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Posts on ‘December 16th, 2015’

Is it worth it for Shell and BG to do a deal?

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Fiona Walsh: 16 Dec 2015

When Royal Dutch Shell launched its blockbuster £47 billion (€65 billion) bid for BG, oil was changing hands on energy markets at about $60 a barrel and the price was forecast to rise to $70.

Nine months later benchmark Brent crude has slid to a seven-year low below $40 a barrel. So the value of Shell’s shares and cash offer for BG has been cut from £47 billion in April to £35 billion. So do the economics of a deal that would have created a business valued at more than £200 billion still add up? 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

Again, Shell Faces Dutch Court over Niger Delta Oil Damage

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Screen Shot 2015-11-20 at 08.55.4716 Dec 2015

Amnesty International has said Shell could be exposed to a raft of compensation claims and be forced to disclose previously withheld internal documents over its failure to stop and clean up decades of oil pollution in a test case before the Dutch Court of Appeal on Friday.

According to a statement by the international human rights watchdog, the case is the latest attempt by Niger Delta communities to hold Shell to account, with the support of international non-governmental organisations (NGOs) including Amnesty International. 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

Shell faces Dutch court for Niger Delta oil damage

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15 December 2015

The oil giant Shell could be exposed to a raft of compensation claims and be forced to disclose previously withheld internal documents over its failure to stop and clean up decades of oil pollution in a test case before the Dutch Court of Appeal on Friday.

The case is the latest attempt by Niger Delta communities to hold Shell to account, with the support of international NGOs including Amnesty International.

On Friday, the Dutch Court of Appeal is expected to rule on whether Shell Nigeria can be held liable in the Netherlands for its negligence in Nigeria and also decide on whether to allow the plaintiffs access to documents withheld by Shell. The case has been brought by Friends of the Earth on behalf of four farmers in the Niger Delta. 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

Shell to Expand CNOOC Petrochemical Venture in Southern China

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Screen Shot 2015-11-20 at 08.55.47By Bloomberg News: December 15, 2015

Royal Dutch Shell Plc. is expanding its petrochemical venture in southern China with China National Offshore Oil Corp.

The two companies signed an agreement Tuesday to double the capacity of their equally held ethylene-cracking facility in Guangdong province to 2 million metric tons a year and add other chemicals units, Shell said in an e-mailed statement. The new facilities are expected to start operation in two years, it said, without providing a figure on the cost of the expansion. 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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