Thursday, March 22, 2018

Royal Dutch Shell News

Shell, Blackstone in Joint Bid for BHP's Shale Assets

File Image (CREDIT: AdobeStock / (c) Edelweiss)

Royal Dutch Shell Plc and American private equity firm Blackstone Group LP are working on a joint bid for BHP Billiton Plc's U.S. shale assets for $10 billion, Sky News reported. The shale auction is expected to lead to a deal later this year, Sky News said. BHP had put up the U.S. shale assets for sale last year.

Shell Bets on Petrol Stations as Electric Revolution Looms

File Image (CREDIT: AdobeStock / (c) Tomasz Zajda)

Shell to build 10,000 new petrol stations by 2025 with China, India and Mexico as primary growth targets. Royal Dutch Shell is placing a big bet on petrol stations and convenience stores in China, India and Mexico as it looks to shore up profits during the electric car revolution.

Saudi Aramco Signs Preliminary Gas Deal with Shell

Photo: Shell

Saudi Aramco signed a memorandum of understanding (MoU) on Thursday to pursue international gas opportunities with Royal Dutch Shell. That would include developments of gas upstream and liquefaction projects. The MoU signed in London between the two energy companies…

Chrysaor buys North Sea Fields from Spirit Energy

File Image: a typical offshore North Sea installation (Credit: Craig International)

Chrysaor to own 100 pct of Armada, Maria, Seymour oilfields. Chrysaor, which bought a portfolio of Royal Dutch Shell assets last year, said on Thursday it would acquire stakes in three ageing North Sea fields from Spirit Energy. "The acquisition is part of Chrysaor's strategy to prolong asset life…

Vattenfall Wins Dutch 700 MW Offshore Wind Tender

© Dawid S Swierczek / Adobe Stock

Swedish utility Vattenfall has won the right to build a 700 megawatt (MW) subsidy-free wind farm in the Dutch part of the North Sea, the Dutch Ministry of Economic Affairs said on Monday. The Netherlands' government is among the first to offer a so-called zero subsidy tender for wind power…

Shell's Gas Production Could Dwarf Oil By 2050 -CEO

Chief Executive Ben van Beurden (Photo: Shell)

Royal Dutch Shell could boost the share of natural gas production to triple that of oil in order to meet self-imposed goals to halve carbon emissions by 2050, Chief Executive Ben van Beurden said on Wednesday. Shell, the world's top trader of liquefied natural gas…

Shell: LNG Buyers Fail to Leverage 'Buyer's' Market

File Image: A typical LNG carrier in transit in the Med (CREDIT: Robert Murphy)

Royal Dutch Shell, the world's biggest liquefied natural gas (LNG) trader, said on Thursday buyers of the fuel have not taken advantage of a market that favours them and have failed to extract better supply deals. Steve Hill, executive vice president at Shell Energy…

Record U.S. Oil Offshore Lease Sale to Test Trump Energy Push

File Image (CREDIT: AdobeStock / (c) Mike Mareen)

The U.S. Interior Department will hold the largest lease sale in American history in the offshore Gulf of Mexico on Wednesday, in a major test of the oil industry’s appetite for federal acreage being offered by the Trump administration. The auction of more than…

Shell Buyback of Own Shares

Royal Dutch Shell plc announced that on March 13, 2014 it purchased for cancellation 950,000 "B" Shares at a price of 2316.26 pence per share.

U.S. Steel Tariff Could Impact Shell GoM Decisions

An offshore Shell FLNG project. (CREDIT: Shell)

A potential tariff on U.S. steel imports could affect Royal Dutch Shell's plans to go ahead with a major oil field development in the Gulf of Mexico, a company executive said on Wednesday. Wael Sawan, who heads Shell's deepwater operations, said President Donald…

BP Shares Rise, Traders Cite Talk of Bid From Shell

Shares of UK energy major BP rose more than 3 percent Tuesday afternoon, with several traders citing market talk of a takeover bid from rival Royal Dutch Shell. Royal Dutch Shell declined to comment, while BP was unavailable for comment. "BP shares have rallied…

Trump Administration Seeks Swift Action on Alaska Oil Leases

© wizdata / Adobe Stock

The Trump administration is seeking to sell leases in the Arctic National Wildlife Refuge as quickly as possible – drawing fire from opponents of drilling in the sensitive area, who are warning against a rushed process. A top Department of Interior official who…

Chevron Expects LNG Supply Shortage by 2025

File Image: a typical LNG carrier transits the Med in a recent photo (CREDIT: Robert Murphy)

Chevron Corp said on Tuesday it expected supply shortage in the global liquefied natural gas (LNG) market by around 2025, echoing comments made last month by top LNG trader Royal Dutch Shell. Demand for natural gas, which burns cleaner than coal and oil, has surged…

Shell CFO Heads to Rio Tinto

Simon Henry (Photo: Shell)

Royal Dutch Shell's chief financial officer, Simon Henry, will join miner Rio Tinto as non-executive director from July 1 after he leaves the oil major. Henry, who has served as CFO for seven years of his 34 years at Shell, will hand over to Jessica Uhl on March 9 and leave the company on June 30.

Norway's Wealth Fund to Okay BG-Shell Merger

Norway's $790 billion sovereign wealth fund, the world's largest, will vote in favour of the merger of energy companies Royal Dutch Shell and BG , it said on Wednesday. "Norges Bank Investment Management considers that the transaction accelerates value for BG Group…

Peru Resumes LNG Exports after Pipeline Rupture

(File photo: Peru LNG)

Peru has exported its first shipment of liquefied natural gas (LNG) in three weeks after a pipeline rupture in the jungle disrupted production, the state energy agency Perupetro said on Tuesday. The ship Barcelona Knutsen departed Peru for South Korea on Monday with 170…

Royal Dutch Shell Q2 2014 Results 'More Robust' Says CEO

CEO Ben van Beurden: Photo Shell

Royal Dutch Shell informs that its second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the same quarter a year ago. Earnings included an identified net charge of $1.0 billion after tax, mainly…

Ex-Shell CEO Voser Joining Temasek Board

Singapore state investor Temasek Holdings said on Monday that Peter Robert Voser, former chief executive of Royal Dutch Shell, will join its board in January 2015. Voser stepped down as Royal Dutch Shell CEO in December. He is the second high-profile executive…

Shell Sees More 2016 Spending Cut if BG Deal Goes Ahead

Royal Dutch Shell said on Tuesday it planned to cut the 2016 capital spending following its proposed takeover of BG Group by $2 billion to $33 billion. The Anglo-Dutch company expected the $53 billion BG acquisition to be completed by Feb. 15 pending both companies' shareholder approvals in late January.

Shell Buys UK Energy Provider First Utility

Royal Dutch Shell will buy British household energy and broadband provider First Utility, seeking to expand its energy supply business in the residential market, the Anglo-Dutch company said on Thursday. Shell did not disclose any financial details of the deal, which it expects to complete early next year.