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Posts on ‘January 21st, 2016’

Shell-BG merger gains support ahead of vote

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Shell’s business gamble, supported by oil prices at near record highs, is on the brink of paying off Photo: Newscast

By Jillian Ambrose: 21 Jan 2016

Key investment funds have voiced growing support for the planned £47bn merger of energy giants Shell and BG Group ahead of crucial shareholder votes next week.

Shell’s fifth biggest investor, Norges Bank Investment Management, said on Wednesday that it will vote in favour of the plan at the shareholder meeting on January 27.

The $790bn fund joins a growing group of shareholders in support of the deal, including smaller investment funds and investment advisory firms. 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

Who’s afraid of cheap oil?

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The world is drowning in oil.

Jan 23rd 2016 | From the print edition

ALONG with bank runs and market crashes, oil shocks have rare power to set monsters loose. Starting with the Arab oil embargo of 1973, people have learnt that sudden surges in the price of oil cause economic havoc. Conversely, when the price slumps because of a glut, as in 1986, it has done the world a power of good. The rule of thumb is that a 10% fall in oil prices boosts growth by 0.1-0.5 percentage points.

In the past 18 months the price has fallen by 75%, from $110 a barrel to below $27. Yet this time the benefits are less certain. Although consumers have gained, producers are suffering grievously. The effects are spilling into financial markets, and could yet depress consumer confidence. Perhaps the benefits of such ultra-cheap oil still outweigh the costs, but markets have fallen so far so fast that even this is no longer clear. 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

Fund houses poised to greenlight Shell/ BG takeover

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A raft of fund houses have revealed their hand and come out in favour of the deal, defying critics who argue that the fall in the oil price has made it unworkable for Shell. Kames is understood to be backing the deal with its Shell and BG shares and is understood to be encouraging all its fund managers to vote in line with the house view – contrary to some fund houses which allow the managers of listed trusts to back their clients in company votes rather than toeing the party line.

Rathbone chief investment officer Julian Chillingworth said the fund house would be voting for the deal on behalf of both Shell and BG despite the recent oil price slide. He said: “Our house view is that on balance this deal is good for Shell in the medium term and that it should go ahead,” adding “these assets do not come around too often”. 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 reveals that profits have nearly halved but receives major backing for its deal with BG Group

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Screen Shot 2016-01-21 at 11.26.34By LAURA CHESTERS FOR THE DAILY MAIL: 21 JAN 2016

Royal Dutch Shell revealed quarterly profits had nearly halved yesterday but received major backing for its deal with BG Group.

Shell said its fourth-quarter profit will be down by around 40 per cent to between £1.1bn and £1.3bn and its full- year earnings could drop to as low as £7.3bn for 2015 – well below the near £16bn it reported in 2014.

As markets plunged across the globe Shell’s shares plummeted 5.5 per cent or 74.5p to 1294.95p yesterday and BG’s fell nearly 3 per cent or 42.3p to 897p. Despite the chaos and the collapse in the oil price, Shell’s chief executive Ben van Beurden is proceeding with the proposed takeover. 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

Pink Slips at Shell Oil

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Shell Oil must cut all Contractors from WIPRO, ACCENTURE AND IBM since these contractors are all under performers and these Wipro, Accenture and IBM Contractors are not having relevant experience but they bring all freshers/ Zero experienced people to work on IT projects and claim huge hourly rate that is equal to be paid for highly experienced people.

These WIPRO, ACCENTURE AND IBM companies including its PMO staff must be fired immediately to save future investments on business improvements.

The work/task that can be completed in one day will be completed in 10 days by these Contractors since they get paid for all these days and Looks like Shell Oil is paying for under performed employees that needs to be paid for highly performed employees. 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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