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Posts on ‘March 9th, 2016’

Shell Seen as Best Oil Major Wager by Analysts After BG Deal

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Screen Shot 2016-02-17 at 08.47.47By Rakteem Katakey: Bloomberg.comMarch 9, 2016

Ben Van Beurden staked his reputation on Royal Dutch Shell Plc’s $53 billion acquisition of BG Group Plc as crude slumped. Analysts are rewarding the chief executive officer by putting the enlarged company in pole position to exploit a market upturn. 

Shell’s shares will rise about 12.2 percent in the next 12 months, the most among the world’s six biggest non-state oil companies, according to the target prices of analysts compiled by Bloomberg. More than 65 percent of analysts who cover Europe’s largest oil producer recommend buying the stock, the highest share among its peers. 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

Nigerian FG splits NNPC into seven units, appoints heads

Screen Shot 2016-03-09 at 10.00.179 March 2016

President Muhammadu Buhari on Tuesday approved the immediate unbundling of the Nigerian National Petroleum Corporation, NNPC, into seven independent operational units.

The Minister of State for Petroleum Resources, Ibe Kachikwu, announced the split of the state-owned oil company in Abuja, Nigeria’s capital on Tuesday.

The new units are Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services and Finance & Accounts.

With the announcement of this new policy road map, the realigned NNPC comprises of five business-focused and two service driven units. 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

Bombed pipeline to halt Nigeria’s crude oil output until May

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By Maggie Fick in Lagos and Anjli Raval in London

The damage caused by an attack on an underwater pipeline is set to halt flows of Nigeria’s Forcados crude oil to one of the country’s biggest export terminals until May.

Shell Petroleum Development Corporation , a Royal Dutch Shell subsidiary which operates the pipeline, declared force majeure on February 21, a week after the pipeline was hit by an explosion, causing a leak that forced it to halt loadings to the Forcados export terminal.

Repairs to the pipeline could take until May, Emmanuel Ibe Kachikwu, minister of state for petroleum and the head of Nigeria’s oil company, said in Abuja on Tuesday.

The bombing of the pipeline was the most sophisticated attack on Nigeria’s oil-producing Delta in years and raised fears that such sabotage could once again cripple output in Africa’s top oil producer.

“I have been assured by Shell that in six to eight weeks, we will be back,” said Mr Kachikwu. 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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