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News For RDS.A From The Last 14 Days
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February 8, 2016
05:19 EDTRDS.AShell LNG North America enters SPA with Venture Global LNG
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February 5, 2016
06:23 EDTRDS.A20 companies make alliance to keep down healthcare costs, WSJ says
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February 4, 2016
15:39 EDTRDS.AWhite House 'clean transportation' plan proposes $10 per barrel fee on oil
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05:45 EDTRDS.ARoyal Dutch Shell sees Q1 upstream earnings impacted by 40 thousand boe/d
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05:44 EDTRDS.ARoyal Dutch Shell reports Q4 upstream divestment proceeds totaled $300M
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05:43 EDTRDS.ARoyal Dutch Shell reports FY15-end total proved reserves to be 11.7M boe
At the end of 2015, total proved reserves on an SEC basis are expected to be 11.7 billion boe, after taking into account 2015 production. With 2015 production of 1.1 billion boe, our proved Reserves Replacement Ratio for the year on an SEC basis is expected to be -20%, a total reduction of 1.4 billion boe to our SEC proved reserves. The 3-year average headline proved Reserves Replacement Ratio on an SEC basis is expected to be 48%. When final volumes are reported in the 2015 Annual Report and Form 20-F, Shell expects that SEC proved oil and gas reserves will be reduced by 0.2 billion boe, before taking into account production.
05:42 EDTRDS.ARoyal Dutch Shell reports Q4 equity sales of LNG of 5.68M tonnes
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05:41 EDTRDS.ARoyal Dutch Shell reports Q4 oil and gas production 3,039 thousand boe/d
Oil and gas production for the fourth quarter 2015 was 3,039 thousand boe/d, a decrease of 5% compared with the fourth quarter 2014. Fourth quarter 2015 production was in line with the same period last year excluding the impact of divestments, curtailment and underground storage reinjection at NAM in the Netherlands, a Malaysia PSC expiry, PSC price effects, and security impacts in Nigeria.
05:41 EDTRDS.ARoyal Dutch Shell reports Q4 CCS EPS ex-items 29c vs. 52c last year
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February 2, 2016
15:24 EDTRDS.ARoyal Dutch Shell volatility elevated into Q4 and outlook
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07:17 EDTRDS.AIran still struggling to finalize oil drilling contract terms, WSJ says
Iran is still having difficulty finalizing terms under which foreign energy companies can drill for oil there, the Wall Street Journal reports. Iranian oil officials canceled a conference scheduled for this month in London where new contracts for Western companies were supposed to be presented, with official blaming the cancellations on the inability to secure enough U.K. visas for the event, the report says. Another reason for the cancellation are conservative factions thinking that the contracts drawn up by president Hassan Rouhani's oil ministry are too generous to foreign entities, the report says, citing people familiar with the matter. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 1, 2016
13:49 EDTRDS.AS&P cuts rating on Shell, puts several other EU oil majors on watch
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05:52 EDTRDS.AShell agrees to sell 51% Shell Refining stake in Malaysia to MHIL for $66.3M
Shell has reached a conditional agreement with Malaysian Hengyuan International Limited, or MHIL, for the sale of its 51% shareholding in the Shell Refining Company in Malaysia for $66.3M. It is MHIL's intention for SRC to invest in the upgrades needed to meet the Euro 4M and Euro 5 requirements. The transaction is expected to complete in 2016, subject to obtaining regulatory approval. Shell Malaysia Trading will ensure security of supply to its retail and commercial customers in Malaysia and honour other existing commitments through an existing comprehensive supply strategy that includes a long term offtake from Shell Refining Company. The sale is consistent with Shell's strategy to concentrate its global Downstream footprint and businesses where it can be most competitive. Malaysia continues to be an important country for Shell. Shell is the leading retail fuels and lubricants provider and continues to invest in growing these businesses in the country. Other recent Downstream divestments include the sale of Downstream businesses in Australia and Italy; a number of retail sites in the UK; and the initial public offering of, and further drop downs to, Shell Midstream Partners L.P. Shell has also agreed the sale of its marketing business in Denmark and Norway, its LPG businesses in France and a 33.24% shareholding in Showa Shell Sekiyu KK.
January 29, 2016
07:36 EDTRDS.AAnalysts still predicting mergers as oil slump drags on, WSJ reports
Bankers and analysts have been predicting a wave of merger activity will come almost since crude prices began to fall from over $100 a barrel, but the only big acquisition by an oil major so far has been Shell's (RDS.A) purchase of BG Group (BRGYY), said The Wall Street Journal, which added that analysts still believe deal-making is likely to return this year if prices continue to languish. With Chevron (CVX) set to report today and its big peers soon to follow, analysts are expecting the four biggest publicly traded Western oil companies to have their weakest combined profits since 1998, the Journal noted. The report noted that U.S. shale oil producers, such as Apache (APA) and Whiting Petroleum (WLL), were previously targeted though potential sellers were reluctant to accept offers as they hoped for a rebound in oil prices and potential buyers wondered if any deal struck would look expensive if crude prices fell further, but "both impediments are gone now," the Journal contends. Reference Link
January 28, 2016
10:55 EDTRDS.AOPEC delegates say no plan for meeting Russia about production, Bloomberg says
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10:18 EDTRDS.AShell: BG shareholders vote in favor of recommended combination
Royal Dutch Shell (RDS.A)) notes the result of the BG Group plc (BRGYY) shareholder meetings held earlier today and is pleased to note that BG shareholders voted in favor of the recommended combination between Shell and BG. The transaction is expected to complete on February 15, 2016, subject to the satisfaction or waiver of certain customary conditions, including the sanction of the scheme of arrangement to implement the combination by the High Court of Justice.
January 27, 2016
16:36 EDTRDS.AOn The Fly: Top stock stories for Wednesday
Stocks began the session in negative territory as sliding oil prices and disappointing guidance from Apple (AAPL) and Boeing (BA) had investors on the defensive. The averages reversed and moved into positive territory following a rally in oil, which came despite the weekly Department of Energy inventory build up coming in higher than expected. The market pared its gains heading into the Fed's rate announcement and then moved sharply lower following the central banks comments about lower growth in U.S. in 2016. Other comments were less dovish than expected and the market sold off into the close. ECONOMIC EVENTS: In the U.S., new home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. The FOMC rate decision was issued at 2:00 pm, with the Federal Reserve keeping interest rates unchanged and commenting that the "Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate... Inflation is expected to remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further." COMPANY NEWS: Apple (AAPL) declined $6.55, or 6.55% to $93.44 after the tech giant reported first quarter earnings that topped consensus estimates last night, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China... Apple was not the worst performer in the Dow, however, with that distinction going to Boeing (BA). Shares of the commercial airplane maker and defense contractor plummeted $11.43, or 8.93%, to $116.58 after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Shell (RDS.A, RDS.B) investors approved the company's proposed acquisition of BG Group (BRGYY), with roughly 83% of votes cast in favor of the deal. MAJOR MOVERS: Among the notable gainers was SunEdison (SUNE), which added 8.7% to its already meaningful gains over the past several days after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote. Also higher was Freeport McMoRan (FCX), which gained 10.95% to $4.66 after Indonesia's energy minister said he is "certain" of finding a solution to extend the company's copper export permit and as analysts applauded the company's decision to consider selling mining assets to pay down debt. Meanwhile, United Technologies (UTX), Biogen (BIIB) and Norfolk Southern (NSC) rose 0.19%, 5.15% and 1.44%, respectively, following their earnings reports. Among the noteworthy losers was DeVry (DV), which crashed 15.4% to $20.09 after the FTC filed suit over its allegedly deceptive marketing, with the Department of Education also announcing actions against the for-profit education company. Also lower were U.S. Steel (X), VMware (VMW) and Anthem (ANTM), which lost 14.35%, 9.82% and 4.74%, respectively, following their earnings reports. INDEXES: The Dow fell 222.77, or 1.38%, to 15,944.46, the Nasdaq lost 99.51, or 2.18%, to 4,468.17, and the S&P 500 declined 20.68, or 1.09%, to 1,882.95.
07:26 EDTRDS.ARoyal Dutch Shell investors approve BG Group takeover, Bloomberg reports
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