Shell Southern North Sea Contract 2012
I used to work in another Oil and Gas industry on contract to Shell, the same applies there, they talk safety but don't follow though, I could give 10's of examples but my time is limited
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Shell is still doing well:
Royal Dutch Shell to buy BG Group in £47bn deal - BBC News
Royal Dutch Shell flag
Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at £47bn.
The two firms say they have reached agreement on a cash and shares offer which gives investors a 50% premium on BG Group's share price on 7 April.
The deal could be one of the biggest of 2015 and could produce a company with a value of more than £200bn ($296bn).
BG Group's shares opened up 42% on the London Stock Exchange to 1,293.5p.
Shell's £177bn market capitalisation dwarfs that of BG, which now stands at £31bn after a 20% fall in its share price over the past year.
BG Group is the UK's third largest energy company. It was created in 1997 when British Gas demerged into two separate companies: BG Group and Centrica.
BG Group took control of exploration and production while Centrica took charge of the UK retail business of the former British Gas. BG currently employs about 5,200 people in 24 countries.
Shell said BG Group shareholders would enjoy higher dividends, as it confirmed its intention to pay its existing shareholders $1.88 per ordinary share this year.
That compares with a dividend of just $0.14 that BG Group shareholders can expect to receive this year.
The oil giant also said it expected to commence a share buyback programme in 2017 of at least $25bn.
And Shell said it would also provide BG Group shareholders with a "mix and match facility", allowing them to vary how much they receive in cash and new Shell shares.
Shell and BG Group expect to make annual savings of $2.5bn following the deal.
But Shell chief executive Ben van Beurden said he remained committed to North Sea oil and expected to invest £4bn between 2016 and 2018.
Shell said the deal would also add 25% to its proven oil and gas reserves and 20% to production capacity, particularly in Australia's liquid natural gas (LNG) market and in deep water oil exploration off the Brazilian coast.
BG Group shareholders will own approximately 19% of the combined group following the deal.
Defensive merger?
The deal comes at a time of uncertainty for oil and gas companies. In the past six months the price of oil has fallen by about 50%. Meanwhile, analysts have warned that investment in North Sea oil exploration has all but dried up, threatening the entire industry.
Last month, the Chancellor, George Osborne, lowered the supplementary corporation tax levied against oil companies that operate in the North Sea.
Royal Dutch Shell to buy BG Group in £47bn deal - BBC News
Royal Dutch Shell flag
Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at £47bn.
The two firms say they have reached agreement on a cash and shares offer which gives investors a 50% premium on BG Group's share price on 7 April.
The deal could be one of the biggest of 2015 and could produce a company with a value of more than £200bn ($296bn).
BG Group's shares opened up 42% on the London Stock Exchange to 1,293.5p.
Shell's £177bn market capitalisation dwarfs that of BG, which now stands at £31bn after a 20% fall in its share price over the past year.
BG Group is the UK's third largest energy company. It was created in 1997 when British Gas demerged into two separate companies: BG Group and Centrica.
BG Group took control of exploration and production while Centrica took charge of the UK retail business of the former British Gas. BG currently employs about 5,200 people in 24 countries.
Shell said BG Group shareholders would enjoy higher dividends, as it confirmed its intention to pay its existing shareholders $1.88 per ordinary share this year.
That compares with a dividend of just $0.14 that BG Group shareholders can expect to receive this year.
The oil giant also said it expected to commence a share buyback programme in 2017 of at least $25bn.
And Shell said it would also provide BG Group shareholders with a "mix and match facility", allowing them to vary how much they receive in cash and new Shell shares.
Shell and BG Group expect to make annual savings of $2.5bn following the deal.
But Shell chief executive Ben van Beurden said he remained committed to North Sea oil and expected to invest £4bn between 2016 and 2018.
Shell said the deal would also add 25% to its proven oil and gas reserves and 20% to production capacity, particularly in Australia's liquid natural gas (LNG) market and in deep water oil exploration off the Brazilian coast.
BG Group shareholders will own approximately 19% of the combined group following the deal.
Defensive merger?
The deal comes at a time of uncertainty for oil and gas companies. In the past six months the price of oil has fallen by about 50%. Meanwhile, analysts have warned that investment in North Sea oil exploration has all but dried up, threatening the entire industry.
Last month, the Chancellor, George Osborne, lowered the supplementary corporation tax levied against oil companies that operate in the North Sea.
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CHC wins contract Shell
Undoubtly CHC takes over the 5 year DanCopter contract (2 yrs remaining) so to upgrade their fleet from 155 to 139's. The DanCopter management stays silent about it actually lieing to their workers they still have contract and nothing changes... This might be true at the moment but what happens on 1st of july???
No valuable merging info from NHV, no feedback from DC's management, no signs what so ever of any changes... it feels like a ticking bom. Totally not confident with it here
No valuable merging info from NHV, no feedback from DC's management, no signs what so ever of any changes... it feels like a ticking bom. Totally not confident with it here
Irony is.......
....Shell citing the EC155 Sea State issue and added expense of hiring-in 139s as factor for curtailing contract (plus the fact that CHC were virtually throwing the 139s at them might have helped)
Sea State issue came about due to CAP1145, which came about as a direct result of CHC crashing off Sumburgh......
No wonder they say you have to have a sense of humour in this job ;-)
Only Shell employees have been officially informed, Shell probably delaying formal notification until May so 3-months notice would give them a month's overlap.
Crazy situation to be in but apparently such corporate practice does not occur or at least that was what the oil companies told the CAA
Sea State issue came about due to CAP1145, which came about as a direct result of CHC crashing off Sumburgh......
No wonder they say you have to have a sense of humour in this job ;-)
Only Shell employees have been officially informed, Shell probably delaying formal notification until May so 3-months notice would give them a month's overlap.
Crazy situation to be in but apparently such corporate practice does not occur or at least that was what the oil companies told the CAA
....Shell citing the EC155 Sea State issue and added expense of hiring-in 139s as factor for curtailing contract (plus the fact that CHC were virtually throwing the 139s at them might have helped)
Sea State issue came about due to CAP1145, which came about as a direct result of CHC crashing off Sumburgh......
Fairs fair EESDL - there had also been several Bond incidents; it wasn't just Sumburgh that led to the CAP1145 review. Not arguing your point, but let's have some balance.
Sea State issue came about due to CAP1145, which came about as a direct result of CHC crashing off Sumburgh......
Fairs fair EESDL - there had also been several Bond incidents; it wasn't just Sumburgh that led to the CAP1145 review. Not arguing your point, but let's have some balance.
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I have been reliably informed that a modification to achieve Sea State 6 was certified by Airbus Helicopters in March specifically for DanCopter, so that excuse won't wash.
Real dilemma for CAA: is it better to have an operator they don't oversee replaced by one they do or stand accused of letting just the contract swapsie commercial pressures the Commons Committee were concerned about occur under there nose?
Real dilemma for CAA: is it better to have an operator they don't oversee replaced by one they do or stand accused of letting just the contract swapsie commercial pressures the Commons Committee were concerned about occur under there nose?
Again, not arguing the reasons; but picking one singular event, at the expense of ignoring several others, to support an argument just strikes me as a bit biased.
That's the beauty of Pprune
It is much like a crew room where any such bs can be countered directly - have not personally seen the email - just repeating what it reportedly said by some colleagues who stared at it for quite some time ;-)
Well aware there have been numerous other incidents that finally dragged the CAA into the NS - just sharing some dark humour - such that you might hear in a crew room and certainly never thought anybody would have taken it seriously - you live and learn I guess.....
However - Some encouraging news - the UK CAA can be assured that this particular non-UK EASA AOC holder has an SMS system/culture where atleast all incidents are reported.
And yes, you can read into that anything you like - bearing in mind of course that they employ pilots and engineers whom have probably worked for the same company you currently find yourself working for ;-)
We live in hope but despite the lady - who most certainly falls into the EBG category - is warming her singing chords - Shell might find they are unable to use CHC for some time if current investigations gather momentum. Google knows all.
Well aware there have been numerous other incidents that finally dragged the CAA into the NS - just sharing some dark humour - such that you might hear in a crew room and certainly never thought anybody would have taken it seriously - you live and learn I guess.....
However - Some encouraging news - the UK CAA can be assured that this particular non-UK EASA AOC holder has an SMS system/culture where atleast all incidents are reported.
And yes, you can read into that anything you like - bearing in mind of course that they employ pilots and engineers whom have probably worked for the same company you currently find yourself working for ;-)
We live in hope but despite the lady - who most certainly falls into the EBG category - is warming her singing chords - Shell might find they are unable to use CHC for some time if current investigations gather momentum. Google knows all.
Last edited by EESDL; 14th Apr 2015 at 18:05.
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What is ironic is that Shell had been going to Bond, then changed their minds late in the day after the G-REDW ditching in May 2012:- http://www.bbc.co.uk/news/uk-scotlan...iness-18273824
They then went to CHC who had the near identical G-CHCN ditching October 2012 and then the G-WNSB accident at Sumburgh in August 2013.
As Shell never liked North Denes, does that mean CHC would be flying from Norwich in the UK sector? (which would mean a different operator, flying a different type to the Shell decks and a new operating base for the operator)
They then went to CHC who had the near identical G-CHCN ditching October 2012 and then the G-WNSB accident at Sumburgh in August 2013.
As Shell never liked North Denes, does that mean CHC would be flying from Norwich in the UK sector? (which would mean a different operator, flying a different type to the Shell decks and a new operating base for the operator)
What is ironic is that Shell had been going to Bond, then changed their minds late in the day after the G-REDW ditching in May 2012:- Shell drops Bond Helicopters contract plans - BBC News
Yes.
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That's a different Shell contract. That news report refers to the NNS contract, not SNS.
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If you want to limit the thread to the "Shell Southern North Sea Contract 2012" then almost all of the recent discussion is out because that's about the "Shell Southern North Sea Contract 2015"!
A reasonable person might think that other contemporary Shell North Sea contracts might have some relevance or interest.
A reasonable person might think that other contemporary Shell North Sea contracts might have some relevance or interest.
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