The wider FTSE 100 Index was 20.9 points higher at 6275.5 in thin trading volumes following the Christmas break. Flood-hit insurers were bucking the market gains, with warnings for more disruption in Cumbria and southern and central Scotland as Storm Frank threatens to bring more misery.
Shell has terminated its contract for the harsh environment semisubmersible Polar Pioneer.
This year marked some significant milestones for oil giant Shell.
Mega deals came back into fashion in the City last year, with chief executives becoming more confident as the drama of the financial crisis faded into the background. Mergers and acquisition activity involving UK firms jumped almost 63% to $565billion, a 15-year high involving 3,385 deals, according to data firm Dealogic. The biggest of these acquisitions saw London-listed Peroni and Grolsch group SABMiller bought by Budweiser brewer Anheuser-Busch InBev for £71 billion in a deal finalised last month.
Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG Group Plc to the offer price shows that a further steep drop in oil prices could still put the deal in doubt. BG traded 12.5 percent below Shell’s bid price on Dec. 18, the biggest discount since early September, compared with a 6.4 percent gap on Dec. 4. While BG shares soared when news of the deal broke eight months ago, they’ve since tumbled more than 20 percent as oil prices slumped.
Industry giants Shell and BG are zeroing in on their mega-merger.
When you determine the price of most of the world’s oil, you need to keep up with the times.
A Dutch appeals court ruled on Friday that Shell may be held liable for oil spills at its subsidiary in Nigeria, potentially opening the way for other compensation claims against multinationals in the Niger Delta and elsewhere.
Wood Group has won a front-end engineering and design (FEED) contract for the Browse floating liquefied natural gas (FLNG) development. The company said the deal, which will see a 12 month contract with Shell, will be carried out by Wood Group Kenny (WGK).
Ever wondered what a year for the world’s first floating liquid natural gas (FLNG) facility looks like? Watch the video below to find out. Engineers worked more than 1.6 million hours during the engineering and design phase of the Prelude FLNG project.
Shell and its joint venture, China National Offshore Oil Corporation CNOOC,have agreed to expand its petrochemical complex in China.
The GMB union has urged the Scottish Government to insist that oil companies remove everything from the seabed when closing down platforms unless there are pressing reasons not to.
Shell is considering the option of leaving the massive subsea concrete jackets for its Brent platforms in place, as removing the 300,000 tonne structures may be more hazardous than leaving them where they are.
Shell has said it will cut 2,800 jobs if its planned takeover of BG Group goes ahead, the company has confirmed.
Shell's multi-billion takeover of BG has been given the go-ahead by Chinese officials, surpassing its final clearance hurdle.
Oil major Shell is shifting to portfolio rationalisation as the move to a merger with BG Group nears one step closer, according to a leading analyst. Tom Ellacott, from Wood Mackenzie’s Corporate Analysis team, said a combined portfolio between the two companies will now be defined by its geographical reach.
Music superstar and solar entrepreneur Akon joined Shell to officially open a solar and human powered football pitch in the Nigerian capital Lagos at the Federal College of Education.
Avanti Energy said its Italian subsidiary has signed a long term gas sales agreement with Shell Energy Europe for its future gas production in the country. CMI Energia has won the deal which will focus on the Colle Santo project which is the largest undeveloped onshore gas field in Italy.
Shell is carrying out a strategic review of its assets in New Zealand as it looks to streamline costs amid the continue decline in oil price. The oil major will carry out the assessment to see how their interests in the region align with the company’s current plans.
EU antitrust regulators have dropped Shell, BP and Statoil from an investigation into alleged rigging of ethanol benchmarks. The European Commission said it had, however, opened a formal investigation into the actions of Abengoa, Alcogroup and Lantmannenekfor.
Oil major Shell has taken a final investment decision to build a new unit at the Pernis refinery in the Netherlands.
Shell chief executive Ben Van Beurden said technology would continue to be one of the most crucial factors in combating climate change. The head of the oil major spoke at the International Petroleum Technology Conference (IPTC) in Doha as leaders meet in Paris for climate change talks at COP 21.
Shell's takeover of BG secured approval from the Australian Foreign Investment Review Board (FIRB), it was today confirmed.
Shell has said production is likely to be back up in the "next few days" on Brent Charlie after a power failure led to 29 workers being downmanned last week.
Shell is set to create the world's largest production facility for the polyethelene Alpha Olefins (AO) after it confirmed it will expand its chemical manufacturing site in the United States.