Wed Apr 8, 2015 10:54am EDT Shell challenges Exxon dominance with $70 billion bid for BG LONDON | BY DMITRY ZHDANNIKOV AND KAROLIN SCHAPS (Reuters) - RoyalDutch Shell (L) agreed to buy smaller rival BG Group (BG.L) for 47 billion pounds ($70.2 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader... Continue Reading →
SBM Offshore denies report of $1.7 billion Brazil settlement
Wed Apr 8, 2015 7:29am EDT SBM Offshore denies report of $1.7 billion Brazil settlement AMSTERDAM (Reuters) - SBM Offshore the Dutch oil and gas platform leasing company, denied a media report that it has reached a $1.7 billion settlement with Brazilian authorities over corruption allegations. "Discussions with Brazilian authorities are at an early stage... Continue Reading →
Five questions for Shell over BG Group deal
http://www.ft.com/cms/s/0/8e708780-ddc1-11e4-8d14-00144feab7de.html#ixzz3Wj6QShIA April 8, 2015 9:08 am Five questions for Shell over BG Group deal Michael Kavanagh The BG Idku gas hub off Egypt's coast Why is BG particularly attractive to Shell? Although Shell chief executive Ben van Beurden is generally admired for his conservative approach on tackling costs and maintaining dividend flow, the Anglo-Dutch company is also... Continue Reading →
ExxonMobil keen to join oil M&A party
http://www.ft.com/cms/s/0/44b91532-ddc4-11e4-9d29-00144feab7de.html#ixzz3Wj3clSSp April 8, 2015 10:04 am ExxonMobil keen to join oil M&A party Ed Crooks in New York/FT US major has motive and firepower to gatecrash Shell’s bid for BG or swoop on other explorers Speaking to analysts in New York last month, Rex Tillerson, chief executive of ExxonMobil, stressed how the company’s great financial strength... Continue Reading →
Shell-BG Deal Puts Pressure on Big Oil to Consolidate Again
Shell-BG Deal Puts Pressure on Big Oil to Consolidate Again By Javier Blas 8:47 AM BRT April 8, 2015 (Bloomberg) In the words of Royal Dutch Shell Plc’s boss, the fundamental logic behind his decision to buy BG Group Plc “always existed.” What pushed the $70 billion deal over the finish line was that it... Continue Reading →
Shell Gets Bridge Loan From Bank of America for BG Group Deal
Shell Gets Bridge Loan From Bank of America for BG Group Deal By Dinesh Nair Katie Linsell 10:05 AM BRT April 8, 2015 Royal Dutch Shell Plc said it agreed a 3.025 billion pound ($4.53 billion) loan from its financial adviser Bank of America Corp. to help fund its purchase of BG Group Plc. Shell... Continue Reading →
Update – Shell in Talks to Buy BG Group
Shell in Talks to Buy BG Group By William Wade Aaron Kirchfeld 6:07 PM BRT April 7, 2015 Royal Dutch Shell Plc is in talks to acquire BG Group Plc in what would be the largest energy deal this year, according to a person with knowledge of the matter. The source asked not to be... Continue Reading →
U.S. Oil Prices Rise to 2015 High
U.S. Oil Prices Rise to 2015 High Crude gains on expectations that growing U.S. production and stockpiles are near their peaks A manifold system is used to direct oil around the Enbridge Inc. Cushing storage terminal, Oklahoma, U.S. Investors are awaiting U.S. oil supply data A manifold system is used to direct oil around the... Continue Reading →
Brazil Probes Alleged Mass Tax Fraud/Where does it stop??
Brazil Probes Alleged Mass Tax Fraud Brazilian tax authorities allegedly solicited bribes from major companies in exchange for reducing their liabilities Union members clashed with the police during a demonstration in support of President Dilma Rousseff in front of the National Congress in Brasília. The leader’s popularity has fallen amid a poor economy and a... Continue Reading →
Shell in Talks to Buy BG Group
Shell in Talks to Buy BG Group Deal for gas producer, which has $46 billion market cap, would be one of year’s biggest Royal Dutch Shell is in talks to acquire BG Group, according to people familiar with the matter. PHOTO: ASSOCIATED PRESS By DANA MATTIOLI And SHAYNDI RAICE/WSJ Updated April 7, 2015 4:32 p.m. ET Royal Dutch... Continue Reading →
Brazil Energy Insight 