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Australia Defers Decision on Shell’s Takeover of BG

Australia and China are the two regulatory hurdles yet to be cleared after Europe’s highest antitrust regulator approved the deal unconditionally on Wednesday By ROBB STEWART: Sept. 2, 2015 MELBOURNE, Australia–Australia’s antitrust regulator has given itself more time to consider Royal Dutch Shell PLC’s planned takeover of U.K.-based oil-and-gas firm BG Group PLC. FULL ARTICLE

ACCC defers decision on Royal Dutch Shell’s $US70b BG Group takeover

BG’s Queensland Curtis LNG plant would be owned by Shell if the merger is approved. Photo: Bechtel Royal Dutch Shell Group will have to wait a bit longer for Australian regulatory clearance of its proposed $US70 billion ($99.4 billion) takeover of BG Group after the national competition authority delayed its decision on the deal. The decision, […]

What’s at stake for Alaska in Shell’s Arctic exploration? Plenty

The Transocean Polar Pioneer sits in the Chukchi Sea on Aug. 5, 2015 Paul Fuhs: September 2, 2015 A lot has been said by many people about Shell’s Arctic drilling program but I have yet to see a real analysis of what it would mean for Alaska and our people. Some have said: “Well, it is […]

Shell, Exxon Ordered to Pay Groningen Earthquake Compensation

By MAARTEN VAN TARTWIJK: Sept. 2, 2015  AMSTERDAM—A Dutch court ruled Wednesday that Royal Dutch Shell PLC and Exxon Mobil Corp must compensate homeowners for a drop in house prices caused by earthquakes linked to production at the Groningen gas field. The ruling could open the door to a wave of compensation claims against the energy […]

Shell still has to prove its BG Group takeover is a slick deal

Nils Pratley: Wednesday 2 September 2015  As its £55bn purchase moves closer, falling oil prices mean Shell’s offer is looking less compelling than it did when first announced read more

Emma Thompson broke a legal injunction at Shell Centre

The actress broke a legal injunction aimed at stopping Greenpeace activists from crossing a line drawn around the South Bank building  She stuck a giant paw print on the offices with the names of opponents of drilling in the Arctic Shell has been given permission by the US government to drill for oil and gas […]

Act of Mass Defiance Against a Shell Legal Injunction today

Emma Thompson joins Arctic drilling protest against Shell in London Seven million people have joined the Arctic movement by signing up at savethearctic.org/ArcticRoar. More than 600,000 from the UK. 02 Sept 2015 Acclaimed British actress and screenwriter Emma Thompson has just announced she will be joining an act of mass defiance against a Shell legal […]

Shell-BG Recommended Combination Receives EU Antitrust Clearance

THE HAGUE, September 2, 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 […]

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 […]

Greenpeace activists install giant polar bear outside Shell’s London headquarters

Rose Troup Buchanan: Wednesday 02 September 2015 Greenpeace campaigners, including actress Emma Thompson, installed an inflatable polar bear the size of a double-decker bus outside Shell’s London headquarters to demonstrate against the company’s drilling in the Arctic on Wednesday. The sixty-odd activists, six of who are attached to the three-tonne bear named Aurora, moved into place […]

Mr. Obama’s Urgent Arctic Message

By THE EDITORIAL BOARD SEPT. 1, 2015 A version of this editorial appears in print on September 2, 2015, on page A24 of the New York edition A presidential trip has enormous power to focus attention on a place and an issue, and President Obama’s trip to Alaska has been minutely choreographed with visits to glaciers, […]

Shell President: ‘Oil Will Be Required for a Long Time’

ANCHORAGE, Alaska — Sep 2, 2015, 12:31 AM ET By DAN JOLING Associated Press The president of Shell Oil Co. said Tuesday exploratory drilling off Alaska’s northwest coast is going well despite stormy weather last week that caused the company to halt operations for a few days. And in an interview with The Associated Press […]

Alaska seeks balanced energy agenda

State leader sees the oil era ending, but development still vital to Alaska’s economy. By Daniel J. Graeber     |   Sept. 1, 2015  ANCHORAGE, Alaska, Sept. 1 (UPI) — Alaska needs to exploit its vast natural resources, but do so in a way that heeds the growing threats of climate changes, the state’s lieutenant governor […]

Drilling in the Arctic could lock us into catastrophic climate change

Annie Leonard: Sept 1, 2015 The Arctic sits at the forefront of a rapidly destabilizing climate, and this week President Obama traveled there to highlight the urgency of our world’s climate crisis. We commend the president for his leadership, and yet this trip comes on the heels of his administration’s decision to allow Royal Dutch […]

Obama’s approval of Arctic drilling ‘undermines his climate message’

US president’s call for action on climate change is at odds with letting Shell drill for oil in the Arctic, says Bill McKibben read more

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 […]

Exxon Mobil Corporation, Chevron Corporation, BP And Royal Dutch Shell Face Challenging Dividend Environment

Bidness Etc sheds light on the challenges for companies like Exxon, Chevron, BP, Royal Dutch Shell, and Total SA in sustaining dividend payouts amidst depressed crude oil prices By: MICHEAL KAUFMAN: Sep 1, 2015  Crude prices have dropped more than 50% since the highs of June last year, following weak Chinese demand and a global supply […]

Shell Arctic Drilling Plans

By: MICHEAL KAUFMAN: Sep 1, 2015 Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) drilling operations in the Arctic had been temporarily halted due to adverse weather conditions in the region. The company has now resumed part of its operations and has also indicated that drilling plans will continue in full swing once the company completes a comprehensive […]

Obama on Climate Change: Act Now or Condemn World to a Nightmare

by HALIMAH ABDULLAH and M. ALEX JOHNSON: NEWS SEP 1 2015 In a forceful address, Obama opened the “GLACIER” conference in Anchorage, Alaska, by declaring: “We are not moving fast enough. None of the nations represented here are moving fast enough.” Just weeks ago, Obama gave final approval to Shell Oil’s drilling in the Alaskan Arctic […]

Shell Resumes Operations After Storm Force Arctic Stop

ANCHORAGE, Alaska — Aug 31, 2015, 10:31 PM ET Royal Dutch Shell PLC has resumed operations after high winds and rough seas north of Alaska’s northern coast put a temporary stop to exploratory drilling in the Arctic Ocean. But Shell spokesman Curtis Smith says in a Monday email to The Associated Press that full operations, […]

In Alaska, Obama Highlights Climate Change While His Decisions Draw Accusations of ‘Hypocrisy’

Environmental groups are outraged over his drilling policies. Kate Sheppard: Senior reporter/Environment and energy editor, The Huffington Post WASHINGTON — As President Barack Obama visits Alaska this week, he is facing criticism and outright outrage from environmental advocates who say his focus on climate change while in the region contradicts his administration’s decision to allow Shell […]

Arctic Drilling: A Giant Gamble for the Planet and Shell’s Bottom Line

Kieran Cooke, Climate News Network | August 31, 201 Shell is betting on finding the oil industry’s Holy Grail: according to 2008 estimates by the U.S. Geological Survey, the Arctic contains more than 20 percent of the world’s remaining hydrocarbon resources—including at least 90 billion barrels of oil. If Shell does strike oil in big quantities […]

Obama set to visit Alaska’s Arctic Circle amid charges of hypocrisy

Environmental advocates say decision to permit Shell to set rig off Alaska has tarnished president’s climate legacy August 31, 2015  by Renee Lewis @Renee5Lewis55 & Michael Pizzi @michaelwpizzi President Barack Obama is set to become the first serving U.S. president to witness firsthand the impact of global warming in Alaska’s Arctic Circle when he visits […]

700 Walrus Seen Near Shell Oil Rigs in Arctic as Obama Visits Alaska

World View | August 31, 2015 Thousands of Pacific walrus are coming ashore on the northwest Arctic coast of Alaska, repeating a migratory change for the walrus which U.S. Geological Survey (USGS) scientists have called a clear effect of loss of Arctic Ocean sea ice on which the animals rely. As the walrus swim south from the […]

Oil prices slide as Obama lets Shell drill in the Arctic

As the giant Shell oil company begins highly controversial and risky exploration drilling in the Arctic, the price of crude continues to slide. Kieran Cooke from Climate News Network reports: 31 August 2015 It’s a gamble — some would say a giant gamble. Before even one litre of oil has been found, the Anglo-Dutch Shell group is […]

Obama’s Alaska Visit Puts Climate, Not Energy, in Forefront

By JULIE HIRSCHFELD DAVIS: AUG. 31, 2015 WASHINGTON — President Obama will travel to Alaska on Monday to call for urgent and aggressive action to tackle climate change, capitalizing on a poignant tableau of melting glaciers, crumbling permafrost and rising sea levels to illustrate the immediacy of an issue he hopes to make a central element […]

Records detail equipment failure on Arctic drilling rig

“The company’s repeated failures in basic readiness tests show that when things go wrong in the Arctic ocean, it will be a disaster…” By Jennifer A. Dlouhy: August 30, 2015 WASHINGTON — Newly released documents reveal the extent of problems with anti-pollution equipment on a Shell-contracted Arctic drillship earlier this year. The records, provided by […]

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 […]

Obama: Climate change threatens to ‘wipe out’ American towns

By BARBARA BOLAND • 8/29/15  President Obama redirected attention from his decision to allow Shell to drill a well off the Alaskan coast to the “imminent danger” of climate change in his weekly address Saturday. Ahead of a three-day tour of Alaska, Obama said the northern state’s melting glaciers, swift shoreline erosion and rising sea […]

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 […]

President Obama Defends Shell Arctic Drilling Decision

By: MICHEAL KAUFMAN: Aug 29, 2015  Critics argue that allowing Shell to explore Arctic for oil goes against the country’s stance on climate change President Obama has defended his decision to grant approval for drilling in the Arctic region, ahead of his trip to Alaska. Royal Dutch Shell plc (ADR) (NYSE:RDS.A) had been seeking the […]

Obama says climate change is real, despite what skeptics say

“We made it clear that Shell has to meet our high standards in how they conduct their operations – and it’s a testament to how rigorous we’ve applied those standards that Shell has delayed and limited its exploration off Alaska while trying to meet them.” By Bruce Alpert, NOLA.com | Times-Picayune: 29 August 2015 WASHINGTON – President Barack […]

Shell offshore drilling application prompts conflict-of-interest charge

By Charles Mandel | August 29th 2015 Shell Canada Limited is applying to bring offshore drilling to Nova Scotia’s waters. But environmentalists are raising alarm bells over potential conflict of interest, as the group reviewing Shell’s application — the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) — includes a board member who worked at Shell Canada and […]

Offshore petroleum board refutes conflict charge

JESSICA FLOWER: August 28, 2015  Despite a U.K. newspaper’s suggestion of a conflict of interest in the Shell offshore drilling proposal approval process, the Canada-Nova Scotia Offshore Petroleum Board says it’s confident the steps it takes to eliminate any conflicts or unethical dealings neutralizes any concerns. The Guardian reported Wednesday about a potential conflict of interest […]

Obama defends Shell Arctic drilling decision

By AFP 29 August 2015 Two days before heading to Alaska to raise climate change awareness, US President Barack Obama on Saturday defended his controversial decision to allow Shell to drill in the Arctic’s Chukchi Sea. The Obama administration’s green light for the Anglo-Dutch oil giant angered environmental groups which have decried the “hypocrisy” of […]

Oil price rises: is this the end of the slump?

“The trend is strong and down… do not be wrong-footed by a correction higher…” Aug 28, 2015: Brent in biggest one-day surge since December 2008 as pipelines closed down Oil prices are continuing to rise after the market posted its biggest one-day surge for close to seven years, a recovery that comes off the back of […]

Why Royal Dutch Shell plc Is Facing Resistance In Canada

By: MICHEAL KAUFMAN: Aug 28, 2015  Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) drilling in Canada will be coming in for resistance, as reported by the Guardian. The drilling plan in Nova Scotia’s southern shore has been approved by the country’s Environment Minister and is under the Canada-Nova Scotia Offshore Petroleum Board’s review. The Canadian Environment Ministry […]

Shell Pauses Arctic Offshore Drilling for High Wind, Water

ANCHORAGE, Alaska — Aug 28, 2015 By DAN JOLING Associated Press Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory oil drilling in the Arctic Ocean. “Due to high wind and sea states, we have paused all critical operations in the Chukchi […]

Why Shell Announced Force Majeure On Nigerian Bonny Crude Export

By: MICHEAL KAUFMAN: Aug 28, 2015 On Thursday, August 27, Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) Nigerian unit closed down its two crude pipeline and declared “force majeure” on export of Bonny Light crude, as reported by Reuters. The Hague-based company closed the Trans Niger Pipeline at Oloma because of a leakage in the pipeline. The […]