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Posts under ‘Gas’

Shell Forced to Scale Back Ambitions

By James Stafford: Thu, 26 November 2015 As with most oil companies, 2015 has been a rough year for Royal Dutch Shell. The Anglo-Dutch company reported a third quarter loss of $6 billion, which included $7.9 billion in impairment charges. During its third quarter earnings call, Shell’s CEO Ben van Beurden summed up the company’s strategy, […]

Some Thoughts On Royal Dutch Shell’s Dividend In 2016

Casey Hoerth, Casey’s Finance Journal (Blog) : Nov. 25, 2015  Summary Shell expects substantial cost savings and capex cuts in 2016. Dividend sustainability in 2016 will depend on Brent crude prices. At this time, I prefer companies that can actually acquire with oil at these prices. Back in April, I wrote that Royal Dutch Shell’s (NYSE:RDS.A) dividend, […]

Shell wins backing of Qataris for BG takeover

One of the biggest shareholders in Royal Dutch Shell has thrown its weight behind the oil group’s £43 billion takeover of BG Group, despite mounting concerns about the impact of plunging oil prices on the commercial logic that underpins the deal. The Qatar Investment Authority, the sovereign wealth fund that holds a stake of up […]

Shell under fire over BG Group takeover as oil price slump continues

Robin Pagnamenta Energy Editor: November 24 2015 A leading Royal Dutch Shell shareholder has urged it to consider renegotiating the terms of its £43 billion takeover of BG Group. It said that circumstances had “changed so much” since the proposed deal was announced in April that Shell should cut the price. Figures show that investors are […]

Gas Field quakes hit Dutch dykes

Senay Boztas AMSTERDAM: 22 Nov 2015: Sunday Times THE Dutch are being forced to earthquake-proof their dykes after a spate of tremors blamed on the effects of extracting gas from the vast field running beneath the country. Although Holland lies far from any big geological fault lines, half a century of exploitation of the Groningen field […]

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 […]

China wants LNG supply concessions in return for BG merger approval, sources say

Beijing holding a “wonderful piece of leverage” by Veselin Valchev: Friday, 20 Nov 2015 Royal Dutch Shell Plc (LON:RDSA) might have to shell out in order to get regulatory approval from Chinese authorities for its proposed takeover of fellow UK energy giant BG Group. According to unnamed sources cited by Reuters, the Chinese ministry of commerce […]

In Shell-BG review, China wants concessions on huge gas deals

LONDON/BEIJING | BY RON BOUSSO, DMITRY ZHDANNIKOV AND CHEN AIZHU: Deals | Thu Nov 19, 2015 Chinese regulators vetting Royal Dutch Shell’s (RDSa.L) proposed merger with BG Group (BG.L) are pressing the Anglo-Dutch company to sweeten long-term gas supply contracts in a move that could cast new doubt over the near-term benefits of the $70 billion […]

Shell to decide on Ormen Lange subsea compression in 2016

STAVANGER, NORWAY: Business News | Thu Nov 19, 2015 Shell plans to decide next year whether to resume installing subsea compressors at its giant Ormen Lange field offshore Norway, a company’s senior executive said on Thursday, after stopping the project last year to save costs. “We still expect in the course of 2016 that we will […]

Shell’s BG Deal Cleared by Australian Competition Regulator

By James Paton: November 18, 2015: Agreement on track to be completed in early 2016, Shell says Shell’s plan had faced concerns over gas supply in Australia Royal Dutch Shell Plc’s $70 billion deal to buy BG Group Plc was cleared by Australia’s competition watchdog despite concerns it could reduce natural-gas supply to local customers and […]

Safety risks prompt Dutch court to order cuts at Groningen gas field

Sectors | Wed Nov 18, 2015 4:33pm IST By Anthony Deutsch and Toby Sterling A Dutch court on Wednesday ordered more cuts in gas production at Groningen, Europe’s largest gas field, saying the government had given too little consideration to the stronger and more frequent earthquakes extraction had caused. Output at the field, the world’s […]

Exxon’s Dutch Gas Gag

Liam Denning: November 18, 2015 If you’ve never been to Groningen, it’s a pleasant college town in the northern Netherlands. It also happens to share its name with one of the world’s largest natural gas fields. Tourists are best advised to focus on the scenic bicycling routes. Exxon Mobil is more attuned to what lies […]

Australia watchdog clears Shell’s $70 billion bid for BG Group

MELBOURNE | BY SONALI PAUL: Business News | Thu Nov 19, 2015  Royal Dutch Shell (RDSa.L) cleared a major hurdle to its $70 billion (46 billion pounds) takeover of BG Group (BG.L) on Thursday, winning a green light from Australia’s competition watchdog, which said the deal would not change the dynamics of the domestic market. The […]

ACCC clears Shell’s $98b takeover of BG Group

To the relief of Shell, the Australian Competition and Consumer Commission waved through the mega-merger on Thursday… Angela Macdonald-Smith: Energy Reporter East coast gas buyers left disappointed by the competition regulator’s unconditional approval for Royal Dutch Shell’s $US70 billion ($98 billion) takeover of BG Group have turned their attention to the Foreign Investment Review Board as […]

Dutch court orders more cuts in gas production

Wednesday 18 November 2015 [JURIST] The Dutch Council of State [official website, in Dutch] on Wednesday ordered [judgment, in Dutch; press release, in Dutch] more cuts in gas production. The court came to this decision after stronger and more frequent earthquakes occurred in the Netherlands as a result of extraction. The Groningen [BBC backgrounder], the […]

Corrib gas project spend to top €3.6bn as Shell await Government approval

The costs of the Corrib gas project are set to top €3.6bn by the end of this year, more than four times the original estimate of €800m. Gordon Deegan: Wednesday, November 18, 2015 Yesterday, operator Shell E&P Ltd confirmed that the 2015 spend by the Corrib partners on the field will be €260m. Some €320m […]

Dutch Court to Rule on Gas Output From Europe’s Biggest Field

Anna Shiryaevskaya, Fred Pals and Kelly Gilblom: 18 November 2015: Final ruling Wednesday on output from EU’s biggest gas field Government plans to decide on future production in December A Dutch court will Wednesday decide on the future of Europe’s largest natural gas field as local residents seek to stop tremor-inducing production that’s damaging their houses. […]

Shell racks up nearly €100m loss as it waits on go-ahead for first Corrib gas

Corrib Gas Project mired in corruption allegations and a related cover-up led by Michael Crothers Paul O’Donoghue: 18 November 2015 The company behind the controversial Corrib gas project racked up losses of over €98m last year as it awaits a final government permit to begin flowing gas at the site. Accounts just filed for Shell […]

HERE FIRST TEN DAYS AGO: Lorraine Mitchelmore Fired

Michael Crothers at Shell E&P Ireland Limited By John Donovan On 7 November, we published the first news of the firing of Lorraine Mitchelmore, the President and Country Chair of Shell Canada. The information, which came from a Shell insider source, was posted on our Shell Blog under the alias of “Manny” The departure of Lorraine Mitchelmore has been confirmed […]

Shell plans to retain four senior BG executives after merger – memo

Business News | London Mon Nov 16, 2015 Royal Dutch Shell plans to retain four members of BG Group’s executive team after the companies’ planned merger next year, according to an internal memo seen by Reuters on Monday. The memo indicates that the planned $70 billion takeover of BG by Shell remains on track. Shell […]

Shell Plans to Retain Four Senior BG Executives After Merger

By Javier Blas: November 16, 2015 BG COO Sami Iskander to join Shell as head of joint ventures Shell to retain head of BG trading business Steve Hill Royal Dutch Shell Plc plans to retain four senior executives from BG Group Plc after the merger between the two oil and gas groups completes next year, according […]

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 […]

ACCC under pressure as gas buyers push Shell gas concerns

by Angela Macdonald-Smith: Nov 12 2015 In a country touting itself as “open for business”, the national competition regulator looms as a major hurdle in what could be the world’s biggest energy merger this decade, Royal Dutch Shell’s $US70 billion ($99 billion) swallowing of BG Group. Despite Shell’s global chief Ben van Beurden claiming “massive support” from federal and state politicians for the merger, […]

Shell share price: Australia boss sees no competition issues with BG tie-up

by Veselin Valchev: Thursday, 12 Nov 2015 Andrew Smith, chairman of Royal Dutch Shell Plc’s (LON:RDSA) Australian unit said he sees no local competition issues with the oil major’s bid to acquire fellow British energy giant BG Group, in contrast with reservations expressed by the Aussie competition regulator last month. The Australian Competition and Consumer Commission […]

Shell seeks permission for Russian JV

Shell has asked regulators for permission to work with Gazprom Neft on a joint venture, Khanty-Mansi Oil and Gas Union, despite the continuing EU and United States sanctions against Russia. ACCESS TO FULL ARTICLE SUBJECT TO SUBSCRIPTION

Shell Australia chairman Andrew Smith says LNG needed to develop Arrow gas

By Energy Reporter: Angela Macdonald-Smith: 12 Nov 2015 Shell Australia chairman Andrew Smith has insisted there are no issues of competition raised in eastern Australia with the oil giant’s planned $US70 billion ($98 billion) takeover of BG Group and that letting the deal proceed is the best way of ensuring the company’s undeveloped gas resources in […]

Commemorating the 20th Anniversary of the Extra Judicial Death of Ken Saro-Wiwa & all the Ogoni 9

10 Nov 2015, Dublin Ireland Shell to Sea Activists and AFRI commemorated the 20th Anniversary of the deaths of Ken Saro-Wiwa and the Ogoni Nine outside “Corrib House:” Shell’s Irish Headquarters in Dublin. The activists carried crosses bearing the names of each of the men executed by the corrupt Nigerian Government on 10 November 1995. […]

Pickard quits Shell

Peter Klinger: November 11, 2015 Ann Pickard, once dubbed the “bravest woman in oil and gas” before she transformed Royal Dutch Shell’s century old presence in Australia, has quit the Anglo-Dutch giant. However, the decision to retire from Shell will not spell the end of her exposure to oil and gas, and LNG in particular which […]

Ineos agrees shale gas deal with Shell and ExxonMobil

A deal to supply energy giants Shell and ExxonMobil with American shale gas from the Ineos plant at Grangemouth has been hailed a “landmark agreement”. The Fife Ethylene Plant (FEP) in Mossmorran will receive the ethane from US shale gas, which is obtained using the controversial hydraulic fracturing “fracking” technique, from the middle of 2017. […]

Is Royal Dutch Shell Plc Making A Big Mistake By Acquiring BG Group plc?

By Rupert Hargreaves | 9 November 2015 Royal Dutch Shell’s (LSE: RDSB) £47bn cash-and-stock offer for BG (LSE: BG) is one of the largest takeover deals ever to take place in the UK. However, the deal is also rapidly becoming one of the most controversial takeover deals ever to take place here. One fund management is now […]

Shell share price: Fund manager boss attacks tie-up with BG

Jupiter Fund Management exec likens deal to RBS’ purchase of ABN Amro by Alice Young: Monday, 09 Nov 2015 08:40 GMT A senior executive at one of the City’s biggest fund managers has attacked Royal Dutch Shell’s (LON:RDSA) proposed takeover of BG Group (LON:BG), The Times has reported. The comments come after the Anglo-Dutch giant’s […]

Fund boss blasts Shell’s pursuit of BG Group

Martin Waller: 8 November 2015 A senior executive at one of the City’s biggest fund managers has attacked the proposed takeover of BG Group by Royal Dutch Shell, likening it to the disastrous purchase of ABN Amro by Royal Bank of Scotland in 2007, soon before the financial crisis. Ian McVeigh, head of governance at […]

Plan for equality on Shell merger

Plan for equality on Shell merger Jane Harper: Herald Sun: November 8, 2015  A PEAK manufacturing group has urged the competition watchdog to place conditions on Royal Dutch Shell’s multibillion-dollar buyout of oil and gas heavyweight BG Group. The proposed $US70 billion ($99 billion) deal would be one of the biggest in the oil and […]

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 update on BG takeover stokes fears for North Sea jobs

The update fuelled fears about the implications for the North Sea, where Shell and BG have around 2,800 staff and contractors working in total. Both have big operations centres in Aberdeen. The company has shed 7,500 posts globally this year in response to the crude price plunge. It has cut 500 North Sea jobs since […]

Shell’s boss fights to keep BG deal alive as he attempts to calm jittery investors

By LAURA CHESTERS FOR DAILY MAIL: 3 November 2015 Royal Dutch Shell chief executive Ben van Beurden is the oil industry’s equivalent of a swan – below his calm demeanour he is furiously paddling to keep his planned £40billion mega-deal afloat. Shell is buying rival BG Group and, to get the deal away and for […]

Angela Macdonald-Smith: November 4, 2015 Royal Dutch Shell remains unequivocally bullish on prospects for liquefied natural gas despite the current market glut, pointing to several options for new supply projects after its planned $US70 billion ($97 billion) takeover of BG Group and plenty of new markets opening up around the world. “The fundamentals of this market look […]

Shell carves more savings from BG Group deal, expects further job cuts

Posted on November 3, 2015 | By Collin Eaton HOUSTON — Shell has found another $1 billion in costs it could shake free after it buys BG Group, company officials said Tuesday, partly in response to critics of the huge acquisition Shell announced when crude was more expensive in the spring. The cuts would mean […]

Shell makes further cost cuts of £650m to keep BG takeover on track

Sean Farrell: Tuesday 3 November 2015 12.43 GMT Investors have been nervous about Shell’s purchase of BG since it was announced in April. At the time, Shell suggested oil prices would recover to $90 a barrel by 2020. However, they have fallen from $115 a barrel last year to less than $50 and are predicted to stay […]

Shell Steams Ahead With BG Takeover With Promise of More Savings

Rakteem Katakey: November 3, 2015: Raises estimates of savings after combination to $3.5 billion Gas business becomes stand-alone unit under Maarten Wetselaar Royal Dutch Shell Plc said its record takeover of BG Group Plc will still deliver value to investors even in a prolonged oil-industry downturn and reshaped its business in preparation for the […]

Shell predicts $1bn more cost savings from BG takeover

The collapse in oil prices over the past year has raised concerns among some investors that Shell may have overpaid for BG and the group has been seeking to turn round this shareholder scepticism. FULL FT ARTICLE

Appointment of Maarten Wetselaar as Integrated Gas Director

Maarten Wetselaar, Integrated Gas Director, Royal Dutch Shell Plc THE HAGUE, the Netherlands, November 3, 2015 /PRNewswire/ — Royal Dutch Shell plc (“Shell”, NYSE: RDS.A, NYSE: RDS.B)) today announces the appointment of Maarten Wetselaar Integrated Gas Director with effect from January 1st, 2016. Integrated Gas in Shell has grown into a business that generated $11 […]

Shell Says Purchase of BG Group Would Allow Further Cost-Cutting

By STANLEY REED: NOV. 3, 2015 LONDON — Royal Dutch Shell said on Tuesday that its planned acquisition of BG Group, the British oil and gas producer, would lead to major cost-cutting opportunities as well as sales of oil and gas properties. As it prepares to complete the deal, expected early next year, Shell also said […]

BUZZ-BG up more than 1 pct as Shell backs deal

Commodities | Tue Nov 3, 2015 10:17am GMT ** BG Group and Shell outperform the FTSE 100 in the wake of Shell’s recommitment to its planned $70 bln takeover of its smaller rival ** Shell announces plans for further benefits & cost cuts aimed at making deal work with oil at mid-$60s/barrel & says it […]

Shell Reorganizes Natural Gas Business as BG Takeover Approaches

Rakteem Katakey: November 3, 2015: Maarten Wetselaar to lead stand-alone Integrated Gas business Marvin Odum to lead new Unconventional Resources unit Royal Dutch Shell Plc announced organizational changes in its business as it prepares for its biggest ever takeover amid what it expects to be a prolonged downturn in oil prices. Europe’s biggest oil […]

Royal Dutch Shell plc Management Day November 2015

LONDON, November 3, 2015 /PRNewswire/ — NOT FOR RELEASE, PRESENTATION, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISIDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.   Competitive underlying performance in low oil prices – planning for prolonged downturn  Both net investment […]

Shell sees $70 billion BG deal working even with $60s/barrel oil

Tue Nov 3, 2015 3:02am EST: LONDON Royal Dutch Shell (RDSa.L) on Tuesday again sought to assuage investor concerns over its planned $70 billion takeover of BG Group (BG.L) as it announced plans for further synergies and cost cuts aimed at making the deal work with oil prices in the mid-$60s a barrel. The Anglo-Dutch […]

Shell handed improvement notice over North Sea gas leak

Written by Niamh Forrest – 02/11/2015 Oil major Shell has been handed an improvement notice by the HSE (Health and Safety Executive) after a gas leak earlier this year. The company launched an investigation in January this year after a suspected gas leak near to the Curlew FPSO(Floating, Production, Storage and Offloading) vessel in the […]

Shell share price: Oil major sells downstream assets

by Veselin Valchev: Monday, 02 Nov 2015 Royal Dutch Shell Plc (LON:RDSA) announced today that it has completed the sale of two assets from its downstream portfolio as part of its strategy to divest lower-margin businesses, as profits wane amid the depressed oil price. The Hague-based oil major has completed the sale of its Butagaz liquefied […]