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Royal Dutch Shell PLC Add to portfolio

LON100:RDSA, Oct 17, 01:50 UTC

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Pieridae Energy Closes the Acquisition of Shell Canada’s Foothills Assets

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In the first six months of 2019, the Assets produced approximately 28,634 barrels of oil equivalent per day (“BOE/d”) consisting of approximately 119 million cubic feet per day (“MMcf/d”) of natural gas, 5,656 barrels per day (“bbl/d”) of natural gas liquids (“NGL”) and 3,163 bbl/d of condensate and light oil. Pieridae also acquired three deep cut, sour gas processing plants (Jumping Pound, Caroline and Waterton), with a combined capacity of approximately 750 MMcf/d (currently operating with 420 MMcf/d of spare capacity), a 14% working interest in the Shantz sulphur forming plant, and approximately 1,700 kilometres of pipelines. Pieridae will be using or has used the net proceeds of the Term Loan to: (i) partially fund the purchase price payable for the Acquisition, (ii) repay its current outstanding debt to AIMCo pursuant to the term loan entered into with AIMCo on December 20, 2018 (the “AIMCo Term Loan”), (iii) fund letters of credit required for existing and purchased assets and, (iv) satisfy all fees and expenses associated with the Term Loan and Acquisition. Pieridae has also made assumptions regarding the general stability of the economic and political environment in which Pieridae operates; the ability of Pieridae to retain qualified staff, equipment and services in a timely and cost efficient manner; the ability of Pieridae to operate the Assets in a safe, efficient and effective manner; the timing and costs of pipeline, storage and facility construction and expansion and the ability of Pieridae to secure adequate product transportation; future oil and natural gas prices; currency, exchange and interest rates; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Pieridae operates; timing and amount of capital expenditures, future sources of funding, production levels, weather conditions, success of exploration and development activities, access to gathering, processing and pipeline systems, advancing technologies, and the ability of Pieridae to successfully market its oil and natural gas.

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Yesterday


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Royal Dutch Shell plc: Transaction in Own Shares

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LONDON, Oct. 16, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (RDS-A) (RDS-B) announces that on October 16, 2019 it purchased the following number of "A" Shares for cancellation. Aggregated information on "A" shares purchased according to trading venues:. The Company announced the fifth tranche of its share buyback programme on August 1, 2019. Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes and the Commission Delegated Regulation (EU) 2016/1052.

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Shell worried ‘demonization’ of O&G will scare investors away » Kallanish Energy News

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Royal Dutch Shell is concerned about the effects the “demonization” of oil and gas by climate change activists could have on its investors, but it will continue investing in hydrocarbons, Reuters reported Tuesday. “Despite what a lot of activists say, it is entirely legitimate to invest in oil and gas because the world demands it,” said Shell CEO Ben van Beurden. The Anglo-Dutch supermajor has become more selective in its investments and is targeting new projects that are profitable at oil prices of $20-$30 a barrel and are low-carbon. “One of the bigger risks is not so much that we will become dinosaurs because we are still investing in oil and gas when there is no need for it anymore.

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kallanishenergy.com
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Tuesday, October 15


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Shell remits N720bn to NDDC in 16 years – GM

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SPDC’s General Manager, External Relations, Igo Weli, disclosed this on Tuesday at the final of 2019 SPDC-JV Environment Awareness Quiz Competition for Land Hub Community Secondary Schools in and around Port Harcourt. “SPDC, Shell Nigeria Exploration and Production Company (SNEPCo) and her partners have put in two billion U.S. dollars to NDDC, which is quite huge. Weli said that besides the remittance to NDDC the company had made huge contributions on both human and infrastructure development in its host Niger Delta communities. “People call us to say ‘my road is not good.’ But maybe their road is in the money SPDC and its Joint Venture partners paid to government or to NDDC,” he said.

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pulse.ng
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News

Why Royal Dutch Shell Stock Could Stand Out From Big Oil

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But Royal Dutch Shell Shell could benefit thanks to strong prices for liquefied natural gas, says a Cowen analyst.

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Royal Dutch Shell plc: Transaction in Own Shares

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LONDON, Oct. 15, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (RDS-A) (RDS-B) announces that on October 15, 2019 it purchased the following number of "A" Shares for cancellation. Aggregated information on "A" shares purchased according to trading venues:. The Company announced the fifth tranche of its share buyback programme on August 1, 2019. Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes and the Commission Delegated Regulation (EU) 2016/1052.

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finance.yahoo.com
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Monday, October 14


News

Exclusive: No choice but to invest in oil, Shell CEO says

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LONDON (Reuters) - Royal Dutch Shell <RDSa.L> still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an interview with Reuters, Ben van Beurden expressed concern that some shareholders could abandon the world's second-largest listed energy company due partly to what he called the "demonisation" of oil and gas and "unjustified" worries that its business model was unsustainable. Shell, which supplies around 3% of the world's energy, set out in 2017 a plan to halve the intensity of its greenhouse emissions by the middle of the century, based in large part on building one of the world's biggest power businesses. "Despite what a lot of activists say, it is entirely legitimate to invest in oil and gas because the world demands it," van Beurden said. Oil and gas remain the backbone of profits for Shell, the largest listed company on London's main FTSE index <.FTSE>. While oil and gas account for the entirety of Shell's free cashflow today, it foresees a gradual diversification over the next two decades.

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Greenpeace activists climb Shell North Sea platform saying 'clean up you mess'

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Greenpeace activists climb Shell North Sea platform saying 'clean up you mess'. LONDON (Reuters) - Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Shell plans to remove all the platforms and is currently seeking approval from the British government to leave in place their bases - huge concrete and steel legs that each weigh dozens of tonnes. "The UK government cannot claim to be a global oceans champion while allowing Shell to dump thousands of tonnes of oil waste in the North Sea," Doug Parr, Greenpeace UK's chief scientist, said in a statement.

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ROYAL DUTCH SHELL PLC - Transaction in Own Shares

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Royal Dutch Shell plc (the ‘Company’) announces that on October 14, 2019 it purchased the following number of "A" Shares for cancellation. Aggregated information on “A” shares purchased according to trading venues:. In respect of this programme, Citigroup Global Markets Limited will make trading decisions in relation to the Company’s securities independently of the Company for a period from August 1, 2019 up to and including October 28, 2019. Any such share purchases will be effected within certain pre-set parameters, and in accordance with the Company's general authority to repurchase shares, Chapter 12 of the Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes and the Commission Delegated Regulation (EU) 2016/1052.

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REFILE-Greenpeace activists climb Shell North Sea platform saying "clean up your mess"

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LONDON, Oct 14 (Reuters) - Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Shell is in the process of dismantling the 40-year-old Brent field east of the Shetland islands, in what is known as decommissioning, as its oil and gas reserves dwindle after producing more than 500,000 barrels a day at their peak in the 1980s. Shell plans to remove all the platforms and is currently seeking approval from the British government to leave in place their bases - huge concrete and steel legs that each weigh dozens of tonnes. "The UK government cannot claim to be a global oceans champion while allowing Shell to dump thousands of tonnes of oil waste in the North Sea," Doug Parr, Greenpeace UK's chief scientist, said in a statement.

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