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Shell fined by Scottish court for 2011 North Sea oil spill

“Despite being responsible for the worst North Sea spill in a decade, the level of the fine is literally a drop in the ocean when compared to the billions earned by Shell annually…” LONDON: Business News | Tue Nov 24, 2015 2:42pm GMT Oil major Royal Dutch Shell (RDSa.L) was handed a 22,500 pound fine […]

Shell Canada fined $825,000 for Sarnia refinery pollution

CALGARY, ALBERTA Nov 24 The Ontario government on Tuesday ordered Shell Canada, a wholly owned subsidiary of Royal Dutch Shell, to pay C$825,000 ($620,487.36) in fines for discharging a contaminating odour from its Sarnia refinery in 2013. In a statement, the Ontario Ministry for Environment and Climate Change said Shell had pleaded guilty to one […]

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 […]

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 […]

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 […]

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 […]

US oil settles down $1.01, or 2.42%, at $40.74 a barrel

Oil fell over 2 percent on Friday, extending the week’s loss to the largest in eight months, pressured by swelling storage of crude on both land and sea. U.S. crude traded slightly above $40 a barrel while benchmark Brent was less than $2 from setting new 6½-year lows. The slump widened to oil products with […]

Japan’s Idemitsu Kosan to take over smaller refiner Showa Shell in $4 billion deal

By Reuters | 12 Nov, 2015 TOKYO: Japan’s Idemitsu Kosan Co agreed on Wednesday to take over smaller refiner Showa Shell Sekiyu in a deal worth about $4 billion that will create Japan’s second-biggest refiner by capacity. The refiners are finalising the terms of the deal and expect the combined company to start operating between […]

Keystone rejection tied to climate inaction frustration-Shell CEO

Markets | Fri Nov 6, 2015 3:38pm EST By Mike De Souza Nov 6 (Reuters) – The U.S. rejection of the proposed Keystone XL pipeline was driven in part by protesters who are increasingly frustrated with inaction on climate change, Royal Dutch Shell Plc Chief Executive Ben van Beurden said on Friday. Speaking at the […]

Shell Canada says Keystone XL was already in uncertainty window

Shell Canada says Keystone XL was already in uncertainty window CALGARY: Fri Nov 6, 2015 Royal Dutch Shell PLc said on Friday there are at least three other possible pipeline alternatives to TransCanada Corp’s Keystone XL project, which was rejected by U.S. President Barack Obama, and Shell would like to see at least one approved. […]

Shell Canada carbon capture likely last to get Alberta subsidies

CALGARY, ALBERTA | BY MIKE DE SOUZA: Commodities | Thu Nov 5, 2015 9:01pm GMT Royal Dutch Shell’s launch on Friday of Canada’s first oil sands project to capture and bury carbon emissions – assisted by generous public subsidies – will likely be the last to get such funding, the Alberta government said this week. The […]

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 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 […]

LNG moves from blessing to curse for BG/Shell

By Andy Critchlow October 30, 2015 The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Liquefied natural gas is taking the shine off Shell’s $70 billion takeover of BG Group. When the Anglo-Dutch major launched its deal in April, LNG was one of the main ways it justified the deal to […]

Shell profits slump after huge write-offs

Business News | Thu Oct 29, 2015 7:18am GMT Royal Dutch Shell (RDSa.L) on Thursday reported a sharp drop in third-quarter profits on the back of low oil prices and a hefty $8.2 billion (5.4 billion pounds) charge which included write-offs in Alaska and Canada. Shell’s current cost of supplies (CCS) earnings excluding identified items, […]

Australia defers decision on Shell’s BG bid by a week to November 19

MELBOURNE: Thu Oct 22, 2015  Australia’s competition watchdog said it has postponed a final decision on Royal Dutch Shell’s (RDSa.L) $70 billion takeover of BG Group (BG.L) by a week to November 19, following an earlier deferral in September. The Australian Competition and Consumer Commission (ACCC) had said last month that market participants had expressed concerns […]

U.S. cancels Arctic offshore lease sale after Shell drops interest

WASHINGTON: Fri Oct 16, 2015 The U.S. Interior Department on Friday said it would cancel two potential Arctic offshore lease sales after Royal Dutch Shell PLC (RDSa.L) said that it was not interested in those leases. “In light of Shell’s announcement, the amount of acreage already under lease and current market conditions, it does not […]

Shell asks shippers exporting Nigerian oil to sign NNPC guarantee

Fri Oct 9, 2015 LONDON Oct 9 (Reuters) – Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a “letter of comfort” (LoC) to guarantee that its oil is not stolen, an email from the company seen by Reuters showed. “Please be informed we expect LPG & Products ship owners to […]

Shell CEO sees first signs of oil price recovery

Business News | Tue Oct 6, 2015 Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. “I see the first mixed signs for recovery of oil prices,” Ben van Beurden told an oil industry […]

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 […]

Shell pulls the plug on Arctic exploration

Mon Sep 28, 2015 6:21am EDT By Karolin Schaps (Reuters) – Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude, a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky. The withdrawal came six weeks after the final U.S. clearance […]

Shell, Statoil among energy companies forging climate advice group

Green Business | Thu Sep 24, 2015  Representatives from energy companies including oil heavyweights Shell and Statoil have joined forces to advise on making cleaner energy decisions, the latest push by energy firms to become more pro-active on climate issues. Shell Chairman Chad Holliday, Statoil Vice-President Bjorn Otto Sverdrup and RWE Chief Executive Peter Terium […]

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 drills dry well in the Norwegian Sea -NPD

Mon Sep 14, 2015 OSLO, Sept 14 (Reuters) – Royal Dutch Shell Plc drilled a dry well in the southern section of the Norwegian Sea, The Norwegian Petroleum Directorate (NPD) said on Monday. This is the first exploration well in production licence 793 awarded in the 2015 pre-defined licensing round (APA), NPD said. Shell, operator […]

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 […]

Shell confirms has canceled Westward Ho pipeline project

HOUSTON | BY KRISTEN HAYS: Tue Sep 8, 2015 Royal Dutch Shell shelved its Louisiana-to-Texas Westward Ho pipeline after years of delays, reductions in scope and after other new pipelines began flowing, a spokeswoman confirmed on Tuesday. “After a thorough review and as a result of changing market conditions, Shell Pipeline Company LP has decided […]

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 […]

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 […]

Shell extends Ferrari partnership for five more years

Ferrari Formula One team principal Maurizio Arrivabene looks on during the first free practice session for the Italian F1 Grand Prix in Monza September 4, 2015. REUTERS/MAX ROSSI: Sports | Sun Sep 6, 2015 1:43pm BST: MONZA, ITALY Shell and Ferrari have extended the oldest partnership in Formula One for a further five years, both sides […]

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 […]

Dutch Court Says Gas Producer Must Compensate Homeowners in Quake Zone

By REUTERS SEPT. 2, 2015 AMSTERDAM — A court in the Netherlands ruled on Wednesday that a natural gas company, a joint venture by Royal Dutch Shell and Exxon Mobil, must compensate homeowners for declines in the value of their properties because of earthquakes linked to production at the Groningen field. The ruling by the court […]

BG says European Commission signs off on Shell bid

Wed Sep 2, 2015 BG Group Plc (BG.L) said the European Union’s antitrust regulators had approved Royal Dutch Shell Plc’s (RDSa.L) $70 billion takeover bid for the oil and gas producer. The deal, which will help Shell compete better with world No. 1 oil major ExxonMobil (XOM.N), has already received the green light from regulators […]

Exclusive : BG puts Thai gas field stake worth $1.2 billion on sale – sources

HONG KONG/LONDON | BY DENNY THOMAS AND RON BOUSSO: TUESDAY Sept 1, 2015 BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake valued at around $1.2 billion in Thailand’s huge Bongkot offshore gas field, people familiar with the matter said. The move represents […]

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 […]

U.S. gives Shell final nod to drill for oil in Arctic

Markets | Mon Aug 17, 2015 By Timothy Gardner Aug 17 (Reuters) – The Obama administration granted Royal Dutch Shell final clearance on Monday to resume drilling for oil and gas in the environmentally fragile Arctic Ocean for the first time since 2012, a move green groups vowed to fight. The U.S. Department of the […]

U.S. Coast Guard sees added burden in Shell’s Arctic quest

The U.S. Coast Guard Legend-class national security cutter USCGC Waesch In 2012, the last time the company explored in the Arctic, Coast Guard helicopters had to rescue 18 Shell workers from an out-of-control oil rig in stormy seas, one of several mishaps the company suffered that year. The rig ran aground and had to be scrapped. […]

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 […]

New head of Nigeria’s state oil company sacks top management

By Julia Payne Aug 5 (Reuters) – The new head of Nigeria’s state oil firm dismissed senior managers after a government directive, the company said on Wednesday, barely a day after President Muhammadu Buhari appointed him as managing director. “All of the executive directors were let go … Buhari wanted a clean slate,” one 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, […]

Oil sinks below $50

Oil dives 5 percent to six-month low under $50 on China worry Markets | Mon Aug 3, 2015 4:21pm EDT Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout. Growing concerns over excess […]

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 […]

Oregon ‘kayaktivists’ to protest Shell Arctic oil search

PORTLAND, ORE., JULY 28 | BY SHELBY SEBENS Protesters began gathering in a riverside park in Portland Tuesday evening, planning to drop kayaks in the water to protest Wednesday’s scheduled launch of a ship to be used by Royal Dutch Shell for Arctic oil exploration. Following the lead of protesters in Seattle who tried to […]

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 […]

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 […]

U.S. says Shell is not yet allowed to drill in Arctic oil zone

The Department of the Interior conditionally granted Shell permits for oil exploration in the Chukchi Sea off Alaska. Timothy Gardner: Jul 22, 2015  WASHINGTON (Reuters) – The U.S. Interior Department on Wednesday granted Royal Dutch Shell <RDSa.L> two final permits to explore for crude in the Arctic this summer, but said the company cannot drill into […]

S&P cut its rating on Shell after big BG merger

Standard & Poors cut its rating on Royal Dutch Shell Plc (RDSa.L) by one notch to ‘AA minus’ from ‘AA’, citing a weaker financial risk profile, mainly due to soft oil prices, and continuing substantial capital expenditures. The rating agency said the outlook on the company is negative reflecting possible adverse effects on credit metrics […]

FT: Shell Expected to Reduce Capex for the Year

by  Reuters| Monday, July 20, 2015 (Reuters) – Royal Dutch Shell, which is all set to acquire rival BG Group Plc, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reported on Sunday, citing sources. A substantial cut to this year’s capital investment […]

Shell expects oil price recovery to take several years

Ron Bousso, Karolin Schaps and Dmitry Zhdannikov, Reuters LONDON (Reuters) – Royal Dutch Shell expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth. The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption […]