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Posts on ‘December 4th, 2016’

Shell’s Woodside stake sale on cards as oil prices rally

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BRIDGET CARTERMergers & Acquisitions Editor Sydney: December 5, 2016

Following Archer Daniels Midland’s sale of its GrainCorp stake on Friday, the next big block trade to watch out for is a $3 billion-odd sale by Shell out of Woodside Petroleum.

Shell has an interest of close to 14 per cent in the business, and the oil price rally last week that triggered a run on Woodside’s shares has many watching the situation.

In 2014, Shell sold a 19 per cent interest in Woodside for $41.35 per share through Citi and Goldman Sachs, and four years earlier, it offloaded a 10 per cent stake at $42.23 in a deal underwritten by UBS. read more

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Shell launches investigation after North Sea exploration well triggers alarm

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Written by Rita Brown – 04/12/2016 3:54 pm

Shell has launched an investigation after it was forced to shut down and evacuate personnel from its Shearwater platform in the North Sea.

The oil major was drilling, what was thought to an exploration well, when the activity triggered an alarm.

Shell decided to evacuate all non-essential personnel and shut down operations.

A spokeswoman said: “Shell UK can confirm that production on our Shearwater platform was shut down on the evening of Friday 2nd December as a precaution due to an alarm being triggered during work on a new well. There has been no loss of containment. The coastguard and regulator were informed and the situation is being closely monitored. A precautionary downman took place on Saturday returning 62 non-essential personnel safely to Aberdeen. The platform remains shutdown in the meantime.” 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

Kashagan oil field allegations ignored by Shell exec Andy Brown?

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By John Donovan

Printed below are extracts from a communication received from a Shell Civil Engineer who, until recently, worked on the construction of the ill-fated Kashagan oil field.

He says his dire warnings in regard to construction issues were escalated to Shell top management, including Andy Brown, but were ignored.

He has also raised the subject of Shell depriving sacked workers tax breaks on redundancy pay. A policy he describes as theft.

The same source supplied related, apparently authentic, Shell emails. 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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