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by Veselin Valchev Wednesday, 25 Nov 2015, 09:26 GMT Shell share price: Major Qatari shareholder backs BG merger despite sell down The Qatar Investment Authority (QIA), the Gulf nation’s sovereign wealth fund and one of Royal Dutch Shell Plc’s (LON:RDSA) top 20 shareholders, has reportedly backed the proposed £43 billion takeover of UK energy peer BG Group.
Why Royal Dutch Shell Plc Offers 20%+ Returns In 2016 By Peter Stephens - Tuesday, 24 November, 2015 In the last 18 months, the outlook for the oil sector has changed to a degree that few investors could have possible predicted. While in mid-2014 the price of oil was sailing well above $100 per barrel, it is now at less than half of that level. And, while many industry insiders were predicting oil at $200 per barrel over the medium term, now there are predictions for oil to reach just 10% of that level. Clearly, most oil stocks have been hurt by the price fall and Shell (LSE: RDSB) is no exemption.
Qataris back Royal Dutch Shell’s £43bn takeover of BG Robin Pagnamenta Energy Editor Published at 12:01AM, November 25 2015 One of the biggest shareholders in Royal Dutch Shell has thrown its weight behind the oil group’s £43 billion takeover of BG Group, despite mounting concerns about the impact of plunging oil prices on the commercial logic that underpins the deal. The Qatar Investment Authority, the sovereign wealth fund that holds a stake of up to 2 per cent in the Anglo-Dutch group and also is a shareholder in BG, is understood to be “fully supportive” of the proposed transaction, which was announced in April
Shell under fire over BG Group takeover as oil price slump continues Published at 12:01AM, November 24 2015 A leading Royal Dutch Shell shareholder has urged it to consider renegotiating the terms of its £43 billion takeover of BG Group. It said that circumstances had “changed so much” since the proposed deal was announced in April that Shell should cut the price. Figures show that investors are betting more heavily on further falls in the oil price than at any time for more than a year. The takeover was announced when the price of a barrel of Brent crude, the international benchmark, stood at more than $60. Ben van Beurden, Shell’s chief executive, had said that the oil
By Micheal Kaufman on Nov 23, 2015 at 2:43 pm Est Eni SpA Should Take A Page From Royal Dutch Shell plc Book Bidness Etc takes a look at Eni SpA’s plans to explore crude oil in the Arctic region, following Shell and Statoil’s departure from drilling in the region
Shell joins queue of investors waiting on Iran oil contracts The Times Published at 12:01AM, November 23 2015 Iran will fire the starting gun this week in a race to develop some of the world’s biggest oil and gas reserves when it reveals the terms for new oil contracts to foreign investors, including Royal Dutch Shell. The Anglo-Dutch oil giant will be among a slew of companies participating in the Tehran Oil Conference in the Iranian capital on Saturday and Sunday. Lukoil, of Russia, and Total, of France, are also expected to attend. The contracts, to be announced at the event by Bijan Namdar Zanganeh, the Iranian oil minister, will be a pivotal
22 Nov 2015 Questor Shell should walk away from BG The FTSE 100 oil major has endured a turbulent year but the dividend and the balance sheet still look solid enough, says Questor.
Sun 22 November 2015 15:22 | A A A (ShareCast News) - Hold on to Royal Dutch Shell, said Questor in the Sunday Telegraph, B-shares in particular for UK investors to avoid double taxation. Shell's acquisition of BG Group is very logical but if the price of oil wallows for much longer it could see the end of Shell's long-running dividend history, with dilution for investors too. Shell's reserves need topping up and BG's stake in the massive gas field offshore Brazil will fix this and comes at a time when gas is becoming preferred to coal.
Qatar sells its shares in Shell and BG for £988.2 million http://ameinfo.com/finance-and-economy/finance/financial-analysis/qatar-sells-its-shares-in-shell-and-bg-for-988-2-million/
Following in Shell's footsteps, oil major Statoil will also exit the Alaskan Arctic https://www.washingtonpost.com/news/energy-environment/wp/2015/11/17/following-in-shells-footsteps-oil-major-statoil-will-also-exit-the-alaskan-arctic/
Big Oil Did Not Happen Overnight http://www.livetradingnews.com/big-oil-did-not-happen-overnight-124573.htm As in all industries that benefit from economies of scale, the Crude Oil and Nat Gas industry has seen many, many mergers and acquisitions over the past 100+ years that have produced the World’s 10 biggest petroleum energy companies.
Is The Oil Price Decline The Best Opportunity Of The Decade? https://uk.finance.yahoo.com/news/oil-price-decline-best-opportunity-163607949.html
After Shell in September said it would cease its offshore exploration efforts in Alaska, another oil major has decided to follow suit. http://www.offshoreenergytoday.com/another-oil-major-pulls-back-from-alaska/ Namely, Norway’s largest oil company Statoil on Tuesday said has decided to exit Alaska following recent exploration results in neighbouring leases. The leases in the Chukchi Sea are no longer considered competitive within Statoil’s global portfolio, so the decision has been made to exit the leases and close the office in Anchorage, Alaska, the company said. Tim Dodson, executive vice president for exploration in Statoil, said: “Since 2008 we have worked to progress our options in Alaska. Solid work has been carried out, but given the current outlook we could not support continued efforts to mature these opportunities.” Statoil will relinquish 16 operated leases, and its stake in 50 leases operated by ConocoPhillips, all in the Chukchi Sea. The leases were awarded in the 2008 lease sale in Alaska and expire in 2020.
Statoil Follows Shell in Quitting Alaska http://www.wsj.com/articles/statoil-follows-shell-in-quitting-alaska-1447776182
Are Royal Dutch Shell Plc Set To Soar? https://www.fool.co.uk/investing/2015/11/16/are-royal-dutch-shell-plc-hunting-plc-and-nostrum-oil-gas-plc-set-to-soar/
Lorraine Mitchelmore, head of Shell's Canadian division, stepping down http://www.ctvnews.ca/business/lorraine-mitchelmore-head-of-shell-s-canadian-division-stepping-down-1.2661159
Qatar stake sale raises doubts about Shell-BG merger Seeking Alpha http://seekingalpha.com/news/2932026-qatar-stake-sale-raises-doubts-about-shell-bg-merger
BG COO Sami Iskander reportedly will become Shell's executive VP for joint ventures, BG head of trading Steve Hill will become executive VP for gas http://seekingalpha.com/news/2931576-bloomberg-shell-to-retain-four-senior-bg-execs-after-merger
Shell Plans to Retain Four Senior BG Executives After Merger http://www.bloomberg.com/news/articles/2015-11-16/shell-plans-to-retain-four-senior-bg-executives-after-merger
Idemitsu agreed to buy a 33.24% share in Royal Dutch Shell for $1.4bn http://www.chemicals-technology.com/news/newsidemitsu-kosan-to-acquire-showa-shell-sekiyu-4719746
Energy majors protect dividends even as oil prices slump http://www.marketwatch.com/story/energy-majors-protect-dividends-even-as-oil-prices-slump-2015-11-16
Brent crude is up 0.8% at $44.84 a barrel. Royal Dutch Shell A shares are up 29p at £15.97. http://www.theguardian.com/business/marketforceslive/2015/nov/16/european-markets-defiant-with-frances-cac-recovering-after-early-falls
Shell share price: Qatar fund sell-down stirs BG merger fears http://invezz.com/news/equities/21211-Shell-share-price-Qatar-fund-sell-down-stirs-BG-merger-fears
Oil Dealmakers Find Slim Pickings Among Premium-Priced Explorers by Bloomberg|Angelina Rascouet|Monday, November 16, 2015 - See more at: http://www.rigzone.com/news/oil_gas/a/141625/Oil_Dealmakers_Find_Slim_Pickings_Among_PremiumPriced_Explorers#sthash.HvFC97GA.dpuf
Fresh doubts over Shell and BG merger as Qatar sells £1bn stake Telegraph http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11996368/Fresh-doubts-over-Shell-and-BG-merger-as-Qatar-sells-1bn-stake.html