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Posts on ‘July 12th, 2016’

S&P cuts Shell rating on BG takeover

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12 July 2016

Shell’s credit rating has been cut by S&P because of its £35bn takeover of rival BG Group.

The rating agency said on Tuesday evening it would cut the international oil company from A+ to A.

S&P said in a statement:

The downgrade reflects our view that, despite management’s commitment to reduce debt after the $54 billion acquisition of BG Group, Shell’s credit metrics and discretionary cash flow will remain materially below levels commensurate with the previous ‘A+’ rating in 2016 and 2017, as we expect continuing low oil and gas prices.

Earlier this year, Fitch reduced its credit rating for Shell from AA to AA-. 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’s New Sensors Could Reduce Exploration Costs Dramatically

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By Irina Slav – Jul 12, 2016, 1:04 PM CDT

Searching for oil and gas is an activity with uncertain success—an activity with a bit less uncertainty were it not for 3D seismic surveying. And this uncertainty could be reduced even further, thanks to technological advancements that Shell is currently testing.

Seismic surveying is the first step in any oil and gas exploration project. It’s an expensive undertaking that requires scattering thousands of sensors on the ground and then analyzing the data they register about the subterranean rock makeup that may or may not include oil and gas-bearing formations. 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

Militants claim attack on Exxon as Shell shuts Nigerian pipeline

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Agence France-Presse : Jul 12, 2016 @ 12:05 PM

The Niger Delta Avengers (NDA) group said it had bombed an ExxonMobil facility in southern Nigeria just as Shell announced closure of a key oil pipeline, in the latest blow to output.

“At about 7:30 pm (1830 GMT) the Niger Delta Avengers blow up ExxonMobil Qua Iboe 48″ crude oil export pipeline,” the NDA, which has been blamed for a string of attacks on key oil and gas facilities since February, said in a statement late Monday. 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’s LNG Canada venture again delays export terminal decision

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Screen Shot 2016-06-15 at 15.59.39Shell’s LNG Canada venture again delays export terminal decision

(Reuters) – Royal Dutch Shell Plc RDSa.L and its LNG Canada partners have once again pushed back the timing of a decision on building a British Columbia liquefied natural gas export (LNG) terminal, the latest setback for the Canadian province’s energy ambitions.

LNG Canada, whose participants also include PetroChina Co Ltd 601857.SS, Mitsubishi Corporation 8058.T and Kogas, cited global industry challenges, including capital constraints, for requiring more time prior to making a final investment decision. 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-Led Group Delays Decision on Canada Gas Export Plan

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By Natalie Obiko Pearson and Rebecca Penty: July 11, 2016

LNG Canada cites industry challenges, capital constraints

Project says it can’t confirm when it plans final decision

Royal Dutch Shell Plc and its partners delayed for the second time this year a final investment decision on a terminal to export liquefied natural gas from Canada’s Pacific Coast to Asian markets.

LNG Canada, which is also backed by Mitsubishi Corp., PetroChina Co. and Korea Gas Corp., cited “global industry challenges, including capital constraints” in announcing the postponement in a statement on Monday.

“Participants have determined they need more time prior to taking a final investment decision,” the joint venture said. “At this time, we cannot confirm when this decision will be made.” 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 wins tender to sell Nigerian crude cargo to Argentina -traders

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Mon Jul 11, 2016

HOUSTON, July 11 (Reuters) – Anglo-Dutch oil company Royal Dutch Shell was awarded a tender last week to sell 1 million barrels of Nigeria’s Bonny Light crude to a group of refining firms in Argentina, traders said on Monday.

Firms buying the cargo include Oil Combustibles, Axion Energy, Petrobras Argentina and Shell. The crude must be delivered on August 1-10 and it will be processed at several domestic refineries.

It was not immediately possible to know the price agreed for the cargo. Shell has a policy not to comment on such commercial issues. 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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