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Posts on ‘April 15th, 2015’

The Exxon Mobil-BP Merger Rumor That Just Won’t Go Away

Screen Shot 2015-04-15 at 15.59.22SeekingAlpha.com article by Dave Dierking published 15 April 2015

The Exxon Mobil-BP Merger Rumor That Just Won’t Go Away

Summary

  • The rumors of the viability of an Exxon Mobil-BP merger surfaced once again recently following the Royal Dutch Shell-BG merger.
  • Exxon Mobil could be compelled to make such a transaction due to BP’s relatively inexpensive valuation and the tens of millions of dollars in cost savings a merger would create.
  • The potential scope and size of such a merger – the combined entity would be worth close to $500B – make it unlikely to occur.
  • Exxon Mobil could be turned off by BP’s outstanding litigation concerns and costs as well as BP’s Russian investment in Rosneft.

Even well before Royal Dutch Shell (NYSE:RDS.A) made a $70 billion bid to buy BG (NYSE:BG), talks of the merger & acquisition market in the energy sector heating up have persisted for months. The Shell-BG merger it’s thought could just be the first domino.

Analysts are keeping an eye on other big name oil companies like Exxon Mobil (NYSE:XOM) and BP (NYSE:BP) as other firms that could be looking to make an acquisition or even combine in a merger themselves. Logically speaking, it would make more sense for the two companies to make acquisitions themselves to fill in holes in their businesses where they might be lacking. As oil prices have plunged, the value of energy stocks have dropped as well and the perception could be that many of these companies are now “on sale” and could fuel this additional M&A discussion. read more

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Oil CEO Wages Immune to Price Slump as Shareholders Vote on Pay

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Article by Rakteem Katakey published 15 April 2015 by Bloomberg.com

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Ben van Beurden, Chief Executive Officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London on Jan. 29. Photographer: Chris Ratcliffe/Bloomberg

Oil’s plunge has forced the world’s biggest energy producers to lay off workers and stall projects. Their chief executive officers have so far proved immune.

Royal Dutch Shell Plc, Europe’s biggest oil company, paid CEO Ben Van Beurden a total of $32.2 million last year, almost three times the amount his predecessor Peter Voser earned in 2013, according to data compiled by Bloomberg Intelligence. At BP Plc, where shareholders will vote on compensation at the annual general meeting on Thursday, CEO Bob Dudley’s total pay rose 4.9 percent to $15.4 million. 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-Shell gas venture may have to adjust Groningen output after court ruling

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Screen Shot 2015-04-14 at 08.30.55Exxon-Shell gas venture may have to adjust Groningen output after court ruling

AMSTERDAM: Wed Apr 15, 2015 6:09am EDT

(Reuters) – Gas production joint venture NAM is studying the impact of a court ruling that halted production at a small part of the massive Groningen gas field because of safety concerns, the Dutch government said on Wednesday.

In a letter to parliament, Economic Affairs Minister Henk Kamp said that NAM may have to adjust production in other areas to compensate for the lost production near the town of Loppersum.

NAM (Nederlandse Aardolie Maatschappij) is a joint venture between Royal Dutch Shell and Exxon Mobil. 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 starts supplying natural gas to Ukraine

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Shell starts supplying natural gas to Ukraine

Ukraine will be receiving gas via Slovakia 

Royal Dutch Shell will start gas supplies to Ukraine via Slovakia in April 2015, according to Ukrainian media. 

The company plans to provide at least 120 to 130 million cubic meters this month at a cost of USD 253 per 1,000 cubic meters.

Ukraine is receiving gas from a number of European suppliers including Statoilgas (Norway), RWE Supply & Trading (Germany), GDF Suez, E.ON Global Commodities (Germany) and other traders.

As was reported earlier this week, Russia does not plan to extend its gas transit contract with Ukraine after the existing deal expires in 2019. Some 40 percent of Russian gas supplies to Europe go through Ukraine, while Moscow has been cutting on gas exports via the neighbouring country. 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

En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday

Screen Shot 2015-04-15 at 13.15.58Article by Chris McDaniel published 14 April2015 by Peninsula Daily News

En route to Seattle, controversial Arctic drill rig will stop in Port Angeles on Friday

PORT ANGELES — The Polar Pioneer — a huge semi-submersible offshore drilling rig that had been hounded of late in the Pacific by Greenpeace activists ­— is expected to arrive in Port Angeles Harbor on Friday.

The 400-foot-tall rig owned by Transocean Ltd., may remain in the harbor for at least two weeks while routine outfitting is conducted before it is towed to Seattle.

As of Tuesday, no protests had been organized by Greenpeace activists in or near Port Angeles, but that doesn’t mean they won’t happen. 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 TO ACQUIRE BG: IMPLICATIONS FOR THE NORTH SEA

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14 April 2015

Screen Shot 2015-04-08 at 08.12.04Shell announced an offer of a £47bn ($70bn) acquisition of BG in the second biggest oil and gas deal on record after Exxon and Mobil’s £51bn ($75.3bn) merger in 1998.  Shell and BG expect to make annual savings of £1.7bn ($2.5bn) and the combined company is estimated to be worth £180bn ($266bn). The transaction will create the largest independent LNG producer in the world forecast to produce nearly a fifth of global LNG supply in 2017-18. The other major prize for Shell is BG’s Brazilian oil portfolio of mean total reserves and resources amounting to 6 billion boe and gross production expected to peak at 2.6 million boepd. 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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