News and information on Royal Dutch Shell Plc
Shell, Petrobras units probed for Brazil price-fixingRIO DE JANEIRO (Reuters) – Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday…
Shell to make final investment call on Nigeria oilfield in 2019: official
HOUSTON, Oct. 10, 2017/PRNewswire/ — Shell Gas BV, Shell Brazil Holding BV and Integral Investments BV (“Shell”) today announce they have signed an agreement with Cosan Ltd. to execute an existing Put Option Agreement, which allows Shell to sell all of its 16.8% interest in Companhia de Gas de São Paulo (“Comgás”) to Cosan Ltd. Under the agreement, Shell will exchange its ~21.8 million common shares in Comgás for Cosan S.A. Indústria e Comércio (“Cosan SA”) shares plus cash.
RIO DE JANEIRO, Sept 15 (Reuters) – Brazil’s Raízen, the world’s largest sugar producer, is trying to cut production costs to remain profitable amid depressed international prices, Chief Executive Luis Henrique Guimarães said on Friday.
Raízen, a 50-50 joint venture between Cosan SA Indústria e Comércio and Royal Dutch Shell Plc, plans to crush up to 63 million tonnes of cane in the current crop season, more than 10 percent of total Brazilian cane output.
(Reporting by Rodrigo Viga Gaier; Writing by Marcelo Teixeira; Editing by Paul Simao)
Shell MoU with Petrobras and their partnership to share experience on cost efficiency and use of technology.
Déjà vu springs to mind (Daily Telegraph 01 March 2012) on BG Group finance of $1.8bn from Brazilian Development Bank to fund interests offshore Brazil (was this the same interests that Chapman demanded his cohorts in Brazil disclose over estimated reserves?).
Daily Telegraph 14 May 2013 also noted Chris Finlayson rhetoric to “keep up the pace with huge discoveries” and focusing on “value over volume”, leaving the company “lean and agile”.
HOUSTON, Mar 14, 2016 (PR Newswire Europe via COMTEX) — Third phase of major deep-water project delivered, optimizing production capacity
HOUSTON, March 14, 2016 /PRNewswire/ — Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil’s Campos Basin. Production for this final phase of the project is expected to add up to 20,000 barrels of oil equivalent per day (boe/d), at peak production, from fields that have already produced more than 100-million barrels since 2009.
Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) and BG Group plc.’s (ADR) (OTCMKTS:BRGYY) merger is faced with another setback, as the Australian antitrust regulator, Australian Competition and Consumer Commission (ACCC) now expects to make a decision by November 19. The commission announced on October 22, that the additional time will allow a more detailed review of the proposed acquisition.
The ACCC, earlier in September, had indicated that it will disclose its decision on the merger after two months. However, the regulatory authority has now decided to delay it by another two weeks. The delay in September had come amid ACCC’s concerns of Shell and BG’s overlapping businesses in Eastern Australia, which may limit competition.
A fresh drop in in oil prices and political instability in Brazil is making investors miss out on about $5.5 billion in Royal Dutch Shell Plc’s pending takeover of BG Group Plc.
BG closed on Monday at 990.4 pence, about 9.5 percent below Shell’s cash-and-stock offer. The difference in share prices in the deal — the largest in the energy sector in at least a decade — is wider than the average for other global acquisitions bigger than $10 billion, data compiled by Bloomberg show.
Friday, 7 August 2015
Royal Dutch Shell is considering investing billions in Brazil, set to become a focal point after the planned acquisition of BG Group, even as it prepares to sell huge chunks of its business to pay for the $70bn (£45.11bn) deal.
Despite a broad drive to cut spending in the face of persistently low oil prices, chief executive Ben Van Beurden remains steadfast in his plans to buy BG, which will transform Shell into the world’s biggest liquefied natural gas (LNG) supplier.
THE HAGUE, July 24, 2015 /PRNewswire/ —
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) today announced that its recommended combination with BG Group plc (“BG”) has received unconditional merger clearance from the Brazilian competition authority (CADE), satisfying the first of the pre-conditions to the combination. Other pre-conditions include merger clearances in Australia, China and Europe.
As Royal Dutch Shell seeks to finalise its £55bn takeover of smaller UK-based rival BG Group, it will be closely watching the situation at Petrobras, Brazil’s state-controlled oil company that is engulfed in scandal.
By Mario Sergio Lima and Rachel Gamarski published by Bloomberg.com 23 April 2015Royal Dutch Shell Plc, poised to become Brazil’s biggest oil producer after Petroleo Brasileiro SA, said the state-run driller will emerge strengthened from a corruption scandal and the industry’s biggest debt load.
Speaking to reporters in Brasilia after meeting with President Dilma Rousseff, Chief Executive Officer Ben Van Beurden said Brazil probably will account for 20 percent of Shell’s output by the end of the decade after its planned $70 billion purchase of BG Group Plc. The Hague-based company would consider further growth opportunities in the country if they arise, he said.
Shell’s Brazil strategy factors in Petrobras scandal -CEOThu Apr 23, 2015 7:04pm BST
(Reuters) – Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell’s CEO said on Thursday.
Chief Executive Ben van Beurden said oil production from Brazil’s offshore subsalt region will remain profitable, and predicted that oil prices will rise from the low levels of the past six months.
Van Beurden briefed Brazilian President Dilma Rousseff for 1-1/2 hours on Thursday on his company’s operations in Brazil, where Shell is set to become the second-largest oil producer following its April 8 agreement to purchase rival BG Group.
14 April 2015
Shell 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.
Article By Nick Cunningham published Sun, 12 April 2015 by OilPrice.comCould 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.
Royal 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.
: I find it fascinating how so many brainwashed Shell slaves are quick to criticise Mr Donovan for the work he is doing. It is surely his decision and prerogative to do whatever he wants with his own time? Just like you and I choose to work for a slimy, corrupt, evil, fascist, environment destroying company. The only difference is that I actually admit to being a whore that’s sold my soul for money!
As for your defence of Brinded, I find it laughable. That man was an abnoxious individual who was acting more like an SS officer than a senior executive.
Keep up the good work John. Warm wishes and my heartfelt thanks to for keeping us all informed of Shell’s true nature. REPLY BY JOHN
: Mr Donovan if it is your twisted objective to poison the Internet for the Shell brand you, unfortunately, seem to be succeeding. Searching for any subject connected with Shell inevitably seems to generate negative news reports, negative information and anti-Shell images, all apparently originated by you. Your allegations about Shell’s alleged Nazi history seem to be spreading across the Internet like a virus. Your Shell-branded counterfeit websites seem to be multiplying almost by the day. I am losing count of them all. This situation is bad for all stakeholders including employees, shareholders and pensioners. I also object to the personal attacks on Shell people, for example on Malcolm Brinded who has never been found guilty of any wrongdoing. Don’t you have any scruples? I am also concerned for your mental health and your bank balance. Is a third party also hostile to Shell funding your pervasive and malicious online activities? What’s the betting that my comments will not appear on your supposedly uncensored Shell Blog? I am also mystified why Shell has not taken action to protect its reputation?
REPLY BY JOHN DONOVAN The most recent proceedings were in 2005 via the World Intellectual Property Organisation. Shell unsuccessfully attempted to seize some of our Shell related domain names including royaldutchshellplc.com and royaldutchshellgroup.com.
All of the litigation cost Shell tons of wasted money in legal fees and attracted negative publicity.
We have sued Shell twice for defamation. Shell settled both cases.
More recently, RDS Company Secretary/Main board member Michel Brandjes threatened legal action over my book about Shell's Nazi history. His emailed threats turned out to be nothing but bluster. Shell will never take legal action on the topic as it would draw attention to the most toxic subject relating to any existing major multinational in the world.
: ON THE SUBJECT OF BRINDED: He has such a strange brain, could outthink most people in Shell but rather than concentrate on doing good things for Shell and developing people he became the ultimate micromanager and surrounded himself with sycophants. Until the 2nd half of the eighties he was OK and the driving force of the highly successful SLIM technology. I believe this was what launched his big career. Thereafter he became moody and unpleasant for people who dared to question him or make good suggestions to him. Probably quite insecure and status conscious. Never understood this. He just took himself too seriously.
: Donovan has already said suggested he won't name the individual. He is more determined to go after Brinded with whom he has a personal issue. As Veritas suggests there is something deeper there which makes this whole issue inconsistent in his refusing to name the guilty individual.
: John Donovan, you are such a hypocrite. You claim you don’t want the convicted pedophile’s family to suffer, but you keep dragging Brinded’s family through mud. You should be consistent in your actions. The only thing consistent about you is how you continue to live off of some overblown ‘offense’ your father experienced decades ago. You claim to be an open wound to Shell. The only open wound I see is the one in your damaged psyche that you continue to nurse.
REPLY BY JOHN DONOVAN
Happy Christmas to you too.
: So its OK to go after Brinded who hasn't been convicted and to name and shame him for alleged financial wrongdoings and there are pictures of him and his family on the web but you draw the line at naming a CONVICTED individual. Mmmmm
REPLY BY JOHN DONOVAN
: "The name of the relevant individual in a Shell leadership role has been verified from court records and social media)"
REPLY BY JOHN DONOVAN
Because having seen the Shell leader in question in a photograph with his family, I have reservations about naming him some 14 years after the offences took place. Why should his family suffer?
: I concur with Bonus's comment's. Unfortunately these "turkeys' can't comprehend their deficiencies and actualy believe they are something special. A throwback of the rampant deviant executive culture at the time, which fostered them.
: Christmas is coming, The goose is getting fat, Please, put a penny in the ex BG employee's hat! Rumour has it that the turkeys in the Brasil Asset, having contributed little to nothing to the asset over the past year, are now rubbing their hands with glee in anticipation of their annual bonuses. Hopefully, there will be another round of cost cutting in the New Year and they will be out on the street!
: I am not sure I want to know which one of our leaders is a child sex offender. I would like to know if management hired the guy aware of his past history?
: Is this another sensitive subject where we can we expect a memo from Donny Ching warning us not to discuss it with colleagues?
: Guess his hiring and promotion prove Shell is an equal opportunities employer.
"Equal opportunity means that all people will be treated equally or similarly and not disadvantaged by prejudices or bias. This means that the best person for a job or a promotion is the person who earns that position based on qualifications, experience and knowledge. Workplace diversity values everyone's differences."
It does make the workplace uncomfortable for everyone who has contact with him. On the other hand, he has to work somewhere or otherwise conviction would amount to a life sentence for repellent acts carried out 14 years ago.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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