Feb 20th, 2016
by John Donovan.

By John Donovan
A gas flaring event is the burning off of flammable gas released by pressure relief valves as a protection and safety measure during unplanned over-pressuring of plant equipment.
The attached authentic Shell document lists over 260 gas flaring events that have already taken place at the new Bellanaboy Bridge Gas Terminal.
It is noticeable that the unplanned events appear to be increasing, rather than declining e.g. 58 gas flaring events were recorded in just 9 days in January 2016. read more
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Feb 20th, 2016
by John Donovan.

Extracts from an article by Nigel Kelly: 19 FEB 2016
Summary
RDS acquired BG Group on February 15, 2016.
The BG shares have been delisted.
RDS/BG now yields over 7.5%.
$60B is required Annually to cover Capex, Debt, Dividend and other Cash Commitments.
Its Cashflow from Operations is only $30B.
Background
Royal Dutch Shell completed its acquisition of BG Group on Feb 15th 2016. The full year 2015 results for both companies have been released in recent weeks. I wanted to review the full years earnings reports and assess the dividend safety for the combined entity. read more
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Feb 20th, 2016
by John Donovan.

By RUPERT STEINER FOR THE DAILY MAIL: 19 February 2016
Royal Dutch Shell has seen its credit rating slashed following its £36billion takeover of gas giant BG Group.
The credit score of the FTSE 100 oil company – a barometer of its financial strength – was lowered by Fitch from AA to AA-.
Ratings agency Fitch said its outlook on Shell was ‘negative’ in a sign a further cut could follow.
Shell used some of its cash reserves to fund the takeover of BG. Following the completion of the mega-deal on Monday, Shell plans to sell £20billion of assets in the next three years.
However, Fitch warned it downgraded its view on the company because Shell (down 26.5p to 1560.5p) had ‘materially missed the targeted level’ of sell-offs so far. read more
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