The arrival of man-made earthquakes.

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Your Sunday Stumbles Letter from Oklahoma APRIL 13, 2015 ISSUE Weather Underground The arrival of man-made earthquakes. BY RIVKA GALCHEN The increased seismicity is likely due to changes in the way oil and gas are produced.CREDITILLUSTRATION BY SHOUT In the fall of 2011, students in Katie Keranen’s seismology course at the University of Oklahoma buried portable seismograph stations around the campus, in anticipation of a football game between the Sooners and the Texas A. & M. Aggies. The plan was to see if the students could, by reading the instruments, detect the rumble of eighty-two thousand fans cheering for a touchdown. “To see if they can figure out if a signal is a passing train or a cheering crowd—that’s much more interesting for them than discussing data in theory,” Keranen, an assistant professor of geophysics, told me. But at 2:12 A.M. on November 5th, the day of the game, people in seventeen states felt an earthquake of 4.8 magnitude, centered near Prague, Oklahoma, a town of roughly twenty-five hundred, which is about an hour’s drive from Norman, where O.U. is situated. The students quickly packed up the seismographs and headed to Prague, hoping to measure the aftershocks. “Obviously, this was more worthwhile than a game,” Keranen said. Top Stumble How to Make an Earthquake Geoscience  | 20,552 Views View Page

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Oil price down, coffers full: now Big Petroleum is in the mood for mergers

Oil price down, coffers full: now Big Petroleum is in the mood for mergers

Apr 12th, 2015 

by John Donovan. 

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The energy sector looks set for a round of mergers and acquisitions. Illustration: David Simonds for the Observer

The world of Big Oil looks set for another round of mega-mergers and acquisitions after Shell set the ball rolling this week with its $70bn agreement to take over BG.

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Posted in: BG Group, BP, Chevron, Conoco Phillips, Exxon Mobil, Oil, Oil Prices, Royal Dutch Shell Plc, Total.
Tagged: BP · ConocoPhillips · ExxonMobil · Oil · Oil Prices · Royal Dutch Shell Plc · Shell· Total

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Shell paid too much to buy BG Group

Shell paid too much to buy BG Group

Apr 12th, 2015 

by John Donovan. 

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ARTICLE BY STEPHEN SIMKO,MORNINGSTAR PUBLISHED APR. 11, 2015 BY BUSINESS INSIDER

On April 8, Royal Dutch Shell (RDS.A) (RDS.B) (RDSA) (RDSB) announced its intention to acquire BG Group (BRGYY) (BG.) in a $70 billion cash-and-stock deal that values BG’s equity at GBX 1,350 per share, or 11% above our GBX 1,200 fair value estimate for BG at the time the deal was announced.

The deal will be roughly 70% stock and 30% cash, and it’s expected to close in early 2016. Our BG thesis has been that near-term execution problems and political issues in Brazil and Egypt were creating an attractive entry point for long-term investors.

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Posted in: BG Group, Gas, LNG, Oil Prices, Royal Dutch Shell Plc, Shale Gas, Shale Oil,Shell.
Tagged: Gas · LNG · Royal Dutch Shell Plc

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BP left stranded by US vilification as rejuvenated Shell storms ahead

BP left stranded by US vilification as rejuvenated Shell storms ahead

Apr 12th, 2015 

by John Donovan. 

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Article by Jeremy Warner published 12 April 2015 by The Sunday Telegraph 

BP left stranded by US vilification as rejuvenated Shell storms ahead

They say that fortune favours the brave. Ben van Beurden (right), chief executive of Royal Dutch Shell, will be hoping they are right, for by firing the starting gun on a new wave of oil industry consolidation with an audacious £47bn swoop on BG Group, he’s taking quite a gamble on a recovering oil price.

By acting now, Mr van Beurden may have gained some sort of first mover advantage.

If he succeeds, he will also have catapulted his company into pole position as the world’s largest oil major. But he is also paying a very fancy price – so high, in fact that despite the enthusiastic backing of the BG board and the lack of any obvious regulatory obstacles, there is some manifest scepticism in markets about whether the takeover will ever come to fruition.

The BG share price is trading at a much wider discount to the see through price of the offer than you would expect for such an apparently slam dunk deal.

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Posted in: Ben van Beurden, BG Group, BP, Daily Telegraph, Gas, Oil, Royal Dutch Shell Plc, Shell.
Tagged: BP · Gas · Oil · Royal Dutch Shell Plc · Shell

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Funds circle for spin-off gains from Shell deal

Funds circle for spin-off gains from Shell deal

Apr 12th, 2015 

by John Donovan. 

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Article by Ashley Armstrong published 12 April by The Sunday Telegraph

Funds circle for spin-off gains from Shell deal

The world’s largest private equity firms are already circling the $30bn (£20bn) of assets that could be spun off by Shell following its acquisition of BG Group, the largest ever merger between two UK companies.

Warburg Pincus and Blackstone are understood to be gearing up to get involved in the biggest industry deal for the past two decades. Shell’s £47bn takeover of its smaller oil and gas rival is expected to be the catalyst for a wave of consolidation in the sector.

Rival private equity firms Carlyle, Riverstone, KKR and Apollo, which also have a track record in energy investments, are expected to take an interest in the pool of assets that will be put up for grabs by Shell.

Shell’s chief executive, Ben van Beurden, said that the combined company would make $30bn of asset sales “from 2016 to 2018 averaging $10bn per year”.

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Posted in: Australia, Ben van Beurden, BG Group, China, Daily Telegraph, Gas, Royal Dutch Shell Plc, Shell.
Tagged: Australia · China · Gas · Royal Dutch Shell Plc

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