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Posts under ‘China’

Oil price: five reasons why oil has re-entered a bear market

The oil price has fallen by more than a fifth since it hit a year-high of $69.63 a barrel in May Jul 8, 2015 Oil re-entered a bear market yesterday as the price for Brent Crude, the international benchmark, recorded its largest one-day loss since February. On Monday, the oil price fell by six per […]

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 […]

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 […]

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 […]

BP sees ‘tectonic shift’ in world energy production

BP sees ‘tectonic shift’ in world energy production Oil giant’s chief economist says energy consumption slowed dramatically last year as China cutback and Opec battled US shale drillers for supremacy of world markets By Andrew Critchlow, Commodities editor:10:00AM BST 10 Jun 2015 Global energy consumption slowed to its slowest rate of growth since the late […]

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 […]

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 […]

Prices Are Down, but Saudis Keep Oil Flowing

Article by CLIFFORD KRAUSS and STANLEY REED published 1 June 2015 in the New York edition of The New York Times under the headline Prices Are Down, but Saudis Keep Oil Flowing HOUSTON — The international cartel of oil producers has long followed the same basic strategy. When the market was soft, the group slashed production […]

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 drilling may spur Arctic resource race

Colin Chilcoat, Oilprice.com: May 27, 2015 In a few short months Shell will (re)enter the Chukchi Sea, between Alaska and Russia. The oil and gas major still awaits approval from a number of state and federal agencies, but in early May the company received the consent of the Obama administration to explore the remote Arctic sea […]

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 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 […]

U.S. Maps Pinpoint Earthquakes Linked to Quest for Oil and Gas

“Predicting risk is also hard, the report noted, because there is no scientific consensus on just how powerful such quakes can be. The report estimated the effects of shocks up to magnitudes 6 and 7, while noting that some scientists have speculated that the catastrophic 7.9-magnitude earthquake in China in 2008 was caused by human […]

How Will Exxon Mobil Fare After The Shell-BG Deal?

SeekingAlpha.com article published 13 April 2015 How Will Exxon Mobil Fare After The Shell-BG Deal? Summary It seems as though Exxon Mobil could be the next integrated oil company in line to announce a merger. According to Credit Suisse, it is possible that Shell, post-merger, could surpass Exxon Mobil as the largest publicly traded producer […]

Kashagan to Start Production in 2017, Says Royal Dutch Shell Report

BY MICHELLE WITTE in BUSINESS on 13 APRIL ASTANA – Production at Kazakhstan’s giant Kashagan offshore oil field is expected to restart in 2017, Royal Dutch Shell stated in its 2014 annual report. “After the start of production from the Kashagan field in September 2013, operations had to be stopped in October 2013 due to […]

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 Acquisition of BG Group to Create Giant Operator of LNG Ships

LONDON –  Royal Dutch Shell PLC’s (RDS.A) planned $70 billion acquisition of BG Group PLC would create a giant operator of liquefied-natural-gas vessels, offering owners that charter the ships more opportunities for lucrative, long-term contracts in an otherwise-depressed shipping industry. “The merger offers owners more flexibility and better utilization of their fleets, which could mean […]

Is Royal Dutch Shell Up For The Challenge?

By: MICHEAL KAUFMAN: Published: Apr 10, 2015 at 10:33 am EST he energy sector’s mega deal between Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) and BG Group Plc (ADR) (OTCMKTS:BRGYY) is now under close scrutiny by China and other countries, as well as by investors. When asked about the details of regulatory concerns, both parties refused to […]

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, […]

Iran riches coveted by big oil after decades of conflict

Extracts from a Bloomberg article published 31 March 2015 Iran riches coveted by big oil after decades of conflict Now, as Iran and the US enter 11th hour negotiations to reach a nuclear deal and ease sanctions, the West Asian country is emerging again as a potential prize for western oil companies such as BP, […]

Non-U.S. Shales Prove Difficult to Crack

By JUSTIN SCHECK and SELINA WILLIAMS: WALL STREET JOURNAL March 18, 2015 11:20 p.m. ET Exxon, Shell and others are pulling back from once-promising shale finds in Europe, Asia After spending more than five years and billions of dollars trying to re-create the U.S. shale boom overseas, some of the world’s biggest oil companies are starting […]

SEC continuing to scrutinise Shell’s claimed oil reserves

By John Donovan A letter emailed to Royal Dutch Shell Plc Chief Executive Officer, Ben van Beurden, on 23 Oct 2014, from the U.S. Securities & Exchange Commission, asked why Shell had omitted to supply in a Form 20-F filing, figures for Shell’s share of Kashagan proved undeveloped reserves. Shell’s partners in the much troubled Kashagan oil […]

Who Will Rule the Oil Market?

OPINION ARTICLE BY DANIEL YERGIN PUBLISHED IN PRINT BY THE NEW YORK TIMES ON SATURDAY 25 JAN 2015 WASHINGTON — A HISTORIC change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the […]

BP sees $50 oil for three years

BP can’t be immune to the upheaval. Today its job announcement is focused on the UK. But it won’t be long till it announces staff reductions in Houston, another of its important centres. Robert Peston article published by BBC News 15 Jan 2015 BP sees $50 oil for three years BP’s job announcement later today, […]

Oil prices down by almost 50%

From an article published by Bloomberg News Friday 2 Jan 2015 Oil dropped to the lowest in more than five and a half years amid growing supply from Russia and Iraq and signs of manufacturing weakness in Europe and China. Oil output in Russia and Iraq surged to the highest levels in decades in December, […]

Many predicting oil prices as low as $40 per barrel

With the oil market appearing set to endure worsening fundamentals over the next few years at least, shareholders could see dividends at Shell come under severe pressure once again. FROM AN ARTICLE BY ROYSTON WILD PUBLISHED BY THE MOTLEY FOOL ON MON 15 DEC 2014 Headline: Is Royal Dutch Shell Plc Really Robust Enough To […]

Why Is Shell Divesting Stake In China Lubricants Business

By: MICHEAL KAUFMAN Published: Dec 12, 2014 at 10:05 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has announced plans to sell off stake in the Tongyi oil lubricants joint venture. The company holds a 75% stake in the lubricant firm, while the remaining 25% stake is held by Huo Zhenxiang, the founder of the […]

EXXONMOBIL TAKE ON GLOBAL ENERGY OUTLOOK

By: MICHEAL KAUFMAN Published: Dec 10, 2014 at 10:02 am EST Exxon Mobil Corporation(NYSE:XOM) revealed its annual energy outlook yesterday and maintained its stance despite the fact that crude price has declined 40% since its peak in late-June. This has resulted in energy companies slashing down their capital spending plans and slowing down growth in […]

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 […]

Big oil is exposed to falling prices who can survive?

BRENT CRUDE PRICES HAVE SLUMPED SINCE PEAKING AT $115 IN JUNE By John Donovan The news media is waking up to the potential seismic impact on big oil from falling oil prices. Our headline – “Big oil is exposed to falling prices who can survive?” – is taken from an article by John Ficenec published […]

Oil price slump to hit majors’ earnings

WEDNESDAY 22 OCTOBER 2014 Reuters is reporting that oil companies have seen billions wiped off their stock market values as crude prices dropped over the past four months by 25 percent to a four-year low near $85 a barrel, due to slowing global demand particularly in China and ample supplies. Shares of BP, Royal Dutch […]

Mixed Signals between China National Petroleum Corp and Shell

The comment refuted media reports that Shell senior executives had showed signs of wanting to cut the company’s expenditures on the project many times… China National Petroleum Corp (CNPC) said it was not informed that its Dutch partner would downsize the investment on their jointly explored shale gas project in Southwest China’s Sichuan Province, Shanghai-based […]

Royal Dutch Shell News Thursday 11 Sept 2014

By John Donovan The US and EU are ready to impose new sanctions on Russia arising from events in Ukraine. See extract from a fuelfix.com article published under the headline: “Sanctions threaten Putin’s oil deals with Exxon Mobil, Shell” Other vulnerable international operators include Royal Dutch Shell, the world’s second-largest energy company by market value. Multiple investments […]

Royal Dutch Shell Plc News Roundup Sat 4 Sept 2014

Royal Dutch Shell Plc CEO Ben van Beurden says he can’t deny returns are too low By John Donovan Mixed fortunes for Shell in the last few days.  Ben van Beurden says he can’t deny returns are too low Royal Dutch Shell CEO Ben van Beurden has admitted to the Wall Street Journal that he […]

President Obama Scuttling the good ship UNITED STATES OF AMERICA

By John Donovan I am a UK citizen and therefore have no say in US politics.  I am just an observer who has travelled extensively in the USA over many decades and as a result grew to love America and its people.  President Obama seems like a thoroughly nice man with a lovely family. That’s the positive […]

Shell sails ahead without UK shale

Extracts from an article by Andrew Critchlow published in The Sunday Telegraph on 6 July 2014 Shale gas is likely to play an increasingly important role in powering Britain’s growth but don’t expect the country’s largest oil and gas company, Royal Dutch Shell, to help create a fracking-led energy revolution. Andrew Brown, director of upstream international […]

Pipeline problems cloud Kashagan oil outlook

Extract from a Geoff Hiscock article published by The Australian on 2 July 2014 A YEAR ago, one of the world’s biggest oil and gas projects, the massive Kashagan field in Kazakhstan’s part of the Caspian Sea, was on the verge of starting production after more than a decade of development and US$40 billion in […]

Making Shell more palatable as an acquisition target?

From a regular contributor I think the Ho Ho line may be one of the assets being sold as part of the IPO announced today. http://royaldutchshellplc.com/2014/03/08/shell-says-ho-ho-pipeline-shut-after-leak-in-texas/  Document filed with United States Securities and Exchange Commission 18 June 2014 On another subject completely….the Chinese have done a large scale LNG deal with BP and at the […]