Shell boss says oil price will more than double
Shell boss Ben van Beurden said he was “very, very confident” oil price would more than double.
Shell
Shell’s bid for BG backed by ISS
Oil major Shell’s bid for BG Group has been approve by the ISS (Institutional Shareholder Services). The positive move comes after the company had sought to alleviate shareholder concerns over whether its takeover was still viable at sub $50 oil. ISS, a proxy advisory body, has backed the deal which it said had a “compelling strategic rationale” in the current climate.
Shell remains positive of BG merger deal even at $50 oil
Oil major Shell has told investors its purchase of BG Group will work even if the oil price stays at an average of $50 a barrel for the next two years. According to reports, the lowest estimate yet for the oil price has been made in a bid to retain shareholder support for the $51billion deal amid plunging crude markets.
Shell, Iran reach deal on $2.3billion outstanding debt
Oil major Shell and the National Iranian Oil Company (NIOC) have reached a final deal on how the Anglo-Dutch company must clear its debt of $2.3billion outstanding since 2011. The head of the NIOCs international affairs, Mohsen Qamsari, said the two sides had reached an agreement on a mechanism after several round of negotiations.
Oil M&A could pick up as further pain forces producers to sell
Oil and gas producers should see an increase in deals this year as cheap crude prices and limited funding options force debt-saddled energy companies to sell assets, according to consultant IHS.
Sound Energy looks to enhance portfolio in 2016
Sound Energy, the European/Mediterranean focused upstream gas company, has said its ability to attract companies such as Shell and Schlumberger as partners illustrates the potential in its portfolio.
Video: Shell flaring from Corrib gas plant described as ‘frightening’ by residents
Flaring by oil major Shell from its Corrib gas plant was met with concern by residents in Mayo just a couple of days after the company announced first gas. Last month it was announced natural gas had started to flow from the Corrib field in Ireland after final approval was confirmed by the Government. Shell had sent a text message to residents who had subscribed to the alert system.
EV Insights: Shell’s battle for the Arctic
This year oil major Shell launched its bid to return to Arctic waters.
In case you missed them, Energy Voice’s top stories with SengS
Each week, Energy Voice pulls together the top stories from the week.
EV Insights: Energy Voice’s top videos of 2015
Take a look back at some of Energy Voice’s most watched videos from the past year.
EV Insights: Energy Voice’s top columns from 2015
Throughout the holiday season Energy Voice will be taking a look back at some of our most read columns from 2015.
Statoil welcomes first gas from Corrib field
Statoil has welcomed first gas from the Corrib field after the Irish Government gave oil major Shell and its partners the final go-ahead. The Norwegian operator said the output from the Corrib field would be an important addition to Statoil’s international production portfolio. It comes after the Minister for Communication, Energy and Natural Resources gave consent for the pipeline, subject to 20 conditions related to environmental management, operation, control and monitoring.
Video: In 30 seconds – Shell’s incredible 3D printing technology
Shell has captured incredible footage in just 30 seconds of its innovative 3D printing technology. The oil major said it was helping to turn manufacturing on its head at the Shell Technology Centre in Amsterdam.
Shell wins final approval for Corrib gas pipeline from Irish Government
Oil major Shell has been given final approval by the Irish Government to operate the Corrib gas pipeline and terminal, according to reports.
EV Insights: The most read stories of 2015
As wrap up 2015, Energy Voice takes a look back at some of the top stories that have peaked readers interest in the past year.
BP and Shell shares dip as oil sits below $40
The wider FTSE 100 Index was 20.9 points higher at 6275.5 in thin trading volumes following the Christmas break. Flood-hit insurers were bucking the market gains, with warnings for more disruption in Cumbria and southern and central Scotland as Storm Frank threatens to bring more misery.
Shell terminates Polar Pioneer contract
Shell has terminated its contract for the harsh environment semisubmersible Polar Pioneer.
EV Insights: Shell’s top stories of 2015
This year marked some significant milestones for oil giant Shell.
Mega deals activity among UK firms jumps to 15-year high in 2015
Mega deals came back into fashion in the City last year, with chief executives becoming more confident as the drama of the financial crisis faded into the background. Mergers and acquisition activity involving UK firms jumped almost 63% to $565billion, a 15-year high involving 3,385 deals, according to data firm Dealogic. The biggest of these acquisitions saw London-listed Peroni and Grolsch group SABMiller bought by Budweiser brewer Anheuser-Busch InBev for £71 billion in a deal finalised last month.
Shell-BG deal not yet in the bag amid fears of further oil slump
Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG Group Plc to the offer price shows that a further steep drop in oil prices could still put the deal in doubt. BG traded 12.5 percent below Shell’s bid price on Dec. 18, the biggest discount since early September, compared with a 6.4 percent gap on Dec. 4. While BG shares soared when news of the deal broke eight months ago, they’ve since tumbled more than 20 percent as oil prices slumped.
Shell, BG close in on merger, set to publish scheme document
Industry giants Shell and BG are zeroing in on their mega-merger.
Oil price architect marshals more crude supply after China spree
When you determine the price of most of the world’s oil, you need to keep up with the times.
Dutch court rules Shell could be liable for Nigerian oil spills
A Dutch appeals court ruled on Friday that Shell may be held liable for oil spills at its subsidiary in Nigeria, potentially opening the way for other compensation claims against multinationals in the Niger Delta and elsewhere.
Wood Group wins Shell Browse FEED contract
Wood Group has won a front-end engineering and design (FEED) contract for the Browse floating liquefied natural gas (FLNG) development. The company said the deal, which will see a 12 month contract with Shell, will be carried out by Wood Group Kenny (WGK).
Video: A year in the life for Shell’s mammoth Prelude
Ever wondered what a year for the world’s first floating liquid natural gas (FLNG) facility looks like? Watch the video below to find out. Engineers worked more than 1.6 million hours during the engineering and design phase of the Prelude FLNG project.