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December, 2015:

Shell says BG takeover works with oil price in low $60s

Dec 23rd, 2015
by John Donovan.
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LONDON | BY RON BOUSSO AND KAROLIN SCHAPS: Deals| Wed Dec 23, 2015

Royal Dutch Shell’s (RDSa.L) proposed $53 billion takeover of rival BG Group (BG.L) will work even if future oil prices are in the low $60s a barrel, it said on Tuesday in announcing another $5 billion cut in spending next year to weather low oil prices. The company previously said the break-even oil price for the deal was $65 a barrel.

Publishing its prospectus for shareholders on Tuesday, Shell set Feb. 15 as the completion date for the deal, the largest in the energy sector in a decade and one that helped make 2015 a record-breaking year for mergers and acquisitions. 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’s slick take on BG merger cannot hide a poor deal

Dec 22nd, 2015
by John Donovan.
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FULL ARTICLE

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.

Major Shell, BG shareholder expresses support for $53 billion merger

Dec 22nd, 2015
by John Donovan.
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Deals | Tue Dec 22, 2015 12:09pm EST: LONDON

Top 10 Royal Dutch Shell RDsa.L and BG Group (BG.L) shareholder Aberdeen Asset Management (ADN.L) said on Tuesday it supported Shell’s proposed $53 billion acquisition of its smaller British rival.

“We’re supportive of the deal from a strategic perspective. It makes a lot of sense to put the two companies together,” Ben Ritchie, senior investment manager at Aberdeen Asset Management, told Reuters.

Shell said on Tuesday it planned to complete the proposed takeover by Feb. 15 if the deal is approved by both sets of shareholders at meetings due to be held at the end of January, and outlined plans for further spending cuts next year in the face of low oil prices. 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 plans to complete BG merger by Feb. 15, cuts spending plan

Dec 22nd, 2015
by John Donovan.
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LONDON | BY RON BOUSSO AND KAROLIN SCHAPS: Tue Dec 22, 2015 12:09 EST

Royal Dutch Shell (RDSa.L) said on Tuesday it planned to complete its proposed $53 billion takeover of BG Group (BG.L) by Feb. 15, outlining plans for further spending cuts next year in the face of low oil prices.

Shell also lowered the capital spending plan for next year for the combined group by $2 billion to $33 billion, saying it would bolster its ability to weather the industry’s downturn and to maintain dividend payments. 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 vows BG purchase will ‘reshape’ it

Dec 22nd, 2015
by John Donovan.
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Tuesday 22 Dec 2015

Royal Dutch Shell has vowed that its £35.6bn acquisition of rival BG Group will benefit the combined company in what may prove a “prolonged downturn” in the oil price.

Chad Holiday, the chairman of Shell, said:

This is an important moment for Shell. The Board is unanimous in its recommendation on this transaction. Our industry has entered what could be a prolonged oil price downturn. The Board is confident that the financials of the group will be further strengthened by this transaction. This should improve Shell’s ability to cover both dividends and investments. The result will be a more competitive and stronger company, for both sets of shareholders, in today’s volatile oil price world. 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.

UK awash with oil as tankers forced to turn around

Dec 22nd, 2015
by John Donovan.
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Unseasonably warm winter weather has left the UK with its highest October stockpiles of oil for the past five years, according to Government figures

By John Ficenec, and Agency: 2:46PM GMT 22 Dec 2015

Record high temperatures in December have left the UK with the highest stocks of oil for five years as Europe-bound fuel tankers are forced into mid-Atlantic U-turns.

An unseasonably balmy period means the UK is on track for the warmest December in more than 100 years, and stocks of oil and gas are piling up as households turn down the heating.

Oil stocks in the UK have risen to almost 15m tonnes, which is 9pc above the same stage last year, according to the latest figures released by the Department for Energy and Climate Change. 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 calls for stronger regulation to avoid Middle East oil price distortion

Dec 22nd, 2015
by John Donovan.
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Screen Shot 2015-11-20 at 08.55.47Anthony McAuley: December 22, 2015

Royal Dutch Shell is lobbying to reform regional oil trading after a series of price squeezes, particularly by Chinese state oil firms.

In a highly unusual move, Royal Dutch Shell has called for greater regulation of the market to improve transparency and avoid price distortion.

Now, Shell is following up its public call with behind-the-scenes efforts to gather support for change, particularly from the regional state oil firms.

“There need to be safeguards to prevent the risk of distortion, and to ensure the Dubai benchmark price mirrors true market supply and demand fundamentals,” a Shell spokesman said. “Due to some of the unique characteristics of the Dubai market, it is susceptible to and can be heavily influenced by a market participant amassing a large portion of the available three crudes deliverable in that month.” 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.

$70 billion deal between Royal Dutch Shell plc and BG Group plc may be in danger

Dec 22nd, 2015
by John Donovan.
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Royal Dutch Shell-BG Group Deal: Succumbed to Pressures?

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According to various market participants, the merger does not make sense at low oil prices and so they are urging Shell to pay a termination-fee of $750 million to BG Group and walk out of the deal.

By Mushhood Khan on Dec 22, 2015

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has just entered the last stage of closing one of the biggest energy deals this year. Yesterday, the oil giant announced that BG Group would file a request for approval in the High Court, following the consent by China’s Ministry of Commerce (MOFCOM) coupled with the unanimous decision of the boards of directors. Subsequently, the energy companies will publish scheme documents for their shareholders and set up a shareholders’ meeting. The companies are expected to release documents today. 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.

Oil price falls to 11-year low with global glut expected to deepen in 2016

Dec 22nd, 2015
by John Donovan.
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Screen Shot 2015-12-22 at 09.00.18Larry Elliott: Tuesday 22 December 2015 

The investment bank Goldman Sachs has said that it could take a drop to as little as $20 a barrel for supply to adjust to demand.

However, Shell said on Monday that it is pressing ahead with its $60bn takeover of BG Group despite doubts among some shareholders about the deal’s viability given the falling oil price.

FULL ARTICLE

RELATED: Oil producers prepare for prices to halve to $20 a barrel

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’s £40bn takeover of BG Group edges closer despite tumbling oil price and shareholder discontent

Dec 22nd, 2015
by John Donovan.
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By CITY & FINANCE REPORTER FOR THE DAILY MAIL: PUBLISHED: 21:55, 21 December 2015

Tumbling oil prices and shareholder discontent have not prevented Royal Dutch Shell’s £40billion takeover of BG Group entering the final stages.

The deal could complete in February after BG applied to the High Court to hold the shareholder meetings to vote on it in the new year.

The tie-up has been unpopular with some investors and experts who argue it does not make sense when the oil price is so low. 

The price of Brent crude plummeted to an 11-year low yesterday as excess supply continued to flood the market. 

Oil production is running close to record highs and Brent futures fell by as much as 2 per cent to a low of just above $36 a barrel, their weakest since July 2004. 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 shareholders move to back £35bn takeover of BG

Dec 21st, 2015
by John Donovan.
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David Hellier: Tuesday 22 December 2015 

Some of the largest shareholders in Royal Dutch Shell, the giant petroleum and energy group, are expected to publicly back the company’s $53bn (£35bn) takeover of BG amid concern the deal could be sabotaged by those who want it scrapped. 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.

Oil Prices Slump to 11-Year Lows in Asia and Europe

Dec 21st, 2015
by John Donovan.
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By STANLEY REED: DEC. 21, 2015

LONDON — Oil prices hit 11-year lows in Asia and Europe on Monday, as a glut of crude on world markets and the recent global climate accord continue to depress fossil-fuel prices.

Brent crude oil, the international benchmark, settled at $36.51 a barrel on Monday in Europe.

Analysts say there is little to restrain continued price declines in the near term. Prices are down about 15 percent so far in December, after an OPEC meeting failed to produce measures to restrain record-high production. That meeting was quickly followed by the United Nations climate accord in Paris, which aims to reduce the world’s reliance on oil and other carbon-emitting fuels. 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-BG Deal Not Yet in the Bag Amid Fears of Further Oil Slump

Dec 21st, 2015
by John Donovan.
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“..if there’s another sharp spike down in oil prices — crack through $30 towards $25 — there has to be a pain threshold beyond which the board would have to turn around.”

By Rakteem Katakey: Bloomberg.com: December 21, 2015 -2.42PM GMT

Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG Group Plc to the offer price shows that a further steep drop in oil prices could still put the deal in doubt.

BG traded 12.5 percent below Shell’s bid price on Dec. 18, the biggest discount since early September, compared with a 6.4 percent gap on Dec. 4. While BG shares soared when news of the deal broke eight months ago, they’ve since tumbled more than 20 percent as oil prices slumped.

If benchmark Brent crude sinks to the mid-$20s a barrel, the transaction may fall through, said Philip Lawlor, a strategist at Smith & Williamson Investment Management LLP in London, which owns shares in both Shell and BG. Trz Trading BV’s Niels Lammerts Van Bueren said it “all depends on the oil price.” 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 and BG Shareholders to Vote on Deal at End of January

Dec 21st, 2015
by John Donovan.
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The takeover, valued at about $70 billion when it was announced in April, has come under scrutiny as crude prices slumped below $40 a barrel amid a global oversupply.

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By Amanda Jordan: December 21, 2015

Shareholders of Royal Dutch Shell Plc and BG Group Plc are expected to vote on Jan. 27 and Jan. 28 on the companies’ planned combination announced eight months ago.

Shell and BG plan to publish shareholder documents as soon as Tuesday, the companies said Monday in a regulatory statement. In BG’s case, votes in favor must represent at least 75 percent of the total value of BG shares. Shell requires 50 percent backing.

Shell, Europe’s biggest oil company, won Chinese antitrust approval for its purchase of Reading, England-based BG this month, clearing the last regulatory hurdle for the deal. 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.

YOUR COMPANY IS EVIL

Dec 21st, 2015
by John Donovan.
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London Rising Tide protesters outside the Royal Courts of Justice to highlight Shell’s devastating pollution in Nigeria 

To whom this may concern, 

I am writing an e-mail to you to let you know how disgusting and disgraceful company is, I am referring to the oil spills in Nigeria where your carelessness has affected the lives of the local people there…….I know that it is of little concern for your company who care nothing but making profit. It is also annoying to know individuals are powerless to make a difference and your continuation of lying of cleaning the oil spills or even repairing the pipes which are leaking this hazardous poison (oil) into mother earth. 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 To Sea JR Legal Fund

Dec 21st, 2015
by John Donovan.
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Four local residents have initiated a legal challenge to the Environmental Protection Agency’s decision granting Shell E&P Ireland an INDUSTRIAL EMISSIONS LICENCE P0738-03 for the Corrib gas refinery in Co Mayo.

THIS IS THE FINAL DECISION TO PUMP THE GAS

In proceedings before the High Court, four residents argue THAT the decision to grant the license is flawed and should be set aside.

The action, against the EPA and the State, has been brought by Martin and Maura Harrington, and Monica Muller and Peter Sweetman.  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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