Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Shell takeover of BG Group still on track despite shareholder doubts Falling oil prices have led to concerns that $60bn deal is overpriced but Shell expects to complete transaction early in 2016 Shell intends to publish its takeover prospectus on Tuesday and says the tumbling oil price is reflected in the value of the deal. Photograph: Jerry Lampen/EPA Sean Farrell Monday 21 December 2015 13.30 GMT
UK Oil and Gas: Capital Group reduces its stake in BG by £100m By Kedar Grandhi December 21, 2015 05:18 GMT Capital Group has sold about £100m (€137.2m, $149.2m) shares in the oil and gas business. The move comes following the news that the Reading, UK headquartered oil and gas company could be acquired by its Anglo-Dutch peer – Royal Dutch Shell, according to The Telegraph. The European Union antitrust regulators recently gave the nod for Royal Dutch Shell to buy BG Group, which will lead to the creation of one of the richest and biggest oil companies.
BG investor sells £100m of shares Telegraph The sales by Capital Group raise questions about its view of Shell's £55bn takeover of BG By Ben Martin, and Ben Marlow 8:00PM GMT 20 Dec 2015
Shell likely to get vote for BG deal BY RON BOUSSO, KAROLIN SCHAPS AND SINEAD CRUISE, DECEMBER 18 2015, 06:01
December 14, 2015 6:18 pm Royal Dutch Shell aims to bolster case for BG takeover Kiran Stacey, David Oakley and Madison Marriage in London
8:05pm LOMBARD from ENERGY Shell can take BG despite burden of proof Shell has less incentive to pull out of the deal, or seek to revise it, than a cratering oil price implies
if i held 100 x BG. shares at todays SP (927p) then i would make approx £100 on the merger[45 x RDSB@1441p shares plus 383p cash)
Royal Dutch Shell plans 2,800 job cuts after BG deal 11 minutes ago From the section Business Royal Dutch Shell has said it will cut 2,800 jobs if its planned takeover of BG Group goes ahead, about 3% of the combined group's workforce.
Mon Dec 14, 2015 7:15am GMT Shell says China clears merger with BG BEIJING Dec 14 China has given unconditional clearance to a proposed merger between Royal Dutch Shell and BG Group, clearing the final key regulatory hurdle for the $70-billion tie-up, Shell said on Monday.
Market isn’t so sure of Shell’s BG buyout Marcus Leroux Published at 12:01AM, December 12 2015
Shell Has Underperformed, But It Could Be The Only Oil Major That Emerges Bigger From The Downturn Dec. 6 The oil major Royal Dutch Shell is closing in on its biggest-ever merger with the UK based oil and gas producer BG Group.
Questor share tip: Mega deals leave billions of cash on the table It is a high risk strategy, but for the adventurous investor there is plenty of money jusy lying around in this year's mega deals By John Ficenec, Questor Editor 2:20PM GMT 05 Dec 2015
Is Royal Dutch Shell, BG Group Deal Destined for Regulatory Approval? By Micheal Kaufman on Nov 30, 2015 at 11:54 am Est
Shell's £55bn mega-merger with BG expected to get green light from Australian and Chinese regulators by early next year By RUTH SUNDERLAND FOR THE DAILY MAIL PUBLISHED: 21:50, 29 November 2015 It needs approval from five different authorities around the world: the European Union, America, Brazil, Australia and China.
Shell-BG deal to win green light Telegraph Regulators in China and Australia likely to support move to create Britain’s biggest company By Ashley Armstrong, and Ben Marlow 8:00PM GMT 28 Nov 2015
Thousands more jobs at risk as Shell counts cost of BG takeover Robin Pagnamenta Energy Editor Published at 12:01AM, November 28 2015 Royal Dutch Shell is drawing up plans for more cost-cutting after its £43 billion takeover of BG Group, amid mounting pressure from shareholders to bolster the commercial logic of the deal amid falling oil prices. The oil giant, which already has unveiled plans to slash $3.5 billion from the combined group, is understood to believe that it can wring still more in costs from the proposed merger, which is expected to be completed next year. The extra cuts are likely to involve thousands more job losses across both companies, increased sharing of resources and the closure of BG’s headquarters in
Shell share price keeps falling despite HSBC backing The Independent Jamie Nimmo The stock market is missing a trick with Shell, according to analysts at HSBC. The oil supermajor’s share price keeps falling and yet the company is showing “tangible evidence of a sharper edge to management around capital discipline and financial performance”, HSBC’s Gordon Gray said, highlighting work halted by Shell in Alaska and its Canadian oil-sands project. Investors appear to be running for the hills, with the price of oil showing no signs of recovering soon.However, Mr Gray reckons the dividend is not under threat at Shell – one of the big concerns in the City amid the commodities rout – even if the price of Brent crude remains around $50 a barrel next year. Crunching the numbers for its £43bn (£28.5bn) takeover of BG Group, the analyst, who has a buy rating and 1,960p target price, said a bulkier Shell “looks far healthier than it would on a standalone basis”. His comments lifted Shell by 26p to 1,692.5p, though the shares are still down by a quarter this year, while BG Group was 23p better off at 1,032.5p and BP 3.5p richer at 389.6p.
Anamaria Deduleasa 25 November 2015 09:02 GMT BG Group has formally started commercial operations from the second train at its Queensland Curtis LNG (QCLNG) project in eastern Australia.
Why BG May Be Best Way To Play Shell Acquisition Monica Gerson , Benzinga Staff Writer November 25, 2015 11:13am
Jamie Nimmo Oil supermajor Shell will wrap up its £43bn takeover of BG Group, according to analysts at RBC Capital, who argued that BG, up 6.5p at 1,009.5p, should rise now that Australia’s competition watchdog has given the deal the green light. BG’s market capitalisation is still about 12 per cent below the implied bid value, but RBC thinks this discount will close over the next couple of months and has lifted its recommendation to outperform. Shell, 1p off at 1,666.5p is reported to have secured the backing of Qatar, which has a 3.6 per cent stake in the Anglo-Dutch giant even after recent share sales.
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.
November 25th, 201512:00am A CLOSER LOOK AT BG'S PLANS TO ACQUIRE 35% OF CYPRUS' BLOCK 12 Noble Energy announced on Monday 23 November, 2015, that it is selling a 35% interest in Block 12 of Cyprus’ Exclusive Economic Zone to BG Group for a total cash consideration of $165 million (USD). The transaction has an effective date of April 1, 2015 and is expected to close by the end of 2015. Block 12 includes the Aphrodite field, discovered in 2011 and estimated to hold a gross mean resource of 4 trillion cubic feet (Tcf) of natural gas. According to the agreement, Noble Energy will maintain operatorship of Block 12 with a 35% interest. Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership hold a 15% stake each.
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
November 23, 2015 BG Group has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery. According to BG, this upstream position provides a potential source of gas to Egypt where BG Group holds equity in the two train LNG export facility at Idku as well as LNG offtake rights to lift 3.6 mtpa. The Aphrodite gas discovery is approximately 170 kilometres south of Limassol. It is operated by Noble Energy, who will maintain operatorship of Block 12 with a 35% interest, while Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership hold 15% each. BG says that completion of the transaction is subject to certain regulatory approvals as well as customary closing conditions. According to Cyprus government, the agreement is an important step towards Aphrodite’s development and it constitutes an alignment of upstream and midstream interests.