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Posts on ‘April 9th, 2015’

Shell expected to slash jobs and spending

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By LAURA CHESTERS FOR THE DAILY MAIL

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Royal Dutch Shell is planning a £20bn sell-off of assets to create a leaner oil giant after its £47bn swoop for rival BG Group.

Shell has snapped up BG to expand its liquefied natural gas business and Brazilian deepwater wells but the deal also creates a sprawling £200bn behemoth that will need to be cut down to size.

Shell’s chief executive Ben van Beurden said he ‘will reshape the combined portfolio’ to create a ‘more focused company in a volatile oil price world’.

The Anglo-Dutch giant is expected to slash jobs and spending and confirmed the deal will enable £670m of operational savings, £1bn of exploration savings and a total cut in spending to less than £27bn. But fears it has paid too much for its rival spooked investors and it shed £4.6bn in value as shares slumped almost 9 per cent to close down 189p at 2019.5p. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell sounds starting gun for more mergers in big oil

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By ALEX BRUMMER FOR THE DAILY MAIL

Screen Shot 2015-04-09 at 22.49.19After all the fuss over the appointment and fat cat pay for Helge Lund, the new chief executive of BG, one must wonder why chairman Andrew Gould bothered.

Just weeks after Lund took the reins, assets were written down by £6bn and Gould found himself in cloak and dagger talks with Royal Dutch Shell’s chief executive Ben van Beurden in a hotel room at the Dorchester.

Shell had been closely monitoring BG, the former exploration arm of privatised British Gas, since the final quarter of last year when global oil prices fell off a cliff. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Future of BP as independent company thrown into doubt by Shell’s takeover of BG

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By PETER CAMPBELL FOR THE DAILY MAIL

Future of BP as independent company thrown into doubt by Shell’s takeover of BG

Screen Shot 2015-04-09 at 00.19.50The future of BP as an independent company was thrown into doubt yesterday as analysts said BG’s takeover will prompt a wave of consolidation in the struggling sector.

Firms across the industry have been hit by the falling oil price, trimming their values and making them more vulnerable to bids.

Michael Hewson, chief market analyst at CMC Capital Markets, said the move ‘raises expectations as to which other companies could also come into play as the oil and gas sector gears up for further consolidation, with speculation surrounding Tullow Oil and BP’. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell boss says swoop for BG not just about collapse in the oil price – but admitted cheaper crude played a part

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By HUGO DUNCAN FOR DAILY MAIL

Shell boss Ben van Beurden

Shell boss Ben van Beurden

The boss of Royal Dutch Shell said his £47bn swoop for BG Group was not just about the collapse in the oil price – but admitted cheaper crude did play a part.

Ben van Beurden insisted the deal was an opportunity for Shell to beef up its operations – particularly through greater exposure to liquefied natural gas (LNG) where BG is a major player.

But he added that the fall in the oil price – from around $115 a barrel last summer to less than $60 last night – and the subsequent fall in the BG share price was a factor. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

BG Group deal with oil giant Royal Dutch Shell sparks fury over pay

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By LAURA CHESTERS FOR THE DAILY MAIL

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Screen Shot 2015-04-08 at 08.12.04BG Group is facing a fresh investor backlash over executive pay in the wake of oil giant Royal Dutch Shell’s £47billion takeover offer.

The potential £32million rewards package for BG chief Helge Lund was slammed as ‘completely over the top’ by one senior shareholder.

A chorus of senior investors in Shell and BG have revealed their dissatisfaction over bumper payouts at the oil firms.

Lund joined BG in February, just weeks before Shell made its approach. The deal for Shell to buy BG is likely to complete at the beginning of next year which means Lund will have been in the hotseat for only a year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell and BG: A vote for gas

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Shell’s offer for BG shows how the energy business is changing

Screen Shot 2015-04-09 at 22.12.5411 April 2015

JAM tomorrow, but never jam today. That was long the lament about Britain’s third-largest energy company, BG Group. It was notable for its great prospects, troubled operations, wobbly management and a slumping share price—down 20% in the past 12 months. Now Shell, an Anglo-Dutch giant, has pounced, with a £47 billion ($70 billion) cash and shares offer which pay BG shareholders a 50% premium on what their holdings were worth just before the bid. Barring regulatory objections, the deal, which will create a $300 billion oil and gas company, will be complete within 15 months. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Corporate espionage: Shell Cloak and Dagger activities

John Donovan, Co-Founder Royal Dutch Shell Plc.com

By John Donovan

Screen Shot 2014-10-30 at 09.22.43Corporate espionage: Shell Cloak and Dagger activities spanning more than two decades – much of it directed against me 

SHELL ALSO

  • Infiltrated spies into the Nigerian government 
  • Was responsible for covert operations against Greenpeace and other perceived enemies, using a serving secret service agent freelancing for a private spy firm closely connected with Shell
  • Employed private security contractors on the Corrib Gas Project to carry out surveillance operations in Ireland against the public and the press
  • Secretly applied pressure to The Sunday Times and The Financial Times in an attempt to suppress news coverage about me

In a recent Daily Mail article about Shell’s takeover bid for the BG Group, reference was made to a  ‘cloak and dagger’ meeting between Shell’s chief executive Ben van Beurden and the chairman of BG Group, Andrew Gould, at The Dorchester Hotel.

It was obviously an important commercially sensitive meeting, but it hardly compares with the real ‘cloak and dagger’ activity for which Shell has been responsible over the decades, some of it directed at me and my late father, Alfred Donovan. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Could Shell-BG Deal Revive Exxon-BP Merger?

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By: MICHEAL KAUFMANPublished: Apr 9, 2015 at 8:05 am EST

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has announced an agreement to acquire UK-based BG Group plc (ADR) (OTCMKTS:BRGYY) in a massive $70 billion deal. It is one of the biggest merger and acquisition deals in the oil sector for over a decade, and could become the platform for Shell to compete with market leader ExxonMobil Corporation (NYSE:XOM).

Shell will use cash and shares to pay UK natural gas giant’s shareholders around $20.17 (1,350 pence) per share of BG. Compared to BG’s 90-day average stock price before the deal was announced, it implies that Shell has agreed to pay a 52% premium. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell Sues Greenpeace Activists

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By: MICHEAL KAUFMANPublished: Apr 8, 2015 at 8:38 am EST

The oil multinational has filed a legal complaint in a federal court in Alaska, as it looks to remove the six Greenpeace activists from its vessel carrying the Polar Pioneer oil rig.

In an official statement yesterday, Shell said it has had talks with groups that are against the company’s planned drilling activities in Arctic this summer. While the company respects their views, the recent move by protesters has endangered their lives as well as lives of the crew members. The risky decision to climb a moving vessel is also illegal, claims Shell. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Who’s next?

Screen Shot 2015-04-09 at 00.19.50Extracts from an article by Sean Farrell and Julia Kollewe published by The Guardian, 8 April 2015, under the headline:

Shell’s BG takeover has oil industry asking who’s next

“Only Exxon has the flexibility to do big-ticket deals like BG Group. In contrast, Total, Eni and Statoil will have to content themselves with the pick ’n’ mix counter.”

BP could find itself the target of a takeover. The deal most commonly mooted by analysts is a bid by ExxonMobil to combine the two companies’ US businesses. After Shell’s move for BG, the US giant may feel emboldened to act. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

£47billion deal, one of the biggest takeovers, creates £200 billion company

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Screen Shot 2015-04-08 at 08.12.04News of the merger led to job fears. In the UK Shell has around 6,500 staff while BG employs around 1,600. Shell is in the process of laying off 500 people at its North Sea operations where old oil fields are becoming too expensive to operate.

By Laura Chesters City Correspondent For The Daily Mail

Extracts

The bid has been months in the planning. Shell ‘ran the numbers’ on BG, Britain’s third largest energy company, last year as its share price has fallen by a fifth since the oil price crash.

Shell’s chief executive Ben van Beurden made a call to BG’s chairman Andrew Gould on Sunday March 15 and a ‘cloak and dagger’ meeting took place at the Dorchester Hotel last month. 

He described the deal as a ‘fantastic fit’ and said the ‘logic’ to buy BG has always been there but that the falling oil price made it a ‘whole lot more compelling’. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Exxon, BP in Deal Spotlight After Shell Buys BG Group

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Screen Shot 2015-04-09 at 00.19.50Article by Tara Lachapelle and Brooke Sutherland published 8 April 2015 by Bloomberg.com

Now that Royal Dutch Shell Plc has made its move for BG Group Plc, Exxon Mobil Corp. and BP Plc could contemplate deals — perhaps even with each other.

Speculation of an Exxon-BP combination surfaced last year after oil prices declined sharply, increasing the appeal of big mergers that could yield massive cost savings. BP has largely put behind it the legal morass surrounding the 2010 Gulf of Mexico spill. Still, the $124 billion company remains among the cheapest major producers relative to estimated profit, according to data compiled by Bloomberg. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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