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RDS.A

Royal Dutch Shell plc

5/21/2013, 11:41 PM ET

Quote & Headlines Market Currents StockTalk

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Thursday, May 2, 6:23 PM Shell (RDS.A) may have taken the lead - at least in the rumor mill - as the bidder most likely to succeed in winning a share of InterOil’s (IOC) LNG project in Papua New Guinea, Platts reports. Shell’s perceived advantage over Exxon (XOM) and Total (TOT) centers on its existing relationship with the PNG government, strengthened by its ownership of emerging floating LNG technology. 11 Comments [Energy]
Thursday, May 2, 5:17 PM Shell (RDS.A) "is in much better shape than it was when he started," seems to be the general reaction to Peter Voser's retirement news. But not everyone is enamored with Voser's work, as Shell plans a $120B-$130B capex program for 2012-15, including $33B this year. Perhaps the most interesting part of the news is that Shell will consider external replacement candidates. 4 Comments [Energy]
Thursday, May 2, 2:57 PM Royal Dutch Shell (RDS.A) declares $0.90/share quarterly dividend, 4.6% increase from prior dividend of $0.86. Forward yield 5.26%. For shareholders of record May 17. Payable June 27. Ex-div date May 15. (PR) Comment! [Dividends]
Thursday, May 2, 7:40 AM More on Shell's (RDS.A, RDS.B) Q1 results: Attention is on the retirement of CEO Peter Voser, but adjusted net profit rose 3% Y/Y to $7.52B, well above analyst consensus of ~$6.5B. Revenues were $112.8B vs. $119.9B a year ago. Total oil and gas production was 3.559M boe/day, flat Y/Y and in-line with expectations. Shares +1.8% premarket. (PR) Comment! [Energy, Earnings, On the Move]
Thursday, May 2, 6:50 AM Royal Dutch Shell (RDS.A): Q1 EPS of $1.19. Comment! [Earnings, Breaking News]
Thursday, May 2, 2:09 AM Peter Voser, CEO of Royal Dutch Shell (RDS.A), will retire in 2014, the WSJ reports. Comment! [Energy, Breaking News]
Wednesday, May 1, 10:59 AM A JV between Shell (RDS.A, RDS.B), Mitsubishi and Iraq's South Gas will double the amount of natural gas it processes from the giant Rumaila, Zubair and West Qurna-1 fields in southern Iraq to 500M cf/day by year's end, a top Iraqi official says. The venture is expected to invest ~$1.5B in three years after signing on upgrading existing gas facilities and training of staff. Comment! [Energy, Global & FX]
Tuesday, April 30, 11:58 AM Royal Dutch Shell (RDS.A, RDS.B) confirms it has won the race to participate in the development of the Bab sour gas project in Abu Dhabi aimed at supplying Middle Eastern markets. Shell will own a 40% stake in the JV, with Abu Dhabi's state-run Adnoc holding the remainder. Total (TOT) also had been interested in the project. Comment! [Energy, Global & FX]
Tuesday, April 30, 9:59 AM Woodside Petroleum reconsiders its decision to abandon plans for a $40B liquefied natural gas development offshore western Australia, agreeing to look at Shell's (RDS.A) floating LNG technology for processing natural gas at sea. Woodside CEO Peter Coleman says he now agrees that floating LNG could be the quickest way to develop the Browse area, which contains ~15.5T cubic feet of natural gas. Comment! [Energy, Global & FX]
Tuesday, April 30, 8:11 AM Royal Dutch Shell (RDS.A, RDS.B) reportedly appoints Australia head Ann Pickard to run operations in the U.S. Arctic Ocean, succeeding David Lawrence who left Shell in March in the wake of a series of setbacks in the region. Pickard is no stranger to tough assignments, having spent five years in Nigeria as a regional vice president while militants often targeted Shell's oil installations. Comment! [Energy]
Monday, April 29, 8:59 AM KazMunaiGas, Kazakhstan's no. 2 oil producer, says it plans to invest ~$10B in exploration during the next 10 years as it aims to nearly double its oil and gas reserves, but it will not buy out ConocoPhillips' (COP) 8.4% stake in the Kashagan field, the world's largest oil discovery in more than four decades. KazMunai holds a 16.8% stake in Kashagan, along with XOM, TOT, RDS.A and E. Comment! [Energy, Global & FX]
Thursday, April 25, 2:34 PM "It’s going to be a very rough ride” for the oil majors, Oppenheimer's Fadel Gheit says in response to Exxon's (XOM -1%) nearly flat profit growth, falling production and rising costs. “If oil prices go down from here, no major integrated oil company will beat the S&P." Top oil producers may need to try something radical to reward their shareholders, such as the spinoffs of refining businesses by Marathon Oil and Conoco. 7 Comments [Energy]
Thursday, April 25, 12:52 PM Royal Dutch Shell (RDS.A +1.2%) says it has been in discussions with India's Oil & Natural Gas Corp. about potential opportunities as it seeks to expand its presence in India, where energy demand is expected to more than double over the next 25 years. ONGC says it is discussing a long-term alliance to jointly explore oil and gas production and is looking at both existing and new projects. Comment! [Energy, Global & FX]
Thursday, April 25, 10:43 AM Cobalt Energy (CIE +1.8%), which has doubled in value since going public in 2009 but still trades at a substantial discount to the value of its underlying assets, is turning into a takeover target for energy companies attracted to its oil finds from Africa to the Gulf of Mexico, Bloomberg writes. CIE’s assets are "a needle mover" for a large international player, Guggenheim says. 1 Comment [Energy, M&A, On the Move]
Wednesday, April 24, 2:13 PM The development of shale oil and gas reserves around the world generally will be much slower than in North America, Shell's (RDS.A) head of international oil and gas warns, pointing to the lack of equipment and skilled staff. Shell’s assessment suggests the shale revolution will not be replicated quickly elsewhere, and other sources of supply will be needed to meet growing global energy demand. 3 Comments [Energy, Global & FX]
Wednesday, April 24, 8:45 AM The sudden retirement of InterOil (IOC) CEO Phil Mulacek should speed the securing of a major JV partner for its Gulf LNG project in Papua New Guinea, Raymond James analyst Pavel Molchanov says. Mulacek was a "sharply polarizing figure" perceived as "an obstacle" to a deal with interested partners such as XOM, RDS.A or TOT, and his departure provides a catalyst for an announcement. 5 Comments [Energy]