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Tag: Shell
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As Big Oil shrinks, boards plot different paths out of crisis

Posted: February 9, 2016 at 6:11 pm   /   Oil & Gas

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the world’s top oil companies […]

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Video: What is LNG? Turning natural gas into liquid (Shell)

Posted: February 5, 2016 at 7:36 pm   /   Oil & Gas

As global demand for natural gas grows, companies are using advanced technology to transport it from source to customers. Gas can be piped over relatively short distances. But cooling the gas to -162°C (-260°F) turns it to liquid for easier, safe shipment to faraway markets overseas. Shell provided the natural gas for the first liquefied […]

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Wood Mackenzie: Shell's acquisition of BG secures industry leading positions in deepwater oil and LNG

Posted: February 1, 2016 at 3:54 pm   /   Oil & Gas

Since the deal was announced in April, oil prices have near halved and Shell’s share price has fallen 35%. The strategic drivers for the acquisition remain compelling despite deepening turmoil across the oil and gas sector. “First mover advantage secures Shell industry leading positions in deepwater oil and LNG,” says Tom Ellacott, Senior Vice President […]

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BG shareholders approve Shell deal, transaction to be completed Feb 15th

Posted: January 28, 2016 at 5:42 pm   /   Oil & Gas

BG announces that at the Court Meeting and the BG General Meeting held earlier today in connection with the recommended cash and share offer made by Royal Dutch Shell plc (“Shell”) to acquire the entire issued and to be issued share capital of the Company (the “Combination”) to be effected by way of a Court-sanctioned […]

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Shell shareholders vote in favour of recommended combination between Shell and BG

Posted: January 27, 2016 at 5:38 pm   /   Oil & Gas

Royal Dutch Shell plc announces the poll result from today’s General Meeting held at the Circustheater, Circusstraat 4, 2586 CW, The Hague, The Netherlands. Shell shareholders expressed their support for the recommended combination with BG Group plc by carrying the resolution to approve and implement the transaction. Full details of the resolution passed, together with […]

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Bapetco's budget ratified as Shell increased investment to $438 million this year

Posted: January 26, 2016 at 7:10 pm   /   Oil & Gas

Drilling of 14 exploratory and developmental wells with 100% of drilling plan achieved during first half of current fiscal year. Badr El Din Petroleum Company (Bapetco) General Assembly Meeting, chaired by Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, ratified the company’s amendment to the fiscal year 2015/2016 budget, and also ratified the budget […]

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Shell's shareholder Standard Life to vote against BG deal

Posted: January 11, 2016 at 4:55 pm   /   Oil & Gas

Royal Dutch Shell’s bid to acquire BG Group was dealt a blow on Friday when a first major shareholder said it would vote against the $49 billion deal due to a weak outlook for oil prices and risks related to BG’s assets in Brazil. Standard Life Investment’s announcement came on the same day influential shareholder […]

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Leviathan partners and BG close to $30 billion Egypt gas deal

Posted: January 6, 2016 at 7:06 pm   /   Oil & Gas

The plan is to sign the contract before Shell completes its acquisition of BG next month. The Leviathan partners and British Gas (BG) are negotiating the final details of a contract for exporting Israeli natural gas to Egypt, and will sign it in the coming weeks, senior sources in the gas companies said today. According […]

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Interview with Aidan Murphy, Chairman & MD of Shell Egypt

Posted: September 4, 2015 at 7:28 pm   /   Oil & Gas

Tell us about your background and the transition you made to your role in Egypt? I have worked for Shell since 1991 where I held a wide range of commercial leadership roles in both the Group’s upstream and downstream businesses including Vice President Portfolio & Growth, Unconventional Oil and Gas over the past two years. […]

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BG Group announces Q1 results, provides an update on operations and Royal Dutch Shell offer

Posted: May 10, 2015 at 10:47 pm   /   Oil & Gas

BG Group announced its Q1 2015 results and provided an update on operations, including the recommended cash and share offer for BG Group by Royal Dutch Shell. The business and operational highlights concerning Egypt stated the following: In March, BG Group announced the signing of a tie-in agreement with BP Egypt and RWE DEA to […]

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