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Maarten Wetselaar

Shell Steams Ahead With BG Takeover With Promise of More Savings

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Rakteem Katakey: November 3, 2015: Bloomberg.com

  • Raises estimates of savings after combination to $3.5 billion

  • Gas business becomes stand-alone unit under Maarten Wetselaar

Royal Dutch Shell Plc said its record takeover of BG Group Plc will still deliver value to investors even in a prolonged oil-industry downturn and reshaped its business in preparation for the acquisition.

Europe’s biggest oil company will save an addition $1 billion in operating costs from the combination with BG, bringing the total estimate of synergies from the deal to $3.5 billion, Shell said in a statement on Tuesday. The takeover will still add to the company’s earnings per share and cash flow from operations even after the outlook for Brent crude prices to 2018 dropped by $10 to $15 a barrel since the deal was announced in April. read more

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Appointment of Maarten Wetselaar as Integrated Gas Director

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Maarten Wetselaar, Integrated Gas Director, Royal Dutch Shell Plc

THE HAGUE, the Netherlands, November 3, 2015 /PRNewswire/ —

Royal Dutch Shell plc (“Shell”, NYSE: RDS.A, NYSE: RDS.B)) today announces the appointment of Maarten Wetselaar Integrated Gas Director with effect from January 1st, 2016.

Integrated Gas in Shell has grown into a business that generated $11 billion of cash flow per year average over the last three years, compared to $2 billion in 2009. Integrated Gas is now being established as stand-alone organisation in Shell, reflecting both its enlarged scale and investment potential. In this new role, Maarten will become a member of the Executive Committee of Shell. read more

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Shell sees no major impact on higher US gas export to Europe

Screen Shot 2014-02-10 at 16.29.29Extract from a Reuters article published 25 March 2014 by The Peninsula

Tension over the future of Ukraine is prompting the European Union and United States to look at deepening their economic ties. Europe is hoping to tap the abundant energy resources of its key ally to reduce dependence on Russia, which feeds a bulk of the region’s gas demand.  Liquefied natural gas (LNG) will in the meantime remain tight due to Japan’s post-Fukushima demand, until new supply comes onstream from Australia, Angola and Papua New Guinea, Maarten Wetselaar, executive vice president of Royal Dutch Shell’s integrated gas division, said in an interview. read more

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Shell EP: The lame being led by the blind

Screen Shot 2014-01-14 at 14.34.31So the shock of not becoming number one was too big for Andy Brown. I wish him a speedy recovery and thereafter he should go spend quality time with his family and enjoy his earnings. Wetselaar is no doubt a brilliant finance man. But a finance man is really a failed banker, not good enough for the real thing… And this brilliant fellow will ‘lead’ the whole upstream as a part-time job? Has Shell not learned from the past what happens if you put beancounters in charge?

Comment from an old EP hand on Jan 21st, 2014 at 16:19 

The lame being led by the blind: So the shock of not becoming number one was too big for Andy Brown. I wish him a speedy recovery and thereafter he should go spend quality time with his family and enjoy his earnings.

On shell.com I read the following:

‘During Andy’s recuperation and until his return to work, Maarten Wetselaar, Executive Vice President Integrated Gas and former head of finance for Upstream International, will serve as acting Upstream International Director, in addition to carrying out his regular duties.’ 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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