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Posts on ‘February 12th, 2016’

It’s goodbye to BG group: Gas giant shuts its doors and ceases to exist after Shell takeover

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It was the end of an era for staff at Thames Valley Park HQ in Reading yesterday as gas giant BG Group ceased to exist

By Monday, BG will be part of Anglo-Dutch giant Royal Dutch Shell after a £35billion takeover.

The new group is now the world’s biggest trader of liquefied natural gas.

BG Group came into being in 1997 when it was demerged from British Gas.

BG employed 5,000 people from 70 countries. 

During its existence it said that its geologists and geophysicists had helped find 17 giant hydrocarbon discoveries – each with recoverable resources of more than 500million barrels of oil equivalent or 3 trillion cubic feet of gas. read more

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Royal Dutch Shell – BG Group Merger Almost Complete

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By Muhammad Ali Khawar on Feb 12, 2016 at 1:58 pm EST

The biggest energy deal of 2015, between Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) and BG Group, is just three days away from its closing. On Monday, the two European energy giants will merge to form one of the biggest companies in the global oil and gas industry.

Today is the last trading day for BG Group on the London Stock Exchange. The company would be delisted from the Stock Exchange, effective February 15.

Though $70 billion may seem a lot to many people in the low oil environment, Bidness Etc believes the benefits of the merger are likely to outweigh its costs in the long-run. 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 sues Aris T for damages, alleges negligence

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Hoang TranThe Louisiana Record: Feb. 12, 2016

NEW ORLEANS – The owners of the vessel Aris T are facing a lawsuit against the vessel over a Jan. 31 incident.

Shell Chemical LP filed a lawsuit on Feb. 5 in the U.S. District Court for the Eastern District Court of Louisiana against the Aris T, Marmaras Navigation LTD, Aris T. Ene and XYZ crew employer, claiming negligent acts.

Shell claims that on the night of Jan. 31, the Aris T vessel allided itself against Norco facilities, a property owned by Shell. Aris T was allegedly traveling down the Lower Mississippi around the area of mile marker 125 when it went off course and collided with Shell’s facility. 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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