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Posts under ‘Daily Telegraph’

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 […]

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

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 […]


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 […]