Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘January 29th, 2016’

What goes down

Screen Shot 2016-01-29 at 15.55.24

Screen Shot 2016-01-29 at 16.15.25

By Ed Crooks: January 29, 2016

The week has been a reminder that oil prices can go up as well as down. By Thursday night, Brent crude was 25 per cent higher than its low point eight days earlier. At a little under $34 per barrel, though, oil is still at a level that makes the great majority of US shale developments uneconomic. As I wrote in the FT on Saturday, it is pointing towards a radical shake-out in the shale industry.

Concerns about the huge financial strain that $30 crude imposes on oil producers and oilfield services companies has driven the value of junk-rated US energy debt down to its lowest level for more than two decades, at an average of just 56 cents on the dollar.  Markets have also become increasingly concerned about the domino effect from weak oil prices hitting other sectors, such as manufacturing. On balance, however, David Sheppard and Neil Hume argued in the FT, cheap oil is still better for the world economy than expensive oil. 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

9 Billion Barrels Of Crude At Risk In Massive Nigerian Oil Shakeup

Screen Shot 2016-01-29 at 15.47.29

…not only could Shell and Eni lose the block, but they could also face billions of dollars in fines for allegedly bribing corrupt public officials and private citizens.

By Julianne Geiger: Jan. 29, 2016

Supermajors Royal Dutch Shell (RDS.A, RDS.B) and Italian Eni (NYSE:E) could be facing the loss of one of the biggest offshore oil exploration blocks in Nigeria, putting an estimated 9 billion barrels of crude oil at risk.

As the new Nigerian government launches a rampaging anticorruption campaign, local media are reporting government recommendations to reclaim block OPL 245 from oil giants Shell and Eni.

Nigerian Justice Minister and Attorney General Abubakar Malami is behind the recommendation, and is a key figure advising the government on the case. 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

Final approval for Shell mega-merger as BG Group shareholders vote in favour of the £36bn deal

Screen Shot 2016-01-29 at 08.01.06

By LAURA CHESTERS FOR THE DAILY MAIL: 29 JAN 2016

One of the largest takeovers in history finally got the go-ahead yesterday after BG Group shareholders followed those at Royal Dutch Shell in approving the £36billion deal.

At a meeting in London, 99.53 per cent of BG shareholders voted in favour, a day after 83 per cent of Shell investors approved the deal that was first announced last April.

Shell chief executive Ben van Beurden said: ‘BG adds attractive deep water and integrated gas positions and will act as a catalyst for accelerating the reshaping of our business.  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
%d bloggers like this: