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Posts under ‘Gas’

U.S. Is Seen as Laggard as Russia Asserts Itself in Warming Arctic

Sources: American Association of Petroleum Geologists, Bureau of Ocean Energy Management, IBRU at Durham University, Bordermap Consulting, KlimaCampus Integrated Climate Data Center, U.S. Geological Survey: By The New York Times By STEVEN LEE MYERSAUG. 29, 2015 ABOARD COAST GUARD CUTTER ALEX HALEY, in the Chukchi Sea — With warming seas creating new opportunities at the top […]

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 […]

Shell urges ‘prompt processing’ of Corrib pipeline application

Lorna Siggins: Thu, Aug 27, 2015 Shell E&P Ireland has urged the Department of Energy to ensure “prompt processing” of its application to operate the Corrib gas pipeline, as it says that “all of the elements of the Corrib gas field are in an advanced state of readiness”. The company has submitted an application to […]

BG Group share price: Gap between market valuation and Shell offer widens

…the growing gap between the offer value and the market value indicates increasing investor anxiety over the merger, thus markets are beginning to question the deal’s prospects of success… by Veselin Valchev: 26 Aug 2015 BG Group Plc’s (LON:BG) share price is sliding further away from the proposed offer by larger London-listed energy peer Royal Dutch […]

Shell-BG deal off?

By Oliver Haill | Sharecast – Tue, Aug 25, 2015 08:36 BST LONDON (ShareCast) – (ShareCast News) – A global stock market sell-off and tumbling oil prices have increased fears that some of this year’s largest takeover deals are at risk of falling apart – including Royal Dutch Shell (Xetra: R6C1.DE – news) ‘s $70bn bid for […]

Shell seeks permission to operate Corrib gas pipeline

by Joe Leogue: Wednesday, August 26, 2015 Shell Ireland has officially applied to the Government for permission to operate the controversial pipeline from the Corrib gas field off the coast of Mayo. The application is the first to be made under the Gas Act since the completion of its construction. The pipeline is a joint […]

Royal Dutch Shell Is Now A 7.54% Dividend Yield Monster

Aug. 24, 2015 6:45 PM ET Summary Stock market downturn takes Shell’s dividend yield to an astonishing 7.54%. The dividend looks reasonably safe. High initial yield but little growth expected in coming years. Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) doesn’t need an introduction. This Anglo-Dutch multinational is one of the largest, integrated oil & gas majors […]

Impact of Global Sell-Off on Shell-BG Group Deal

By: MICHEAL KAUFMAN: Aug 25, 2015 Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) earlier this year finalized its $70 billion merger deal with BG Group plc. (ADR) (NYSE:BRGYY). The cash-and-stock deal valued BG at $20 per share. Shell, based on BG’s stock price on April 7, agreed on paying a 50% premium. However, as yesterday’s sell-off and […]

Royal Dutch Shell bid for BG Group at risk of falling apart

Arash Massoudi and Miles Johnson: 24 Aug 2015 A global stock market sell-off and tumbling oil prices have increased fears that some of this year’s largest takeover deals are at risk of falling apart — including Royal Dutch Shell’s $70bn bid for UK rival BG Group. FULL ARTICLE

In the case of Royal Dutch Shell PLC’s agreement to buy BG Group PLC, the year’s largest announced deal, the spread widened to 13.7% Friday from 11.4% a week earlier. That is the widest since the deal was announced in April, as investors fret over the possibility that plummeting oil prices could cause Shell to […]

Oil Companies Sit on Hands at Auction for Leases

By CLIFFORD KRAUSS: AUG. 20, 2015 PAGE B1 IN NEW YORK EDITION HOUSTON — With oil prices collapsing and companies in retrenchment, a federal auction in the Gulf of Mexico on Wednesday attracted the lowest interest from producers since 1986. It was the clearest sign yet that the fortunes of oil companies are skidding so fast […]

Brazil regulator tells Shell, partners to develop two oilfields as one

RIO DE JANEIRO | BY MARTA NOGUEIRA: 18 Aug 2015 Brazil’s National Petroleum Agency (ANP) ruled that Royal Dutch Shell (RDSa.L) and its Qatari and Indian partners need to treat oil and gas fields in the Parque das Conchas area as a single deposit, Shell said, a move that could increase taxes on output. Shell […]

Royal Dutch Shell in framework LNG deal with private Chinese firm

18 August 2015 BEIJING: Royal Dutch Shell has entered a framework deal with a Chinese energy firm to jointly purchase and distribute liquefied natural gas, Shell said on Tuesday, a rare cooperation between a global energy company and a local private player. Shell signed the non-binding framework agreement with Guanghui Energy Co Ltd, which is […]

17 PAGE CONFIDENTIAL LETTER FROM SHELL LAWYERS TO US SECURITIES & EXCHANGE COMMISSION REGARDING TAKEOVER OF BG GROUP

FIRST PAGE ALL 17 PAGES PDF REPLY FROM SEC Securities Exchange Act of 1934 Sections 12(b) and 12(g) Investment Company Act of 1940 Section 7 August 7, 2015 Response of the Office of International Corporate Finance Division of Corporation Finance Response of the Office of Chief Counsel Division of Investment Management Re: Royal Dutch Shell […]

The New Cold War: The Arctic

It could set major oil companies against each other but also superpower against superpower as they scramble to exploit the last untapped giant reserves in a part of the world where territorial boundaries remain unclear. No wonder some fear a new cold war. FULL ARTICLE WELL WORTH READING

BVB Personal Journey? Was it to a bank or a casino?

By John Donovan Royal Dutch Shell CEO Ben van Beurden claims that he has been on a personal journey in relation to authorising Shell’s latest Arctic gamble. All due credit for the courage needed to take such a huge risk. The same applies to Shell’s takeover of the BG Group and the alliance with the corrupt […]

Shell Oil accidentally spills hundreds of thousands of pounds of toxic gas in Deer Park

Dylan Baddour, Houston Chronicle: Tuesday, August 11, 2015 On Sunday morning, hundreds of thousands of tons of toxic gas were accidentally released from the Shell Oil facility in Deer Park. According to reports from the Texas Commission on Environmental Quality, 326,166 pounds of butadiene escaped through an open valve on a spherical tank between 10:40 am […]

U.S. sanctions put Gazprom-Shell alliance plans in jeopardy

MOSCOW | BY DENIS PINCHUK AND KATYA GOLUBKOVA: Mon 10 August 2015 Royal Dutch Shell’s (RDSa.L) plans to build a strategic alliance with Russia’s Gazprom (GAZP.MM) could be in jeopardy after the United States added one of Gazprom’s biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement […]

U.S. Puts Russian Gas Field Off Limits as Sanctions Tighten

The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools and expertise, potentially disrupting Royal Dutch Shell Plc’s plans… Stephen Bierman, Elena Mazneva and Joe CarrollL BLOOMBERG.COM: 7 AUGUST 2015 The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools […]

Shell aims to invest billions in Brazil

Friday, 7 August 2015 Royal Dutch Shell is considering investing billions in Brazil, set to become a focal point after the planned acquisition of BG Group, even as it prepares to sell huge chunks of its business to pay for the $70bn (£45.11bn) deal. Despite a broad drive to cut spending in the face of […]

Shell eyes new Brazilian assets ahead of BG deal

Commodities | Fri Aug 7, 2015  * Shell earmarks up to $5 bln for further acquisitions * Oil majors to focus on Brazil‘s oil, LNG after BG deal * Shell to sell $30 bln in assets by 2018 By Ron Bousso LONDON, Aug 7 (Reuters) – Royal Dutch Shell is considering investing billions in Brazil, […]

Despite Western Sanctions Shell Agrees Asset Swop With Putin Regime

Shell Game: Anglo-Dutch Firm Deals Asset Swap, Shell Assets for Sakhalin III Piece By Kostis Geropoulos: 7 August 2015 Despite Western sanctions against the Russian government and businesses, Europe’s biggest oil company Anglo-Dutch Shell has agreed to swap a stake in one of its international energy assets in exchange for a piece of Gazprom’s Sakhalin […]

HSA refers Corrib tunnel death investigation to DPP

Lorna Siggins: Thu, Aug 6, 2015 Health and Safety Authority has referred the findings of its investigation into the death of a German national in the Corrib gas tunnel almost two years ago to the Director of Public Prosecutions (DPP). The authority confirmed to The Irish Times yesterday that it has completed its investigation into […]

Russia Stakes New Claim to Expanse in the Arctic

By ANDREW E. KRAMER AUG. 4, 2015 MOSCOW — Russia formally staked a claim on Tuesday to a vast area of the Arctic Ocean, including the North Pole. If the United Nations committee that arbitrates sea boundaries accepts Russia’s claim, the waters will be subject to Moscow’s oversight on economic matters, including fishing and oil and […]

August Off To A Shaky Start For Oil Markets

By Evan Kelly: Tue, 04 August 2015 August started off on a dour note for crude oil, with prices tanking by around 5 percent on August 3. A slew of negative news from around the world weighed on prices. The Greek stock market plummeted on the first day of trading after being closed for five weeks. […]

Shell to Strengthen Russian Hand Through Gazprom Asset Swap

by Rakteem Katakey: August 3, 2015: BLOOMBERG.COM Royal Dutch Shell Plc will swap a stake in one of its international energy assets for part of Gazprom PJSC’s Sakhalin-3 project as Europe’s biggest oil company extends ties with Russia. The companies are discussing which asset would be offered to Gazprom, Shell Chief Executive Officer Ben Van Beurden […]

Shell to dispose of its downstream assets and business completely?

A report in The Times today describes the plans for Shell Centre development: London waterfront to take on new look with Italian backing On the face of it it raises the question as to why, given the movement of the centre of gravity in Royal Dutch Shell to The Netherlands, RDS would want to hold […]

Choose Shell Over Greenpeace For Arctic Oil And Natural Gas

Jude Clemente: 2 August 2015 Greenpeace’s ongoing attack on Royal Dutch Shell is a concern for energy resource and thus human development around the world. It failed, but Greenpeace just tried to stop Shell’s icebreaker from leaving port in Portland, Oregon, in the hopes of blocking Shell’s drilling plans in the Arctic. Greenpeacers dangled from ropes […]

BG Group Profits Crash By 65%

By LAURA CHESTERS FOR DAILY MAIL The oil price rout found new victims on both sides of the Atlantic yesterday as BG Group and Chevron revealed profits had tanked. BG, which is in the process of being sold to Royal Dutch Shell, reported a 65 per cent fall in second quarter profit to £275.5million, while […]

Almost all of BG employees, even senior management expect to be let go

EXTRACTS FROM ANONYMOUS POSTINGS ON WEBSITE: thelayoff.com UNDER THE HEADING: EXTRACTS It’s Official SHELL to layoff 6500 employees Also this 6500 number doesn’t count the contractors and BG employees. Almost all of BG employees, even senior management expect to be let go. Anonymous127132 20 days ago (Sun 07/12/15 07:47:56 UTC) Shell Houston Secret Reductions While Shell […]

Shell toughens local project hurdles

Matt Chambers: Resources Reporter: Melbourne: 31 July 2015 Oil major Shell has laid down tougher hurdles for its Australian projects including Browse LNG off Western Australia and Arrow coal-seam gas in Queensland. It has cut the oil price at which new projects need to go ahead and flagged a major LNG project ­pipeline overhaul if its planned […]

Shell, Eni say look to return to Iran

Fri Jul 31, 2015 Royal Dutch Shell and Italy’s largest oil producer Eni say they are looking to return to projects in Iran’s upstream oil and gas sectors.  “For us, (Iran) is a huge gas province so it would be good to be there — in conventional gas — at the right terms,” Shell’s financial […]

Shareholders should demand that Shell’s activities in the Arctic be stopped

By a Regular Contributor Hopefully, Shell will soon accept that in the US Arctic their position is now untenable… If RDS wants to cut capex (and exposure), FLNG is a good place to start, as Simon Henry suggested yesterday. The Arctic should be next.  The Arctic is rapidly acquiring a similar profile to the Brent […]

Royal Dutch Shell signals Browse FLNG go-ahead far from certain for 2016

By Angela Macdonald-Smith: Jul 30 2015 Royal Dutch Shell has signalled that a final go-ahead next year for the Browse floating liquefied natural gas project in Western Australia is far from a certainty given the cost challenges of the venture in the depressed oil price environment. Chief financial officer Simon Henry listed Browse among several large international […]

Shell to cut jobs, spending to cope with lower oil prices

LONDON | BY RON BOUSSO AND KAROLIN SCHAPS: 30 July 2015 Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas company also said […]

More and bigger drilling-linked earthquakes rattle Oklahoma

By Heide Brandes: 28 July 2015 OKLAHOMA CITY (Reuters) – Several earthquakes shook Oklahoma on Monday as the state experiences a sharp increase in the frequency of tremors linked to wastewater disposal from gas and oil drilling, including from fracking, state and federal officials said. Three of Monday’s quakes measured above a magnitude 4.0, with […]

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 […]

British energy giants set to axe costs in a bid to cope with falling gas and oil prices

BG could reveal a 75 per cent fall in profit to £200million By LAURA CHESTERS FOR THE DAILY MAIL: 26 July 2015 The falling price of oil and gas continues to take its toll on energy firms as British Gas-owner Centrica, BP and Royal Dutch Shell are set to reveal increased cost cutting to cope. The […]

Brazil clears $70 bln BG-Shell merger, BG says

Markets | Fri Jul 24, 2015 5:53pm EDT BG Group Plc on Friday confirmed that it has received final unconditional clearance from Brazilian competition authority CADE for its acquisition by bigger rival Royal Dutch Shell. The clearance of the $70 billion merger follows the 15-day period during which the preliminary approval granted by CADE on […]

Shell-BG merger approved by Brazil

THE HAGUE, July 24, 2015 /PRNewswire/ — NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) today announced that its recommended combination with BG […]