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Posts under ‘Daily Telegraph’

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 […]

Shell destroys analytics firm Arria NLG?

From an article by Ben Martin published 30 April 2015 by The Telegraph Oil major deals blow to Aim minnow What was a good day for Royal Dutch Shell investors was a disaster for shareholders in an Aim-listed minnow that depended on the oil major for most of its revenues. While B shares in Shell […]

Shell to suffer profits plunge on oil price collapse

An article by Christopher Williams published 26 April 2015 by The Sunday Telegraph Shell to suffer profits plunge on oil price collapse Dutch earthquake fears also trim gas production Shell is expected to reveal this week that the collapse in the price of oil has wiped off two thirds of its first quarter profits. The […]

BP left stranded by US vilification as rejuvenated Shell storms ahead

Article by Jeremy Warner published 12 April 2015 by The Sunday Telegraph  BP left stranded by US vilification as rejuvenated Shell storms ahead They say that fortune favours the brave. Ben van Beurden (right), chief executive of Royal Dutch Shell, will be hoping they are right, for by firing the starting gun on a new wave of oil […]

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 […]

Arctic braced for oil rush as Shell eyes return to Alaska

By Andrew Critchlow, Commodities Editor for publication in The SundayTelegraph 29 Mar 2015 under the headline: Arctic braced for oil rush as Shell eyes return to Alaska When the wreck of Royal Dutch Shell’s Kulluk drilling rig washed up on the coast of Alaska in 2012 following a storm at sea, many environmental campaigners hoped […]

Britain’s ties with Abu Dhabi threatened by oil deal deadlock

From an article by Andrew Critchlow published by The Telegraph on 13 Feb 2015 under the headline: “Britain’s ties with Abu Dhabi threatened by oil deal deadlock” Danger of Shell and BP walking away from historic oil agreement which has underpinned Britain’s broader historic relationship with the United Arab Emirates Extracts BP and Royal Dutch […]

Shell chief: oil to stay at current lows for rest of year

From an article by Andrew Critchlow, Commodities editor, The Telegraph, published 12 Feb 2015 under the headline:  Shell chief: oil to stay at current lows for rest of year Oil prices are set to remain at the current six-year lows for the rest of 2015, the boss of the country’s largest oil and gas company will […]

Oil rout gives Exxon and Shell reason to buy rival ‘sisters’

…a major deal over the next year that will bring together two of the super majors, or see one of their smaller rivals swallowed up, is highly likely – and almost a certainty if historical precedent is anything to go by. Certainly, if the oil rout of the late 90s is anything to go by, a […]

Can BP and Royal Dutch Shell weather the storm?

From an article by Kyle Caldwell published by The Telegraph on 23 Jan 2015 under the headline: “Oil shares yield 6pc, but are the dividends safe?” Since June the price of Brent Crude has fallen from $116 a barrel to just below $50 last week. The plunge means these companies will generate far lower revenues […]

The continued collapse in oil prices

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Shell puts the brakes on

By John Donovan In response to the collapse in the price of oil, Shell and Qatar Petroleum have abandoned a $6.4 billion joint venture to build a petrochemical complex in the Ras Laffan Industrial City.  Extract from a Reuters Report:, Prices quoted by companies to build the huge complex showed the project was “commercially unfeasible, […]

Why A BP Shell Merger Is Not A Sensible Option

Why A BP plc (BP) Royal Dutch Shell Merger Is Not A Sensible Option Bidness Etc discusses how lower oil prices have impacted BP’s stock price, and why the merger with Royal Dutch Shell is not on the cards By: MICHEAL KAUFMAN Published: Jan 6, 2015 at 9:46 am EST Crude oil prices have declined […]

Tie-Up Between BP and Royal Dutch Shell In 2015?

By: MICHEAL KAUFMAN Published: Dec 29, 2014 at 2:17 pm EST Ashley Armstrong, the Telegraph’s merger and acquisition columnist, hinted at the possibilityof a merger between London-based BP plc (NYSE:BP) and Netherlands-based Royal Dutch Shell plc (ADR) (NYSE:RDS.A) in a piece over the weekend. M&A activity during 2014 reached the $3.5 trillion mark, the highest […]

Senior Sources See Merit In Shell BP Mega Merger

“…the tumbling commodities price has meant that takeover chatter has spread to even the fantasy realms of BP and Shell. Once considered unthinkable, senior sources are now saying that there is merit in doing the colossal deal…”; “Companies will not be able to continue with business as usual and must either cut back on expensive exploration […]

Oil majors’ finances strained by price slump

Sunday Telegraph newspaper article by Ben Marlow: Oil majors’ finances strained by price slump The sudden fall in the price of crude oil, from $120 to just $60 a barrel in six months, is the biggest economic shock of 2014 and the fall out is expected to be profound and long-lasting, especially for the oil majors.  […]

Talk of Shell BP tie-up to create £200bn world leader

After a solid 10 hours locked in secret briefings at the Langham Hotel in London this week, 100 of BP’s top investors emerged into the crisp winter evening air to the grim news that oil prices had sunk to a new five-year low. From an article in The Sunday Telegraph 14 December 2014 by Andrew […]

Opec is finished – the oil crash will continue

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over the coming months as market forces shake out the weakest producers, Bank of America has warned. The major oil companies will have to cut back on projects with a break-even cost below $80 for Brent […]

BP a sitting duck

The rumours that surfaced earlier this week that Shell might be taking a closer look at BP are not that ridiculous and in the current climate of lower oil prices and falling profits they actually make perfect sense. The first reason is that BP looks like a sitting duck. THE TELEGRAPH Why Shell could buy […]

BP surges on bid speculation

The Telegraph: BP and BG boosted by bid talk Oil and gas majors BP and BG Group were in demand on talk the two companies had been left vulnerable to predators after steep falls in their share prices. BP spiked in afternoon trade and closed 19.35p higher at 433.85p – a 4.7pc gain – amid chatter […]

OPEC IN DISARRAY AS OIL PRICE TUMBLES

Major Opec nations, Russia and US shale oil drillers now appear on the brink of a price war as these three giant producing blocs fight for a greater share of global demand. (Potentially disastrous news for Big Oil – ExxonMobil, Shell, BP, Chevron and Total) The Telegraph: World on brink of oil price war as Opec […]

Royal Dutch Shell News 15 Oct 2014

By John Donovan WHISTLEBLOWER ALLEGES ROYAL DUTCH SHELL TAX EVASION IN NIGERIA  A former manager of Shell Production Development Company in Nigeria has accused Shell of massive tax evasion. He also alleges that the Nigeria Economic and Financial Crimes Commission demanded a bribe from him as part of a related cover-up plan for Shell. The […]

Oil majors BP and Shell may be ready for more mergers

Some of Shell’s big shareholders are said to be frustrated by the company’s continued spending on expensive far-flung projects that fail to yield healthy returns. Alongside its profit warning at the start of this year, Shell announced that it was halting a controversial exploration programme off the coast of Alaska because the costs had far outweighed […]

Few limits offshore, Shell says

Extract from a UPI article by Daniel J. Graeber published 21 July 2014 LONDON, July 21 (UPI) –John Hollowell, Shell’s vice president in charge of deep waters in the Americas, told The Daily Telegraph in London there were few limitations to how deep or how far offshore oil companies can drill. “How far you can […]

Saudi Arabia gas project has failed, admits Shell

Extracts from an article by Andrew Critchlow published 6 July 2014 by The Sunday Telegraph read moreLike this:Like Loading…

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 […]

Shell is top as global dividends breach $1 trillion

Extract from article by Harriet Dennys published by The Telegraph on 24 Feb 2014 UK companies take three places in top ten dividend payers, with Shell in pole position. Energy major Royal Dutch Shell paid the highest returns to shareholders in 2013, in a year when global dividends broke through the $1trn barrier for the […]

Firesale: Shell to sell three North Sea oil fields

Exclusive: Oil giant insists it is committed to North Sea after telling staff it expects to sell assets as part of £9bn disposal programme Royal Dutch Shell is poised to announce the sale of three of its fields in the North Sea as the company speeds up its plan to divest $15bn (£9bn) of assets. […]

Iraq and Iran plot oil revolution in challenge to Saudi Arabia

Iraq’s goal of pumping 9m barrels a day of crude could be a game changer for oil prices and British companies: British oil giants BP and Royal Dutch Shell are also poised to benefit from Iraq’s ambitious production plans. Both companies are already managing two huge oil fields in southern Iraq which are vital if Baghdad […]

Shareholder Shell distances itself from Oman bribes case

AFTER the rumpus over the exit of Royal Dutch Shell’s legal director on Wednesday, the oil giant’s media team was no doubt hoping for a quiet end to the week. Sadly, it wasn’t to be. Yesterday, Diary picked up reports in the Arab press about corruption at Shell’s Omani joint venture, Petroleum Development Oman (PDO). […]

The destabilisation of Royal Dutch Shell gathers pace

While speculation still swirls about the unexpected early exit by Peter Voser and the abrupt departure by Peter Rees, we can now add the name of Andy Brown to the mystery about the seismic developments and uncertainty that has engulfed Royal Dutch Shell Plc.  By John Donovan  Three weeks ago I published an article under the […]

Total dips a toe in UK shale but BP and Shell unlikely to follow

The French company trumpeted becoming the “first major to enter into shale gas licences in the UK”, calling it an “important milestone”. But its stance contrasts starkly to that of Shell, whose British chief financial officer Simon Henry said last year it had no desire to be “first in and be in the headlines every day […]

Shell paves way for share buyback in 2014

The company has recently come under fire from major investors for allegedly not treating British investors on a par with Dutch shareholders. Shell cancelled a London event last year that provided a live TV link-up to its annual meeting in the Hague, angering British-based investors. Shell’s head of refining and marketing chief, Ben van Beurden […]

Shell to sell off £18bn in assets after profits tumble

OIL giant Shell is to start a sale of up to $30bn (£18bn) of assets next year after weak refining margins and oil theft in Nigeria caused a sharp fall in profits, it can be disclosed. Mr Voser, a Swiss national, is to step down at the end of the year and will be succeeded […]

BP and Shell among oil firms Iran wants back in country

Iranian Oil Minister seeks talks with oil giants to return Iran to help tap world’s fourth-largest oil reserves after sanctions are lifted By Reuters: 2:25PM GMT 04 Dec 2013 Iran on Wednesday named seven Western oil companies it wants back in its vast oil and gas fields once international sanctions are lifted and said it […]

European oil giants to talk terms with Iran

Oil ministry officials from Tehran to meet executives from European oil companies and industry experts in London early next year to present the terms upon which they will be invited back By Andrew Critchlow: 8:00PM GMT 01 Dec 2013 Iran is stepping up its engagement with European oil companies ahead of inviting them back to […]

Shell’s Arctic costs spiral as it admits damaged Kulluk rig may be written off

Energy giant hopes to resume controversial Arctic drilling in 2014 if authorities allow, but rig damage forces change of plans. The Kulluk rig ran aground in stormy weather on New Year’s Eve, in a major reputational blow for Shell. By Emily Gosden: 10:16AM GMT 31 Oct 2013 Royal Dutch Shell has warned is likely to […]

Shell profits drop 31pc to $4.2bn on Nigeria and refining woes

 Shell blames weak industry refining margins and security problems in Nigeria for sharp drop in third-quarter profits. By Emily Gosden: 7:40AM GMT 31 Oct 2013 Royal Dutch Shell blamed weak refining margins across the industry and the deteriorated security situation in Nigeria for 31pc drop in third-quarter profits, to $4.25bn. The results were significantly worse […]