Royal Dutch Shell plc .com Rotating Header Image

Posts under ‘Gas’

Myths about Shell’s Arctic Alaska pullout persist

Yereth Rosen: Alaska Dispatch News: October 3, 2015 When Royal Dutch Shell announced that it had lost its big-money bet in the Chukchi Sea and would end its entire program in the offshore U.S. Arctic, the hyperbole and finger-pointing began in earnest. Rep. Don Young accused President Obama and Interior Secretary Sally Jewell of deliberately sabotaging Alaska’s economy. “I’m […]

Shell-BG Deal Could Face Regulatory Sanctions, But Shell Will Do Everything It Can To Save Deal

Trefis Team, CONTRIBUTOR: 2 Oct 2015 Ever since announcing the $70 billion deal to acquire BG Group back in April, Royal Dutch Shell Plc. has been busy these last few months obtaining the required merger related approvals from various regulatory authorities. After obtaining the required clearances in Brazil, the U.S., and Europe, the process hit a […]

Shell CEO Ben van Beurden says carbon price needed to tackle climate change

“Shell’s track record on climate change does not inspire us with confidence…” By business reporter Michael Janda and staff: 2 Oct 2015 Shell’s global chief executive says an effective carbon price is needed to tackle climate change, whether through a trading or tax system. Speaking exclusively to ABC TV’s The Business, Ben van Beurden said […]

Shell boss confronts environmental, carbon challenges

On Monday, the oil and gas giant gritted its teeth and pulled out of one of the most ambitious, expensive and controversial exploration forays on the planet – Alaska. A project that could have delivered tens of billions of dollars instead delivered a dry well and, on Sunday, van Beurden and his team called it quits. […]

A rig too far

Ben van Beurden, installed as Shell’s chief executive in 2014, could have halted the ill-fated project. But after a “personal journey”, he decided to go ahead. Shell’s retreat from the frozen north shows the new realities of “big oil”: Reputation was another factor in Shell’s retreat Oct 3rd 2015 | HOUSTON | From the print […]

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 and First Utility target German retail power market

Shell and First Utility target German retail power market FRANKFURT | BY VERA ECKERT | Wed Sep 30, 2015  Shell, a brand well known to car owners throughout Germany, has expanded a partnership to provide households with gas and electricity in Europe’s biggest retail market. The oil major’s supply and trading arm Shell Energy Europe and […]

Royal Dutch Shell’s Arctic Bucket Of Ice Has Melted, Yield Is Now North Of 8%

Sep. 29, 2015 Summary * The Burger J well test results were a dud, no major reserves found. * Shell puts Arctic drilling on hold indefinitely, which further reduces future capex. * Dividend yield tops the 8% mark. Royal Dutch Shell (RDS.A / RDS.B) was always upbeat about the prospects of drilling in the Arctic, […]

Shell move dims oil prospects, delights environmentalists

ANCHORAGE, Alaska (AP) — Royal Dutch Shell has abandoned its long quest to become the first company to produce oil in Alaska’s Arctic waters, darkening the nation’s long-term oil prospects and delighting environmental groups that tried to block the project. After years of effort, Shell is leaving the region “for the foreseeable future” because it […]

Shell pulls plug on Arctic drilling campaign

By ETAIN LAVELLE FOR THE DAILY MAIL: PUBLISHED: 22:22, 28 September 2015 To the delight of eco-warriors worldwide, Shell pulled the plug on its Arctic drilling campaign, taking a £2.7billion hit on the controversial venture that was persistently undermined by the prolonged oil price weakness and fierce opposition from ecological activists. Although an exploratory well showed […]

Shell has made a costly call to abandon Alaska

Kamal Ahmed: Business editor: 28 Sept 2015 It could have been Hillary Clinton’s tweet that did it. Just after the US government had given the go-ahead for Shell to restart its exploration in Alaska, the Democratic presidential candidate took to the social media site. “The Arctic is a unique treasure,” Mrs Clinton said on Twitter. “Given […]

Merger of Royal Dutch Shell and BG Group

Published by Joshua Noonan: September 27, 2015 With the declared April 2015 merger of Royal Dutch Shell and BG Group, formerly British Gas, a combination of assets spanning continents is occurring. The completion date of the merger in early 2016 has had some roadblocks. In Kazakhstan’s Karachaganak Field project, the combined group could lead to Shell […]

Here’s How Royal Dutch Shell plc And BP plc Will Be Impacted By A Weak Chinese Economy

Bidness Etc discusses how European oil majors are impacted by the slowdown in the Chinese economy By: Micheal Kaufman: Sep 25, 2015 The slowing Chinese economy has impacted the overall world economy and various other sectors. According to a Moody’s Investor service report EMEA (Europe, Middle East, and Africa)’s mining sector is totally exposed to the […]

Shell bets big on India with its second LNG terminal

Shell expects LNG demand to rise by 5% every year over the next couple of decades while global gas demand is growing at 2% By: Siddhartha P Saikia | Singapore | September 25, 2015 5:39 AM Royal Dutch Shell, which set up a 5 million tonne LNG terminal at Hazira in Gujarat nearly a decade back, […]

Market Skeptics Miss Out on $5.5 Billion From Biggest 2015 Deal

By Inyoung Hwang: BLOOMBERG.COM 22 Sept 2015 A fresh drop in in oil prices and political instability in Brazil is making investors miss out on about $5.5 billion in Royal Dutch Shell Plc’s pending takeover of BG Group Plc. BG closed on Monday at 990.4 pence, about 9.5 percent below Shell’s cash-and-stock offer. The difference in share […]

Petition to Sign – Minister White: Don’t reward Shell abuses in Ireland

Dear John, Interesting to read the two recent articles about Shell/Corrib on your site – Shell’s arrogance, plus their presumption of statutory and ministerial subservient compliance still reign supreme! Shell could at least have made a cursory acknowledgement of a person’s right to recourse to law by way of Judicial Review of the two presumed […]

Analysts concerned Shell dividend under immense risk

Will Royal Dutch Shell plc (ADR) (RDS.A) Maintain Dividends? By: Micheal Kaufman: Sep 21, 2015 Analysts are concerned that future of Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) dividend is under immense risk, and expressed concerns that Shell will not be able to deliver its promise of 7% dividend yield. Currently, the American Depository Receipts (ADR) of […]

Shell’s high-risk game in the Arctic

Sunday 20 September 2015  Ben van Beurden, the Shell chief executive, was on a media blitz last week trying to prop up sagging confidence in his ability to keep paying blue-chip dividends while expanding his empire at a time of very low oil prices. The planned takeover of BG Group is an important test of […]

Why we MUST drill for oil in the Arctic: Shell boss’s message to climate change campaigners and governments

By JON REES, FINANCIAL MAIL ON SUNDAY: 20 Sept 2015 Some green campaigners seem to believe Shell boss Ben van Beurden would be happy dunking polar bears in thick, black crude oil if it helped make the planet even hotter. But van Beurden, the 57-year-old engineer who has run Royal Dutch Shell for nearly two […]

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 […]

Shell/Exxon NAM JV cuts 2000 jobs due to low oil price and liability for Dutch earthquakes

“Thousands of buildings have been damaged in earthquakes caused by the ground settling after the gas has been removed. ‘NAM has continued to drill in Groningen even though it is well aware of the risks, and has put dozens of lives in danger…” By John Donovan: Saturday 19 Sept 2015 A spokesperson for the Dutch […]

Shell completes Corrib as partner confirms €243m loss

Shell Ireland has declared that the on-site work is now complete for the gas to flow from the Corrib Gas field. Some of the more than 900 employees pictured during construction of the Corrib Gas Processing Terminal at Bellanaboy. Irish Independent: By Gordon Deegan: Saturday 19 Sept 2015 Shell Ireland yesterday declared that on-site work […]

Shell Handed A Get-Out-Jail Card As Its $70 Billion Bid For BG Hits An Obstacle

Tim Treadgold, CONTRIBUTOR Shareholders in Royal Dutch Shell ngIf: ticker will be uncertain whether they should thank, or criticize, the Australian Government’s competition regulator for threatening the proposed $70 billion merger with rival oil and gas producer, BG Group ngIf: ticker . On one hand, a deal which could transform Shell is being threatened. On […]

Australia throws spanner in the works for Shell’s takeover of BG Group

by Sarah Spickernell Royal Dutch Shell’s takeover of rival BG Group has been postponed, after Australian regulators voiced concerns about the potential impact on domestic gas supplies.   In a statement today, Rod Sims, chairman of the Australian Competition and Consumer Commission (ACCC), claimed the deal was not in the best interests of Australian consumers, as […]

Australia delays decision on Shell bid for BG on gas supply concerns

Commodities | Thu Sep 17, 2015  * Regulator raises domestic gas supply, price concerns * ACCC to issue final decision on Nov. 12 * Shell says still expects to complete deal in Q1 2016  By Sonali Paul MELBOURNE, Sept 17 (Reuters) – Australia’s competition watchdog flagged concerns on Thursday that Royal Dutch Shell’s proposed $70 […]

Shell-BG Deal Poses Competition Concerns, Regulator Says

By James Paton Sept 17, 2015: BLOOMBERG.COM Royal Dutch Shell Plc’s $70 billion deal to buy BG Group Plc could reduce the supply of natural gas to local customers in Australia and boost prices, according to the nation’s competition regulator, which delayed a decision on the agreement until November. The transaction may decrease the incentive for Shell’s […]

Shell CEO says BG deal risk is overstated

Ed Crooks in New York: 13 Sept 2015 Investors have exaggerated the risk that Royal Dutch Shell will fail to complete its planned £43bn acquisition of BG Group, Shell’s chief executive has said. BG shares are trading at a substantial discount to the value of Shell’s offer, suggesting some in the market are concerned the deal […]

Groningen gas production challenged in Dutch court

THE HAGUE, SEPT 10 | BY TOBY STERLING (Reuters) – A Dutch high court on Thursday began hearing complaints from groups seeking to reduce or stop gas production at the Groningen gas field, Europe’s largest, to reduce the danger of earthquakes. No date has been set for a ruling by the Council of State, but […]

Riled Locals Fight Output From Europe’s Largest Gas Field

Groningen gas field produces 61 percent of Dutch fuel Complainants say gas extraction has caused earthquakes By Kelly Gilblom: BLOOMBERG.COM: Sept 10, 2015 A Dutch court is set to hear arguments that production from Europe’s largest natural gas field should be suspended because of earthquakes linked to extraction. The Netherlands has progressively cut the amount of […]

Shell CEO says only ‘something cataclysmic’ could stop BG deal

Sep 9 2015, 14:43 ET | By: Carl Surran, SA News Editor Royal Dutch Shell (RDS.A, RDS.B) CEO Ben van Beurden has told investors privately that only “something cataclysmic” – i.e., “if people stopped using energy” – could derail the company’s planned takeover of BG Group (OTCPK:BRGXF, OTCQX:BRGYY), WSJ reports. The episode is among the […]

Shell CEO Says Only ‘Something Cataclysmic’ Could Stop BG Merger

By SHAYNDI RAICE And SARAH KENT: Sept. 9, 2015  LONDON—Royal Dutch Shell CEO PLC Ben van Beurden has told investors privately that only “something cataclysmic” could derail the company’s $70 billion takeover of BG Group PLC, according to a person familiar with the matter. FULL ARTICLE

Shell CEO: The World Will Need More Oil

By Julia Limitone: Published September 08, 2015 During an interview with FOX Business Network’s Maria Bartiromo, Royal Dutch Shell’s (RDS.A) CEO Ben van Beurden said the company is responding with “vigor and determination” to cope with lower oil prices. “We started off the slide in oil prices with a low gearing 12.4%. Since then, we have […]

Regulatory worries, energy prices take shine off Shell-BG deal

…persistently low oil prices could yet lead Shell to rethink the deal are dampening sentiment. That has left BG shares trading at a discount to the Shell cash and share offer. LONDON | BY RONBOUSSO: Business News | Tue Sep 8, 2015 A look at valuations illustrates how regulatory concerns and stubbornly low energy prices have […]

Shell Cheapest in Six Years for Buyers Who Brave Takeover Doubts

“In the current oil situation, the market is also taking a view there’s a bit of risk that Shell could walk away,” By Rakteem Katakey: September 8, 2015 It’s the cheapest opportunity in six years to be a shareholder in Europe’s largest oil and gas company. BG Group Plc, the oil and gas producer Royal Dutch […]

Move Over Exxon, Russian Drillers Are Oil World’s Top Performers

By Stephen Bierman and Rakteem Katakey: Sept 8, 2015 At a time when the collapse in crude prices pushes Russia’s economy into a recession, the nation’s oil producers are managing to beat their western counterparts. On measures including cash flow, profit margins and share prices, OAO Rosneft, Lukoil PJSC — Russia’s two largest oil producers — and OAO […]

Russia’s Gazprom, Shell start talks on Baltic LNG project – Interfax

Moscow| Mon Sep 7, 2015 Russia’s Gazprom (GAZP.MM) and Royal Dutch Shell (RDSa.L) have started commercial talks on Baltic LNG project, Interfax news agency quoted Gazprom Chief Executive Alexei Miller as saying on Monday. The Russian gas producer plans to build a liquefied natural gas plant in the Baltic Sea port of Ust-Luga with an […]

Outspoken articles about Shell

Outspoken articles about Shell 2015 I WARNED WIKIPEDIA YEARS AGO THAT ALIAS EDITING WOULD RESULT IN SCANDAL: 7 Sept 2015 OSSL Whistleblower Email Sent to Irish Police, Irish Times and Shell on 28 August 2015: 28 Aug 2015 SHELL und DEUTSCHLAND (SHELL AND GERMANY): 18 Aug 2015 BVB Personal Journey? Was it to a bank […]

Gazprom and Shell Sign Shareholders’ Agreement on the Nord Stream 2 Project

NewswireToday – /newswire/ – Moscow, Russia, 2015/09/04 The Nord Stream 2 project envisages the construction of two offshore pipelines with the aggregate annual capacity of 55 billion cubic meters of gas to be constructed from Russia to Germany through the Baltic Sea. Today at the Eastern Economic Forum in Vladivostok, Alexey Miller, Chairman of the […]

Gazprom Seals Two Big European Deals

Russia’s Gazprom has bolstered its industrial presence in the heart of Europe with two major gas deals that were announced on Friday despite ongoing tensions with Moscow over the conflict in eastern Ukraine. The first of the deals, an asset swap with German chemicals group BASF that gives Russia greater access to gas trading and […]