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Royal Dutch Shell PLC (RDSa.AS)

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Latest Key Developments (Source: Significant Developments)

Shell says Catherine Hughes appointed member of remuneration committee
7:28am EDT 

July 27 (Reuters) - Royal Dutch Shell Plc :CATHERINE HUGHES, A NON-EXECUTIVE DIRECTOR OF COMPANY, HAS BEEN APPOINTED A MEMBER OF REMUNERATION COMMITTEE WITH EFFECT FROM JULY 26, 2017.  Full Article

Shell willing to co-invest in Qatar expansion projects -CEO
5:26am EDT 

July 27 (Reuters) - Royal Dutch Shell Plc :Shell CEO van Beurden says UK, France announcement on diesel, gasoline engines ban 'very welcome'.Shell CEO van Beurden says oil consumption to peak somewhere in early 2030s.Shell CEO van Beurden says sees new energies as material new business in medium to long-term future.Shell CEO van Beurden says we are fulfilling all financial commitments for development of nord stream 2.Shell CEO van Beurden says company "getting fit" for oil prices of $40/bbl.Shell CEO van Beurden says willing to co-invest in qatar lng expansion projects, still early days.  Full Article

No operational issues in Qatar at the moment - Shell CEO
5:12am EDT 

July 27 (Reuters) - Royal Dutch Shell Plc :Shell CEO says doesn't see operational issues in Qatar at the moment.  Full Article

Shell reports Q2 basic CCS earnings per share of 23 cents
2:00am EDT 

July 27 (Reuters) - SHELL ::Q3 ‍INTEGRATED GAS PRODUCTION VOLUMES ARE EXPECTED TO BE POSITIVELY IMPACTED BY SOME 60 THOUSAND BOE/D​.Q2 CCS EARNINGS ATTRIBUTABLE TO SHAREHOLDERS $1,920 MILLION VERSUS $239 MILLION YEAR AGO.Q2 CCS EARNINGS ATTRIBUTABLE EXCLUDING IDENTIFIED ITEMS $3,604 MILLION VERSUS $1,045 MILLION YEAR AGO.‍Q3 UPSTREAM EARNINGS EXPECTED TO BE NEGATIVELY IMPACTED BY A REDUCTION OF SOME 190 THOUSAND BOE/D ASSOCIATED WITH COMPLETED DIVESTMENTS​.Q2 BASIC CCS EARNINGS PER SHARE OF $0.23.Q2 BASIC CCS EARNINGS PER SHARE EXCLUDING IDENTIFIED ITEMS OF $0.44.Q2 DIVIDEND PER SHARE $0.47.Q2 CASH FLOW FROM OPERATING ACTIVITIES $11,285 MILLION VERSUS $2,292 MILLION YEAR AGO.‍‍Q3 UPSTREAM EARNINGS EXPECTED TO BE NEGATIVELY IMPACTED BY SOME 40 THOUSAND BOE/D ASSOCIATED WITH IMPACT OF LOWER PRODUCTION AT NAM IN NETHERLANDS​.Q2 UPSTREAM CCS EARNINGS EXCLUDING IDENTIFIED ITEMS $339 MILLION VERSUS LOSS OF $1,325 MILLION.‍‍Q3 UPSTREAM EARNINGS EXPECTED TO BE NEGATIVELY IMPACTED BY SOME 30 THOUSAND BOE/D ASSOCIATED WITH HIGHER MAINTENANCE​.UPSTREAM DIVESTMENTS COMPLETED DURING QUARTER TOTALLED $8,084 MILLION AND INCLUDED SALE OF SHELL'S OIL SANDS AND IN-SITU INTERESTS IN CANADA.Q2 DOWNSTREAM CCS EARNINGS EXCLUDING IDENTIFIED ITEMS $2,529 MILLION VERSUS $1,816 MILLION.Q2 CCS EARNINGS, EXCLUDING IDENTIFIED ITEMS, ESTIMATE OF $3.15 BILLION - COMPANY COMPILED ESTIMATES.DOWNSTREAM DIVESTMENTS COMPLETED DURING QUARTER TOTALLED $1,348 MILLION.  Full Article

Shell reports leak at Deer Park, Texas facility
Tuesday, 25 Jul 2017 09:42am EDT 

July 25 (Reuters) - Royal Dutch Shell ::Shell reports a leak was identified onsite at Deer Park, Texas facility .Shell Deer Park, Texas facility reports it's taking necessary actions to minimize impact to environment and does not anticipate any impact to the surrounding community.  Full Article

Royal Dutch Shell says to divest Upstream interests in Ireland for up to $1.23 bln
Wednesday, 12 Jul 2017 05:18am EDT 

July 12 (Reuters) - Royal Dutch Shell Plc : :Through Shell Overseas Holdings reached agreement with Canada Pension Plan Investment Board unit to sell shares in Shell E&P Ireland.Deal to sell shares in Shell E&P Ireland Limited, that holds 45% interest in Corrib Gas Venture for up to $1.23 billion.Transaction includes initial consideration of $947m and additional payments of up to $285m between 2018-2025, subject to gas price and production‍​.Deal , which represents Shell’s exit from upstream business in Ireland, is expected to complete in Q2 2018.CPPIB will be the new Corrib Gas JV partner and Vermilion will become the new operator of the Corrib Gas venture.Deal to result in an impairment charge of around US$350m, which will be taken in Q2, 2017.At completion, a negative non-cash cumulative currency translation difference of around US$400m will be released.Shell will retain presence in Ireland through Aviation JV, Shell and Topaz Aviation Ireland Limited based near Dublin airport.  Full Article

Canada Pension Plan Investment Board, Vermilion Energy enters into partnership in Corrib
Wednesday, 12 Jul 2017 05:00am EDT 

July 12 (Reuters) - Vermilion Energy Inc -:Canada Pension Plan Investment Board and Vermilion Energy Inc. announce strategic partnership in Corrib.Vermilion Energy Inc - deal for ‍total cash consideration of eur 830 million​.Vermilion Energy Inc - ‍following transfer to vermilion, cppib would hold a 43.5% non-operated interest​.Vermilion Energy Inc says vermilion expects acquisition to be accretive for all pertinent per share metrics including production.Vermilion Energy Inc - ‍following transfer to vermilion, vermilion would hold a 20% operated interest in corrib​.Vermilion Energy Inc - ‍following transfer to vermilion, statoil asa would continue to hold a 36.5 percent non-operated interest in corrib​.Vermilion Energy Inc says acquisition would significantly increase vermilion's degree of operating control of its asset base.Vermilion Energy Inc - ‍cppib will acquire shell exploration company b.v.'s 45% interest in corrib natural gas field in ireland​.vermilion-‍following assumption of operatorship of corrib, co estimates that it will operate 87 percent of its production base as compared to 72 percent currently​.Vermilion Energy Inc - ‍vermilion will operate corrib natural gas field assets after completion of acquisition​.  Full Article

Shell's floating liquefied natural gas facility leaves South Korea shipyard
Thursday, 29 Jun 2017 06:23am EDT 

June 29 (Reuters) - Shell :Shell's prelude floating liquefied natural gas facility left Samsung Heavy Industries shipyard in Geoje, South Korea this morning.Cash flow from project is expected in 2018.  Full Article

Lundin sells 39 pct in Brynhild field offshore Norway to CapeOmega
Wednesday, 28 Jun 2017 02:23am EDT 

June 28 (Reuters) - Lundin Petroleum Ab ::Brynhild transaction between Lundin Norway and Capeomega.Has entered into a sales and purchase agreement with Capeomega as to divest a 39 percent working interest in Brynhild field in PL148 in the Norwegian North Sea.Lundin Norway will retain operatorship and following transaction will have a 51 percent working interest in Brynhild field, a subsea tie-back oil field to the Shell<<>> operated Pierce field on the UK Continental Shelf.Transaction involves a consideration of nok 774 million, including historic tax and uplift balances and effective date of transaction is 1 January 2017.Existing partner CapeOmega will increase its working interest in the Brynhild field from 10 to 49 percent.  Full Article

Shell gets development, licensing rights for SBI BioEnergy biofuel technology
Tuesday, 27 Jun 2017 03:40pm EDT 

June 27 (Reuters) - Shell Canada Limited::Says Royal Dutch Shell and SBI BioEnergy reached agreement granting Shell development, licensing rights for SBI's biofuel technology.  Full Article

BRIEF-Shell says Catherine Hughes appointed member of remuneration committee

* CATHERINE HUGHES, A NON-EXECUTIVE DIRECTOR OF COMPANY, HAS BEEN APPOINTED A MEMBER OF REMUNERATION COMMITTEE WITH EFFECT FROM JULY 26, 2017 Source text for Eikon: Further company coverage: