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Posts under ‘Exxon Mobil’

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 […]

Shell Betting Its Future On LNG

Article By Nick Cunningham published Sun, 12 April 2015 by OilPrice.com Shell Betting Its Future On LNG Could the largest energy deal in over a decade begin a new wave of mergers and acquisitions? Is LNG really the future? How Will ExxonMobil Respond? And perhaps more importantly, does the mega-deal between Royal Dutch Shell (RDS.A) and BG […]

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 […]

Oil price down, coffers full: now Big Petroleum is in the mood for mergers

The energy sector looks set for a round of mergers and acquisitions. Illustration: David Simonds for the Observer The world of Big Oil looks set for another round of mega-mergers and acquisitions after Shell set the ball rolling this week with its $70bn agreement to take over BG. FULL ARTICLE Like this:Like Loading…

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 […]

Royal Dutch Shell Could Eclipse Exxon Mobil Corporation As Largest Producer: Credit Suisse

By: MICHEAL KAUFMAN: Published: Apr 10, 2015 at 6:22 am EST In a report published on Thursday, Credit Suisse commented on the aftermath of Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) announcement to acquire BG Group Plc (ADR) (OTCMKTS:BRGYY). The sell-side research firm deliberated that the transaction makes sound strategic sense and moves Shell down the cost […]

Following the Shell-BG deal, could Exxon bid for BP?

Article by Jim Armitage published by The Independent on Friday 10 April 2015 Following the Shell-BG deal, could Exxon bid for BP? Another day, another tide of speculation sweeps through the City investment banks about oil industry takeovers following Shell’s £47 billion bid for BG, the UK’s third largest energy supplier. Even that old saw […]

Royal Dutch Shell plc Shareholders Express Concern Over Dividends After BG Group Merger

By: MICHEAL KAUFMAN: Published: Apr 10, 2015 at 9:39 am EST A $70 billion merger deal between Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and BG Group plc (ADR) (OTCMKTS: BRGYY) was finalized earlier during the week. Shell had paid a premium of 50% on BG Group’s share price on April 9. Many have commended the efforts […]

Shell’s Huge Gas Bet Underscores Big Oil’s Push to Replace Coal

Article by Javier Blas and Rakteem Katakey published 10 April 2015 by Bloomberg.com BP Plc coined the slogan “Beyond Petroleum.” The new industry mantra might be “Beyond Oil and Into Gas.” Oh, and while we’re at it, “Down With Coal.” Consider Royal Dutch Shell Plc’s recent $70 billion acquisition of BG Group Plc — clearly a huge bet […]

Future of BP as independent company thrown into doubt by Shell’s takeover of BG

By PETER CAMPBELL FOR THE DAILY MAIL Future of BP as independent company thrown into doubt by Shell’s takeover of BG The future of BP as an independent company was thrown into doubt yesterday as analysts said BG’s takeover will prompt a wave of consolidation in the struggling sector. Firms across the industry have been […]

Shell and BG: A vote for gas

Shell’s offer for BG shows how the energy business is changing 11 April 2015 JAM tomorrow, but never jam today. That was long the lament about Britain’s third-largest energy company, BG Group. It was notable for its great prospects, troubled operations, wobbly management and a slumping share price—down 20% in the past 12 months. Now […]

Could Shell-BG Deal Revive Exxon-BP Merger?

By: MICHEAL KAUFMAN: Published: Apr 9, 2015 at 8:05 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has announced an agreement to acquire UK-based BG Group plc (ADR) (OTCMKTS:BRGYY) in a massive $70 billion deal. It is one of the biggest merger and acquisition deals in the oil sector for over a decade, and could become […]

Who’s next?

Extracts from an article by Sean Farrell and Julia Kollewe published by The Guardian, 8 April 2015, under the headline: Shell’s BG takeover has oil industry asking who’s next “Only Exxon has the flexibility to do big-ticket deals like BG Group. In contrast, Total, Eni and Statoil will have to content themselves with the pick ’n’ […]

Exxon, BP in Deal Spotlight After Shell Buys BG Group

Article by Tara Lachapelle and Brooke Sutherland published 8 April 2015 by Bloomberg.com Now that Royal Dutch Shell Plc has made its move for BG Group Plc, Exxon Mobil Corp. and BP Plc could contemplate deals — perhaps even with each other. Speculation of an Exxon-BP combination surfaced last year after oil prices declined sharply, increasing the appeal […]

Shell-BG Deal Puts Pressure on Big Oil to Consolidate Again

Article by Javier Blas: 12:47 PM BST April 8, 2015 published by Bloomberg.com In the words of Royal Dutch Shell Plc’s boss, the fundamental logic behind his decision to buy BG Group Plc “always existed.” What pushed the $70 billion deal over the finish line was that it had become “very compelling from a value perspective” […]

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, […]

The M&A wave from the Shell-BG deal may not be the one you expect

BY Geoffrey Smith: 8 April 2015 Consolidation in the U.S. shale sector is being held up by desperate hopes for a turnaround in prices, and the continued flow of free money from the Fed. When a commodity price collapses, it’s only natural to see a shakeout among the companies that produce it. The weak go […]

Shell seeking to buy BG in first oil super-merger in over a decade

The collapse in global oil prices has sparked much speculation about mergers in the industry and BG has often been cited as a potential target. (Reuters) – Royal Dutch Shell (RDSa.L) is in advanced talks to buy BG Group (BG.L) in the first oil super-merger in more than a decade, seeking to extend its lead […]

Dutch court hears challenge over Groningen gas production

Dutch court refuses to halt Groningen gas production THE HAGUE, APRIL 1 By Toby Sterling (Reuters) – A Dutch judge on Wednesday refused to order a production halt at Europe’s biggest gas field, Groningen, where extraction is causing earthquakes, dealing a blow to opponents of government policy. Production from the field was temporarily reduced in […]

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, […]

Anti-Shell Protest at White House

From an article by Liz Ruskin published 24 March 2015 by Alaska Public Media under the headline: 26th Anniversary of Exxon Spill Prompts anti-Shell Protest at White House It’s the 26th anniversary of America’s second largest oil spill, when an Exxon tanker leaving Valdez Arm ran aground, leaking 11 million gallons of North Slope Crude […]

Shell Leads Gulf Sale Bids

By: MICHEAL KAUFMAN: Published: Mar 19, 2015 at 1:06 pm EST Extracts The Oil and Gas Journal, quoting US Bureau of Ocean Energy Management (BOEM), has reported that the Gulf of Mexico, Central Planning Area Lease Sale 235 attracted around 195 bids from 42 companies. Major energy companies such as Statoil ASA (ADR) (NYSE:STO), Chevron Corporation […]

Africa: Statoil’s Historic Disclosures Blow Holes in Exxon and Shell’s Campaign for Secrecy

Statoil’s disclosures deal a major blow to efforts by a small number of backward looking oil firms, including ExxonMobil, Royal Dutch Shell and BP, to weaken the U.S. transparency rule. Unless transparency rules include these elements, they will give companies a licence to continue making corrupt payments. Extracts from a Press Release by Global Witness published […]

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 […]

Big Oil’s Broken Business Model

From an article by Michael T. Klare published 12 March 2015 by utne.com Big Oil’s Broken Business Model In the wake of collapsing oil prices, Big Oil must alter its broken business model or face being outcompeted by smaller, nimbler energy producers. Many reasons have been provided for the dramatic plunge in the price of […]

For Shell and Exxon, Timing Is Key For Surviving Oil’s Price Plunge

From an article by Andy Tully posted on Thu, 12 March 2015 22:44 on OilPrice.com For Shell and Exxon, Timing Is Key For Surviving Oil’s Price Extracts When it comes to surviving the plunge in oil prices, timing is everything. While many oil companies large and small are reducing, postponing or outright abandoning costly future projects […]

Oil companies offer to cut 2015 spending in Iraq

* Iraq seeks to stem losses from falling oil prices * Calls on firms to reduce development costs * Baghdad seeks amended contracts to “share risk” * Says companies should maintain output despite changes MR_Story By Ahmed Rasheed BAGHDAD, March 12 ( Reuters ) – Oil companies have proposed millions of dollars of cuts in […]

Quakes force Dutch lawmakers to cut gas production

Article by Keith Findlay published 11 March 2015 by EnergyVoice.com Extracts Dutch communities rattled by earthquakes are upending Europe’s energy market. Towns in the northern province of Groningen sit atop the continent’s biggest gas field, where the Dutch government says exploration by oil and gas majors Royal Dutch Shell and ExxonMobil has triggered 196 earthquakes […]

Dutch Quakes Toss Wrench Into Gears of Europe Gas Market

Article by Isis Almeida published 10 March 2015 by Bloomberg Dutch Quakes Toss Wrench Into Gears of Europe Gas Market (Bloomberg) — Dutch communities rattled by earthquakes are upending Europe’s energy market. Towns in the northern province of Groningen sit atop the continent’s biggest gas field, where the Dutch government says exploration by Royal Dutch […]