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Posts on ‘October 31st, 2015’

Shell’s £43bn gamble of a deal for BG is sliding out of reach

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Screen Shot 2015-10-31 at 16.01.23The big question facing Mr van Beurden, is whether he can pull off such an ambitious move. If not, his time at the helm will be shortlived.

By Ben Marlow: 31 Oct 2015

Ben van Beurden must be sick of answering the same question but unless there is an unlikely sudden surge in the oil price – and therefore the fortunes of the world’s energy giants –the boss of Shell is likely to be quizzed on the same issue many more times in the coming months.

What people want to know is, will the UK oil major press ahead with its mammoth £43bn takeover bid for BG Group despite the dramatic slump in the oil price?

• BG Group profits drop as it nears merger with Shell

The fall from highs of more than $100 a barrel in mid-2014 to as low as $43 has unleashed havoc across the energy industry, forcing the majors to rein in costs at lightning speed as they desperately try to prop up profits and keep paying dividends to investors. read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

New Report Blames Shell, Exposes Failure to Clean Niger-Delta Oil Spills

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Screen Shot 2015-09-17 at 07.55.40By Senator Iroegbu: 29 October 2015

The Amnesty International (AI) and the Centre for Environment, Human Rights and Development (CEHRD) will launch a new report exposing what it described as Shell’s blatantly false statements about its efforts to clean up oil spills in the Niger Delta next week.

The Press Officer, AI Nigeria, Mr. Eulette Ewart, said in a statement on Thursday, that despite promising to act on a 2011 United Nations Environmental Programme report exposing shocking levels of pollution caused by oil spills, ‘Clean it up: Shell’s failure to tackle oil spills in Nigeria’ documents that Shell has either not cleaned up or has done it so badly that oil still pollutes the land. read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.
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