Royal Dutch Shell PLC (RDSa.AS) Key Developments | Reuters.com
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Royal Dutch Shell PLC (RDSa.AS)

RDSa.AS on Amsterdam Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Shell says will work with UK government and European bodies on any implications on co
Friday, 24 Jun 2016 03:07am EDT 

Royal Dutch Shell Plc : "We respect decision of majority of British people who voted to elect to leave" . "We will work with UK government and European institutions on any implications for us" . "Our priority is to continue providing reliable, affordable energy to our customers in Europe and UK." Further company coverage: [RDSa.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Shell says Deer Park, Texas refinery experienced unit upset
Tuesday, 21 Jun 2016 05:08pm EDT 

Royal Dutch Shell : Shell says Deer Park, Texas experienced an operational upset on a unit on refinery side of complex . Shell did not identify the unit involved in the incident . Earlier, energy intelligence provider Genscape reported that a gasoline-making fluid catalytic cracking unit was shut at the refinery Related story: Shell Deer Park JV refinery FCCU shut for repairs -sources [nL1N19D1DV] Refinery capacity: 316,600 barrels per day (Reporting By Nallur Sethuraman in Bengaluru) ((Sethuraman.NR@thomsonreuters.com; (Within U.S. 1-651-848-5832, Outside U.S. +91 8067496031); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net)).  Full Article

Groningen gas field production may be reduced to 25bcm - media
Wednesday, 15 Jun 2016 03:22am EDT 

:. Production cap at massive Dutch Groningen gas field could be lowered to 25 bcm, down from the current 27 bcm, newspaper De Telegraaf reports, citing unnamed sources .. Field operator NAM, a joint venture of Shell and Exxon Mobil , has proposed setting production at 27 bcm, with a maximum of 33 bcm during cold winters .. Dutch gas production has been reduced drastically from a peak of more than 54 bcm due to earthquakes linked to gas extraction in the northern province .. Parliament has called for production to be reduced as far as possible, but gas income has been a long-time source of income for the state .. In December the government set production at 27 bcm, in compliance with a Dutch Council of State court ruling [L8N1472WC] (Reporting by Anthony Deutsch; editing by Adrian Croft) ((anthony.deutsch@thomsonreuters.com; +31205045003;)).  Full Article

JPMorgan Chase, Shell sign multi-year agreement to accept Chase pay
Thursday, 9 Jun 2016 09:05am EDT 

JPMorgan Chase : signs Shell to multi year agreement with shell to accept chase pay at its stations across u.s. .Year agreement to accept chase pay.  Full Article

Shell Chemical Appalachia to build petrochemicals complex
Tuesday, 7 Jun 2016 06:00am EDT 

Royal Dutch Shell PLC : Shell Chemical Appalachia Llc says has taken final investment decision to build a major petrochemicals complex near Pittsburgh, Pennsylvania .Shell Chemical Appalachia says main construction will start in about 18 months, with commercial production expected to begin early in next decade.  Full Article

Shell CEO says can reduce capex below $25 bln a year if oil price remains weak
Tuesday, 7 Jun 2016 05:55am EDT 

: Shell CEO says if oil prices remain below $50/bl can cut capex below $25 billion/year . Shell CEO says thinks LNG market will remain oversupplied until early 2020s . Shell CEO says not considering leaving Nigeria; reaffirms lng, deepwater positions in country Further company coverage: [RDSa.L] (London Equities Newsroom) ((+44 20 7542 7717;)).  Full Article

Shell CFO says expects oil prices in mid-$60s in 2018
Tuesday, 7 Jun 2016 05:06am EDT 

: Shell CFO says aims to spend $2.5 bln per year on exploration in 2016-2018 . Shell CFO says expects low $40s oil price in 2016, $50 in 2017, mid-$60s in 2018 Further company coverage: [RDSa.L] (London Equities Newsroom) ((+44 20 7542 7717;)).  Full Article

Shell CEO says BG assets $10 bln more valuable than expected
Tuesday, 7 Jun 2016 04:47am EDT 

Royal Dutch Shell Plc : Shell ceo says sees $10 billion more value in bg acquisition than price paid for company Further company coverage: [RDSa.L] (London Equities Newsroom) ((+44 20 7542 7717;)).  Full Article

Royal Dutch Shell updates BG deal synergies target to $4.5 bln in 2018
Tuesday, 7 Jun 2016 02:13am EDT 

Royal Dutch Shell : Royal Dutch Shell: capital markets day 2016: re-shaping shell . Setting out an agenda for 2020 and beyond: grow free cash flow per share and returns . BG synergies target updated: expectation to deliver $4.5 billion in 2018 . Go ahead given for new pennsylvania chemicals development. Chemicals and deep water are now shell's growth priorities . Potential for $20-25 billion organic free cash flow and 10% roace around end of decade, in a $60 oil price environment . We expect to see robust demand for oil and gas for decades to come, in a global energy system in a long-term transition to lower carbon fuels . Announcing an increase in expected deal-related synergies, from $3.5 billion set out in prospectus, to $4.5 billion on a pre-tax basis in 2018, an increase of some 30% . Expect to achieve and exceed $3.5 billion synergies prospectus commitment earlier than expected, in 2017, when synergies should be $4 billion . Our other deal-related financial commitments to shareholders in form of asset sales, debt reduction, and dividends, followed by share buy-backs, are unchanged . In chemicals, company already has brownfield growth projects underway on us gulf coast and in china . Integrated gas, which was previously a growth priority for shell, has reached critical mass following bg acquisition and planned growth in liquefied natural gas (lng), particularly in australia.  Full Article

Shell expects no impact on offshore assets from tropical storm Colin
Monday, 6 Jun 2016 01:10am EDT 

Royal Dutch Shell : Shell says based on current forecasts no impact expected at its offshore assets due to tropical storm Colin . Shell says will continue to monitor the situation and will make decisions accordingly Related Story: Tropical Storm Colin threatens Florida, southeastern U.S. [nL1N18X0HH] (Reporting by Vijaykumar Vedala in Bengaluru) ((vijaykumar.vedala@thomsonreuters.com; +91-80-6749-6421 / 1298 (If within U.S. call 651-848-5832); Reuters Messaging: vijaykumar.vedala.thomsonreuters.com@reuters.net)) Keywords: STORM COLIN/SHELL.  Full Article