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Shell Plans to Retain Four Senior BG Executives After Merger

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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

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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 to an internal memo sent on Monday.

The announcement comes less than two weeks after Shell revealed organizational changes as it prepares for its biggest ever takeover, valued at $70 billion when it was first disclosed in April.

In the internal memo, Shell said BG Chief Operating Officer Sami Iskander will become executive vice president for joint ventures once the merger completes. Steve Hill, currently BG’s head of trading, will become executive vice-president for gas and energy marketing and trading at the combined group, while Tom Melbye Eide, BG’s general counsel, will be Shell’s general counsel for upstream.

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Fresh doubts over Shell and BG merger as Qatar sells £1bn stake

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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 major shareholders.

The sovereign wealth fund, led by Sheikh Abdullah bin Mohammed AlThani, a member of the Qatari royal family, has sold around 43m shares in BG Group, worth roughly £550m, and a further 24m shares in Shell, with a value of approximately £421m.

The sell-off, over a period of less than three weeks between the end of October and the first week of November, will be a blow to Shell’s chief executive, Ben van Beurden.

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An Oil-Soaked Globe as Production Keeps Climbing and Demand Falls

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A version of this article appears in print on November 14, 2015, on page B1 of the New York edition

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HOUSTON — Such is the state of the oil industry these days that there is sometimes nowhere to put the oil. Off the coast of Texas, a line of roughly 40 tankers has formed, waiting to unload their crude or, in some cases, for a willing buyer to come along. Similar scenes are playing out off the coasts of Singapore and China and in the Persian Gulf.

There is little sign that the logjam will ease, as the price of oil continued its yearlong plunge this week, declining by nearly $10 a barrel.

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

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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 U.S. gasoline tumbling to 10-month lows.

Oil prices have fallen in seven of the last eight sessions, with losses accelerating after U.S. government data on Thursday affirmed a seventh weekly rise in U.S. crude inventories that took stockpiles near April’s record highs.

The International Energy Agency (IEA) added to the bearish sentiment on Friday, saying there was a record 3 billion barrels of crude and oil products in tanks worldwide.

Options trading has spiked with a soaring number of options taken to sell crude if prices fall to $40 or even $25.

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Shell vessel heads to deep Gulf waters amid region’s uncertainty

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Screen Shot 2015-09-17 at 07.55.40Posted on November 13, 2015 | By Collin Eaton

HOUSTON — Royal Dutch Shell’s newest oil-production vessel began a 15,000-mile journey this week from a Singapore shipyard to the world’s deepest underwater oil field, tasked with adding more crude to a worldwide oil glut that could upend industry plans to venture deeper offshore.

The $1 billion globe-trotting ship is bearing toward the Gulf of Mexico, and is set to become the fourth ultra deep-water production facility to extract hydrocarbons from a region called the Lower Tertiary, which for oil companies is at the edge of charted U.S. waters. Shell plans to begin filling barrels next year with oil from two wells drilled in about 9,500 feet of water — the deepest-ever depth.

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Are the Oil Sands Going Bust?

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Screen Shot 2015-09-17 at 07.55.40Written by Keith KohlPosted November 12, 2015 at 6:51PM

After backing out of an Arctic drilling program, Shell is taking yet another hit by leaving the Canadian oil-sands in Alberta.

To put it simply: the losses were too great.

There was no way Shell would have been able to stay competitive, so it decided to opt out, taking a $2 billion hit in the process.

As you know, the slump in crude oil prices since the summer of 2014 has caused energy companies to re-think upcoming projects.

Shell’s absence leaves at least 18 future projects on hold.

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Oil price slump causes stock markets in UK and US to fall

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Phillip Inman Economics correspondent: Thursday 12 November 2015 19.42 GMT

Stock markets have tumbled on both sides of the Atlantic, after a slump in oil prices and uncertainty over the prospect for US interest rates triggered anxiety among financial traders. 

German and French stock markets were also hit by reports of an oil glut …


ACCC under pressure as gas buyers push Shell gas concerns

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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, Australian competition tsar Rod Sims will first have a say, with the twice-deferred ruling from the Australian Competition and Consumer Commission due on November 19.

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

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by Veselin ValchevThursday, 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 (ACCC) announced last month that it is delaying its decision on whether to approve the tie-up by a further week to November 19. The regulator’s ruling was originally scheduled for September 12, but in September the commission postponed its decision by two months on competition concerns.

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Shell seeks permission for Russian JV

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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.


Science Museum ends sponsorship deal with Shell

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Screen Shot 2015-11-12 at 16.17.45Adam VaughanThursday 12 November 2015

Critics have previously attacked the choice of a fossil fuel company as a funder for the museum’s Atmosphere gallery on climate science and said emails show Shell sought to influence the programme. However, current and former directors of the museum have rejected the charges, saying no curatorial changes had been made on Shell’s behalf.



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Flaring at Shell Moerdijk could be seen from 40 km away after a small fire on Nov 11th, 2015 (Photo: Twitter/@anjaboogaard)

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A small fire at Shell Moerdijk caused a red glow in the air that concerned local residents on Wednesday night. According to the fire department, the red glow was caused by flaring, which they used to get the small fire quickly under control.

The fire broke out in a compressor room around 10:30 p.m. on Wednesday. It took firefighters about an hour to get the fire under control, though the flaring continued for most of the night.

The red glow caused by the flaring could be seen from 40 kilometers away, according to the fire department.

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

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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 Queensland reach buyers.

“What this market needs is more gas to be developed into the market,” Mr Smith said.

“By approving the combination that will allow for the earliest introduction of Arrow’s resource base into the east coast market,” he said, without pre-empting the November 19 decision due on the deal from the Australian Competition and Consumer Commission, which voiced reservations about it in September.

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

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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 October next year and April 2017, they said in a statement.

A person familiar with the deal said Idemitsu would buy shares in Showa Shell in a tender offer that could be worth as much as 500 billion yen ($4.1 billion).

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Shell affiliates are buyers, sellers in $390 million midstream transaction

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Screen Shot 2015-11-12 at 09.52.10Posted on November 11, 2015 | By Joshua Cain

A pipeline subsidiary of Royal Dutch Shell has sold a crude terminal in Illinois and a pipeline system in the Gulf of Mexico for $390 million to a master limited partnership affiliated with Shell.

Shell Midstream Partners, the Houston-based MLP that Shell formed in 2014, said on Wednesday that it will buy Pecten Midstream from another Shell subsidiary, Shell Pipeline Co.

Pecten Midstream operates the Lockport Crude Terminal about 50 miles from Chicago and the Auger Pipeline System, which transports crude oil from parts of the Garden Banks and Keathley Canyon offshore blocks in the Gulf.

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Shell share price: Company not giving up on oil sands

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by Veselin ValchevWednesday, 11 Nov 2015

Royal Dutch Shell Plc (LON:RDSA) boss Ben van Beurden said last week that the withdrawal from the Carmon Creek thermal oil sands project in Alberta, Canada, does not mean that the Anglo-Dutch oil major has given up on oil sands in general.

Shell’s chief executive noted that the company rates investment opportunities on a project-by-project basis. In contrast to Carmon Creek needing oil prices at about $70 per barrel to break even, van Beurden remarked that Shell’s Fort McMurray oil sands project has operational costs of only $25 per barrel.

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

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Screen Shot 2015-11-11 at 13.47.0710 Nov 2015, Dublin Ireland

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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. Many sources believe that these executions were done at the behest of Shell. Ken Saro-Wiwa and the Ogoni people, had been actively leading successful civil society actions and demonstrations thwarting Shell’s development of oil on the land of these indigenous farmers and fishermen. Even though it hasn’t been explicitly proven that Shell ordered the killing… they did benefit from the outcome and later paid reparations to the families. (In 2009 Shell settled out of court to the tune of 15.5 million dollars to the families of the victims to avoid going to court in the USA.)

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Shell must pay full cost of Saro-Wiwa’s murder, polluting Ogoniland, activists demand

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November 11, 2015Ben Ezeamalu

A coalition of civil societies have demanded that Shell be made to pay “the full cost” for the murder of the Ogoni playwright and activist, Ken Saro-Wiwa, and eight others and the pollution of Ogoniland.

At a joint press conference in Port Harcourt, Tuesday, the Social Action, Ogoni Solidarity Forum, Movement for the Survival of the Ogoni People, and the Friends of the Earth International urged the Nigerian government to immediately implement the United Nations Environmental Programme report on Ogoniland.

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Nigeria oil pollution still menaces 20 years after activist’s hanging, Shell cleanup vows

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WARRI, NIGERIA – Twenty years after a Nigerian military dictatorship hanged activist Ken Saro-Wiwa, his Niger Delta homeland remains blighted by oil pollution.

Thousands of lives have been wrecked, according to Amnesty International, as oil slicks killed the fish, crude-crusted soil stunted crops and oil flare-ups polluted lungs.

Gen. Sani Abacha’s regime hanged Saro-Wiwa, 54, and seven other Ogoni leaders on trumped-up murder charges. “Judicial murder,” charged then-British Prime Minister John Major.

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Pickard quits Shell

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Screen Shot 2015-11-11 at 09.51.25Peter 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 she championed during her stint as the Anglo Dutch giant’s Australia country chair.

Ms Pickard is joining the board of oil and gas engineering contractor KBR as a non-executive director from next month.

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Ken Saro-Wiwa’s widow talks about execution 20 years on

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By Yvonne Ndege | Al Jazeera 

A memorial march is due to be held in Nigeria for a champion of the environment who confronted one of the world’s biggest oil companies – and was then hanged.

It is the 20th anniversary of the execution of Ken Saro Wiwa, who campaigned against oil pollution in the oil rich Niger Delta by Royal Dutch Shell.

He was sentenced to death after being found guilty of involvement in four murders – in a case condemned as a sham and after international appeals for clemency.

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Shell Oil Co. president touts carbon tax over piecemeal regulations

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Marvin Odum Shell Oil

Marvin Odum President Shell Oil Co

Posted on November 10, 2015 | By Jordan Blum

A carbon tax or cap-and-trade system in the U.S. — and globally — would serve the energy industry better than the current slate of piecemeal state and federal regulations, Shell Oil Co. President Marvin Odum  said Tuesday.

He acknowledged that Congress won’t take action soon in gridlocked Washington, but said that people should move beyond sound bites. Odum spoke at University of Houston’s energy symposium focusing on whether now is the right time for a carbon tax.

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Oklahoma world’s No. 1 earthquake area

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Screen Shot 2015-11-10 at 23.06.27…it’s an oil and gas issue as well…

Jessica Miller | Enid News & Eagle | Posted: Tuesday, November 10, 2015

ENID, Okla. — Oklahoma is now the No. 1 earthquake area in the world, an Oklahoma Corporation Commission spokesman said Monday.

Spokesman Matt Skinner said the state is unique in terms of frequency.

“We have had 15 (earthquakes) in Medford since 5 o’clock Saturday morning,” he noted. “We’ve got an earthquake issue.”

Skinner said the world is going through a seismic phase.

“Oklahoma is absolutely unique in terms of the number of earthquakes we’ve had,” he said.

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Shell’s top Arctic exec is retiring, will join KBR board

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Posted on November 10, 2015 | By Joshua Cain

After Royal Dutch Shell scuttled its $7 billion Arctic drilling program in September, the company’s top executive on the project is moving on.

Ann Pickard, Shell’s executive vice president in the Arctic, will retire from the company in February 2016, Shell spokeswoman Kelly op de Weegh said Tuesday.

She will also join the board at Houston-based engineering and construction giant KBR Inc. in December, the company said on Tuesday.

Pickard was appointed to the Arctic after Shell’s program there foundered in 2012, when the rig the company contracted for the job, the Kulluk, crashed into an Alaskan island.

Shell ended its second attempt in the Arctic on Sept. 28 after the exploratory well it drilled in Alaskan waters of the Chukchi Sea failed to find significant amounts of oil and gas.

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Shell CEO says company committed to oilsands despite Carmon Creek decision

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FORT SASKATCHEWAN — The CEO of Royal Dutch Shell Plc says a decision to back away from its Carmon Creek oilsands project last month does not mean it’s backing away from the oilsands in general.

Ben van Beurden told reporters last week that his company ranks investment opportunities in its global portfolio project-by-project, not region-by-region — so the whole industry cannot be painted with the same brush as the halted 80,000-barrel-a-day Carmon Creek project in northwestern Alberta.

More important than its upfront cost was the project’s “resilience” under a variety of different scenarios, said van Beurden.

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Nigerian Probes Uncover $12bn Oil Fraud

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Screen Shot 2015-11-10 at 17.18.45In 2012, the Senate investigated the contentious Malabu Oil Field transaction. The Upper House re-opened investigation into an allegation of $1.1 billion round-tripping involving the federal government and two international oil companies – Shell and Eni (Agip) – over the sale of a contentious OPL 245 oil block.


The National Assembly has conducted 18 legislative probes into sundry cases of crude theft, pipeline vandalisation, misappropriation, Joint Venture agreements, missing crude revenue in Nigeria’s corruption-tainted oil and gas sector from 1999-2014.

According to the outcomes of the selected major probes in the oil sector, about $15bn was lost to fraud while a whopping $6.8bn subsidy was unaccounted for. The period also witnessed the alleged missing N500bn SURE-P claims for oil subsidy for a period of time.

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Shell haunted by Ken Saro Wiwa legacy as Niger Delta communities demand justice

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Screen Shot 2015-11-09 at 23.29.3910 November 2015

Today marks the 20th anniversary of the execution of Ken Saro Wiwa and eight other Ogoni leaders, hanged by the Nigerian state after they spoke out against the government and campaigned against Shell’s operations in Nigeria’s Ogoniland. Their executions sparked a global outcry.

It’s a fitting moment to take stock of the oil industry’s legacy of contamination of the Niger Delta.

Why are women, men and children in the Delta still having to drink, cook with and wash in polluted water, eat toxic fish and farm on contaminated land?

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Anger over enduring ‘environmental horror’ in oil-rich, polluted Niger delta

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Activists in Port Harcourt, Nigeria protest to demand that Shell pay reparations and clean up its oil spills. © Amnesty International

John Vidal

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Ineos agrees shale gas deal with Shell and ExxonMobil

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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.

It comes after Ineos signed a long-term sale and purchase agreement with ExxonMobil, which owns and operates the FEP plant, and Shell, which has 50% capacity rights.

The FEP, which was officially opened by the Queen in 1986, was the first plant specifically designed to process natural gas liquids from the North Sea.

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

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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 openly calling for Shell to scrap its offer for BG. 

Call to reject the offer

It emerged this weekend that Ian McVeigh, head of governance at Jupiter Fund Management and one of the City’s biggest fund managers, has compared the proposed takeover of BG by Shell to the disastrous purchase of ABN Amro by Royal Bank of Scotland in 2007. RBS’s ill-fated takeover of ABN Amro ultimately resulted in the government bailout of RBS and years of pain for the bank. 

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

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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 chief executive moved to reassure investors last week that the tie-up was still compelling despite the increasingly bearish outlook for oil prices.

Shell’s share price has been steady in early morning trading today, having added 0.32 percent to 1,717.50p as of 08:01 GMT, largely in line with gains in the blue-chip FTSE 100 index. BG Group’s share price currently stands 0.15 percent higher at 1,028.50p.

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Fund boss blasts Shell’s pursuit of BG Group

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Martin Waller: 8 November 2015

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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 Jupiter Fund Management, said that Shell needed to create £30 billion of value from acquiring BG to make the deal work. “Hugely expensive moves whose main purpose is to rebalance portfolios have a grim history,” he said.

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Saudi Arabia will not stop pumping to boost oil prices

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Screen Shot 2015-05-11 at 21.10.55November 8, 2015

Saudi Arabia is determined to stick to its policy of pumping enough oil to protect its global market share, despite the financial pain inflicted on the kingdom’s economy.

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Plan for equality on Shell merger

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Plan for equality on Shell merger

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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 gas sector’s history.

The Australian Competition and Consumer Commission is due to announce its decision on November 19, but has raised concerns about the potential impact on gas supply.

Manufacturing Australia has made fresh calls for the ACCC to lay down parameters to ensure gas is made available to domestic and international customers in a “transparent and equal” manner.

Manufacturing Australia said it feared the merger would undermine efforts to reform what it said was presently a dysfunctional gas market.

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Protest threatened over memorial 20 years after Ken Saro-Wiwa execution

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Twenty years after ‘judicial murder’, Nigeria’s Ogoni people highlight international storm over oil spillage pollution

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John Vidal: Saturday 7 November 2015

Leaders of Nigeria’s Ogoni people have threatened to disrupt the country’s oil industry if the government does not release a British artwork commemorating the 20th anniversary of the execution of the writer Ken Saro-Wiwa.

The memorial, in the form of a large bus, has been impounded by customs in Lagos for six weeks because it is considered politically inflammatory. A quote from the writer on the side of the bus accuses the oil companies of “practising genocide against the Ogoni”.

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Shell shareholders should think carefully about BG takeover

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Screen Shot 2015-10-31 at 16.01.23By 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 or he admits. Companies with good, reliable prospects almost never take such risks. Prospects for a dividend may play a large role in this deal.

When looking at the proposed purchase of BG, I note a striking similarity with RBS’s purchase of ABN Amro (ABN) in 2007.

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Oil giants ‘face cascade of claims’

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Robin Pagnamenta Energy Editor: November 7, 2015

An investigation by New York’s attorney-general into ExxonMobil’s record on climate science could trigger a “cascade” of similar claims against other oil companies, including Britain’s BP and Royal Dutch Shell, legal experts have warned.

Prosecutors might seek to investigate other companies that helped to fund organisations that queried climate science, such as the Global Climate Coalition, of which BP and Shell were members during the 1990s, they said.

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Shell says $60-$80 carbon price needed to justify carbon storage

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Screen Shot 2015-10-28 at 08.03.29Nov 6 2015, 16:59 ET | By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) unveils a $1.3B carbon capture storage project for Alberta, but says future efforts to curb greenhouse gases will continue to need financial support from governments.

Shell CEO Ben van Beurden says carbon capture and storage projects need a $60-$80 price for carbon dioxide to justify building them, more than 5x the current price of C$15/ton (US$11.27) in Alberta.

Shell’s Quest facility will extract 1M tons of the gas from its Scotford refinery each year, and the carbon dioxide will be injected into an underground saline formation ~50 miles from the plant – it is the first in North America to store CO2 in a deep saline formation.

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Screen Shot 2015-09-17 at 07.55.40DAVID HOWELL, EDMONTON JOURNAL: November 6, 2015

Fort Saskatchewan — Shell and its partners Friday opened the $1.35-billion Quest carbon capture and storage project.

It is designed to capture and store more than one million tonnes of carbon-dioxide emissions a year from the bitumen upgrader at Scotford.

Built with financial help from the Alberta and federal governments, Quest is the world’s first oilsands CCS project. Shell says it can reduce CO2 emissions from the upgrader by up to 35 per cent, an amount equal to the annual emissions of 250,000 cars.

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Exxon Inquiry Both Mirrors and Contrasts With Tobacco Industry Case

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The New York attorney general’s decision to investigate Exxon Mobil over whether the company lied to the public and investors about the risks of climate change has raised questions about possible similarities to the Justice Department’s successful suit against the tobacco industry in 1997.

The new case has reprised the famous question from Watergate — What did they know, and when did they know it? — which also was an important element of that tobacco lawsuit.

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Citing Climate Change, Obama Rejects Construction of Keystone XL Oil Pipeline

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President Obama is the first world leader to reject a project because of its effect on the climate,” said Bill McKibben, founder of the activist group, which led the campaign against the pipeline. “That gives him new stature as an environmental leader, and it eloquently confirms the five years and millions of hours of work that people of every kind put into this fight.”


WASHINGTON — President Obama announced on Friday that he had rejected the request from a Canadian company to build the Keystone XL oil pipeline, ending a seven-year review that had become a symbol of the debate over his climate policies.

Mr. Obama’s denial of the proposed 1,179-mile pipeline, which would have carried 800,000 barrels a day of carbon-heavy petroleum from the Canadian oil sands to the Gulf Coast, comes as he seeks to build an ambitious legacy on climate change.

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Keystone rejection tied to climate inaction frustration-Shell CEO

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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 launch of Shell’s new carbon capture and storage project in Alberta, the first Canadian project of its kind in the oil sands industry, van Beurden said anti-fossil-fuel movements are growing because of anxiety and resentment about a failure to reduce greenhouse gas emissions.

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How a poor Nigerian town got Shell to pay for major oil spills

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Screen Shot 2015-09-30 at 15.38.08JESSE WINTERNovember 6, 2015

For decades, poor residents of the oil-rich Niger Delta have fought the pollution of their lands with little success. Now, writes Jesse Winter, a town ravaged by oil spills has changed the game with a historic court victory against Shell.

The Yamaha outboard coughs indignantly but refuses to catch.

John Agava mutters under his breath, removes the motor’s cover and flips it over. He siphons a splash of gasoline into it, strips the spark plug from the engine and swishes it around in the gas.

The former fisherman’s hand-carved boat rocks gently, alone on the expanse of slate-grey water of Bodo Creek in Nigeria’s Niger Delta.

Agava replaces the plug and hauls on the engine’s pull cord. It coughs and finally catches. He tosses the gasoline rinse overboard, where it mixes with the rainbow sheen left from a massive oil spill that changed his life — and thousands of others’ — seven years earlier.

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Shell Canada says Keystone XL was already in uncertainty window

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Shell Canada says Keystone XL was already in uncertainty window

Screen Shot 2015-10-28 at 08.03.29CALGARY: 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.

“So Keystone has been on for seven years now, so of course, it’s brought into the uncertainty window,” Lorraine Mitchelmore, president of Shell’s Canadian unit, told reporters in Calgary.

(Reporting by Mike De Souza in Calgary; Editing by Chizu Nomiyama)

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Shell Canada and Nova Scotia petroleum board quizzed on oil spill risks

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Shell Canada and Nova Scotia petroleum board quizzed on oil spill risks

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By Jennifer Henderson, CBC News: 5 Nov 2015

Executives from Shell Canada and Nova Scotia’s Offshore Petroleum Board were quizzed this week by the legislature’s resource committee on the oil company’s plans in the event of a blowout at an offshore drilling site near Shelburne. 

“We feel privileged that we’ve been allowed to drill exploration wells in Nova Scotia but we take our responsibilities extremely seriously and we are very focused on ensuring that a spill doesn’t happen,” said Christine Pagan, Shell’s Atlantic Canada venture manager.

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Exxon Mobil Investigated for Possible Climate Change Lies by New York Attorney General

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Mr. Schneiderman’s decision to scrutinize the fossil fuel companies may well open a new legal front in the climate change battle. The Exxon inquiry might expand further to encompass other oil companies…


The New York attorney general has begun an investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business.

According to people with knowledge of the investigation, Attorney General Eric T. Schneiderman issued a subpoena Wednesday evening to Exxon Mobil, demanding extensive financial records, emails and other documents.

The investigation focuses on whether statements the company made to investors about climate risks as recently as this year were consistent with the company’s own long-running scientific research.

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Former head of GCHQ advising Shell and private intelligence firm

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Harry DaviesThursday 5 November 2015 

A former head of GCHQ has become an adviser to Shell and an influential private intelligence company after retiring from the UK’s electronic eavesdropping agency late last year. Sir Iain Lobban’s consultancy with Shell and the holding company of Hakluyt & Co, a boutique corporate intelligence firm established by former MI6 spies, are among a series of private sector jobs the retired spook has taken up over the past year. Both roles are expected primarily to involve advising on risk and cybersecurity.

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Shell Canada carbon capture likely last to get Alberta subsidies

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Screen Shot 2015-09-17 at 07.55.40CALGARY, ALBERTA | BY MIKE DE SOUZACommodities | 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 left-leaning New Democratic government of the energy-rich Western Canadian province, home to the country’s controversial oil sands, said it no longer plans to fund future efforts using the technology.

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Shell update on BG takeover stokes fears for North Sea jobs

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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 August last year.

MARK WILLIAMSON / Wednesday 4 November 2015 / Business

ROYAL Dutch Shell has highlighted the potential it sees to slash costs following the planned $70 (£45bn) billion takeover of BG in comments that stoked concern about the likely impact on jobs in the North Sea.

The deal will increase the size of Shell’s business in the North Sea where the oil and gas giant may then make significant cuts as directors try to achieve the returns they are targeting.

In an update on strategy, Shell said it has increased its estimate of the synergies it will be able to squeeze out of the enlarged business by $1bn since the deal was announced in April, to $3.5bn.

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

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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 it to make sense as the oil price plummets, van Beurden has taken the knife to Shell’s costs and projects.

Investors have been getting jittery as the price of oil has halved since summer 2014 and has stubbornly remained below $60 a barrel since the takeover was announced in April. Brent Crude continues to fluctuate but experts predict the price will stay ‘lower for longer’ than may have been expected.

However, van Beurden, who took on the top job last January and has a lot riding personally on the deal, promises it will still work with an oil price in the mid-$60s a barrel. Yesterday he insisted: ‘Although oil prices have fallen in 2015, the valuation case for the BG acquisition still looks compelling today for both sets of shareholders.’

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