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Royal Dutch Shell PLC (RDSa.AS)

RDSa.AS on Amsterdam Stock Exchange

23.25EUR
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

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

Moody's changes outlook on Royal Dutch Shell's AA2 ratings to stable from negative
Thursday, 8 Jun 2017 08:03am EDT 

June 8 (Reuters) - Moody's::Moody's changes outlook on Royal Dutch shell's AA2 ratings to stable from negative; affirms ratings.Moody's-Stabilized outlook on shell's AA2 rating on expectations that financial profile will improve into 2019 on ongoing earnings and cash flow recovery.Moody's- change in outlook to stable anticipates shell's leverage position will steadily improve in 2017-19.  Full Article

Shell says completes sale of Australian aviation business for $250 mln
Wednesday, 31 May 2017 02:00am EDT 

May 31 (Reuters) - Shell :Has completed sale of its Australian Aviation Business to Viva Energy Australia for a total transaction value of approximately $250 million.  Full Article

British Columbia premier Clark says it seems likely her government will fall at first vote of confidence
Tuesday, 30 May 2017 04:51pm EDT 

May 30 (Reuters) - :British Columbia premier Clark says will test the confidence of the legislature in very short order.British Columbia premier Clark says if there is going to be transfer of power, as it seems it will be, shouldn't be done behind closed doors.British Columbia premier Clark says it seems likely her government will fall at first vote of confidence.  Full Article

Shell shareholders reject emissions target proposal
Tuesday, 23 May 2017 09:24am EDT 

May 23 (Reuters) - Shell ::Resolutions 1-20 were carried and resolution 21 (shareholder resolution) was not carried.Says 93.20 percent voted for approval of director's remuneration report.Says 93.66 percent voted against resolution 21, under which co requested to set, publish targets to cut GHG emissions, aligned with goal of Paris climate deal.  Full Article

Shell CFO says company could raise divestments beyond $30 bln by 2018
Tuesday, 23 May 2017 07:08am EDT 

May 23 (Reuters) - Royal Dutch Shell Plc :Shell CFO Uhl says company looking at more than $40 billion worth of divestments, could raise target beyond $30 billion by 2018 if needed.  Full Article

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Deals set bullish tone as Peru export halt tightens market

LONDON/SINGAPORE Asian spot LNG prices stepped higher this week, shrugging off months of weakness, as Royal Dutch Shell replaced lost output from its Peru plant via spot markets and as a flurry of higher-priced deals surprised traders.