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Posts under ‘Exxon Mobil’

Why Shell’s $73 Billion Merger Could be Cheating Dividend Investors

By Adam Galas: May 21, 2015 Royal Dutch Shell‘s (NYSE: RDS-A  ) $73 billion buyout of BG Group (NASDAQOTH: BRGYY  ) would be the second-largest oil merger in history, but long-term Shell investors should be asking whether the company overpaid. In examining the terms of the deal, and what Shell plans to do with BG’s assets, I think […]

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 […]

Shell BG £55bn merger could still fall apart.

By Rupert Hargreaves – Wednesday, 13 May, 2015 BG (LSE: BG) and Royal Dutch Shell’s (LSE: RDSB) mega-merger is the largest deal the oil & gas sector has seen for some time. However, the combination isn’t a done deal just yet.  There are still many kinks to iron out, and the deal has to get the green light […]

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 […]

FINANCIAL TIMES One is seen as a sprawling behemoth, the other a nimble buccaneer. For fans of a “small is beautiful” approach to oil and gas exploration, there appears little to love in Royal Dutch Shell’s proposed £55bn takeover of BG Group. FULL FT ARTICLE RELATED FT LINKS On this story Speed of Shell’s swoop […]

Refining Saves The Day For Exxon and Shell

By Andy Tully: Posted on Sun, 03 May 2015 The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected. Related: Key Signals That Oil Prices Are On The Up Profits for Shell, […]

Energy earnings run dry in Americas

FT: Energy earnings run dry in Americas By Ed Crooks, Christopher Adams and David Crouch ExxonMobil and ConocoPhillips of the US on Thursday reported that they lost money on oil and gas production in their home country in the first quarter. Meanwhile, Royal Dutch Shell disclosed a $1.1bn loss at its upstream exploration and production […]

Time, and oil prices, ticking for Shell-BG deal

LONDON | BY DMITRY ZHDANNIKOV, SINEAD CRUISE AND RON BOUSSO: Wed, 29 April 2015 “…its not inconceivable that BG shareholders could start to agitate for a higher bid or indeed a competing bid..” (Reuters) – Rising oil prices are putting Royal Dutch Shell (RDSa.L) under pressure to execute its landmark $70 billion deal to buy […]

Dutch parliament reverses burden of proof in gas damage claims

AMSTERDAM | BY TOBY STERLING:Tuesday 28 April 2015 Dutch parliament reverses burden of proof in gas damage claims (Reuters) – The Dutch parliament on Tuesday voted to reverse the burden of proof in disputes over damages to buildings caused by the production of gas at Groningen, Europe’s largest natural gas field, a potentially expensive decision. […]

Will Royal Dutch Shell Be Able To Successfully Integrate BG Group plc In Its Fold?

Bidness Etc takes a look at challenge facing Shell as it incorporates BG Group in its fold By: MICHEAL KAUFMAN: Published: Apr 27, 2015 at 1:45 pm EST Royal Dutch Shell plc (ADR) (NYSE: RDS.A) $70 billion acquisition of BG Group plc (ADR) (OTCMKTS: BRGYY) is a first of such magnitude for the Hague-based oil company. […]

UK warns off BP suitors now Shell unavailable as ‘white knight’

LONDON, APRIL 27 | BY DMITRY ZHDANNIKOV AND WILLIAM JAMES UK warns off BP suitors now Shell unavailable as ‘white knight’ (Reuters) – Britain’s warning to potential suitors of BP is a sign of the oil major’s vulnerability to a takeover bid and that a more politically palatable tie-up with Royal Dutch Shell no longer […]

Fracking lobby calls the tune on commission shale-gas panel

An article by PASCOE SABIDO, PUBLISHED BRUSSELS, TODAY, BY EUOBSERVER.COM 2015 is a big year for climate in Europe: the UN talks in Paris, this December; the implementation of the EU’s 2030 climate targets; mapping out the Energy Union. Judging by the European Commission’s public statements, one would think the EU was firmly on its […]

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 […]

BG Deal to Test Shell’s Integration Skills

Article by JUSTIN SCHECK And SARAH KENT published April 26, 2015 by The Wall Street Journal BG Deal to Test Shell’s Integration Skills LONDON—With its $70 billion deal to buy BG Group PLC, Royal Dutch Shell PLC will attempt something altogether new for the 108-year-old energy giant: absorbing a huge company. FULL ARTICLE Like this:Like Loading…

UK government would oppose any takeover of BP says FT

UK government would oppose any takeover of BP -FT (Reuters) – Britain’s outgoing government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Financial Times reported. The message follows the $70 billion deal to acquire rival producer BG […]

Earnings slide at BP and Royal Dutch Shell as oil giants slash spending

By LAURA CHESTERS FOR THE DAILY MAIL: 27 April 2015 Crude oil prices hit a 2015 high this month but it is not enough to prevent disastrous first quarter results from BP and Royal Dutch Shell this week. The price of oil is still well below last summer’s highs of $115 a barrel at around $65 […]

FT: UK government warns BP over potential takeover

An article by George Parker and Christopher Adams published 26 April 2015 by The Financial Times UK government warns BP over potential takeover Amid wider consolidation in the energy sector, triggered by the sharp fall in oil prices, Downing Street has informed BP and senior City figures that it wants the group to remain a British […]

Predators circle with BP still stuck in deep water

By Nick Fletcher published Sunday 26 April 2015 by The Observer/Guardian Predators circle with BP still stuck in deep water Meanwhile, BP could also be put on the spot about its commitment to being more open about its impact on climate change, after 98% of shareholders at its recent annual meeting called for more transparency. The company agreed […]

Oil firms face further cuts as low prices linger

Oil firms face further cuts as low prices linger Commodities | Fri Apr 24, 2015 12:23pm BST * Big oil using spending cuts to increase efficiency * Q1 earnings set to drop by more than 50 pct, tracking oil price * Strong refining margins set to continue By Ron Bousso LONDON, April 24 (Reuters) – […]

How The Majors Are Playing The Oil Price Slump

Article by Nick Cunningham published 22 April 2015 by OilPrice.com How The Majors Are Playing The Oil Price Slump The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not all may work out. Which companies will emerge stronger after […]

Shell, Exxon set the scene for future oil-price shock after $US114 billion cuts

Article by Bradley Olson published 22 April 2015 by The Sydney Morning Herald Shell, Exxon set the scene for future oil-price shock after $US114 billion cuts As the oil patch grows accustomed to a new world of $US50 to $US60 crude, it’s now looking ahead to a different but equally daunting sort of cliff. Oil companies […]

NAM apologizes for Groningen earthquakes

CAUTION: NON-PROFESSIONAL ENGLISH TRANSLATION OF EXTRACTS FROM A DUTCH ARTICLE The Dutch Petroleum Company (NAM) has apologized for the earthquakes in Groningen and the problems caused by these earthquakes. This is evident from the reaction of Gerald Schotman, Managing Director of NAM, on the report of the Safety Board (OvV) about the earthquake risks in […]

BG Group prioritizes Australia, Brazil

By Daniel J. Graeber published 21 April 2015 by UPI BG Group prioritizes Australia, Brazil READING, England, April 21 (UPI) — British energy company BG Group said Tuesday it would change how it discloses financial data to reflect the importance of Brazilian and Australian assets. BG Group said, starting May 8, it would unveil a number […]

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 […]

What the BP Oil Disaster Tells Us About Arctic Drilling: Keep Out!

BY CAROL BROWNER AND MICHAEL CONATHAN 4/20/15 Five years ago today, an explosion on board the oil rig Deepwater Horizon killed 11 men and unleashed one of the largest and costliest offshore oil disaster this nation has ever experienced. By the end of 2014, BP, the company primarily responsible for the disaster, estimated the overall […]

A Dutch can of worms for Shell and Exxon

By John Donovan The financial repercussions from the Shell/Exxon induced earthquakes in the Groningen area of the Netherlands,  which are increasing in strength and frequency, is getting even more serious. Reuters is reporting that the estimated cost to reinforce more than 150,000 Dutch homes to withstand the earthquakes caused by extracting gas in the Groningen gas field has […]

Groningen quake zone: another shaker

Reinforcing homes in Dutch gas extraction quake zone estimated at 30 bln euros Mon Apr 20, 2015 9:01am EDT (Reuters) – The estimated cost to reinforce more than 150,000 Dutch homes to withstand earthquakes caused by extracting gas in the massive Groningen field was increased to at least 30 billion euros ($32 billion), the province […]

‘Big Oil’ poring over troubled waters

‘Big Oil’ poring over troubled waters By Mark Robinson, 17 April 2015 The severity of crude oil’s collapse meant that its effects were always likely to be felt far beyond petrol station forecourts. Reduced assumptions on future pricing convinced oil and gas majors, already given over to renewed capital discipline, to also accelerate the reduction in […]

Total, BP say feel no M&A pressures after Shell deal

PARIS/LONDON | BY MICHEL ROSE AND DMITRY ZHDANNIKOV: Thursday 16 April 2015 (Reuters) – French oil major Total (TOTF.PA) and British rival BP (BP.L) are under no pressure to make acquisitions after the recent takeover of BG Group by Anglo-Dutch rival Shell (RDSa.L), they said on Thursday. Royal Dutch Shell (RDSa.L) unveiled plans last week […]

A Halt to Groningen Production Could Significantly Impact on Shell’s Remaining Reserves

POSTING ON SHELL BLOG: 17 APRIL 2015 RELATES TO ARTICLE: Shell/Exxon Induced Earthquakes undermine Dutch Gov Revenues According to figures published on this site, Shell replaced just 26% of the reserves that it produced in 2014. The Groningen field represents a significant fraction of Shell’s remaining reserves. If Groningen production is halted to reduce the […]

Shell/Exxon Induced Earthquakes undermine Dutch Gov Revenues

By John Donovan The Groningen gas field is a giant natural gas field located near Slochteren in Groningen province in the northeastern part of the Netherlands. Discovered in 1959, it is the largest natural gas field in Europe. It is operated by the Nederlandse Aardolie Maatschappij BV (NAM), a joint venture between Royal Dutch Shell […]

Shell failing to do enough to prevent ‘major accidents’ at north east site

An article by Ashleigh Barbour published 16 April 2015 by The Press and Journal  Shell failing to do enough to prevent “major accidents” at north east site Offshore giant Shell has been accused of breaking safety rules at its site at the huge St Fergus gas terminal. The Health and Safety Executive (HSE) has issued an […]

The Exxon Mobil-BP Merger Rumor That Just Won’t Go Away

SeekingAlpha.com article by Dave Dierking published 15 April 2015 The Exxon Mobil-BP Merger Rumor That Just Won’t Go Away Summary The rumors of the viability of an Exxon Mobil-BP merger surfaced once again recently following the Royal Dutch Shell-BG merger. Exxon Mobil could be compelled to make such a transaction due to BP’s relatively inexpensive […]

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 […]

Exxon-Shell gas venture may have to adjust Groningen output after court ruling

Exxon-Shell gas venture may have to adjust Groningen output after court ruling AMSTERDAM: Wed Apr 15, 2015 6:09am EDT (Reuters) – Gas production joint venture NAM is studying the impact of a court ruling that halted production at a small part of the massive Groningen gas field because of safety concerns, the Dutch government said […]

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 […]

A Frank Discussion On Royal Dutch Shell’s Dividend

SeekingAlpha.com article published 13 April 2015 A Frank Discussion On Royal Dutch Shell’s Dividend Summary Before the BG acquisition, Royal Dutch Shell had a dividend payout ratio of 90% for 2015. The acquisition of BG Group will put Shell on the hook for $15 billion in annual dividends as BG shareholders will own 19% of […]

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 […]

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 standing above its peers

Article by Daniel J. Graeber published 13 April 2015 by UPI Shell standing above its peers LONDON, April 13 (UPI) — Shell’s grab of energy giant BG Group and a legal victory for frontier work offshore Alaska leaves rivals in the dust, though environmentalist are unimpressed. The board of directors at Shell and BG group issued […]