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Oil Prices Slide Again as Oversupply Fears Persist

By TIMOTHY PUKO and GEORGI KANTCHEV: Feb. 8, 2016  Oil prices dropped back below $30 Monday amid continuing fears about the global oversupply of crude. A Sunday meeting between Saudi Arabia and Venezuela ended without any plans for production cuts, damaging hopes that the world’s major exporters will cooperate on output cuts. Data from Barclays also suggested […]

Workers evacuated from storm-hit Shell platform

SAM CHAMBERS: 8 FEB 2016 A Shell platform that has run into difficulties in the past is in the news again as severe weather forced an evacuation last night. Close to 80 workers were forced to leave the Brent Bravo in the North Sea last night and moved to two sister platforms as the oil […]

As Big Oil shrinks, boards plot different paths out of crisis

* Companies seek to safeguard growth for when market recovers * U.S. firms abandon deepwater projects for shale oil fields * Britain’s BP bets on Egyptian gas, Shell on major acquisition By Ron Bousso and Terry Wade LONDON/HOUSTON, Feb 7 As oil and gas companies cut ever-deeper into the bone to weather their worst downturn […]

Royal Dutch Shell plc and BG Group plc merger

By Brett Owens: Forbes.com: 6 Feb 2016 The Royal Dutch Shell plc ADR (RDS.A) and BG Group plc ADR (BRGYY) merger, which looked liked such a win-win for everyone has grown a bit complicated as the deal nears completion. The premium has shrunk, as have the benefits of the merger with prices under $90 a […]

The world’s most hated company: can NGOs help turn Shell’s reputation around?

While Shell’s plummeting profits are partially due to the falling price of oil, the years of negative publicity surrounding the company have likely also had an effect… Alison Moodie: Saturday 6 February 2016 14.00 GMT In mid-2015, Shell realized its project in the Chukchi Sea, off the coast of Alaska, was in trouble. After nearly a decade […]

BG Group in ‘excellent’ shape for Shell’s £35bn takeover

BG GROUP said it was in “excellent” shape ahead of a £35billion takeover by former rival Shell as it ramped up production and drove down costs in the face of sliding oil prices. The FTSE 100 oil and gas group reported a surge in output in Australia and Brazil – key growth markets identified by […]

BG signs off with $3bn flourish before Shell’s bittersweet takeover

Marcus Leroux: February 7, 2016 BG Group has returned to profit in “bittersweet” valedictory results on the eve of its takeover by Royal Dutch Shell. A pre-tax profit of $3 billion compared with a writedown-inflicted loss of $1.1 billion in 2014. During the year BG started the $20 billion Queensland Curtis liquefied natural gas project in […]

Shell massively expands natural gas business – just as sector tanks

Terry Macalister Energy editor: Friday 5 February 2016 13.43 GMT Shell is about to massively increase its exposure to the liquefied natural gas (LNG) market just as profits in the sector dive, according to new figures from BG. BG – the former international exploration and production arm of British Gas, which will become part of Shell in […]

Corporate earthquakes

By Ed Crooks: February 5, 2016 Earnings reports from the largest listed oil companies have this week given a series of seismograph readings on the upheaval in the crude market. The implications for investors, employees and suppliers are grim. Worse, those earnings were all recorded in a period when oil and gas prices were significantly […]

BG Group posts profit ahead of Shell takeover

By Tara Cunningham, Business Reporter: 9:16AM GMT 05 Feb 2016 In its final results ahead of its landmark merger with Shell, BG Group has reported a pre-tax profit of $2.98bn, compared with a $2.3bn loss the previous year. FTSE 100-listed BG is due to be absorbed into the Anglo-Dutch giant by the middle of the month […]

Shell to cut 10,000 jobs as profits plunge by 80 per cent

Tom Bawden Environment Editor: 5 FEB 2016 Shell yesterday confirmed plans to cut 10,000 jobs now that its takeover of rival BG Group is set to go through, and raised the prospect of further redundancies, as it reported an  80 per cent slump in profits to a 13-year low. Two days after BP announced its […]

Shell pushes back investment decision on Canadian LNG project

VANCOUVER | BY JULIE GORDON: 4 FEB 2016 British Columbia’s ambitions to become North America’s next major liquefied natural gas exporter took another hit on Thursday, as Royal Dutch Shell pushed back a final investment decision (FID) on its LNG Canada project to late 2016. The delay came as Europe’s largest oil company reported its […]

Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion: Update

By John Donovan In June 2015, we published an article by a regular contributor under the headline: Curious coincidence involving Shell, Iran, Noble Corp and $2.16 billion I was contacted recently by a gentleman who carried out work on the infamous Noble Discoverer drillship, which may currently be up for sale in Singapore. He recently read the […]

Shell’s Profit Down 56 Percent on Depressed Oil Prices

Shell’s Profit Down 56 Percent on Depressed Oil Prices By STANLEY REED: FEB. 4, 2016 LONDON — Royal Dutch Shell became the latest big energy company to file a damage report on the impact of depressed oil prices on Thursday, saying that its adjusted profit fell 56 percent in the fourth quarter of 2015 compared to […]

Shell Profits Plunge By 80% Amid Oil Slump

Shell is pressing ahead with a £36bn ($52bn) merger with exploration group BG. It has said 10,000 jobs will go across the two companies as a result. The deal has been approved by shareholders and will complete later this month. The industry has been hammered by the collapse in the world energy market which has […]

Shell confirms 10,000 job cuts and a steep profits fall

Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years. It made $1.8bn (£1.23bn) for the fourth quarter of the year, compared with a $4.2bn profit for the same period the year before. Full-year 2015 earnings, excluding identified items, were $10.7bn, compared with $22.6 billion […]

Royal Dutch Shell Connections with Utrecht University

A team of historians, all associated with Utrecht University was hired by Shell to author “A History of Royal Dutch Shell,” a four-volume work published in 2007.  Seems reasonable to conclude that the University and those associated with it, including the hired historians, would not wish to upset such an important benefactor/partner.  That may explain […]

Shell Corrib firm gets €70m cash injection

Shell Corrib firm gets €70m cash injection Gas began flowing from the field only in the past few weeks – 11 years behind schedule. By John Mulligan: 4 FEB 2016 Oil giant Shell injected €70m into its Irish unit that’s behind the Corrib gas project in recent months as the field prepared to begin delivering […]

For Oil Companies, It’s a Year of Slashing Costs and Jobs

This year will be another hard one for the oil majors as they cut spending. Over the past several weeks, the world’s biggest oil companies have posted earnings that show just how brutal it is these days to be an oil major. The industry is going through the biggest downturn since the 1990’s. Following a […]

Shell Needs To Divest Assets In Order To Afford BG Deal

By Andy Tully: 2 FEB 2016 Royal Dutch Shell is selling even more assets as it tries to cope with the persistent fall in the price of oil and its controversially expensive merger with BG group, approved last week by the shareholders of both companies. In a statement Monday in London, the Anglo-Dutch oil giant […]

Royal Dutch Shell: Here’s Why S&P Downgraded Credit Rating

By Muhammad Ali Khawar on Feb 2, 2016 at 6:49 am EST Standard & Poor’s (S&P) recently downgraded Royal Dutch Shell’s (ADR) (NYSE:RDS.A) credit rating from “AA-” to “A+,” as a result of the depressed crude environment. Since June 2014, crude oil prices have fallen more than 70%. The downgrade came just weeks after the […]

Is the BG-Shell deal offering value to investors? Why we must adopt new world thinking to navigate oil price peaks and troughs

by Tony Manwaring – 2 February 2016 5:55am Before the invention of the marine chronometer in the 1750s, choppy waters and treacherous currents prevented the calculation of longitude when at sea. Sailors charting a route were forced to rely upon dead reckoning to set their course. Today’s captains of industry coping with similarly volatile conditions are often accused […]

S&P downgrades Shell to A+/A-1; keeps door open to further downgrade

Commodities | Mon Feb 1, 2016 9:28pm GMT Credit ratings agency Standard and Poors on Monday downgraded oil major Royal Dutch Shell Plc to A+/A-1 from AA-/A-1+ and put its long-term credit rating on creditwatch negative citing sliding oil prices. S&P said Shell’s one-notch downgrade, driven by weaker forecasts for its credit metrics over 2016-2018 […]

S&P cuts Shell’s credit rating amid oil rout

1 FEBRUARY 2016 Standard & Poor’s sliced Royal Dutch Shell’s credit rating on Monday… The New York-based ratings company lowered Shell’s rating by one notch to “A+” from “AA-” and said it may make more cuts in the future. FULL ARTICLE

S&P Lowers Shell’s Rating, Puts Other Oil Majors on Watch

David Marino: Bloomberg.com: 1 February 2016 Standard & Poor’s lowered its rating on Royal Dutch Shell Plc and sees a significant likelihood of downgrades for several Europe-based integrated oil and gas majors in the next weeks. “We lowered our ratings on Royal Dutch Shell Plc to ’A+/A-1’ from ’AA-/A-1+’ and placed the long-term rating on […]

LIVELY POSTINGS ON SHELL BLOG 1 FEB 2016

“TEXVETTE” Looks like Marvin Odum was stripped of key responsibilities and placed in a lame Role. Ironically he will have to clean up the messes he left in Alaska and Unconventionals. A bit of Karma, but he should no longer be on the payroll after all his major mistakes. “OUTSIDER” The merger of Shell T&T and […]

Six British multinationals ‘did not pay any UK corporation tax in 2014’

CHLOE FARAND: 31 JAN 2016 Lloyds, brewer SABMiller and drugs company AstraZeneca were also among the six multinationals not to have paid any corporation tax in 2014, reports the Sunday Times.  The same year, the six British companies made a combined global profit of £30bn.  Shell used a complex corporate structure, a company branch in Switzerland, […]

Shell and BP brace for profit massacre

THE carnage unleashed by the crash in crude prices will be laid bare this week when Britain’s biggest energy companies unveil plunging profits, billions in write-downs and confirm thousands of job losses. FULL ARTICLE

Zero tax bill for UK big six

AT LEAST six of Britain’s 10 biggest multinationals — including Shell, British American Tobacco (BAT) and Lloyds Banking Group — paid no UK corporation tax in 2014 despite combined global profits of more than £30bn. The oil giant Shell is just one of the multinationals with an outpost in Zug, a Swiss canton with rock […]

Now gas joins oil on the way down

Shareholders in Royal Dutch Shell waved through the oil giant’s controversial £36bn takeover of BG Group last week despite concerns that the 40% plunge in the oil price since the deal was announced last year meant the chief executive, Ben van Beurden, was vastly overpaying. The Dutchman’s bet that the crude price will double from […]

Shell shares won’t run better just because BG’s been added to the tank

Shell shares won’t run better just because BG’s been added to the tank By Ian McVeigh: 31 Jan 2016 Shell’s bid for BG received an 83pc vote in favour from its shareholders. For some time it has been apparent that Shell was irrevocably set on this course in spite of the collapse of the oil price. […]

Pension funds at risk as BP and Shell’s near £10bn profits slump sparks dividend payouts fears

By JON REES FOR THE MAIL ON SUNDAY: 31 January 2016 Britain’s biggest oil groups will this week report a near £10billion slump in profits as the calamitous effect of the low oil price takes its toll on the blue chip giants. Both BP and Shell are expected to see their full-year profits for 2015 slashed […]

Why Royal Dutch Shell Plc Shares Could Easily Topple Another 15%!

By Royston Wild | Fool.co.uk: Friday 29 JAN 2016 Shares in fossil fuel giant Shell (LSE: RDSB) have enjoyed a solid bump higher in recent days following a meaty bounce in the oil price. Crude values have shot skywards following chatter that an accord could be struck between OPEC and Russia to curtail production. The […]

Did Shell Shareholders Just Seal Their Fate?

Alex Dumortier: (TMFAleph1): Jan 29, 2016 at 1:08PM U.S. stocks are higher in early afternoon trading on Friday, with the Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) up 1.76% and 1.72%, respectively, at 1 p.m. EST. Royal Dutch Shell plc’s ADRs (NYSE: RDS-A), up 0.58%, are underperforming the broad market, but are roughly in […]

9 Billion Barrels Of Crude At Risk In Massive Nigerian Oil Shakeup

…not only could Shell and Eni lose the block, but they could also face billions of dollars in fines for allegedly bribing corrupt public officials and private citizens. By Julianne Geiger: Jan. 29, 2016 Supermajors Royal Dutch Shell (RDS.A, RDS.B) and Italian Eni (NYSE:E) could be facing the loss of one of the biggest offshore […]

Final approval for Shell mega-merger as BG Group shareholders vote in favour of the £36bn deal

By LAURA CHESTERS FOR THE DAILY MAIL: 29 JAN 2016 One of the largest takeovers in history finally got the go-ahead yesterday after BG Group shareholders followed those at Royal Dutch Shell in approving the £36billion deal. At a meeting in London, 99.53 per cent of BG shareholders voted in favour, a day after 83 […]

Final green light for Shell-BG takeover

By Jillian Ambrose: 2:19PM GMT 28 Jan 2016 BG Group shareholders have voted through Shell’s £40bn takeover bid by an overwhelming majority. The widely expected final nod for the landmark energy merger was voted through with 99.55pc of BG investors in favour, ending a controversial nine month campaign by Shell to cement its new strategic direction. […]

Nigerian President Steps Up Fight Against Shell/ENI Corruption

By Andrew Oota, Bayo Oladeji, Bode Gbadebo, By George Agba, By Jonathan Nda-Isaiah:— Jan 28, 2016  In his quest for more potent laws against money laundering and to rev up the fight against corruption, President Muhammadu Buhari yesterday presented two bills before the Senate for amendment. They are the Money Laundering Prevention and Prohibition Bill 2016 […]

9 Billion Barrels Of Crude At Risk In Massive Nigerian Oil Shakeup

9 Billion Barrels Of Crude At Risk In Massive Nigerian Oil Shakeup By Julianne Geiger: 27 January 2016  Supermajors Shell and Italian Eni could be facing the loss of one of the biggest offshore oil exploration blocks in Nigeria, putting an estimated 9 billion barrels of crude oil at risk. As the new Nigerian government launches […]

Shell gets green light for merger with BG Group to create world’s biggest liquefied gas trader

By LAURA CHESTERS FOR DAILY MAIL: 28 JAN 2016 Royal Dutch Shell’s mega-merger with gas giant BG Group looked set to be approved yesterday, creating the world’s biggest liquefied gas trader and boosting bankers’ bonuses. The £35billion deal got the go-ahead from Shell investors yesterday with 83 per cent of those voting backing the deal. […]

Shell/BG vote is a bet on oil prices bouncing back

By Andy Critchlow January 27, 2016 Shell Chief Executive Ben van Beurden can breathe easier after shareholders backed his big gamble on oil prices rebounding. Only 17 percent of investors voted against his $50 billion takeover of BG Group on Jan. 27. Cost savings estimated at $3.5 billion will help assuage some worries, and paying partly […]

Will 2016 Be Royal Dutch Shell’s Worst Year Yet?

There is a lot of pessimism regarding shares of Royal Dutch Shell (NYSE:RDS-A) (NYSE:RDS-B). Despite strong cash flow results behind its less-than-stellar earnings results, shares of Shell have been sinking faster than its Arctic drilling rigs (too soon?). Over the past 18 months, the company has lost more than half of its market capitalization while […]

Why the Shell-BG mega-deal was risky for the City as well as the oil giants

By Ashley Armstrong: 7:17PM GMT 27 Jan 2016 It has taken nearly 10 months, five competition regulators and 40 approvals from other global authorities. But Shell’s chief executive Ben van Beurden’s white-knuckle ride is finally drawing to a close. On Wedensday, van Beurden won overwhelming support for the £40bn takeover from his shareholders. However, his celebrations […]

Shell Needs to Repay Investors Who Backed Its Biggest Ever Wager

By Rakteem Katakey: Bloomberg.com: 27 JAN 2016 – 5.06 PM GMT Royal Dutch Shell Plc is under pressure to reward the faith of the more than 80 percent of shareholders who shrugged off the risks from slumping oil prices to back its record acquisition of BG Group Plc.  That won’t be easy: the rout in crude […]

Shell shareholders vote for BG Group takeover despite opposition

Terry Macalister Energy editor: Wednesday 27 January 2016 14.25 GMT At a specially convened general meeting in The Hague on Wednesday, 83% of Shell shareholders voted for the acquisition, despite claims that the Anglo Dutch group was paying too much for its rival during a period of collapsing oil prices. The reputation of Ben van Beurden, the […]

Shell Shareholders Approve Acquisition of BG Group

Shell Shareholders Approve Acquisition of BG Group By STANLEY REED: JAN. 27, 2016 LONDON — In one of the first major deals struck as oil prices plummeted, Royal Dutch Shell shareholders on Wednesday approved the acquisition of the BG Group, the Britain-based oil and gas producer, for about $50 billion. Analysts had expected major oil companies […]

Shell shareholders vote in favour of £40bn BG takeover

By Jillian Ambrose: 12:35PM GMT 27 Jan 2016 Shell shareholders have given the nod to the £40bn takeover of BG Group by a strong majority. The 83pc vote in favour of the plans paves the way for the creation of Britain’s largest public company, pending a separate vote by BG shareholders on Thursday which is widely […]

Shell shareholders approve $50 billion BG takeover

THE HAGUE | BY KAROLIN SCHAPS: Wed Jan 27, 2016 1:56pm GMT Royal Dutch Shell (RDSa.L) shareholders approved its $50 billion takeover of BG Group (BG.L) on Wednesday, clearing the last main hurdle to creating the biggest liquefied natural gas (LNG) trader in the world. BG shareholders are also expected to approve one of the biggest […]

Shell shareholders back takeover of BG Group

Investors in Royal Dutch Shell on Wednesday gave a green light to the group’s £35bn takeover bid for rival producer BG Group, making it a near certainty that the biggest energy deal in more than a decade will go ahead. However, a sizeable minority, some 17 per cent, were opposed.

Blundering Shell E&P Ireland Director John Egan Resigns

By John Donovan I am aware of speculation over the claimed resignation of John Egan, as a director of Shell E&P Ireland. It is, in fact, true. The proof is provided below. For a number of years, Egan has been the Communications supremo at Shell E&P Ireland, the main partner in the Corrib Gas Project, which has […]

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