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Posts on ‘May 5th, 2015’

BG chief welcomes $70 billion Shell offer with ‘mixed emotions’

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Ben van Beurden, CEO of Royal Dutch Shell, left, shakes hands with the Chairman of BG group Andrew Gould during the press conference announcing Royal Dutch Shell had agreed to buy British Gas for $70 Billion. 

BG chief welcomes $70 billion Shell offer with ‘mixed emotions’

Tuesday May 5, 2015 

(Reuters) – BG (BG.L) Chief Executive Helge Lund on Tuesday welcomed with “mixed emotions” Royal Dutch Shell’s (RDSa.L) $70 billion takeover bid, which came only two months after he took office.

Speaking at BG’s annual general meeting in Reading, England, the former Statoil (STL.OL) boss said there is still much to do before the transaction can complete but that Shell’s bid, at a 50 percent premium to BG’s share price on April 7, maximizes BG’s value while removing potential risks. read more

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Seattle mayor snubs Shell’s Arctic oil-drilling fleet

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Screen Shot 2015-03-02 at 19.49.45Seattle mayor snubs Shell’s Arctic oil-drilling fleet: 5 May 2015

Local officials are trying to stop Shell’s Arctic oil-drilling fleet from docking at Seattle’s harbor for the summer, saying that current arrangements go against the port terminal’s land-use permit. Shell has multiple ships and oil rigs en route.

Seattle Mayor Ed Murray said the current contract between the Port of Seattle and a company representing Royal Dutch Shell PLC violates the land-use permit for the port’s Terminal 5, and that the Port would have to apply for a new permit.

After reviewing the 20-year-old permit for the operation of the cargo terminal, [Seattle’s Department of Planning and Development] has found and I concur that the long-term moorage and maintenance of Arctic drilling equipment falls outside the current permit,” the mayor said Monday morning at a fundraising breakfast for Climate Solutions, a self-described “clean-energy economy” nonprofit. 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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