BBC NEWS Royal Dutch Shell has strengthened its ties in China with a 30-year deal to explore for natural gas in the country. The Anglo-Dutch energy giant will partner China National Petroleum Corporation (CNPC) in the project. The deal follow’s this week’s joint bid with PetroChina, owned by CNPC, for Australia’s Arrow Energy gas company. [...]
Posts Tagged ‘Coal-seam Gas’
Arrow’s Davies hits target with sweetened Shell bid
REUTERS Fayen Wong PERTH Mon Mar 22, 2010 9:27am EDT (Reuters) – When Nicholas Davies joined Brisbane-based Arrow Energy Ltd as chief executive in 2004, he was charged with growing the then junior explorer into one of Australia’s top coal seam gas producers by 2010. Six years on, Arrow holds the largest coal seam gas [...]
Australia’s Arrow accepts Shell, PetroChina bid
Associated Press, 03.21.10, 08:30 PM EDT SYDNEY — Arrow Energy Ltd., a major owner of gas assets in Australia, has agreed to a sweetened takeover bid from Royal Dutch Shell and PetroChina Co. worth Australian dollars 3.44 billion ($3.15). The deal comes as Australia ramps up major natural gas projects in response to booming demand [...]
Shell, PetroChina Win Arrow With Sweetened $3.2 Billion Offer
March 22 (Bloomberg) — Royal Dutch Shell Plc and PetroChina Co. agreed to buy Arrow Energy Ltd. after increasing their offer to A$3.5 billion ($3.2 billion), marking Chinas entry to Australias coal-seam gas industry.
Takeover Target Arrow Halts Shares
THE WALL STREET JOURNAL By ROSS KELLY and CYNTHIA KOONS FRIDAY MARCH 19, 2010, 2:00 A.M. ET SYDNEYArrow Energy Ltd. has yet to strike an agreement with Royal Dutch Shell PLC and PetroChina Co. on a takeover offer, people familiar with the matter said Friday amid mounting speculation of a sweetened offer from the pair. [...]
Arrow close to deal with Shell on higher bid: report
Thu Mar 18, 2010 5:55pm EDT (Reuters) – Royal Dutch Shell (RDSa.L) and PetroChina (0857.HK) are close to an agreed deal with Australia’s Arrow Energy Ltd (AOE.AX) to lift their A$3.3 billion ($3.05 billion) takeover offer, an Australian newspaper said. The Australian Financial Review said in an unsourced report on Friday that the companies could [...]
Arrow to soon respond on Shell, PetroChina offer: source
REUTERS (Reuters) – Australia Arrow Energy Ltd (AOE.AX) has opened its books to Royal Dutch Shell (RDSa.L) and PetroChina (0857.HK) for them to conduct due diligence for their joint takeover offer worth at least A$3.3 billion ($3.03 billion) sources said on Wednesday. One of the sources said Arrow is expected to make a response on [...]
Shell Ireland Corrib Gas Project Startup Delayed To ’12-’13
THE WALL STREET JOURNAL MARCH 16, 2010 By Lananh Nguyen Of Dow Jones Newswires LONDON (Dow Jones)–The startup of Royal Dutch Shell PLC’s (RDSB) Corrib gas project off the west coast of Ireland will be delayed to 2012-2013, the company said Tuesday in a strategy update. The project was originally set to come online between [...]
Shell may have to raise bid for Arrow Energy
A stream of analyst comments and silence on the offer from the Australian coal-seam gas group has fuelled expectations that Arrow will reject the bid and the two parties will have to come in with a higher and hostile offer. Last week, Shell and PetroChina offered A$4.45 in cash for each Arrow share, plus a share in a new, international Arrow entity.
So far so good as Shell is giving a shaking
March 16, 2010 David Wighton: Business Editors commentary He arrived with a bang and within weeks had axed 5,000 jobs. But eight months after taking over the helm at Royal Dutch Shell, is Peter Voser making progress turning around the supertanker? Long derided as the most sluggish of the top oil companies, Shell will today [...]
Arrow May Reject A$3.3 Billion Shell/Petrochina Bid, Review Says
BLOOMBERG.COM By James Paton March 15 (Bloomberg) — Arrow Energy Ltd. may reject a A$3.3 billion takeover offer from Royal Dutch Shell Plc and PetroChina Co., the Australian Financial Review reported, without saying where it got the information. The time Arrow has spent evaluating the offer and analysts comments that the bid is too low [...]
Shell May Raise Arrow Energy Offer, RBS Morgans Says
By James Paton March 12 (Bloomberg) — Royal Dutch Shell Plc and PetroChina Co. may need to increase their offer by as much as 55 Australian cents a share to A$3.7 billion ($3.4 billion) to acquire Arrow Energy Ltd., said an analyst at RBS Morgans. Shell and PetroChina may have to sweeten their offer for [...]
Shell’s Ann Pickard in for Arrow Energy
The Australian Matt Chambers Thursday March 11, 2010 12:00AM ROYAL Dutch Shell will this month fly its new head of Australian production and exploration, Ann Pickard, into the centre of its $3.3 billion joint bid for Arrow Energy. The appointment of Ms Pickard — head of Shell’s operations in the restive Nigerian delta oilfields and [...]
Shell May Need to Increase Arrow Bid, Bernstein Says
March 9 (Bloomberg) — Royal Dutch Shell Plc and PetroChina may need to increase their bid for Arrow Energy Ltd. by as much as 18 percent to A$3.9 billion ($3.5 billion) based on similar transactions in Australia, Sanford C. Bernstein & Co. said.
Shells Arrow Bid May Spur Coal-Bed Gas Takeovers
March 9 (Bloomberg) — Royal Dutch Shell Plc and PetroChina Co.s A$3.3 billion ($3 billion) bid for Arrow Energy Ltd. may spur more takeovers of Australian producers of coal-bed gas, a growing source of supply for Asian energy importers.


Shell Blog RSS Feed