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Posts on ‘December 3rd, 2014’

Worst Shell oil spill into Niger Delta for years

Screen Shot 2014-10-30 at 09.22.43COMMENT RECEIVED ON THIS REUTERS ARTICLE FROM A REGULAR CONTRIBUTOR:

Shell says the leak was the result of attempted theft…and the leak occurred seven or eight miles from the shore? I guess the oil thieves are now using submarines…..

Reuters report December 03, 2014

Thousands of Barrels of Shell Oil Spill Into Niger Delta

BONNY ISLAND, NIGERIA – Niger Delta fishermen are no strangers to seeing oil spill into their waters from leaky pipelines, but even they were shocked by the scale of the slick stretching for miles from a Shell facility across the swamps and into the ocean.

Some 3,800 barrels spilled recently, according to an investigation by Shell and government officials. It ranks as one of the worst in Nigeria for years, local environmental activists said.

A Shell spokesman said that some 1,200 barrels had been recovered as of Tuesday, and “recovery efforts are continuing” at the site on the Okolo Launch on Bonny Island. 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.

Prospects of a Shell BP merger

Screen Shot 2014-10-28 at 12.29.57FROM A REGULAR CONTRIBUTOR

Firstly, falls in oil price and resulting low stock prices tend to result in waves of takeovers.

Examples during the low price era of the late 1990s – early 2000s:

· Exxon took over Mobil
· Statoil took over Saga, Norsk Hydro
· Chevron took over Texaco, Unocal
· Total took over Fina and Elf
· BP took over Vastar, Amoco and Arco

Shell is notably absent from this list – over the past ten years the gossip on the street has considered possible mergers involving Shell, BP and Total and even the demerger of Shell Oil, but the numbers apparently did not add up. Perhaps the fall in share prices over the past six months and a lack of exploration opportunities has once again made mergers more attractive than organic growth. 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/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.

BP and Shell in the takeover spotlight

Screen Shot 2014-10-28 at 12.29.57Shell has also been suffering its own share of setbacks recently. Its Alaskan Arctic operations have proved frustrating and it has given up on a natural gas project in Saudi Arabia. Meanwhile, a parliamentary committee in Nigeria is demanding it pay nearly $4bn in compensation for an oil spill in 2011.

The Independent: Oil companies BP and Shell in the takeover spotlight

Shares in Britain’s two oil champions – Shell and BP – have jumped as market rumours swept the City claiming the pair were planning a merger, highlighting jittery times for the industry at a time of five-year lows in the oil price.

Despite the fact the story was rubbished by City analysts, the speculation continued that Shell could buy its smaller rival in a deal that would be worth more than £200bn. BP’s share price jumped 5 per cent to 433.85p, valuing the company at £79bn. Shell shares rose 4 per cent to 2,292p, giving it a stock market value of £142bn. 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.
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