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Posts on ‘April 17th, 2015’

Another sudden high level departure from Shell surrounded by intrigue

Screen Shot 2015-04-13 at 16.04.38By John Donovan

Another sudden high level departure from Royal Dutch Shell PLC surrounded by intrigue

Andrew Longden,  Executive VP of Treasury and Corporate Finance of Royal Dutch Shell Plc is departing the company in June, in unexplained circumstances. 

*In November 2003, Mr. Longden joined Shell as its Group Treasurer, with overall responsibility for treasury, risk management, M&A and pensions management for the Shell group worldwide. He was a Member of the working group that was responsible for devising and executing the merger of Shell Transport and Royal Dutch. He serves as a Director of Shell International Finance B.V. Mr. Longden serves as also a Trustee of the Shell UK Pension Scheme. 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 Said to Hire Barclays to Arrange $15 Billion BG Loan

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Article by Stephen Morris published 17 April 2015 by Bloomberg.com

Royal Dutch Shell Plc hired Barclays Plc to help arrange a 10 billion pound ($15 billion) loan to help fund its purchase of BG Group Plc, two people with knowledge of the matter said.

The short-term bridge facility will replace an existing 3 billion-pound loan provided by Bank of America Corp. on April 8, said the people, who asked not to be identified because the transaction is private. The loan will help fund the cash component of the purchase price, the people said.

Shell agreed last month to buy smaller competitor BG Group for $70 billion in cash and shares in the oil and gas industry’s biggest deal in at least a decade. The acquisition has been met with skepticism from shareholders who are concerned the price may be too high, could dilute earnings and relies on a quick rebound in crude to about $90 a barrel to ensure success. 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

Landmark Deal Curbs Flaring Pollution

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Top oil-producing nations and companies pledge to eliminate the waste of natural gas that also exacerbates global warming

April 17, 2015 |By Lisa Friedman and ClimateWire

Top oil-producing nations, including the Russian Federation, Kazakhstan and Angola, as well as Royal Dutch Shell PLC and other companies say they will stop flaring natural gas by 2030 as part of a landmark agreement with the World Bank.

The deal was unveiled this morning during the World Bank’s Spring Meetings, where leaders said the voluntary agreement will curb 40 percent of the global gas flaring that results in 300 million tons of carbon dioxide emissions annually.

“Gas flaring is a visual reminder that we are wastefully sending CO2 into the atmosphere,” said World Bank President Jim Yong Kim in a statement. “Together we can take concrete action to end flaring and to use this valuable natural resource to light the darkness for those without electricity.” 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

Giant oil rig arrives in Port Angeles as protesters gather on Ediz Hook

Screen Shot 2015-04-17 at 17.10.51By Chris McDaniel and Paul Gottlieb published 17 April 2015 by Peninsula Daily News

Giant oil rig arrives in Port Angeles as protesters gather on Ediz Hook

PORT ANGELES — A 400-foot-tall offshore oil rig that is expected to be the focus of nonviolent protests later this morning entered Port Angeles Harbor at 7:10 a.m. for a two-week stay.

The Polar Pioneer, being transported piggyback on the MV Blue Marlin, a semi-submersible heavy-lift ship, is expected to anchor in the harbor for routine outfitting before being floated on to Seattle.

Owned by Transocean Ltd., the drilling rig is being escorted by a variety of enforcement agency vessels including Coast Guard control boats and a Clallam County Sheriff’s Office patrol boat. 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

Total, BP say feel no M&A pressures after Shell deal

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Screen Shot 2015-04-17 at 17.07.09PARIS/LONDON | BY MICHEL ROSE AND DMITRY ZHDANNIKOV: Thursday 16 April 2015

(Reuters) – French oil major Total (TOTF.PA) and British rival BP (BP.L) are under no pressure to make acquisitions after the recent takeover of BG Group by Anglo-Dutch rival Shell (RDSa.L), they said on Thursday.

Royal Dutch Shell (RDSa.L) unveiled plans last week to buy BG Group (BG.L) in the first oil super-merger in more than a decade, seeking to extend its lead in gas production and close the gap with the world’s biggest oil major, U.S. ExxonMobil (XOM.N).

Speaking at a conference in Paris, Total’s chief executive said Shell’s acquisition “made sense” but that there were other ways to grow in a falling oil price environment. 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 plan is out: Company hopes for Chukchi drilling this year; BOEM says plan complete

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Screen Shot 2015-04-14 at 09.05.35By Alan Bailey of Petroleum News: Week of April 19, 2015

Shell plan is out: Company hopes for Chukchi drilling this year; BOEM says plan complete

The Bureau of Ocean Energy Management has deemed Shell’s Chukchi Sea exploration plan complete, has published the plan on the BOEM website and is inviting public comments on the document. Shell wants to resume its Chukchi Sea exploration drilling program during this summer’s Arctic open water season and has begun mobilizing its drilling fleet. However, the company will need a government approved plan before it can start drilling – a public comment period is part of the regulatory procedure that can lead to plan approval. 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

A Halt to Groningen Production Could Significantly Impact on Shell’s Remaining Reserves

Screen Shot 2015-04-14 at 08.30.55POSTING ON SHELL BLOG: 17 APRIL 2015

RELATES TO ARTICLE: Shell/Exxon Induced Earthquakes undermine Dutch Gov Revenues

According to figures published on this site, Shell replaced just 26% of the reserves that it produced in 2014. The Groningen field represents a significant fraction of Shell’s remaining reserves. If Groningen production is halted to reduce the risk of earthquakes, the impact on Shell’s remaining reserves will be significant.

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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