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Posts on ‘December 21st, 2017’

Oil giant Shell to buy ‘big six’ energy rival First Utility

Jillian Ambrose 

Oil giant Shell will soon begin supplying lighting and heat to British homes through a major deal to buy the biggest energy supply rival to the ‘big six’ utilities.

Shell’s European arm will snap up First Utility for an undisclosed sum, giving the oil major a route into the domestic energy supply market in the UK and Germany, as it begins to shift towards clean electricity and electric vehicles.

The landmark deal emerged after a four-year relationship between the supplier and Shell, through which the Anglo-Dutch oil company provides all of First Utility’s wholesale gas and power. At the same time First Utility trades under the Shell brand in Germany. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell enters UK household energy market

21 Dec2017

Shell has agreed to buy the energy supplier First Utility, giving the oil giant its first foothold in the UK’s household energy market.

First Utility is the biggest energy supplier in the UK outside the so-called “big six”.

The company supplies 825,000 homes with gas, electricity or broadband.

Shell is already active in the wholesale energy market, but this is the first time it will supply UK homes directly.

The price of the deal – which is subject to regulatory approval – has not been revealed. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell buys UK independent energy supplier First Utility

 21 December 2017

Royal Dutch Shell will take on British Gas and the other “big six” household energy suppliers in the UK after striking a deal to buy First Utility, one of the largest so-called independent suppliers of electricity and gas to British homes.  FULL FT ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Eni Acquires Shell Stake in Australian Gas Field

By Marc Bisbal Arias Dow Jones Newswires

Eni SpA (ENI.MI) said Thursday that it has acquired the 32.5% stake in an Australian gas field owned by Royal Dutch Shell PLC (RDSA.LN)’s subsidiary Shell Australia Proprietary Ltd.

Terms of the deal were not disclosed.

The Evans Shoal field is located around 300 kilometers northwest of Darwin, where the Darwin liquefied natural gas plant is operating. The field is estimated to have at least 8 trillion cubic feet of raw gas in place, Eni said. The acquisition doubles Eni’s stake in the field to 65%.

The Italian company also said that it has become the operator of the retention lease NT/RL7 located in the north Bonaparte Basin, offshore Northern Australia. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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