Shell seeks $7 bln credit facility ahead of BG deal -sources

Shell seeks $7 bln credit facility ahead of BG deal -sources

Dec 3rd, 2015 

by John Donovan. 

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LONDON | BY RON BOUSSO: Bonds | Thu Dec 3, 2015

Dec 3 Royal Dutch Shell is seeking to secure a $7 billion credit facility in north America as back-up for its $70 billion acquisition of BG Group, sources said on Thursday.

U.S. bank JP Morgan Chase is arranging the facility, which will involve up to 20 banks and institutional investors, according to sources close to the matter.

The facility will be used as a “back-up” for funds already raised to finance the deal, according to one source.

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

The TRUTH will set you FREE.

IF YOU ARE AN EAGLE, THIS IS HOW TO FIGHT A SNAKE

Leonardo Ramos shared Elsie Osae Kwapong's photo.

November 25 at 8:45pm · 

Elsie Osae Kwapong

November 11 at 7:00am · 

Snake has no stamina, no power and no balance in the air. It is useless, weak and vulnerable unlike on the ground where it is powerful wise and deadly.
Take your fight into the spiritual realm by praying and when you are in the spiritual realm God takes over your battles.
Don't fight the enemy in his comfort zone, change the battle grounds like the Eagle and let God take charge through your earnest prayer. You'll be assured of clean victory.
Pray without ceasing.

The TRUTH will set you FREE.

Breaking News: 2 Major Incidents Underway as Platform Collapses and another Catches Fire Offshore Azerbaijan

Published in Oil Industry News on Friday, 4 December 2015

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Oil and Gas People has learned off two major incidents ongoing offshore Azerbaijan in the Caspian Sea.

The first seen the collapse of an accommodation module on a Platform in the Oil Rocks. The incident happened earlier this morning and 3 people are still reported missing. It is thought the platform was being battered by high winds and waves of over 8m at the time. The platform is owned by the state oil company of Azerbaijan.

The second serious incident on another state oil company platform is approx 30km away and is still developing. It is believed the whole platform is now on fire and evacuation is proving difficult due to severe weather conditions.

Oil and Gas People readers who are working on adjacent platforms have been in touch and information from the field is that the fire was caused by a damaged gas riser. The platform was evacuated using small 10 man lifeboats. Latest information from the field is that 63 people were onboard and so far 42 have been confirmed rescued. It has been reported that strong winds are preventing the lifeboats getting away from the platform.

2 firefighting boats have been mobilised and a diving vessel is also involved in the rescue operation. The incident has been ongoing since 18:00 local time.

6 BP Platforms are in close vicinity but are not thought to be affected.

This is a breaking story and will be updated as more information becomes available.

If you have any information please send it to our news team at news@oilandgaspeople.com

UPDATE: A third major incident is developing in the area. Full story here

Tags

Oil and Gas News Azerbaijan, Offshore Platform fire, Offshore Collapse

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New Poll Reveals One Hillary Clinton Vulnerability For Bernie Sanders To Pounce On

New Poll Reveals One Hillary Clinton Vulnerability For Bernie Sanders To Pounce On A new Gallup poll revealed that Hillary Clinton's favorability with Democratic voters has grown by an additional eight point in the last month, but Clinton has one vulnerability that Sanders could exploit as a path to victory.    Read more »

Friday Fox Follies – Guns, Gutfeld, and Geraldo Compare and contrast how two mass murders, less than a week apart, were treated by the Fox "News" Channel.    Read more » Strategic Analyst Claims Trump’s Popularity is Founded on His Authenticity In a deeply flawed analysis, George Friedman claims that Trump's popularity stems less from ideology and more from an imagined authenticity    Read more » Democrats Hammer Republicans For Allowing 2,000 Terror Suspects To Legally Buy Guns As House Republicans continue to protect terrorists' legal ability to purchase deadly weapons, the facts are staggering: according to the GAO, over the last 11 years, more than 2,000 suspects on the FBI's Terrorist Watchlist bought weapons in the United States.    Read more » Republicans Wrong Again As Majority See Attack on Planned Parenthood as Terrorism Republicans are on the wrong side again, as 52% see the attack on Planned Parenthood as terrorism and half of Americans think that anti-abortion groups encourage violence.    Read more » Obama White House Rips Republicans For Voting To Legally Sell Guns To Terrorists White House Press Secretary Josh Earnest ripped Senate Republicans for blocking legislation that would make it illegal for terror suspects to buy guns.    Read more » Mainstream Media Embarrasses America By Destroying San Bernardino Shooting Crime Scene The corporate media hit a new and disgusting low today by destroying a crime scene in the San Bernardino shooting all in the hopes of capturing one sensational scoop.    Read more » New Poll Reveals One Hillary Clinton Vulnerability For Bernie Sanders To Pounce On A new Gallup poll revealed that Hillary Clinton's favorability with Democratic voters has grown by an additional eight point in the last month, but Clinton has one vulnerability that Sanders could exploit as a path to victory.    Read more » GOP Cover-up? Memos Reveal Reagan And Bush Warned Of Climate Change Threat Recently released memos reveal Reagan and Bush Sr. knew about global warming and warned climate change posed a national security threat.    Read more » CEO Responsible For 29 W.V. Miners’ Deaths Convicted And May Face One Year In Jail Instead of spending up to 31 years in a federal penitentiary, Don Blankenship will serve 1 year for his part in the death of 29 coal miners    Read more » Sarah Palin Claims Obama’s Response to Threat of ISIL is Too ‘Namby-Pamby’ Palin said Hillary Clinton is naive in thinking we're not at war with Islam and claimed Obama is being too namby-pamby in dealing with ISIL    Read more »

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