Royal Dutch Shell plc .com Rotating Header Image

Posts under ‘Daily Telegraph’

Oil market spiral threatens to prick global debt bubble, warns BIS

By Ambrose Evans-Pritchard: 6:33PM GMT 05 Feb 2016 The global oil industry is caught in a self-feeding downward spiral as falling prices cause producers to boost output even further in a scramble to service $3 trillion of dollar debt, the world’s top watchdog has warned. The Bank for International Settlements fears that a perverse dynamic is […]

BG Group posts profit ahead of Shell takeover

By Tara Cunningham, Business Reporter: 9:16AM GMT 05 Feb 2016 In its final results ahead of its landmark merger with Shell, BG Group has reported a pre-tax profit of $2.98bn, compared with a $2.3bn loss the previous year. FTSE 100-listed BG is due to be absorbed into the Anglo-Dutch giant by the middle of the month […]

Shell backs out of Malaysian refinery business

By Jillian Ambrose: Feb 2016 Royal Dutch Shell will sell a majority stake in its Malaysian refining business as part of a strategy overhaul to combat plummeting profits. The Anglo-Dutch firm said it has agreed to sell a 51pc stake in the business for $66.3m to engineering group Malaysian Hengyuan International. The latest retreat comes alongside […]

Shell shares won’t run better just because BG’s been added to the tank

Shell shares won’t run better just because BG’s been added to the tank By Ian McVeigh: 31 Jan 2016 Shell’s bid for BG received an 83pc vote in favour from its shareholders. For some time it has been apparent that Shell was irrevocably set on this course in spite of the collapse of the oil price. […]

Final green light for Shell-BG takeover

By Jillian Ambrose: 2:19PM GMT 28 Jan 2016 BG Group shareholders have voted through Shell’s £40bn takeover bid by an overwhelming majority. The widely expected final nod for the landmark energy merger was voted through with 99.55pc of BG investors in favour, ending a controversial nine month campaign by Shell to cement its new strategic direction. […]

Why the Shell-BG mega-deal was risky for the City as well as the oil giants

By Ashley Armstrong: 7:17PM GMT 27 Jan 2016 It has taken nearly 10 months, five competition regulators and 40 approvals from other global authorities. But Shell’s chief executive Ben van Beurden’s white-knuckle ride is finally drawing to a close. On Wedensday, van Beurden won overwhelming support for the £40bn takeover from his shareholders. However, his celebrations […]

Shell shareholders vote in favour of £40bn BG takeover

By Jillian Ambrose: 12:35PM GMT 27 Jan 2016 Shell shareholders have given the nod to the £40bn takeover of BG Group by a strong majority. The 83pc vote in favour of the plans paves the way for the creation of Britain’s largest public company, pending a separate vote by BG shareholders on Thursday which is widely […]

Shell confident of backing for BG takeover as crucial vote looms

By Jillian Ambrose, Ben Martin: 7:00PM GMT 23 Jan 2016 A host of the world’s largest investors are expected to back Shell’s troubled multi-billion pound takeover of BG Group this week. Shell and BG shareholders will vote on Wednesday and Thursday to approve the deal, which has been called into question by the plunge in the […]

Shell-BG merger gains support ahead of vote

Shell’s business gamble, supported by oil prices at near record highs, is on the brink of paying off Photo: Newscast By Jillian Ambrose: 21 Jan 2016 Key investment funds have voiced growing support for the planned £47bn merger of energy giants Shell and BG Group ahead of crucial shareholder votes next week. Shell’s fifth biggest investor, Norges […]

Shell investors: all they need to know, the crucial documents, and how to vote

By John Ficenec, Ficenec: 1:26PM GMT 17 Jan 2016 Royal Dutch Shell shareholders have less than two weeks to cast their vote on the proposed takeover of BG Group. We provide all the crucial dates, how to vote, and where the additional information can be found. How to vote The most important thing is for retail […]

Oil price crash means petrol could become cheaper than bottled water

By Mehreen Khan: 14 Jan 2016 Petrol will soon cost less than bottled water as the relentless decline in oil prices sends fuel down to 86p a litre, it has been claimed. Brent crude fell to below $30 a barrel for the first time since 2004 on Wednesday evening – and has fallen by more […]

Oil could crash to $10 a barrel, warn investment bank bears

By Mehreen Khan: Telegraph Newspaper: 13 JAN 2016 Oil prices have crashed to below $30-a-barrel amid warnings the rout could reach as low as $10 and bring down petrol prices to levels last seen in 2009. Standard Chartered became the latest major bank to downgrade its oil outlook to $10, joining the likes of Goldman […]

Shell and BG investor who attacked £40bn tie-up will also back deal

By Andrew Trotman: 12 Jan 2016 Standard Life Investments is to use its stake in BG Group to back the oil company’s £40bn merger with Royal Dutch Shell, just days after calling the deal “value destructive”. The investment firm, which owns 2.1pc of Shell and 1.3pc of BG, plans to support the proposal at the latter’s […]

Major Shell investor vows to vote against £40bn BG Group takeover

Standard Life Investments, the 16th largest shareholder in Shell with a 2.1pc stake, has voiced doubts that the oil price will bounce back sufficiently to make the tie-up worthwhile. Brent crude fell again on Friday to trade at $33.55, having slumped more than 70pc since July 2014. It is believed investors feel the price needs […]

Investor halves BG Group stake as doubts grow over Shell deal

By Ben Martin, and Ben Marlow, THE SUNDAY TELEGRAPH: 3 JAN 2016 One of the world’s largest investors has more than halved its stake in BG Group, sparking fresh speculation that some of the oil explorer’s top shareholders are sceptical about the prospects for its proposed tie-up with rival Royal Dutch Shell. Capital Group, which is […]

Fund management industry’s credibility on show in planned BG-Shell merger

By Ian McVeigh: 3:35PM GMT 02 Jan 2016 Shell bid for BG in April last year, after the oil price had halved. It is impossible to say what the price of BG would be without the bid, far lower for sure and most calculations suggest that a premium of around $20bn to $25bn is being paid […]

UK awash with oil as tankers forced to turn around

Unseasonably warm winter weather has left the UK with its highest October stockpiles of oil for the past five years, according to Government figures By John Ficenec, and Agency: 2:46PM GMT 22 Dec 2015 Record high temperatures in December have left the UK with the highest stocks of oil for five years as Europe-bound fuel tankers […]

BG investor sells £100m of shares

By Ben Martin, and Ben Marlow: 20 Dec 2015 One of the biggest investors in BG Group has sold almost £100m of shares in the oil and gas business in the past week, raising questions about its view of the company’s £55bn takeover by Royal Dutch Shell. Investment giant Capital Group offloaded stock worth approximately £76.4m […]

Shell merger with BG Group gets green light from China

By Rebecca Burn-Callander: 8:01AM GMT 14 Dec 2015 Shell’s £55bn takeover of BG has been cleared by the Chinese Ministry of Commerce (MOFCOM), giving the deal the green light to go ahead. This was the final regulatory hurdle standing in the way of the deal. China’s blessing follows success with regulators in Australia, the US, EU […]

Paralysed Opec pleads for allies as oil price crumbles

By Ambrose Evans-Pritchard: 04 Dec 2015 The Opec cartel is to continue flooding the world with crude oil despite a chronic glut and the desperate plight of its own members, demanding that Russia, Kazakhstan and other producers join forces before there can be output cuts. Brent prices tumbled almost $2 a barrel to $42.90 as traders […]

Shell wins final Australian approval for BG Group takeover

By Ashley Armstrong: 03 Dec 2015 Shell’s £55bn takeover of BG has been cleared by Australia’s Foreign Investment Review Board, handing the deal its penultimate approval from global regulators. The green light from FIRB for the deal comes after Australia’s competition authorities also approved the deal last month, and follows success with regulators in the US, […]

Shell-BG deal to win green light

Questions have been raised about the growing gulf between the price of BG shares and Shell’s cash and stock offer, while some market sources have argued that the low oil price could force Shell to renegotiate the deal and reduce its bid. Regulators in China and Australia likely to support move to create Britain’s biggest […]

Questor delivers a damning verdict of the proposed Shell BG merger

An Opec meeting on December 5 could send oil price even lower and sound the ‘death knell’ for the deal. ‘If oil prices remain at these deeply depressed levels, then it could bring nothing but disaster. The famous Shell dividend could be cut, investors will be diluted and the shares would become a riskier prospect,’ […]

Questor share tip: Shell should walk away from BG

The FTSE 100 oil major has endured a turbulent year after announcing its offer for rival BG, says Questor. By John Ficenec, Questor Editor: 22 Nov 2015 SHELL’S [LON:RDSB] deal to buy gas group BG makes perfect sense on paper. But if oil prices remain at these deeply depressed levels, then it could bring nothing but […]

Goldman eyes $20 oil as glut overwhelms storage sites

By Ambrose Evans-Pritchard: 20 Nov 2015 The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned. Goldman Sachs told clients that the increasing glut of oil on the global market […]

Fresh doubts over Shell and BG merger as Qatar sells £1bn stake

The Qatar Investment Authority has sold 43m shares in BG Group and a further 24m shares in Shell By Ben Marlow 7:45PM GMT 14 Nov 2015 The Qatar Investment Authority has offloaded shares in Shell and BG worth nearly £1bn in recent weeks, raising fresh questions over whether the oil­giants’ proposed mega-merger has the support of […]

Shell shareholders should think carefully about BG takeover

By Ian McVeigh: 12:36PM GMT 07 Nov 2015 Investors watching the takeover boom and wondering whether it is the start or the end of a period of high investment returns may want to have a look at Shell’s proposed takeover of BG. Megadeals often tell us that the buyer is far more challenged than we know […]

Shell’s £43bn gamble of a deal for BG is sliding out of reach

The big question facing Mr van Beurden, is whether he can pull off such an ambitious move. If not, his time at the helm will be shortlived. By Ben Marlow: 31 Oct 2015 Ben van Beurden must be sick of answering the same question but unless there is an unlikely sudden surge in the oil price […]

BG Group profits drop as it nears merger with Shell

By Jon Yeomans: 30 Oct 2015 BG Group, which is due to be taken over by Shell early next year, has reported a slump in profits as the low oil price continues to take a toll on producers. Net income at the Reading-based company fell 63pc to $280m (£182m) in the third quarter from $759m a […]

Shell and BP prepare for further cost-cutting as oil prices stay low

Results this week could give more detail on savings to protect dividend payments By Marion Dakers: 24 Oct 2015 Britain’s oil giants are preparing to make further cuts to their investment plans in the face of plummeting crude prices. Shell, like many oil explorers, has already slashed spending and jobs to counteract the effects of a […]

Russia abandons hope of oil price recovery and turns to the plough

Russia has abandoned hopes for a lasting recovery in oil prices, bracing for a new era of abundant crude as US shale production transforms the global energy market. President Vladimir Putin answers questions during an interview for Russian television Ambrose Evans-Pritchard: 14 Oct 2015 The Kremlin has launched a radical shift in strategy, rationing funds […]

Shell pledges to keep dividend despite slump in oil prices

If the oil price stays low, Shell’s van Beurden may have to eat his words Photo: AFP By Andrew Critchlow, Commodities editor: 06 Oct 2015 Royal Dutch Shell has reassured investors that it will maintain its dividends regardless of a prolonged slump in oil prices below $50 per barrel. Chief executive Ben van Beurden, speaking at the […]

First Utility launches in Germany – branded as Shell

Energy supplier will sell gas and electricity in Germany using global oil giant’s branding under new joint venture By Emily Gosden, Energy Editor: 30 Sep 2015 First Utility and Royal Dutch Shell are to launch a new venture in Germany selling households gas and electricity under Shell’s branding. The deal marks First Utility’s first foray […]

Emma Thompson joins Greenpeace to celebrate Shell scrapping Arctic drilling

Emma Thompson joins Greenpeace to celebrate Shell scrapping Arctic drilling By Charlotte Krol, and PA, video source YouTube / Greenpeace: 29 Sep 2015 Actress Emma Thompson has joined activists outside the headquarters of Shell to celebrate news that the oil giant is pulling out of drilling in the Arctic. Greenpeace has been protesting against the company’s […]

Shell’s dividend gusher can survive a prolonged siege

If the oil price stays low, Shell’s van Beurden may have to eat his words Photo: AFP Sunday Telegraph: Jeremy Warner: 20 Sep 2015 Ben van Beurden, chief executive of Royal Dutch Shell, is on a charm offensive to convince investors – and the press – that both the dividend is safe and the pending £45bn takeover of […]

Shelling out too much

Mr van Beurden – who ill-advisedly said the deal only really sings once the oil price recovers to $90 a barrel – would be unwise to count on it. He’s on the hook for a £750m break fee if he pulls out, a pay-out he’d be hard pressed to survive. By Jeremy Warner: Sunday Telegraph […]

Opec powerless to halt oil price slide, warns former group president

Opec veteran says that current oil prices slump has exceeded the worst expectations of the group By Andrew Critchlow, Commodities editor: 24 Aug 2015 Opec is powerless to arrest the slide in oil prices unless producers outside the group such as Russia match any cuts in output, according to a former president of the group. ‘Black […]

Oil slump highlights pressure on dividend payouts

Extracts from an article by Garry White: 22 Aug 2015 Some in the City are concerned that distributions to shareholders at some major dividend payers are too high. This is particularly true for the oil sector. • Opec is being eaten alive and needs to meet to heal its wounds • Low oil prices bite as […]

Shell faces huge risks and potential rewards with an Arctic adventure

Shell has been given the green light to drill in the Arctic but as well as the opportunity for huge rewards, the inhospitable region brings huge risks By Ben Marlow: 18 Aug 2015 In James Cameron’s epic science fiction film Avatar, humans travel to the moon Pandora in search of a highly valuable mineral that will […]

Big oil to sharpen focus on costs after $200bn of cuts

Europe’s biggest oil companies have to find deeper cuts as oil prices expected to weigh on earnings By Andrew Critchlow, Commodities editor: 27 July 2015 Three of Europe’s biggest oil companies will report weaker earnings this week and the City is looking for guidance on how to mitigate a sustained slump in Brent crude prices […]

Shell banned from Arctic oil drilling without emergency equipment

Icebreaker that holds the required equipment has been sent for repairs, which could take weeks Royal Dutch Shell has been granted two final permits to explore for crude in the Arctic this summer, but the US has banned the company from drilling for oil until emergency equipment arrives in the region. The US Interior Department’s […]

Shell’s Arctic oil drilling plans hit by polar bears and walruses

Shell’s Arctic oil drilling plans hit by polar bears and walruses By Reuters: 12:32AM BST 01 July 2015 The Obama administration has dealt a setback to Royal Dutch Shell’s Arctic oil exploration plans, saying established walrus and polar bear protections prevent the company from drilling with two rigs simultaneously at a close range, as it had […]

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 […]

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 […]

Fat Cat Shell Boss Urges UK to Stay in EU

Shell CEO urges Britain to remain in European Union Shell CEO Ben van Buerden is the latest business leader to voice his views on a possible ‘Brexit’ By Andrew Critchlow in Vienna: 04 Jun 2015 Britain should stay in Europe, the head of the UK’s largest publicly listed company Royal Dutch Shell has said as a […]

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 […]

Opec under siege as Isil threatens world’s oil lifeline

Opec under siege as Isil threatens world’s oil lifeline By Andrew Critchlow: 30 May 2015 Thick black smoke rising from the Baiji oil refinery could be seen as a dirty smudge on the horizon as far away as Baghdad after fighters from the Islamic State of Iraq and the Levant (Isil) set fire to the enormous […]

Shell CEO: ‘carbon bubble’ campaigners ‘ignore reality’

Shell CEO: ‘carbon bubble’ campaigners ‘ignore reality’ By Andrew Critchlow, Commodities editor: 19 May 2015 Ben van Beurden, chief executive of Royal Dutch Shell has given a robust defence of the fossil fuel industry saying that “carbon bubble” critics “ignore reality”. The head of the UK’s largest oil company told shareholders that the world faces an […]

Shell’s Arctic voyage marks beginning of peak oil era

Shell’s Arctic voyage marks beginning of peak oil era Anglo-Dutch company’s search for resources in the Arctic is a sign that the world is running out of options for new oil reserves By Andrew Critchlow, Commodities editor In his critically acclaimed 2005 book ‘Twilight in the Desert’, the prominent oil economist Matthew R. Simmons predicted […]

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 […]

%d bloggers like this: