For Exxon and Shell the age of the ultra-major comes at wrong time
The $64 billion tie-up of Shell with BG Group and the steady growth of Exxon Mobil re creating a new league of two: the ultramajors.
Shell
Shell agrees deepwater Bulgarian oil and gas exploration deal
Shell has agreed a deal with the Bulgarian government to explore for oil and gas in an offshore block in the Black Sea in a bid to end its almost total dependence on Russian natural gas.
Cheniere lines up first tanker export of US LNG
A LNG tanker docked at the Sabine Pass terminal in Louisiana only days before the United States ships its first export cargo of seaborne gas from the lower 48 states.
Cape lands pipe insulation deal for Prelude FLNG
Cape has secured a contract with Samsung Heavy Industries in South Korea for the installation of insulation to the Cryogenic Pipework on the Process Topside on Shell’s Prelude FLNG facility.
Tenders being sought for Shell’s corrib pipeline
The Irish Government is said to be seeking tenders to monitor the Corrib gas pipeline on behalf of its Department on Energy.
Shell launches investigation into Nigerian oil spill
Oil major Shell has launched an investigation into the source of a crude oil spill observed around water at the Forcados Terminal in Nigeria.
Shell leapfrogs Total as UK’s biggest producer after BG merger
Shell leapfrogged Total to become the UK’s biggest net oil and gas producer after completing its £36million takeover of BG Group. The “mega-merger” was approved by shareholders from both companies last month and went through yesterday. It creates a firm with a net output of 200,000 barrels of oil equivalent (boe) per day in the UK alone.
Shell expects oil and gas output in Brazil to quadruple by 2020
Oil major Shell expects oil and gas output in Brazil’s offshore industry to quadruple by 2020.
Shell BG deal will ‘shape more competitive company’
Royal Dutch Shell has hailed its 52.6 billion US dollar (£36.4 billion) takeover of BG Group as a step towards becoming a “simpler, leaner, more competitive company”. The mega-deal - creating the biggest trader of liquefied natural gas - came into force on Monday after shareholders waved through the tie-up at the end of January.
Shell completes BG takeover
Shell has completed its $68.2billion merger with BG Group which will now be delisted from the London Stock Exchange.
BG Group, gas-shipping pioneer, trades final time before merger
BG Group Plc, pioneer of natural-gas shipping, will trade on stock exchanges for the last time on Friday, 19 years after it was created.
Shell cancels £10bn credit facility for BG merger
Shell today confirmed it had cancelled its £10,070,000,000 bridge credit facility.
Shell sells stake in North Sea field
Shell has sold its stake in the UK North Sea Maclure oil and gas field to Nobel Upstream.
Shell: Industry faces major renaissance
The industry is in the crux of its own renaissance as it grapples with job losses, low oil price and lagging efficiency, according to Shell’s project & technology director.
Deadly gas detected on North Sea platform
Chevron North Sea’s Alba Northern platform was shut down after “low levels” of a potentially-deadly gas were detected.
Investigation completed by PSA into falling objects at Nyhamna
The Norwegian Petroleum Safety Authority (PSA) has completed an investigation into Norske Shell and contractors’ own follow-up of incidents involving objects last year at Nyhamna.
Shell evacuates workers from North Sea platform
Shell was forced to evacuate nearly 80 people from one of its North Sea platform.
Footsie rises after rally by miners and BG Group profit swing
London’s FTSE 100 made modest gains, as a continued rally from heavyweight miners and a profit swing for oil and gas company BG Group pushed the index higher.
Footsie slips despite BG Group’s results
London’s FTSE 100 Index struggled for direction, as oil and gas exploration firm BG Group announced it had steered the business back into the black.
Shell’s shares tumble after earnings halved
Oil giant Royal Dutch Shell has seen its full-year earnings slump by more than half due to tumbling crude prices and confirmed it would cut 10,000 jobs.
Offshore union warns of long-term damage to oil and gas industry
Offshore union RMT has warned of long-term damage to Britain’s energy industry after BP posted its largest annual loss for 20 years and revealed another 3,000 job losses as it continued to hack back on budgets in the face of global turmoil.
FTSE in the red as City reacts to BP results
The London market has dived deep into the red once more amid falling oil prices and as blue chip giant BP posted its largest annual loss for at least 20 years.
Shell sells shares in refining company in Malaysia
Shell has reached a conditional agreement with Malaysian Hengyuan International Limited (MHIL) for the sale of its shareholding in the Shell Refining Company for $66.3million.
Shell transitioning Texas trucking fleet to LNG vehicles
Oil major Shell is transitioning its trucking fleet to more liquefied natural gas-fuel vehicles in Houston and Louisiana.
Shell needs to repay investors who backed its biggest ever wager
Royal Dutch Shell Plc is under pressure to reward the faith of the more than 80 percent of shareholders who shrugged off the risks from slumping oil prices to back its record acquisition of BG Group Plc.