LCSO seeks information on missing 77-year-old kayakerTim Tebow speaks at the annual Southwest Florida Community Prayer Breakfast
BONITA SPRINGS LCSO seeks information on missing 77-year-old kayaker LCSO seeks information on a missing kayaker after responding to a call about a missing kayak off the coast of Bonita Beach.
FORT MYERS Tim Tebow speaks at the annual Southwest Florida Community Prayer Breakfast Former Heisman Trophy winner Tim Tebow took the stage at Hammond Stadium for the annual Southwest Florida Community Prayer Breakfast.
FORT MYERS Fort Myers City Council to provide update on Fowler Street construction project The Fort Myers City Council is set to provide an update on the progress of the Fowler Street intersection project.
the weather authority Hot and humid Thursday before evening isolated storms impact coastal communities The Weather Authority is tracking a humid Thursday morning with high afternoon temperatures and evening coastal isolated storms.
Jacksonville Gov. DeSantis to hold a news conference in Jacksonville Florida Gov. Ron DeSantis is set to hold a news conference in Jacksonville.
FORT MYERS BEACH Sea turtle nesting season begins in Fort Myers Beach Sea turtle nesting season has officially begun, and the FWC wants to remind visitors about the fragility of the young reptiles.
BAREFOOT LAKE Neighbors react to chaos at Barefoot Lake Imagine being scared to leave your home on the weekends. Ana and Anrik understand the feeling all too well.
CAPE CORAL The story of Ollie’s Pub and what kept it open through years of hardships Before Ollie’s housed weekly events, packed to the brim with artwork and home to many, it was a simple dream and an empty space.
Most Wanted Wednesday: Southwest Florida’s most wanted suspects for May 1, 2024 Here are some of Southwest Florida’s most wanted suspects for May 1, 2024.
FORT MYERS BEACH Remembering Fort Myers Beach ‘Mayor’ Brad Benson To know Brad Benson was to know a legend. He recently passed away at the age of 71 after battling health issues.
CAPE CORAL Proposed Cape Coral City Council meeting time change fails In a 4 to 4 vote, the motion to move Cape Coral meeting times from 4:30 to 9 a.m. failed.
Greater Dunbar initiative begins A duplex that has been around since the 1960s and is filled with generations of memories is being demolished.
Caught on camera: funnel clouds, hail and more during thunderstorm Wednesday’s thunderstorms storms have produced hail and funnel clouds.
SOUTHWEST FLORIDA New mammography guidelines Breast cancer is much easier to treat when it’s caught early.
CAPE CORAL Cape Coral church picking up the pieces after massive fire Calvary Connection ministries is unrecognizable after a massive fire swept through a Cape Coral Complex on Monday.
BONITA SPRINGS LCSO seeks information on missing 77-year-old kayaker LCSO seeks information on a missing kayaker after responding to a call about a missing kayak off the coast of Bonita Beach.
FORT MYERS Tim Tebow speaks at the annual Southwest Florida Community Prayer Breakfast Former Heisman Trophy winner Tim Tebow took the stage at Hammond Stadium for the annual Southwest Florida Community Prayer Breakfast.
FORT MYERS Fort Myers City Council to provide update on Fowler Street construction project The Fort Myers City Council is set to provide an update on the progress of the Fowler Street intersection project.
the weather authority Hot and humid Thursday before evening isolated storms impact coastal communities The Weather Authority is tracking a humid Thursday morning with high afternoon temperatures and evening coastal isolated storms.
Jacksonville Gov. DeSantis to hold a news conference in Jacksonville Florida Gov. Ron DeSantis is set to hold a news conference in Jacksonville.
FORT MYERS BEACH Sea turtle nesting season begins in Fort Myers Beach Sea turtle nesting season has officially begun, and the FWC wants to remind visitors about the fragility of the young reptiles.
BAREFOOT LAKE Neighbors react to chaos at Barefoot Lake Imagine being scared to leave your home on the weekends. Ana and Anrik understand the feeling all too well.
CAPE CORAL The story of Ollie’s Pub and what kept it open through years of hardships Before Ollie’s housed weekly events, packed to the brim with artwork and home to many, it was a simple dream and an empty space.
Most Wanted Wednesday: Southwest Florida’s most wanted suspects for May 1, 2024 Here are some of Southwest Florida’s most wanted suspects for May 1, 2024.
FORT MYERS BEACH Remembering Fort Myers Beach ‘Mayor’ Brad Benson To know Brad Benson was to know a legend. He recently passed away at the age of 71 after battling health issues.
CAPE CORAL Proposed Cape Coral City Council meeting time change fails In a 4 to 4 vote, the motion to move Cape Coral meeting times from 4:30 to 9 a.m. failed.
Greater Dunbar initiative begins A duplex that has been around since the 1960s and is filled with generations of memories is being demolished.
Caught on camera: funnel clouds, hail and more during thunderstorm Wednesday’s thunderstorms storms have produced hail and funnel clouds.
SOUTHWEST FLORIDA New mammography guidelines Breast cancer is much easier to treat when it’s caught early.
CAPE CORAL Cape Coral church picking up the pieces after massive fire Calvary Connection ministries is unrecognizable after a massive fire swept through a Cape Coral Complex on Monday.
MGN LONDON (AP) – Oil and gas company Shell has agreed to buy British rival BG Group for 47 billion pounds ($69.7 billion), in a deal that may signal a new wave of mega-mergers as the energy industry tries to adapt to lower prices. Royal Dutch Shell said Wednesday it will pay the equivalent of 13.67 pounds in cash and stock for each share of BG Group, 50 percent more than Tuesday’s closing price. The deal will boost Shell’s oil and gas reserves by 25 percent, including offshore projects in Australia and Brazil, and give it a bigger presence in the fast-growing liquefied natural gas market, Shell said. Other energy giants may follow suit as they look to boost growth through acquisitions after increased production in the U.S. helped trigger a plunge in oil prices. The last wave of oil mergers took place in the 1990s after new production from the North Sea, Alaska and Mexico led to excess global capacity and companies linked up to protect themselves, or bought weaker rivals at lower prices. “Will this be the opening shot in a new wave of mega-mergers like the 1990s?” asked Christian Stadler, associate professor of strategic management at Warwick Business School in Britain. “Quite a few oil companies are under cost pressure with no sense of the oil price recovering. Companies had got used to $100 a barrel, and many need $40 to $60 to break even so we could see more of these deals.” The international price of crude oil has plunged from over $115 a barrel last summer to a low around $45 before recovering somewhat in recent weeks to trade at $58 a barrel on Wednesday. Global natural gas prices have also dropped, because most of the natural gas traded internationally is linked to the price of oil. Analysts at Wood Mackenzie say low prices have prompted most major oil companies to weigh acquisitions, though only a few have the size and resources to pull off a mega-merger. “If you’re looking to the next big deal, ExxonMobil stands out as most likely to pull the trigger,” they wrote in a research note. Exxon made the last giant oil and gas acquisition when it agreed to buy the U.S. shale driller XTO Energy for $31 billion in 2009. The takeover of BG Group allows Shell to replace reserves at a time when exploration budgets are being cut and after its attempts to join the U.S. shale boom did not amount to much, Stadler said. Wood Mackenzie said BG’s large position in the deep waters off of Brazil were likely the most attractive target for Shell. “It’s all about the deepwater oil,” analysts wrote. The merger also combines the two largest investor-owned sellers of liquefied natural gas in the world. As new projects come on line in the coming years, the combined company will become the world’s biggest seller of liquefied natural gas by 2018, Wood Mackenzie said. The boards of both companies recommended that shareholders approve the deal, which they say will create a more competitive, stronger company amid the volatility in oil prices. Shareholders seemed to think that Shell did not get much of a discount for BG, however, despite the low oil and gas prices. Shares in Shell were down about 7 percent Wednesday while those in BG Group soared 32 percent. BG shareholders will own about 19 percent of Shell after the deal is complete. Combining the two companies will produce savings of about 2.5 billion pounds a year, Shell said. “This an incredibly exciting moment for Shell,” Chief Executive Ben van Beurden told reporters. “It is bold and strategic moves that shape our industry.” BG’s Norwegian CEO Helge Lund was conspicuously absent from Wednesday’s press conference. Organizers said he remained at BG headquarters in Reading – a two-hour drive from London – to handle internal communication with the company’s workforce. He will stay with BG only until the deal is completed. He said in a statement that BG would benefit from the takeover. “BG’s deep water positions and strengths in exploration, liquefaction, and LNG shipping and marketing will combine well with Shell’s scale, development expertise and financial strength,” he said.