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Posts on ‘December 22nd, 2015’

Shell’s slick take on BG merger cannot hide a poor deal

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Major Shell, BG shareholder expresses support for $53 billion merger

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Deals | Tue Dec 22, 2015 12:09pm EST: LONDON

Top 10 Royal Dutch Shell RDsa.L and BG Group (BG.L) shareholder Aberdeen Asset Management (ADN.L) said on Tuesday it supported Shell’s proposed $53 billion acquisition of its smaller British rival.

“We’re supportive of the deal from a strategic perspective. It makes a lot of sense to put the two companies together,” Ben Ritchie, senior investment manager at Aberdeen Asset Management, told Reuters.

Shell said on Tuesday it planned to complete the proposed takeover by Feb. 15 if the deal is approved by both sets of shareholders at meetings due to be held at the end of January, and outlined plans for further spending cuts next year in the face of low oil prices. 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 plans to complete BG merger by Feb. 15, cuts spending plan

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LONDON | BY RON BOUSSO AND KAROLIN SCHAPS: Tue Dec 22, 2015 12:09 EST

Royal Dutch Shell (RDSa.L) said on Tuesday it planned to complete its proposed $53 billion takeover of BG Group (BG.L) by Feb. 15, outlining plans for further spending cuts next year in the face of low oil prices.

Shell also lowered the capital spending plan for next year for the combined group by $2 billion to $33 billion, saying it would bolster its ability to weather the industry’s downturn and to maintain dividend payments. 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 vows BG purchase will ‘reshape’ it

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Tuesday 22 Dec 2015

Royal Dutch Shell has vowed that its £35.6bn acquisition of rival BG Group will benefit the combined company in what may prove a “prolonged downturn” in the oil price.

Chad Holiday, the chairman of Shell, said:

This is an important moment for Shell. The Board is unanimous in its recommendation on this transaction. Our industry has entered what could be a prolonged oil price downturn. The Board is confident that the financials of the group will be further strengthened by this transaction. This should improve Shell’s ability to cover both dividends and investments. The result will be a more competitive and stronger company, for both sets of shareholders, in today’s volatile oil price world. 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

UK awash with oil as tankers forced to turn around

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Unseasonably warm winter weather has left the UK with its highest October stockpiles of oil for the past five years, according to Government figures

By John Ficenec, and Agency: 2:46PM GMT 22 Dec 2015

Record high temperatures in December have left the UK with the highest stocks of oil for five years as Europe-bound fuel tankers are forced into mid-Atlantic U-turns.

An unseasonably balmy period means the UK is on track for the warmest December in more than 100 years, and stocks of oil and gas are piling up as households turn down the heating.

Oil stocks in the UK have risen to almost 15m tonnes, which is 9pc above the same stage last year, according to the latest figures released by the Department for Energy and Climate Change. 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 calls for stronger regulation to avoid Middle East oil price distortion

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Screen Shot 2015-11-20 at 08.55.47Anthony McAuleyDecember 22, 2015

Royal Dutch Shell is lobbying to reform regional oil trading after a series of price squeezes, particularly by Chinese state oil firms.

In a highly unusual move, Royal Dutch Shell has called for greater regulation of the market to improve transparency and avoid price distortion.

Now, Shell is following up its public call with behind-the-scenes efforts to gather support for change, particularly from the regional state oil firms.

“There need to be safeguards to prevent the risk of distortion, and to ensure the Dubai benchmark price mirrors true market supply and demand fundamentals,” a Shell spokesman said. “Due to some of the unique characteristics of the Dubai market, it is susceptible to and can be heavily influenced by a market participant amassing a large portion of the available three crudes deliverable in that month.” 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

$70 billion deal between Royal Dutch Shell plc and BG Group plc may be in danger

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Royal Dutch Shell-BG Group Deal: Succumbed to Pressures?

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According to various market participants, the merger does not make sense at low oil prices and so they are urging Shell to pay a termination-fee of $750 million to BG Group and walk out of the deal.

By Mushhood Khan on Dec 22, 2015

Royal Dutch Shell plc (ADR) (NYSE:RDS.A) has just entered the last stage of closing one of the biggest energy deals this year. Yesterday, the oil giant announced that BG Group would file a request for approval in the High Court, following the consent by China’s Ministry of Commerce (MOFCOM) coupled with the unanimous decision of the boards of directors. Subsequently, the energy companies will publish scheme documents for their shareholders and set up a shareholders’ meeting. The companies are expected to release documents today. 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

Oil price falls to 11-year low with global glut expected to deepen in 2016

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Screen Shot 2015-12-22 at 09.00.18Larry ElliottTuesday 22 December 2015 

The investment bank Goldman Sachs has said that it could take a drop to as little as $20 a barrel for supply to adjust to demand.

However, Shell said on Monday that it is pressing ahead with its $60bn takeover of BG Group despite doubts among some shareholders about the deal’s viability given the falling oil price.

FULL ARTICLE

RELATED: Oil producers prepare for prices to halve to $20 a barrel

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’s £40bn takeover of BG Group edges closer despite tumbling oil price and shareholder discontent

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By CITY & FINANCE REPORTER FOR THE DAILY MAILPUBLISHED: 21:55, 21 December 2015

Tumbling oil prices and shareholder discontent have not prevented Royal Dutch Shell’s £40billion takeover of BG Group entering the final stages.

The deal could complete in February after BG applied to the High Court to hold the shareholder meetings to vote on it in the new year.

The tie-up has been unpopular with some investors and experts who argue it does not make sense when the oil price is so low. 

The price of Brent crude plummeted to an 11-year low yesterday as excess supply continued to flood the market. 

Oil production is running close to record highs and Brent futures fell by as much as 2 per cent to a low of just above $36 a barrel, their weakest since July 2004. 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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