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SHELL TO ACQUIRE BG: IMPLICATIONS FOR THE NORTH SEA

Apr 15th, 2015
by John Donovan.
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14 April 2015

Screen Shot 2015-04-08 at 08.12.04Shell announced an offer of a £47bn ($70bn) acquisition of BG in the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.3bn) merger in 1998.  Shell and BG expect to make annual savings of £1.7bn ($2.5bn) and the combined company is estimated to be worth £180bn ($266bn). The transaction will create the largest independent LNG producer in the world forecast to produce nearly a fifth of global LNG supply in 2017-18. The other major prize for Shell is BG’s Brazilian oil portfolio of mean total reserves and resources amounting to 6 billion boe and gross production expected to peak at 2.6 million boepd. read more

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Shell Betting Its Future On LNG

Apr 13th, 2015
by John Donovan.
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Screen Shot 2015-04-08 at 08.12.04Article By Nick Cunningham published Sun, 12 April 2015 by OilPrice.com

Shell Betting Its Future On LNG

Could the largest energy deal in over a decade begin a new wave of mergers and acquisitions? Is LNG really the future? How Will ExxonMobil Respond? And perhaps more importantly, does the mega-deal between Royal Dutch Shell (RDS.A) and BG Group (LON: BG) portend the end of the bear market for oil?

Shell announced on April 8 that it agreed to buy BG Group for an eye-popping $70 billion.

The move was surprising, in the sense that a lot of companies in recent years have reined in their spending on high-cost projects outside of North America. Shell, in the midst of its own two-year $15 billion divestment campaign to shed unwanted assets, was thought to be trying to make itself leaner and meaner. Having passed on the U.S. shale revolution, it is interesting that Shell’s big splash once again avoided North America. read more

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Royal Dutch Shell’s £47bn swoop on BG Group faces potential stumble over asset ownership

Apr 10th, 2015
by John Donovan.
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By LAURA CHESTERS FOR THE DAILY MAIL

Screen Shot 2015-04-08 at 08.12.04Royal Dutch Shell’s swoop on BG Group will face a series of hurdles including competition fears and questions over the ownership of some of its newly acquired assets.

The £47billion acquisition of BG will make Shell the largest foreign oil company in Brazil – but there are concerns about its assets in the South American nation.

One of Shell’s main reasons to pounce on BG was its large holdings in Brazil. But many of the assets there are owned through joint ventures, which gives the partners first refusal to buy BG’s share in the projects if it is taken over. read more

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Is Royal Dutch Shell Up For The Challenge?

Apr 10th, 2015
by John Donovan.
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By: MICHEAL KAUFMAN: Published: Apr 10, 2015 at 10:33 am EST

he energy sector’s mega deal between Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) and BG Group Plc (ADR) (OTCMKTS:BRGYY) is now under close scrutiny by China and other countries, as well as by investors. When asked about the details of regulatory concerns, both parties refused to comment, says the Wall Street Journal. The merger has been valued at $70 billion.

The CEO of the Hague-based Anglo-Dutch company, Ben van Beurden and BG’s Chairman, Andrew Gould had claimed on Wednesday they didn’t expect any major regulatory issues, except from a few countries. Although they did they expected the completion to be delayed until early 2016 while regulatory matters were settled. read more

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Inside Shell’s earnings report: Proof that the Saudis’ oil market strategy is working

Jan 30th, 2015
by John Donovan.
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Screen Shot 2015-01-30 at 12.02.38By Puneet Kollipara January 29 at 5:43 PM

Saudi Arabia shocked the world last fall in breaking from its traditional mold of keeping oil production artificially low to prop up oil prices. Instead, the Saudis and other OPEC nations voted to keep oil output steady even in the face of a global supply surplus, a move seemingly designed to respond to the threat that the Saudis see from rising output from non-OPEC producers — from U.S. shale plays to Russia’s Arctic to Brazil’s deep offshore waters. read more

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Shell stokes up its fire sale

Jan 19th, 2015
by John Donovan.
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Screen Shot 2014-06-23 at 11.37.41Introduction by John Donovan

Bloomberg is reporting that Shell has agreed to sell its stake in the Bijupira and Salema fields in Brazil. This development is no doubt in response to the collapse in oil prices and is stoking up the fire sale instituted by CEO Ben van Beurden when Shell announced a profits warning a year ago.

Extract from Bloomberg article

Royal Dutch Shell Plc (RDSA), the second-largest oil operator in Brazil, is selling a stake in one of its oil-producing projects in the country to HRT Participacoes em Petroleo SA (HRTP3), two people with knowledge of the matter said.

HRT, based in Rio de Janeiro, agreed to buy Shell’s 80 percent stake in the Bijupira and Salema fields, an offshore venture that started production in 2003, the people said, asking not to be identified because the deal hasn’t been made public. HRT will boost production to more than 30,000 barrels a day with the purchase, one of the people said. read more

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Shell Plans To Boost Ethanol Production In Brazil

Dec 31st, 2014
by John Donovan.
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How Royal Dutch Shell Intends To Boost Ethanol Production In Brazil

Bidness Etc looks at the progress Shell is making in the joint-venture with with Cosan Limited to boost ethanol production in Brazil over the next ten years

By: MICHEAL KAUFMAN
Published: Dec 30, 2014 at 7:19 am EST

The joint-venture between Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and Cosan Limited(USA) (NYSE:CZZ), called Raizen, plans to spend nearly $1 billion on building ethanol production facilities to increase its biofuel output by 50%, according to the Financial Times (FT).

Cosan Limited intends to build eight ethanol plants over the next ten years, for an estimated cost of $930 million (2.5 billion reais). The plants will produce cellulosic ethanol fuel using sugarcane waste as its primary raw material, the most efficient source of biofuel. The first of eight plants was completed last week, and has an annual capacity of 40 million liters. After the completion of all plants, the company expects biofuel output to increase 50%. read more

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Glencore-Macquarie Said to Exit Race for Shell Australia Assets

Feb 13th, 2014
by John Donovan.
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By Brett Foley, Andy Hoffman and Jesse Riseborough: February 12, 2014

Screen Shot 2013-12-22 at 19.09.52Macquarie Group Ltd. (MQG) and Glencore Xstrata Plc (GLEN) dropped out of bidding for Royal Dutch Shell Plc (RDSA)’s Australian oil refinery and filling stations, according to four people with knowledge of the matter. The assets Shell is selling include storage terminals, filling stations and an oil refinery in Geelong, south of Melbourne. Shell is stepping up asset sales after new Chief Executive Officer Ben van Beurden promised last month to cut capital spending following the company’s first profit warning in a decade. read more

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Brazil Says Shell Must Negotiate Encroaching Oil Reservoir

Jan 28th, 2014
by John Donovan.
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Sabrina Lorenzi: Monday, January 27, 2014

RIO DE JANEIRO, Jan 27 (Reuters) – Brazil’s ANP oil regulator said Royal Dutch Shell needs to negotiate with the Brazilian government on an oil reservoir that exceeds the limits of the concession block it controls with France’s Total, according to an ANP document seen by Reuters on Monday. The oil reserve, located in Shell’s BM-S-54 block, encroaches on areas controlled by the Brazilian government that have not yet been auctioned. read more

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Brazil’s Petrobras Completes $1.6 Billion Oil-Field Sale

Dec 31st, 2013
by John Donovan.
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December 30, 2013

RIO DE JANEIRO–Brazilian state-run energy giant Petroleo Brasileiro SA, or Petrobras, said late Monday that it had completed the sale of a 35% stake in an offshore oil field to partners Royal Dutch Shell PLC and India’s ONGC Videsh.

With completion of the deal, Shell raises its stake to 73%…

FULL ARTICLE

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Shell Completes Acquisition of Additional 23% Interest in BC-10 Project

Tuesday, December 31, 2013

Royal Dutch Shell plc announced Monday that it has completed the acquisition of an additional 23 percent interest in the Parque das Conchas (BC-10) project offshore Brazil for $1 billion.

Regulatory approvals have been obtained and Shell will now hold a 73 percent operating interest. The purchase is effective Jan. 1. Partner ONGC, previously holding a 15 percent working interest, will now hold a 27 percent working interest. This purchase is the result of pre-empting a third party’s bid for Petrobras’ 35 percent interest in BC-10. read more

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Raizen Energia Ethanol Sales Hurt by U.S. Cuts: Corporate Brazil

Dec 5th, 2013
by John Donovan.
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By Stephan Nielsen and Lucia Kassai December 04, 2013

Raizen Energia SA, Brazil’s biggest ethanol exporter, is the sugar-cane processor most at risk from a U.S. plan to cut biofuel mandates, threatening the South American country’s $6.4 billion export market.

The joint venture between oil producer Royal Dutch Shell Plc (RDSA) and Cosan SA Industria & Comercio produced 2.32 billion liters (612.1 million gallons) of ethanol in the 12 months through March. More than half was exported and most of that was shipped to the U.S., according to Salim Morsy, a New York-based analyst with Bloomberg New Energy Finance. read more

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Shell to Pay $280 Million for Share of Brazilian Off-Shore Drilling Rights

Oct 22nd, 2013
by John Donovan.
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By : October 21, 2013

In what CEO Peter Voser refers to as “one of the largest deep water oil accumulations in the world,” Royal Dutch Shell (NYSE: RDS-A & RDS-B), along with four other oil producers, will pay $280 Million for a 35-year contract to begin drilling in the Libra discovery in the Santos Basin, located about 105 miles off the Brazilian coast of Rio de Janeiro, Shell announced today.

According to Shell’s statement, Brazil’s governmental oil regulator estimates the Libra find has between 8 billion and 12 billion barrels of “recoverable resources.” read more

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Shell working to extend life of declining offshore field in Brazil

Jun 15th, 2013
by John Donovan.
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Macae, Brazil (Platts)–14Jun2013/120 pm EDT/1720 GMT

Shell is hoping to extend the life of an offshore oil field in Brazil’s Campos Basin until 2021, potentially adding five years of operation and as many as 20 million more barrels, Osman Tosun, the company’s field development manager, said Friday.

Shell on Friday spudded on of four new wells planned at the mature Bijupira-Salema field in an effort to extent production, Tosun told the Brazil Offshore conference in Macae.

–Dom Phillips, [email protected]
–Edited by Jeff Barber, [email protected] read more

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Shell Environmental and Human Rights Crimes in Brazil

May 21st, 2013
by John Donovan.
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EMAIL RECEIVED BY JOHN DONOVAN

Hello John and good-afternoon from Brazil!

I don’t know whether you have been told or not but Shell and Basf have come to a judicial agreement and has paid for our rights along with medical assistance for direct former employees and its children for a lifetime.

Thank you so much for your help.

Truly yours,
Manoel Miguel

Extract

The factory was built in 1977 by Shell. Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell interested in Petrobras Gulf of Mexico assets – CEO

Apr 20th, 2013
by John Donovan.
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RIO DE JANEIRO | Fri Apr 19, 2013 1:36am BST

(Reuters) – Royal Dutch Shell Plc (RDSa.L) is interested in acquiring new assets in the Gulf of Mexico, including those of Brazil‘s state-controlled oil company Petrobras, Shell’s Chief Executive Peter Voser said on Thursday.

No decision has been made on whether to purchase the oil exploration and production blocks that the Brazilian company is selling in the Gulf, Voser told reporters in Rio de Janeiro.

But Shell will consider all the assets that Petroleo Brasileiro SA (PETR4.SA), as Petrobras is known, is hawking under a $9 billion asset-sale program, he added. read more

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Shell, BASF Agree to Settle Brazil Contamination Case for $187 Million -Court

Apr 8th, 2013
by John Donovan.
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The Brazilian units of Royal Dutch Shell PLC and Germany’s BASF agreed to pay 370.8 million Brazilian reais ($187 million) to settle a lawsuit over suspected contamination at a now-shuttered pesticide plant, Brazil’s Supreme Labor Court said Monday.

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By Jeff Fick: Dow Jones Newswires: Published April 08, 2013

The Brazilian units of Royal Dutch Shell PLC (RDSB.LN) and Germany’s BASF (BASFR) agreed to pay 370.8 million Brazilian reais ($187 million) to settle a lawsuit over suspected contamination at a now-shuttered pesticide plant, Brazil’s Supreme Labor Court said Monday.

The completed settlement brings to a close a court dispute first initiated in 2007, when workers at the plant filed a court case after the discovery of low concentrations of a pesticide chemical in ground water and soil around the site of the Paulinia facility in the 1990s. Shell and BASF had previously said they had accepted a settlement proposed by the court as part of conciliation hearings. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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