Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘May 28th, 2010’

Shell agrees to buy US rival for $4.7bn

Times Online

Francesca Steele: May 28, 2010

Royal Dutch Shell has agreed to buy East Resources, the US natural gas explorer, for $4.7 billion (£3.2 billion).

The Amsterdam-based oil and gas giant said that it had struck a deal with East Resources and its private equity investor Kohlberg Kravis Roberts to acquire “subsidiaries which own substantially all of the business”.

East Resources has more than 650,000 acres in the Marcellus shale, a rock formation running from West Virginia to New York, which is said to contain vast amounts of natural gas. It produces the equivalent of almost 10,000 barrels of oil a day. 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.

Rethinking Offshore Drilling

“Royal Dutch Shell shares have also dropped – around 11% – since the BP oil spill began.”

smartmoney.com

Published May 28, 2010 7:20 AM

As the BP (BP: 45.38, +2.97, +7.00%) spill in the Gulf of Mexico continues, the Obama administration is reviewing its position on offshore drilling, which could add further selling pressure on BP and Royal Dutch Shell (RDS-A, RDS-B), among other oil companies. On Thursday, the President announced the suspension of most offshore drilling operations in the Gulf and postponed or canceled drilling in Virginia and in the Arctic. Meanwhile, the head of the regulatory agency Minerals Management Service resigned, suggesting a shakeup of management and an improvement in safety and regulations to come. 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 says drilling ‘pause’ will cost Alaskans jobs

"There's nothing that's going to get us to drilling in 2010," said Curtis Smith, a Shell spokesman, when asked whether the language of the announcement left room for salvaging Shell's summer operations in Alaska.

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 Buys U.S. Gas Assets From East Resources for $4.7 Billion

BusinessWeek Logo

By Fred Pals

May 28 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil producer, agreed to buy most of the assets of closely-held East Resources Inc. for $4.7 billion in cash, expanding its portfolio of U.S. unconventional gas deposits.

East Resources owns and operates more than 2,500 producing oil and gas wells in New York, Pennsylvania, West Virginia, and Colorado and is actively exploring drilling programs in Wyoming, according to its website. It has been operating in the Marcellus Shale Area for 25 years. 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 BP Merger?

THE NEW YORK TIMES

Spill Could Make BP Vulnerable

By ROB COX and CHRISTOPHER SWANN: MAY 27, 2010

BP is likely to eventually stop the flow of oil from its explosion in the Gulf of Mexico. After that happens, the autopsy of the spill will begin in earnest. But if the information dribbling into the public domain proves correct, the British energy giant will be a weakened creature — so weak it will be vulnerable to a takeover.

Royal Dutch Shell and Exxon Mobil are almost certainly running the numbers. Government leaders ought to be plotting their strategy, too. 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’s Statement on the President’s Offshore Announcement

PR Newswire: news distribution, targeting and monitoring

HOUSTON, May 27 /PRNewswire/ — The Deepwater Horizon accident in the Gulf of Mexico is a terrible tragedy for the families of those who lost their lives or were injured, as well as our neighbors in the Gulf region.

Immediately following the on-set of this incident, we undertook a number of proactive steps to reinforce our top priority, safety, by conducting a comprehensive review of our operating practices, testing frequencies and training protocols. We have an unwavering commitment to safe operating practices and will actively seek to understand the causes of the Deepwater Horizon incident. 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.
%d bloggers like this: