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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Dividend doubts creep in after Shell’s £47bn swoop for BG Group

Dividend doubts creep in after Shell’s £47bn swoop for BG Group

Apr 12th, 2015 

by John Donovan. 

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Article by Andrew Neil published 11 April 2015 byproactiveinvestors.co.uk

Dividend doubts creep in after Shell’s £47bn swoop for BG Group

“We think Shell’s acquisition of BG will likely be viewed as strategically smart and opportune, but should oil prices stay lower for longer, it could put pressure on UK dividends and be detrimental to UK pension investors.”

Shell’s swoop for BG Group (LON:BG.) failed to win over the Anglo-Dutch oil giant’s investors yesterday.

As BG soared, Shell shares (LON:RDSB) moved in the opposite direction and eventually posted their biggest fall since 2008.

At £47bn, the problem for boss Ben van Beurden is that some stakeholders fear he’s been too generous with his offer.

Shell’s dividend, which accounts for close to 10% of the total pay-out to UK equity investors, is also a particular concern.

“Shell has stuck its dividend reputation to the mast with this deal,”Investec oil and gas analyst Neill Morton told Proactive.

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Posted in: BG Group, Gas, Oil Company Profits, Royal Dutch Shell Plc.
Tagged: Gas · Royal Dutch Shell Plc

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Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay

Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay

Apr 12th, 2015 

by John Donovan. 

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Associated Press article published by Fox News 11 April 2015

Greenpeace activists abandon Arctic drill rig retained by Shell after six-day stay

SEATTLE –  Greenpeace says six activists opposed to offshore drilling in the Arctic have abandoned a Seattle-bound drill rig they boarded in the Pacific Ocean six days ago.

The organization said in an email Saturday that rough seas prompted the decision. The protesters rappelled off the rig and got into inflatable boats before returning to a Greenpeace ship stationed nearby.

The six climbed the Polar Pioneer about 750 miles northwest of Hawaii on Monday. A heavy-lift vessel called the Blue Marlin is transporting the rig to Seattle for staging before possibly heading to the Arctic.

Royal Dutch Shell, which leased the rig, sued in U.S. District Court in Anchorage, Alaska, last week seeking a court order to remove the protesters. A judge heard arguments on Friday but declined to rule immediately.

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

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New Sea Drilling Rule Planned, 5 Years After BP Oil Spill

New Sea Drilling Rule Planned, 5 Years After BP Oil Spill

Apr 12th, 2015 

by John Donovan. 

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Article by CORAL DAVENPORT published APRIL 10, 2015 by The New York Times

New Sea Drilling Rule Planned, 5 Years After BP Oil Spill

WASHINGTON — The Obama administration is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP oil spill in the Gulf of Mexico, administration officials said Friday.

The announcement of the Interior Department regulation, which could be made as soon as Monday, is timed to coincide with the five-year anniversary of the disaster, which killed 11 men and sent millions of barrels of oil spewing into the gulf. The regulation is being introduced as the Obama administration is taking steps to open up vast new areas of federal waters off the southeast Atlantic Coast to drilling, a decision that has infuriated environmentalists.

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Posted in: Alaska, Arctic, Beaufort Sea, BP, Chukchi Sea, Environment, Gulf of Mexico,New York Times, Oil, Oil Spill, President Obama, Royal Dutch Shell Plc.
Tagged: Alaska · Arctic Ocean · Beaufort Sea · BP · Chukchi Sea · ExxonMobil · Gas ·Gulf of Mexico · Oil · Royal Dutch Shell Plc

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