Posted on Sun, 03 May 2015 The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected. Related: Key Signals That Oil Prices Are On The Up Profits for Shell, […]

Royal Dutch Shell Signs New Loan Deal To Finance BG Group plc Takeover

By: MICHEAL KAUFMAN: Published: May 2, 2015 at 10:22 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has entered an agreement for a bridge loan of $15.2 billion (10.07 billion GBP), the company said on Friday. The new credit facility will replace a $4.6 billion (3.025 billion GBP) interim loan, which was obtained last month from […]

Shell signals it will accelerate retreat from the North Sea

Article by Mark Williamson published Friday 1 May 2015 Shell signals it will accelerate retreat from the North Sea THE finance chief of Royal Dutch Shell has signalled the oil and gas giant will accelerate its retreat from the North Sea, saying the area faces a difficult future unless costs and uncertainties are reduced. Simon […]

Shell’s Simon Henry won’t rule out write-down on Arrow LNG in Queensland

Article by Angela Macdonald-Smith: Energy Reporter, The Sydney Morning Herald: 1 May 2015 Royal Dutch Shell has declined to rule out a write-down of its multibillion-dollar investment in its Arrow Energy natural gas venture in Queensland, depending on decisions taken to develop the gas after the oil major’s $US92 billion ($116.62 billion) takeover of BG Group. Chief […]

Shell defends BG takeover as oil trading helps it overcome slump in crude price

BY MARCUS LEROUX: FRIDAY 1 MAY 2015 Royal Dutch Shell’s main investors have questioned the oil company’s £45 billion takeover of BG Group, the company conceded yesterday. As it announced first-quarter results that beat even the most optimistic of City forecasts, Shell said that it had visited most of its main shareholders to explain the […]

Shell signs $15.3 billion bridge loan

(Reuters) – Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of relationship banks backing its 47 billion pound takeover of smaller rival BG Group (BG.L), the company announced on Friday. The two-year loan replaces a 3.025 billion pound interim bridge loan that was provided in early […]

Shell cuts 2015 capex, sees downstream downturn

Shell cuts 2015 capex, sees downstream downturn London (Platts)–30 Apr 2015 * Capex reduced by more than $2 billion * Decision on Majnoon development pushed back to 2017 * CFO says refining margins already worsening Shell said Thursday it had reduced its expected 2015 capital expenditure to $33 billion from previous guidance of a little […]

Royal Dutch Shell profits slump as oil price slide puts energy giant on back foot ahead of mega-merger with BG

Earnings dropped steeply from $7.33billion last year to $3.25billion Company hopes oil prices will rise to $90 a barrel by 2018  By MARK SHAPLAND FOR THIS IS MONEY: 30 April 2015 Oil giant Royal Dutch Shell has reported a near 60 per cent slump in first quarter profits after it was hit by the fall […]

Royal Dutch Shell Plc CEO Statement

STATEMENT BY ROYAL DUTCH SHELL PLC CEO, BEN VAN BEURDEN: 30 April 2015 “Our results reflect the strength of our integrated business activities, against a backdrop of lower oil prices. Meanwhile, in what is clearly a difficult industry environment, we continue to take steps to further improve competitive performance by redoubling our efforts to drive […]

Shell profits beat expectations on refining boost

Shell profits beat expectations on refining boost: Business | Thu Apr 30, 2015 7:26am BST (Reuters) – Royal Dutch Shell on Thursday reported a lower than expected 56 percent drop in first quarter net income at $3.2 billion (2 billion pounds), as refining and trading profits offset a decline in earnings from oil and gas […]

Can Shell Afford To Drill In The Arctic?

By Charles Kennedy: Wed, 29 April 2015 How can Shell possibly finance the purchase of BG? Royal Dutch Shell is set to report its first quarter earnings, and by all accounts, it will be a doozy. Analysts predict a 60 percent decline in earnings from a year earlier, including a massive 7 percent fall in production. […]