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Posts Tagged ‘Shell BP Merger’

Shell/BP takeover rumors

Screen Shot 2014-10-28 at 12.29.57Why Shell/BP takeover rumors are back

By CNBC’s Catherine Boyle 

The evergreen rumor that Shell could be looking to buy BP returned to the market Tuesday — and sent share prices of both companies higher.

Ever since Lord Browne, BP’s former chief executive, confirmed in his 2010 memoir that cautious talks to this effect took place in 2004, the potential megamerger of the two London-listed oil giants has whetted appetites in the markets.

Yet BP and Shell declined to comment on the rumor, and industry sources were sceptical of the deal. Neither company appears to have retained new banking advisers, often a sign that a deal may be on its way. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Can BP plc Be Acquired By Royal Dutch Shell plc?

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Screen Shot 2014-10-28 at 12.29.57Bidness Etc discusses the prospects of BP being taken over by Royal Dutch Shell plc (ADR) owing to declining crude oil price

By: MICHEAL KAUFMAN
Published: Dec 2, 2014 at 2:21 pm EST

BP plc (ADR) (NYSE:BP) stock is up 2.6% on speculation that Royal Dutch Shell plc (ADR) (NYSE:RDS.A) might be interested in acquiring the British oil supermajor and thus move toward greater consolidation in the European energy sector. Around 7.9 million BP shares had been traded by 12:30 p.m. EST, which is 25% higher than the 30-day average daily trading volume of 6.32 million shares. Meanwhile, Royal Dutch Shell plc (ADR) (NYSE:RDS.B) stock price is also up more than 2.5% today. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell bid for BP?

Screen Shot 2014-10-28 at 12.29.57By John Donovan

Since May, we have posted a number of articles suggesting that a Shell bid for BP is in the pipeline.

Shell BP Mega-Merger?: 29 May 2014

It is therefore interesting to note that Reuters has today published speculation on the same subject under the headline: BP shares rise, traders cite talk of bid from Shell

Extract

(Reuters) – Shares of UK energy major BP rose more than 3 percent on Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP’s price gushes on Royal Dutch Shell bid hopes

In deepwater: BP’s shares are still way below the 655p level hit before the Gulf of Mexico disaster

By Tamsin Brown
Last updated at 12:28 AM on 5th January 2011

Almost £5billion was added to the market value of BP as investors flocked to the stock on hopes of a takeover.

Shares in the oil giant gushed up 27.35p or 5.88 per cent to 492.90p, putting them at a six month high and helping to push the FTSE 100 through the 6,000 level.

The big rise came after the Daily Mail reported on Tuesday that rival Royal Dutch Shell (23.50p higher at 2162p) had mulled an opportunistic takeover bid for BP during the Gulf of Mexico oil spill and could still make a bid if another suitor emerged. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP Advances in London After Daily Mail Says Shell Considered Takeover Bid

By Brian Swint – Jan 4, 2011 9:05 AM GMT+0000

BP Plc, the company fighting legal claims after the biggest oil spill in U.S. history, rose the most in six months after the Daily Mail newspaper said Royal Dutch Shell Plc considered a takeover bid during the crisis.

Shares advanced as much as 5 percent, the most since July 16, and traded at 485 pence as of 8:26 a.m. in London. Shell considered a bid for BP last year when shares were at their nadir after the spill and is still interested in a merger, the Daily Mail reported today, citing unidentified people close to Shell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell eyed a move for BP after oil spill

Oil spill: BP still faces the possibility of huge fines from the US government   Royal Dutch Shell weighed an opportunistic takeover bid for crisis-torn BP during the Gulf of Mexico oil spill, according to sources close to the Anglo-Dutch giant.   The Shell board pulled back from making a rescue offer for its longstanding rival on fears that the uncapped legal liabilities could blow a huge hole in BP’s future prospects. But it is understood Shell remains interested in a merger with BP.

At their lowest point in early June, BP shares were trading at just 296p, valuing the group at £55.6billion.

That was less than half the peak value of £123.6billion before the disaster. The group currently has a market capitalisation of £89billion.

BP was able to cap the private-claims from businesses around the Gulf of Mexico region at $20billion after negotiations with the White House.

But it still faces the possibility of huge fines from the US government.

The possibility of a merger between Shell and BP has been discussed before. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP sued by the US government over Gulf oil spill

By Hugo Duncan
Last updated at 10:36 PM on 15th December 2010

The US government last night sued BP in an effort to recoup billions of dollars in the wake of the Gulf of Mexico oil spill.

The Obama administration is seeking unlimited damages from BP and other firms linked with the disaster. It is also suing BP’s insurer Lloyd’s of London.

The move could put pressure on BP’s share price when the stockmarket opens today, potentially making the firm more attractive to a bidder. Rival Royal Dutch Shell is tipped as a predator.

Damaging times: The Obama administration wants recompense for the Deepwater Horizon disaster
read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Slick BP could attract a bid from Shell after asset sales

Disaster recovery

By Rob Davies
Last updated at 1:13 AM on 15th December 2010

BP was the strongest blue-chip riser on the Footsie as talk of a bid in the new year from Royal Dutch Shell resurfaced and the firm raked in nearly £500m by selling assets in Pakistan.

Trading in BP reached frenzied levels – boosting its shares by 14.75p to 473.1p – amid positive broker sentiment and fresh speculation that Shell or US rival Exxon Mobil could revive their interest in a bid during 2011.

BP’s share price languished as low as 304.6p following April’s Deepwater Horizon disaster in the Gulf of Mexico, sparking talk that several rivals were drawing up plans for an opportunistic bid. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Opportunistic takeover bid of BP by ExxonMobil or Shell

Oil giant makes its comeback

Comeback: The oil giant climbed to the top of the risers in latest trading

By Alex Brummer
Last updated at 1:12 AM on 15th December 2010

No one should get too starry-eyed about BP. The shares are still £2 below the peak achieved before the Macondo well explosion in April, the dividend is still in abeyance and the White House-appointed oil claims czar – Kenneth Feinberg – is still spending the group’s money as the claims from the Gulf region pour in.

Nevertheless, it could be much worse.

Under the settled claims BP receives a legal release; this prevents those taking the cash now from suing. So the fear, at the peak of the crisis last summer, that eventually a renegade, elected Texas judge would make a ruling which would represent an existential threat to the company (as was the case at Texaco a generation ago) has retreated. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP shines as FTSE 100 hits new high for year

Fuelled by a rise in BP, the benchmark index headed to its highest level so far this year.

Rachel Cooper

By Rachel Cooper, City Reporter 7:02PM GMT 14 Dec 2010

Having been treated to a round of deals earlier in the week, investors were on the hunt for fresh takeover tittle-tattle. BP did the honours, gushing up 14¾ to 473.1p as traders pointed to vague speculation about a possible bid from rival Royal Dutch Shell.

As ever, such rumours come with a health warning and there were other factors helping BP.

The oil major sold its Pakistan oil and gas assets to Hong Kong-listed United Energy Group for $775m (£489m) as part of its strategy to sell off up to $30bn of assets to help cover the costs of the Gulf of Mexico oil spill. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP jumps on takeover talk

guardian.co.uk home

Tuesday 14 December 2010

BP was in the takeover spotlight as leading shares rose for the fourth trading day in a row to hit a new high for the year.

The company was the biggest riser in the leading index, up 14.75p to 473.10p on talk of possible bid interest from Royal Dutch Shell, whose B shares added 28.5p to 2081.5p. More than 61m BP shares changed hands, well above recent levels. Since the Gulf of Mexico disaster BP has been seen as vulnerable to a bid, with Exxon Mobil also mentioned as a possible predator. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP gains on Royal Dutch Shell bid talk

By David Brett

LONDON, Dec 14 (Reuters) – Gains in energy stocks offset falling miners, leaving Britain’s top share index almost level on Tuesday, with BP the top riser on vague market talk of bid interest from Royal Dutch Shell.

By 1156 GMT the FTSE 100 .FTSE was 1.15 points higher at 5,861.90 in light trade, after rising 0.8 percent on Monday to its highest close since Nov. 9.

BP rose 2.3 percent, with traders citing talk of potential bid interest from Royal Dutch Shell. Both companies chose not to comment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Beyond Business

Financial Times

Review by Ed Crooks

Published: February 22 2010 05:00 | Last updated: February 22 2010 05:00

Book cover of 'Beyond Business: An Inspirational Memoir from a Visionary Leader' by John BrowneBeyond Business: An Inspirational Memoir from a Visionary Leader
By John Browne
Weidenfeld & Nicolson £20, 336 pages
FT Bookshop price: £16 read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BusinessWeek says Royal Dutch Shell will buy BP

With the rapid collapse of oil prices, and the resulting financial pressures, expect two or more mergers among Big Oil. Our best guess? Royal Dutch Shell (RDSA) buys troubled BP (BP), in part to avoid regulatory issues that could come from merging with a U.S. oil company.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The retreat from Moscow

"ExxonMobil is the only one that could really pull it off but it is more logical for BP to do a merger of equals with Shell with Tony Hayward running both companies," Gheit added.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.