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November 8th, 2015:

Fund boss blasts Shell’s pursuit of BG Group

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Martin Waller: 8 November 2015

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A senior executive at one of the City’s biggest fund managers has attacked the proposed takeover of BG Group by Royal Dutch Shell, likening it to the disastrous purchase of ABN Amro by Royal Bank of Scotland in 2007, soon before the financial crisis.

Ian McVeigh, head of governance at Jupiter Fund Management, said that Shell needed to create £30 billion of value from acquiring BG to make the deal work. “Hugely expensive moves whose main purpose is to rebalance portfolios have a grim history,” he said. read more

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Saudi Arabia will not stop pumping to boost oil prices

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Saudi Arabia is determined to stick to its policy of pumping enough oil to protect its global market share, despite the financial pain inflicted on the kingdom’s economy.

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FULL FT ARTICLE

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

Plan for equality on Shell merger

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Plan for equality on Shell merger

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Jane Harper: Herald Sun: November 8, 2015 

A PEAK manufacturing group has urged the competition watchdog to place conditions on Royal Dutch Shell’s multibillion-dollar buyout of oil and gas heavyweight BG Group.

The proposed $US70 billion ($99 billion) deal would be one of the biggest in the oil and gas sector’s history.

The Australian Competition and Consumer Commission is due to announce its decision on November 19, but has raised concerns about the potential impact on gas supply.

Manufacturing Australia has made fresh calls for the ACCC to lay down parameters to ensure gas is made available to domestic and international customers in a “transparent and equal” manner.

Manufacturing Australia said it feared the merger would undermine efforts to reform what it said was presently a dysfunctional gas market. read more

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

Protest threatened over memorial 20 years after Ken Saro-Wiwa execution

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Twenty years after ‘judicial murder’, Nigeria’s Ogoni people highlight international storm over oil spillage pollution

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John Vidal: Saturday 7 November 2015

Leaders of Nigeria’s Ogoni people have threatened to disrupt the country’s oil industry if the government does not release a British artwork commemorating the 20th anniversary of the execution of the writer Ken Saro-Wiwa.

The memorial, in the form of a large bus, has been impounded by customs in Lagos for six weeks because it is considered politically inflammatory. A quote from the writer on the side of the bus accuses the oil companies of “practising genocide against the Ogoni”. read more

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