Executive Profile: Shell’s Sara Lawrence Brings a Blend of Experience to Marine Lubricants

Sara Lawrence. Photo: Shell

Lubricant suppliers have needed to anticipate unfolding maritime legislation while still meeting shipping’s commercial drivers. Shell Marine Products Global Technical Manager Dr Sara Lawrence is a chemist with eyes on the future. Sara Lawrence has built a career around anticipating trends in lubrication. Her specialist subject became apparent early, following up a degree in … [Read more...]

Shell Posts Biggest Loss in More Than a Decade

Shell's Polar Pioneer drilling rig. Photo: Shell Alaska

  By Rakteem Katakey and Javier Blas (Bloomberg) -- Royal Dutch Shell Plc reported its biggest net loss in at least 16 years after Europe’s largest energy group abandoned some projects and lowered its oil-price expectations, resulting in a charge of almost $8 billion. The loss highlights the pain oil and gas companies are enduring as prices plunge, forcing them … [Read more...]

Shell Abandons Arctic Exploration After Spending $7 Billion

Shell's Polar Pioneer drilling rig. Photo: Shell Alaska

  By Karolin Schaps LONDON, Sept 28 (Reuters) - Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude, a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky. The withdrawal came six weeks after the final U.S. clearance and three months after Shell was still … [Read more...]

Skeptic Investors Miss Out on Huge Windfall from Shell’s BG Takeover Deal

Deepsea Metro I, a sixth generation drillship contracted by BG Group to drill offshore Tanzania. Photo: BG Group

  By Inyoung Hwang (Bloomberg) -- A fresh drop in in oil prices and political instability in Brazil is making investors miss out on about $5.5 billion in Royal Dutch Shell Plc’s pending takeover of BG Group Plc. BG closed on Monday at 990.4 pence, about 9.5 percent below Shell’s cash-and-stock offer. The difference in share prices in the deal -- the largest in the … [Read more...]

Shell’s BG Deal Faces Regulatory Hurdle in Australia

An LNG carrier Maran Gas Posidonia loads the first LNG cargo from Train 2 at Queensland Curtis LNG (QCLNG) facility in Australia, July 2015. Photo: BG Group

  By James Paton and Rakteem Katakey (Bloomberg) -- Royal Dutch Shell Plc’s plan to buy BG Group Plc faced its first regulatory hurdle after Australia’s competition agency said the deal could reduce natural-gas supply to local customers and boost prices. A decision on granting approval has been delayed until November. The transaction may weaken the incentive for … [Read more...]

European Commission Signs Off On Shell’s Bid for BG Group

Teekay's Petrojarl Knarr FPSO is on charter to BG Group. Photo: BG Group

  Sept 2 (Reuters) - BG Group Plc said the European Union's antitrust regulators had approved Royal Dutch Shell Plc's $70 billion takeover bid for the oil and gas producer. The deal, which will help Shell compete better with world No. 1 oil major ExxonMobil, has already received the green light from regulators in the United States, Brazil and South Korea. BG and … [Read more...]

Shell Arctic Drilling Receives U.S. Approval

Polar Pioneer

  The U.S. Bureau of Safety and Environmental Enforcement has granted Shell its final approval to drill for oil and gas offshore Alaska in the arctic waters of the Chukchi Sea. According to the BSEE, Shell received approval for its Application for Permit to Modify to conduct exploratory drilling activities into potential oil-bearing zones offshore Alaska at one of … [Read more...]