Royal Dutch Shell plc .com Rotating Header Image

Posts under ‘Bloomberg’

Market Rout

Oil’s slump has been brutal. More than half a trillion dollars of value has been wiped from the five biggest international oil companies — Exxon, Shell, Chevron, Total and BP — since mid-June last year. Rakteem Katakey: August 26, 2015: BLOOMBERG.COM Shares of the largest oil companies have slumped so low it suggests investors expect […]

Iran to Raise Oil Output ‘at Any Cost’ to Defend Market Share

U.S. benchmark West Texas Intermediate crude fell to less than $40 a barrel for the first time in more than six years in New York trading on Friday. Anthony Dipaola and Hashem Kalantari: BLOOMBERG.COM: 23 AUGUST 2015 Iran plans to raise oil production “at any cost” to defend the country’s market share and joins calls for […]

Shell Returns to Swiss Bond Market With Increased Debt Offering

AUG 17, 2015 – 17:00 (Bloomberg) — Royal Dutch Shell Plc sold bonds in the Swiss currency for the first time since 2006, increasing the offer to more than 1.3 billion francs ($1.3 billion) on strong demand. The oil giant issued 800 million francs of notes due in August 2023 and 525 million francs of […]

U.S. Puts Russian Gas Field Off Limits as Sanctions Tighten

The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools and expertise, potentially disrupting Royal Dutch Shell Plc’s plans… Stephen Bierman, Elena Mazneva and Joe CarrollL BLOOMBERG.COM: 7 AUGUST 2015 The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools […]

Why Native Alaskans Support Shell’s Arctic Drilling

by Paul Barrett: August 6, 2015: BLOOMBERG.COM Activists trying to stop Shell’s offshore oil drilling in the U.S.’s Arctic Ocean region invoke the interests of native Alaskans. “These communities depend on this environment for food and resources and have stewarded it for centuries,” Greenpeace says, as part of its “The People vs. Shell” campaign—what the group […]

Chevron Corporation, Royal Dutch Shell Plc & Other Oil Co.s Have Lost $1.3 Trillion Since Last Year

By: MICHEAL KAUFMAN: Aug 5, 2015 As the global benchmark of crude, Brent currently hovers around $50 per barrel. Meanwhile, the oil and gas industry has lost $1.30 trillion of its value this year, and this eroded value equals the annual gross domestic product (GDP) of Mexico. The combined market capitalization of 157 listed oil and […]

Inside Shell’s Extreme Plan to Drill for Oil in the Arctic

by Paul Barrett and Benjamin Elgin: 5 August 2015: BLOOMBERG.COM Protesters near the Polar Pioneer.: Photographer: Keri Coles/Greenpeace In a windowless conference room in Anchorage, a dozen Royal Dutch Shell employees report on the highest-profile oil project in the multinational’s vast global portfolio. Warmed by mid-July temperatures, Arctic ice in the Chukchi Sea, northwest of the Alaskan mainland, […]

Shell to Strengthen Russian Hand Through Gazprom Asset Swap

by Rakteem Katakey: August 3, 2015: BLOOMBERG.COM Royal Dutch Shell Plc will swap a stake in one of its international energy assets for part of Gazprom PJSC’s Sakhalin-3 project as Europe’s biggest oil company extends ties with Russia. The companies are discussing which asset would be offered to Gazprom, Shell Chief Executive Officer Ben Van Beurden […]

Shell Sells Japan Refiner Stake for $1.4 Billion to Idemitsu

by Tsuyoshi Inajima and Stephen Stapczynski: BLOOMBERG.COM: 30 JULY 2015 Royal Dutch Shell Plc agreed to sell a 33.24 percent stake in a Japanese refiner to Idemitsu Kosan Co. for about 169 billion yen ($1.4 billion). The deal for 125.3 million shares in Showa Shell Sekiyu KK is almost 23 percent more than the closing price Wednesday, […]

Shell to Cut 6,500 Jobs, Reduce Investment by $7 Billion

By Rakteem Katakey: July 30, 2015″ BLOOMBERG.COM Royal Dutch Shell Plc, the oil producer buying BG Group Plc for more than $70 billion, said it plans to cut 6,500 jobs this year and reduce capital investment by $7 billion. Shell is planning for a “prolonged downturn,” the company said Thursday in a statement. Its dividend commitment […]

Shell U.S. Unit May Drop ‘Oil’ From Name in Sign of Times

by Gerrit De Vynck: 9 July 2015 The U.S. unit of Royal Dutch Shell Plc may soon drop the word “oil” from its name in a move that would symbolize its transition to other sources of energy, an executive said. With Shell Oil Co.’s parent focusing more on natural gas and looking at other energy […]

BP Pays Record $18.7 Billion to Settle Claims in Gulf Oil Spill

By Margaret Cronin Fisk, Laurel Brubaker Calkins and Del Quentin Wilber: July 2, 2015 1:13 PM BST BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill. The payments will be spaced out over as long as […]

Shell Executives Visit Tehran for Projects If Sanctions End

by Javier Blas 24 June 2015 Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done. The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. […]

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 […]

Shell Arctic Approval Near as Regulator Sees No Show Stopper

Bloomberg.com article by Mark Drajem published 16 June 2015 Royal Dutch Shell Plc has received U.S. permission to disturb marine mammals as part of its plan to resume oil exploration off Alaska’s Arctic coast as it neared final sign-off from regulators to drill this summer. The last step in the process, approval of a specific drilling […]

Shell Gets U.S. Permit to Disturb Marine Life Off Alaska’s Coast

Bloomberg.com article by Mark Drajem: June 16, 2015 Royal Dutch Shell Plc received U.S. approval to disturb marine mammals as part of its plan to resume oil exploration off Alaska’s Arctic coast. The National Oceanic and Atmospheric Administration issued an “incidental harassment authorization,” which allows noise from air guns, icebreaking, drilling and anchor handling. The June […]

U.S. Ousts Russia as Top World Oil, Gas Producer

Article by Rakteem Katakey published 10 June 2015 by Bloomberg.com The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a record last year, gaining 1.6 million barrels a day, according […]

Groningen Gas Production Cut Due to Earthquakes

Article by Isis Almeida published 5 June 2015 by Bloomberg.com A proposed reduction in natural gas output at Groningen in the Netherlands, Europe’s biggest field, will probably be limited by the nation’s ability to convert imported fuel into the right quality for domestic use, GasTerra BV said. Groningen production needs to be about 33 billion cubic […]

Shell, BP Openly Admit Iran Interest on Possible Atomic Deal

Article by Javier Blas and Angelina Rascouet published 3 June 2015  by Bloomberg.com European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the country over its nuclear program. Leaders of Royal Dutch Shell Plc, BP Plc and Total SA all said Wednesday they were ready […]

Shell CFO Expects Oil Rebound as Shale Fails to Fill Supply Gap

Article by Firat Kayakiran and Jonathan Ferro published 3 June 2015 by Bloomberg.com Royal Dutch Shell Plc sees oil prices increasing because supply from shale drilling in the U.S. won’t be enough to meet increasing global demand. The industry needs to find an additional 4 million barrels to 5 million barrels a day of supply every year to […]

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 […]

OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated

by Grant Smith and Maher Chmaytelli: Bloomberg.com: 27 May 2015 When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side. Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the […]

Dutch Court to Review Gas Output in Part of Groningen Field

By Isis Almeida and Elco Van Groningen: Published 21 May 2015 by Bloomberg.com A Dutch court will review natural gas production at a cluster of the Groningen field, Europe’s biggest, after earthquakes linked to extraction damaged buildings in the Netherlands’ most northern province. The Administrative Jurisdiction Division of the Council of State will review production at the […]

Obama Seeks Oil Demand, Climate Balance With Shell Arctic Permit

Article by Rakteem Katakey published 18 May 2015 by Bloomberg.com U.S. President Barack Obama is balancing the need to meet oil demand and concerns about climate change as his government considers final approvals for Royal Dutch Shell Plc’s Arctic drilling plans, according to a state department official. “If you go up to Alaska and speak to many […]

Oil Company Spooks: BP Appoints Britain’s Former Chief Spy to Board

14 MAY 2015 BP Plc, the former state-owned oil company with operations from Russia to Iraq, appointed the retired chief of Britain’s overseas spying network as a board member. John Sawers was head of the MI6 service until November 2014. Oil company involvement with spies is nothing new.  On 17 June 2001, The Sunday Times published […]

Why is Shell steaming toward risk with oil at $65 a barrel?

By Eric Roston published 16 May 2015 by Bloomberg.com In December 1979, in the wake of the Iranian revolution and the oil price shock, executives from the biggest energy companies converged on Fairbanks for an auction of leases to drill in Alaska’s Beaufort Sea. Oil was nearing a then-record $29 a barrel. “This is the hottest area in […]

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 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 […]

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 […]

UK government could step in to stop a BP takeover as rumours swirl off possible US interest in wake of Shell deal for BG Group

UK government could step in to stop a BP takeover as rumours swirl off possible US interest in wake of Shell deal for BG Group By LAURA CHESTERS FOR THE DAILY MAIL: 27 APRIL 2015 The British government could step in to protect oil giant BP from any potential takeover amid rumours US groups ExxonMobil […]

BP Readies Defenses as Oil Industry Responds to Shell’s BG Raid

Article by Rakteem Katakey, Matthew Campbell and Dinesh Nair published 21 April 2015 by Bloomberg.com As the oil industry takes stock of Royal Dutch Shell Plc’s $70 billion move for BG Group Plc, one company has more to chew on than most. BP Plc, the U.K.’s most storied oil producer and prime mover in previous rounds of consolidation, is […]

Shell Learned Some ‘Expensive Lessons’ in Arctic, Jewell Says

Article by Harry Weber published April 20, 2015 by Bloomberg.com Royal Dutch Shell Plc learned “some very painful and expensive lessons about contractors” from its mishaps drilling in the Arctic in 2012, U.S. Interior Secretary Sally Jewell said. Shell learned how to better manage companies it relies on for critical aspects of its offshore drilling programs, Jewell […]

Shell Said to Hire Barclays to Arrange $15 Billion BG Loan

Article by Stephen Morris published 17 April 2015 by Bloomberg.com Royal Dutch Shell Plc hired Barclays Plc to help arrange a 10 billion pound ($15 billion) loan to help fund its purchase of BG Group Plc, two people with knowledge of the matter said. The short-term bridge facility will replace an existing 3 billion-pound loan provided […]

Oil CEO Wages Immune to Price Slump as Shareholders Vote on Pay

Article by Rakteem Katakey published 15 April 2015 by Bloomberg.com Ben van Beurden, Chief Executive Officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London on Jan. 29. Photographer: Chris Ratcliffe/Bloomberg Oil’s plunge has forced the world’s biggest energy producers to lay off workers and stall projects. Their chief executive […]

Dutch Court Limits Loppersum Gas Output in Groningen Region

Article by Isis AlmeidaElco and Van Groningen published 14 April 2015 by Bloomberg.com Dutch court limits fracking on earthquake fears A Dutch court suspended gas production from the Loppersum area of the Groningen natural gas field, Europe’s biggest, as earthquakes linked to production damaged homes. Loppersum, which pumps less than 10 percent of the field’s output, may […]

Dutch Court to Rule on Gas Output From Europe’s Biggest Field

Article by Isis Almeida published 13 April 2015 by Bloomberg.com The Netherlands, the biggest gas producer in the European Union, said Feb. 9 it would limit output from the field during the first half of the year, sending prices up 13 percent that week. Unrelated to the court case, the government has also said it […]

Shell’s Huge Gas Bet Underscores Big Oil’s Push to Replace Coal

Article by Javier Blas and Rakteem Katakey published 10 April 2015 by Bloomberg.com BP Plc coined the slogan “Beyond Petroleum.” The new industry mantra might be “Beyond Oil and Into Gas.” Oh, and while we’re at it, “Down With Coal.” Consider Royal Dutch Shell Plc’s recent $70 billion acquisition of BG Group Plc — clearly a huge bet […]

Could Shell-BG Deal Revive Exxon-BP Merger?

By: MICHEAL KAUFMAN: Published: Apr 9, 2015 at 8:05 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has announced an agreement to acquire UK-based BG Group plc (ADR) (OTCMKTS:BRGYY) in a massive $70 billion deal. It is one of the biggest merger and acquisition deals in the oil sector for over a decade, and could become […]