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Posts on ‘May 6th, 2015’

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One is seen as a sprawling behemoth, the other a nimble buccaneer. For fans of a “small is beautiful” approach to oil and gas exploration, there appears little to love in Royal Dutch Shell’s proposed £55bn takeover of BG Group.

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Shell Chief Visits China to Win Backing for $70 Billion BG Deal

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Screen Shot 2015-05-07 at 07.59.01Article by Rakteem Katakey published 6 May 2015 by Bloomberg.com

The biggest obstacle to Royal Dutch Shell Plc’s $70 billion offer for BG Group Plc probably lies in China.

Shell Chief Executive Officer Ben Van Beurden visits the country this week to convince officials that the combination of two large oil and gas producers poses little risk for the world’s biggest energy importer.

He’s not certain to succeed given the clout the enlarged company will have in the global market for liquefied natural gas, according to Gordon Kwan, Hong Kong-based head of regional oil and gas research at Nomura International. 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.

Shareholder rebels give BG Group a shock over boss Helge Lund’s £31m pay deal

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Shareholder rebels give BG Group a shock over boss Helge Lund’s £31m pay deal

By LAURA CHESTERS FOR THE DAILY MAIL

PUBLISHED: 00:20, 6 May 2015 | UPDATED: 00:20, 6 May 2015

BG Group faced a rebellion against boss Helge Lund’s massive pay deal after nearly one in five shareholders at the oil and gas giant’s annual meeting refused to back its remuneration report.

Chief executive Lund, who joined the company on February 9 from Norway’s oil giant Statoil, could be in line for a pay and perks package of £25-£31million if he meets every condition of his bonuses and long term share awards.

The group’s AGM, held at Reading’s Hilton Hotel yesterday, also revealed more than 15 per cent did not back the re-election of Sir John Hood as chairman of its remuneration committee. 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.

Seattle ruling won’t derail Shell’s Arctic quest, executive vows

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Screen Shot 2015-05-01 at 17.04.22Seattle ruling won’t derail Shell’s Arctic quest, executive vows

Posted on May 5, 2015 | By Jennifer A. Dlouhy

HOUSTON — A ruling by the city of Seattle may throw a wrench into Shell’s Arctic drilling plans, but it won’t delay the company’s plans to bore two new wells in the Chukchi Sea this summer, a top executive vowed Tuesday.

Although “it’s not my preferred approach . . . we have backup plans,” said Ann Pickard, Royal Dutch Shell’s executive vice president for the Arctic. “I don’t think this will delay the program.”

At issue is Seattle Mayor Ed Murray’s ruling this week that the city port must obtain a new land-use permit to serve as a home base for Shell’s Arctic drilling rigs and support vessels. Seattle’s Department of Planning and Development concluded that Shell’s plans to moor its ships at the port’s Terminal 5 — before sending them north to Alaska — fall outside the scope of the existing permit and underlying environmental analysis authorizing the site to function as a cargo terminal. 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’s Arctic oil setback – unlawful use of Seattle Port

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Screen Shot 2015-05-06 at 08.21.50The Port of Seattle is violating its shoreline permit in allowing Shell to set up a ‘home port’ for its Arctic oil drilling fleet, according to Seattle officials. The finding could nix Shell’s oil drilling plans for the 2015 season.

By Oliver Tickell: 5 May 2015

Shell’s plans to drill for oil in the Arctic Ocean received what may prove a fatal blow yesterday when the City of Seattle issued its finding that the oil company’s use of the Port of Seattle violated planning laws.

Seattle’s Mayor Ed Murray announced that an investigation carried out by city’s Department of Planning and Development’s showed that the 20-year old shoreline permit for the Port’s Terminal 5 did not allow its use for as homeport for Shell’s Arctic drilling fleet. 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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