All you dead weight in GOA exploration about to lose your jobs. They’re outsourcing your jobs to Louisiana
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probably it would interfere with the ability to buy back stock and would require shell to respect its new employees
and so we had no chance
@4wx I heard we weren’t willing to make concessions that Harbour was. Probably around the things that first came out, eg retaining staff and the offices. Shell treats people like disposable assets and it finally came back to bite us in the a-s.
Shell got outbid by $1. Yog didn't want to sell to a terrible company like Shell.
Rejoice all ye in GOM exploration - you can continue to drill mediocre prospects
When someone pays billions of dollars for a company, you don’t dictate the terms on where they operate.
The son of GB is a unique imbecile, there wont be a LA office in 2 years or less for LLog
Shell will buy and then destroy another good company with its bureaucracy and then claim the original company ‘wasn’t good’. Bg was also doing fine until shell processes took away its edge.
When management is lazy and has no ideas, exactly like Wael, they start looking for stuff to buy or if they’re even lazier just go for share buy backs.
@OP LAWL!!! if this is true just close up shop for everyone. https://oilprice.com/Energy/Oil-Prices/JP-Morgan-Says-Oil-Prices-Could-Plunge-Into-30s-by-2027.html
I heard it's pronounced YOG
@db why do say the BG acquisition went poorly?
Making this type of bolt on purchase, makes a lot of sense for Shell, to extend out future tiebacks with lower capex the ROI is usually attractive...assuming the wells are reasonably productive.
Making a large purchase like B&G, it's no longer something the company can do and upstream earnings are starting to decline rapidly.
Making a all-in purchase like BP never made sense given how poorly the BG acquisition has gone.
The company that is acquired is the one that gets gutted every time you sweet summer child
Shell is a slow rumbling yet inevitable crushing machine. Anyone leftover from an acquisition will give in and become just as bogged down as the rest of us.
https://www.reuters.com/legal/litigation/us-gulf-producer-llog-exploration-explores-sale-3-billion-valuation-sources-say-2025-10-31/
The family members who inherited supposedly want provisions to keep all staff and keep the Covington office (they also have an office in Houston in city centre).
Bold of you to talk about dead weight while contributing absolutely nothing of value in this post
Always a great way to communicate, insulting people by name calling. Honed your skills as a graduate from a certain now-defunct NY university, I presume.