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Posts on ‘July 24th, 2015’

Brazil clears $70 bln BG-Shell merger, BG says

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Markets | Fri Jul 24, 2015 5:53pm EDT

BG Group Plc on Friday confirmed that it has received final unconditional clearance from Brazilian competition authority CADE for its acquisition by bigger rival Royal Dutch Shell.

The clearance of the $70 billion merger follows the 15-day period during which the preliminary approval granted by CADE on 8th July could have been appealed.

Shell is set to become the largest Brazilian offshore foreign operator after it completes the merger with BG, which it announced in April. 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-BG merger approved by Brazil

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THE HAGUE, July 24, 2015 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Royal Dutch Shell plc (“Shell”) (NYSE: RDS.A) (NYSE: RDS.B) today announced that its recommended combination with BG Group plc (“BG”) has received unconditional merger clearance from the Brazilian competition authority (CADE), satisfying the first of the pre-conditions to the combination. Other pre-conditions include merger clearances in Australia, China and Europe. 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.

Arctic drilling: Obama gives Shell the go-ahead despite 75% chance of major oil spills

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ALICE HARROLD: THE INDEPENDENT: Friday 24 July 2015

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The Obama administration has granted permission to Royal Dutch Shell to drill for oil in the Chukchi Sea, off the northwest coast of Alaska.

The company was given the final approval for its application to drill in the Arctic on Wednesday in what was a major loss for green activists who have fought the drilling plans.

Shell has been granted permission start drilling exploratory wells about 140m off the coast of Alaska – one of the best prospective offshore areas in the world. 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 Positioning For Better Russia And Iran Relations Is Part Of Its Global Gas Strategy

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Screen Shot 2015-06-18 at 22.09.48Zoltan Ban: 23 July 2015

Summary

  • Shell has been showing long-term interest in moving more towards natural gas for a while, with natural gas production surpassing its oil production in 2013.
  • Aside from its major acquisition of BG group, it is forming an alliance with Gazprom and is looking to be among the first in Iran.
  • The overall big picture suggests that Shell is giving up on North American shale gas and focusing on being a major player in conventional gas and LNG.

Before Royal Dutch Shell (RDS.A, RDS.B) acquired BG Group, it was already a major player in the gas industry. Its upstream production has been more than half natural gas since 2013 already. It is constantly looking to expand its downstream presence, with plans such as the ethylene plant it wants to build in Pennsylvania, in order to take advantage of the cheap gas in the North-Eastern part of the United States. It also has a gas to liquids plant in Qatar, which is the world’s biggest. It should be no surprise then to see Shell actively involved in setting up a tighter partnership with both Russia and Iran. 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.

Green Activists Outraged At U.S. Approval Of Shell Arctic Drilling

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Screen Shot 2015-06-30 at 21.06.27By Andy Tully23 July 2015

Environmental activists are furious that the Obama administration is allowing Royal Dutch Shell to begin its much-debated drilling in the Arctic Ocean this summer, even with one remaining condition.

Two permits were issued July 22 by the Interior Department’s Bureau of Safety and Environmental Enforcement, but with the provision that Shell can drill only one well at a time and that it can’t drill deep enough to reach oil deposits, an estimated 8,000 feet beneath the ocean floor. 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.

A Bad Call on Shell

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Screen Shot 2015-05-19 at 18.39.24Michael BruneExecutive Director, The Sierra Club: 23 July 2015

The Obama administration inched a little closer to disaster yesterday when it issued almost-but-not-quite final approval to Royal Dutch Shell to drill in the Chukchi Sea this summer. Because Shell’s capping stack (a critical piece of emergency response equipment) is currently on its way to Portland, Oregon, aboard a damaged icebreaker that requires repairs, the oil company is allowed to drill only part way into the seafloor — stopping short of where the oil is. If and when the capping stack gets to the proposed drilling site, Shell could then reapply for permission to resume drilling the rest of the way. 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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