Friday, May 8, 2015

BG says still happy with Shell bid as oil price rise boosts LNG

May 8th, 2015

BG says still happy with Shell bid as oil price rise boosts LNG

By Karolin Schaps:Fri May 8, 2015

May 8 (Reuters) – BG Group said on Friday it was still happy with Shell’s $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for its liquefied natural gas (LNG) business.

A near 20 percent rise in oil prices since Shell made its agreed bid for BG on April 8, when the cash and shares price valued BG at 47 billion pounds ($72.6 billion), has raised concerns that investors might question that valuation and put pressure on Shell to conclude the deal as quickly as possible.

Posted in: BG Group, Brazil, Gas, LNG, Reuters, Royal Dutch Shell Plc, Shell.
Tagged: BG Group · Gas · Royal Dutch Shell Plc

The TRUTH will set you FREE.

Shell’s involvement with treating UK workers like slaves?

May 8th, 2015

by John Donovan.

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Shell Station, Timperly, Manchester

Shell’s involvement with treating workers like slaves?

EMAIL RECEIVED FROM A SHELL CUSTOMER

Hi, I am a Shell customer and live basically 50 yards to my nearest garage. I use my Shell points card and only buy Shell diesel.

Everyday I pass the garage above going to my gym. The garage has a car wash which has not been used for to long. They now have maybe 3 or 4 people who hand car wash employed with the full Shell uniforms on.

I noticed some weeks ago these fellows washing cars and also noticed when they were not washing cars sat on the floor waiting for work to come in.

Posted in: Business Principles, Human Rights, John Donovan, Oil, Royal Dutch Shell Plc,Shell.
Tagged: Royal Dutch Shell Plc · Shell

The TRUTH will set you FREE.

BG Group’s profits gush ahead of forecasts

May 8th, 2015

by John Donovan.

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BG Group’s profits gush ahead of forecasts: 8 May 2015

UK energy company BG Group has reported forecast-busting quarterly earnings, as it prepares for a £55bn takeover by larger rival Royal Dutch Shell.

SOURCE

BG Group’s profits slide ahead of Shell deal: RTE NEWS: Friday 8 May 2015

British energy firm BG Group, facing a massive takeover by Royal Dutch Shell, announced a slump in first-quarter profits today in the wake of sliding oil and gas prices.

Profit after tax tumbled 78% to $240m (€214m) in the three months to the end of March compared with $1.11 billion in the first quarter of 2014, BG Group said in a statement.

Revenue dropped 23% to $3.82 billion, “reflecting a significant fall in realised commodity prices”, it added.

Royal Dutch Shell last month announced a takeover of BG Group worth £47 billion, as the pair seek to consolidate their positions in a sector battered by sliding prices.

Posted in: BG Group, Bloomberg, Gas, Royal Dutch Shell Plc, Shell.
Tagged: BG Group · Gas · Royal Dutch Shell Plc · Shell

The TRUTH will set you FREE.

Shell and high water: the climate battle of Seattle

May 8th, 2015

by John Donovan.

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By K.C. Golden: Special to The Times: 7 May 2015

Shell and high water: the climate battle of Seattle

IF you had to pick a logo for the campaign to wreak climate havoc, you could hardly do better than Shell’s Arctic drilling rig, the “Polar Pioneer.” Climate denial has reached its fullest expression when the melting of the Arctic ice cap is greeted as a signal to drill for more oil where the ice used to be.

This monument to hubris is on its way to Seattle’s waterfront, where Shell hopes to stage its Arctic drilling operations. It will loom large on the Emerald City’s horizon, posing a stark contrast to Seattle icons like Mount Rainier and the Space Needle. A battle begins.

Posted in: Alaska, Arctic, Chukchi Sea, Environment, Greenpeace, Litigation, Oil, Oil Spill, Royal Dutch Shell Plc, Shell.
Tagged: Alaska · Arctic Ocean · Chukchi Sea · Litigation · Oil · Royal Dutch Shell Plc

The TRUTH will set you FREE.

Equal Justice or Double Standards?

Murray Polner: When David Petraeus left a federal courtroom last April in Charlotte, contrite, humiliated, and guilty, it was less a victory for our system of justice than another example of how our pretense of equal justice for all is simply untrue.

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FRIDAY, 8 MAY 2015

Rights and Wrongs

Kris Ockershauser: A fearful public must turn to reluctant lawmakers to add balance and common sense to the Police Officer’s Bill of Rights

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Manifest Justice: An Art and Activism Pop Up

Lauren Steiner: Manifest Justice, a ten-day art exhibit and social justice fair that just opened in LA, attempts to make us feel the emotions that inspire us to act.

READ HERE

Vietnam 40 Years On

James Rhodes: To celebrate the 40th anniversary of Vietnam's reunification, the Academy of Journalism and Communication in Hanoi hosted an international war journalist conference.

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Ms. Identity Politics

Tina Dupuy: “Running for president” is so lucrative in book deals and speaking fees that just being a conservative and hinting at throwing your hat into the ring automatically ups your cachet.

READ MORE

Equal Justice or Double Standards?

Murray Polner: When David Petraeus left a federal courtroom last April in Charlotte, contrite, humiliated, and guilty, it was less a victory for our system of justice than another example of how our pretense of equal justice for all is simply untrue.

READ MORE

The TRUTH will set you FREE.