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Posts on ‘November 27th, 2015’

Thousands more jobs at risk as Shell counts cost of BG takeover

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Martin Waller warns of a chance that “The Shell board could rise up in protest against Mr van Beurden…”

Robin Pagnamenta Energy Editor: Saturday 28 November 2015: Page 65

Royal Dutch Shell is drawing up plans for more cost-cutting after its £43 billion takeover of BG Group, amid mounting pressure from shareholders to bolster the commercial logic of the deal amid falling oil prices.

The oil giant, which already has unveiled plans to slash $3.5 billion from the combined group, is understood to believe that it can wring still more in costs from the proposed merger, which is expected to be completed next year. 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.

Complications Grow For Shell-BG Deal

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Trefis Team, CONTRIBUTOR: NOV 27, 2015

…the Chinese authorities reviewing the proposed Royal Dutch Shell – BG Group merger are reportedly urging Royal Dutch Shell to dole out concessions on long-term liquefied natural gas supply contracts with the country.

After getting an all-clear from the Australian completion authority last week, Shell now needs clearance from China and Australia’s Foreign Investment Review Board for the deal to close as planned in early 2016.

SOURCE

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.

Ken Saro-Wiwa 20th Anniversary Commemoration

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Afri organised a protest at Shell HQ in Dublin on Nov. 10th to mark the 20th anniversary of the execution of the Ogoni 9. The execution of Ken Saro Wiwa and his colleagues was carried out by the Nigerian military dictatorship with the collusion of Shell. Shell’s disregard for human rights and the environment continues in Ogoniland and elsewhere throughout the world including Erris, Co. Mayo.

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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 Forced to Scale Back Ambitions

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Screen Shot 2015-11-20 at 08.55.47By James StaffordThu, 26 November 2015

As with most oil companies, 2015 has been a rough year for Royal Dutch Shell. The Anglo-Dutch company reported a third quarter loss of $6 billion, which included $7.9 billion in impairment charges.

During its third quarter earnings call, Shell’s CEO Ben van Beurden summed up the company’s strategy, emphasizing restraint. “Grow to simplify” is how he put it. What that means in practice is scrapping the Arctic campaign; pulling out of the expensive Carmon Creek oil sands project in Canada; shedding assets in the less desirable parts of North American shale; selling assets elsewhere around the world, including Nigeria; and focusing on its merger with BG, which is a big bet on LNG. 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.

Cosan chairman: No plans to part ways with Shell on Raízen venture

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Screen Shot 2015-11-20 at 08.55.47By Marcelo Teixeira:Thu Nov 26, 2015 6:47pm GMT

SAO PAULO Nov 26 (Reuters) – Brazilian energy and transportation group Cosan SA Industria e Comercio has no plans to part ways with Royal Dutch Shell on their Raízen joint venture, the world’s largest cane processor, Cosan Chairman Rubens Ometto said on Thursday.

Asked by Reuters to comment on a local newspaper report that Shell, the oil major, would exercise a contractual option to buy out Cosan’s stake in Raízen, Ometto said the story was completely unfounded. 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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