Key Developments: Royal Dutch Shell PLC (RDSb.N)
69.97USD
22 May 2013
$-0.91 (-1.28%)
$70.88
$70.69
$71.06
$69.88
445,041
228,988
$76.09
$63.06
Latest Key Developments (Source: Significant Developments)
Royal Dutch Shell PLC Sells Retail And Commercial Activities In Egypt To Total SA-DJ
Dow Jones reported that Royal Dutch Shell PLC is to sell its retail and commercial activities in Egypt, Shell Marketing Egypt, to Total SA. Financial terms of the transaction are not disclosed. The lubricants division is not part of Shell Marketing Egypt's sale. Full Article
Ithaca Energy Inc Announces Execution of Farm-Out Transaction with Royal Dutch Shell PLC's Shell UK Limited
Ithaca Energy Inc announced the execution of a farm-out transaction with Royal Dutch Shell PLC's Shell UK Limited (Shell) in respect of the UK exploration assets acquired pursuant to the acquisition of Valiant Petroleum plc (Valiant), completed on April 19, 2013 (the Acquisition). The Company has now reduced its exposure to all remaining firm UK exploration well expenditure commitments transferred as part of the Acquisition. Full Article
Oil and Natural Gas Corporation Ltd, Royal Dutch Shell Plc May Enter Into A JV To Bid For Overseas Assets-The Economic Times
The Economic Times reported that Oil and Natural Gas Corporation Ltd and Royal Dutch Shell Plc are exploring the possibility of a strategic tie-up to jointly bid for global oil and gas assets, following up on their discussions for a partnership in India's upstream and downstream sectors, company sources said. ONGC has been actively looking for partnerships with international firms. Since last year, it has signed memoranda of understanding with ConocoPhillips — for cooperation in shale gas and deepwater exploration in eastern India — and with Inpex Corp, Japan's oil company, for strategic partnership in exploration of hydrocarbons in the KG Basin. Last month, both Shell and ONGC had said they are keen to come together to explore both upstream and downstream opportunities domestically. This has not been finalised. Full Article
Royal Dutch Shell PLC Announces Chief Executive Officer Mr. Peter Voser to Retire in 2014
Royal Dutch Shell PLC announced that the Board of Royal Dutch Shell on May 2, 2013 announced that Mr. Peter Voser, as Chief Executive Officer (CEO), has elected to retire from the Company in the first half of 2014. Mr. Peter Voser was appointed CEO with effect from July 2009 and has been an Executive Director since 2004. Full Article
Royal Dutch Shell PLC Announces FY 2013 Q1 Dividend Payment
Royal Dutch Shell PLC announced that its Board of Directors agreed on an interim dividend in respect of the first quarter of 2013 of US 0.45 per A ordinary share and B ordinary share, an increase of US 0.02 on the equivalent US dollar dividend for the same quarter in the fiscal year 2012. Full Article
Abu Dhabi National Oil Company Selects Royal Dutch Shell PLC To Develop Bab Sour Gas Project In Abu Dhabi
Royal Dutch Shell PLC announced that it has been chosen by the Abu Dhabi National Oil Company (ADNOC) to participate in a 30-year joint venture (JV) to develop the Bab sour gas reservoirs in the Emirate of Abu Dhabi. The Company will hold a 40% equity stake in the JV, with ADNOC holding 60%. The two companies will enter a period of commercial and technical work leading to the development of the Bab sour gas reservoirs, which are 150 kilometers south-west of the city of Abu Dhabi. It is intended that the JV will be the operator, and that the gas will supply the local market in the United Arab Emirates. Full Article
Royal Dutch Shell PLC Lifts Force Majeure On Gas Supplies To Nigeria LNG-Reuters
Reuters reported that Royal Dutch Shell PLC has lifted a force majeure on gas supplies to the country's 22 million tonne-a-year liquefied natural gas (NLNG) export terminal. The renewal of gas supplies came a day after the Company declared force majeure on Nigeria's benchmark Bonny Light crude exports, while it tries to fix dozens of places where the Nembe Creek trunkline has been hacked into by thieves. Full Article
Royal Dutch Shell PLC Declares Force Majeure On Nigerian Bonny Light Crude Oil Exports-DJ
Dow Jones reported that Royal Dutch Shell PLC has declared force majeure on Nigerian Bonny Light crude oil exports after shutting down the 150,000 barrel per day Nembe Creek pipeline for repairs. The Company replaced the Nembe trunkline in 2010 at a cost of USD 1.1 billion but it has since been regularly targeted by thieves who break into the pipeline and siphon off oil. Full Article
Royal Dutch Shell PLC Plans to Sell Its Shares in Ceska Rafinerska-Reuters
Reuters reported that Royal Dutch Shell PLC has offered to sell its minority stake in the Czech refineries. The Czech government will consider this offer. The Minister of Trade and Industry of the Czech Republic said that purchase of 16.33% stake in Ceska Rafinerska would make sense only within a broader consolidation of assets in the oil sector, including pipeline operators and therefore he plans to propose the consolidation plan to the Czech Government. Full Article
Royal Dutch Shell PLC Mulls Sale Of Selected Downstream Businesses In Italy-DJ
Dow Jones reported that Royal Dutch Shell PLC is considering the sale of its retail, aviation and supply and distribution downstream businesses in Italy. The potential sale builds on Shell's strategy to concentrate its global downstream businesses where it can be most competitive. Shell's non-service station lubricants and marine businesses aren't part of this announcement. This announcement also has no impact on the upstream, or exploration and production, and gas and power businesses in Italy. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
