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Royal Dutch Shell PLC (RDSa.AS)

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Latest Key Developments (Source: Significant Developments)

Shell completed sale of Vivo stake to Vitol and Helios Investment
Wednesday, 26 Apr 2017 06:45am EDT 

April 26 (Reuters) - Shell ::Completed sale of its 20 pct interest in Vivo Energy Holding B.V. to Vitol Africa B.V. for a total amount of $250 million.Sale was previously announced on Dec. 23, 2016 when shell signed an agreement to divest its interest in this venture.  Full Article

Shell India unit head says co aims to double Hazira LNG plant capacity to 10 mln t/year
Friday, 31 Mar 2017 06:41am EDT 

Royal Dutch Shell Plc : Shell India unit head says aims to double Hazira LNG plant capacity to 10 mln t/ year Further company coverage: [RDSa.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Shell says SPDC shuts down NCTL to remove oil theft point
Friday, 31 Mar 2017 04:58am EDT 

Royal Dutch Shell Plc : 'current exercise aims to remove a significant number of oil theft connections and repair any leaks on pipeline.' -managing director of Shell Petroleum Development Company (SPDC) & Country Chair, Shell Nigeria ."SPDC will work with the security forces during shutdown to clear illegal connections on NCTL" - Managing Director of SPDC & Country Chair, Shell Nigeria.  Full Article

BPCL plans to set up oil trading desk in Singapore with Shell - source
Friday, 31 Mar 2017 02:37am EDT 

: BPCL plans to set up oil trading desk in Singapore with Shell - source Further company coverage: [BPCL.NS][RDSa.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Shell Deer Park site reports oil sheen in Patrick Bayou contained
Wednesday, 29 Mar 2017 04:35pm EDT 

Royal Dutch Shell [RDSa.L]: Shell Deer Park, Texas facility reports an oil sheen was observed in Patrick Bayou from an onsite storm water outfall . Shell reports has contained the oil sheen and is taking steps to mitigate any impact to the environment . Shell reports there is no threat to the community or industry neighbors Source: Community alert line The company operates a 285,500-barrel-per-day (bpd) joint-venture refinery at the Deer Park facility. (Reporting by Apeksha Nair in Bengaluru) ((BLRCEEditorial@thomsonreuters.com)).  Full Article

Nel ASA gets purchase orders from Shell under California framework
Monday, 27 Mar 2017 01:00am EDT 

Nel ASA : RECEIVES PURCHASE ORDERS FROM SHELL UNDER CALIFORNIA FRAMEWORK . PURCHASE ORDERS HAVE A TOTAL VALUE OF JUST OVER 140 MILLION NORWEGIAN CROWNS ($16.56 MILLION) .EXPECTED INSTALLATION DURING 2018, AND START OF EQUIPMENT SHIPMENT DURING SECOND HALF OF 2017.  Full Article

TechnipFMC awarded contract by Shell Offshore Inc
Monday, 27 Mar 2017 01:00am EDT 

Technipfmc Plc : TechnipFMC awarded an integrated project for supply and installation of subsea equipment . Has been awarded a contract by Shell Offshore Inc., a subsidiary of Royal Dutch Shell Plc (Shell) .Contract for delivery, integration, and installation of subsea production system (SPS) and subsea riser, jumper and flowline (SURF) equipment.  Full Article

Shell sells Gabon onshore assets for $587 mln
Friday, 24 Mar 2017 05:12am EDT 

Shell : Shell divests Gabon onshore interests . Reached agreement with Assala Energy Holdings Ltd a portfolio company of Carlyle Group to sell 100 percent of its Gabon onshore interests for $587 million . Purchaser will make additional payments up to a maximum of $150 million depending on production performance and commodity prices . Purchaser will also assume debt of $285 million as part of transaction . Transaction will result in an impairment charge of $53 million post tax which will be taken in Q1 2017 . Sale & purchase agreement is subject to certain conditions which include various approvals, closing is expected in mid-2017 . As a result of sale some 430 local Shell employees will become part of assala energy at completion Further company coverage: [RDSa.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Shell reports hydrotreater shut after leak at Deer Park, Tx plant
Thursday, 16 Mar 2017 05:00pm EDT 

Shell : Shell reports a packing leak developed on a valve in hydrotreater II production area at Deer park, Texas plant ; HT-II was shut down . Shell Deer Park, Texas plant reports the leak was stopped The company operates a 285,500-barrel-per-day (bpd) joint-venture refinery at the Deer Park facility. Related: Shell's Deer Park refinery in Texas resumes ops after leak [nL2N1GT1DI] (Reporting by Nithin Prasad in Bengaluru) ((BLRCEEditorial@thomsonreuters.com;)).  Full Article

Shell divests oil sands for net consideration of $7.25 bln
Thursday, 9 Mar 2017 02:22am EST 

Shell : Royal dutch shell: divests oil sands for net consideration of $7.25 billion . Shell will remain as operator of AOSP's scotford upgrader and quest carbon capture and storage (ccs) project . Combination of these transactions will result in a net consideration of $7.25 billion to shell . to sell to canadian natural resources unit 60 percent interest in AOSP, 100 percent interest in peace river complex in-situ assets . will sell all of its in-situ, undeveloped oil sands interests in canada, reduce share in Athabasca Oil Sands Project from 60 percent to 10 percent . will sell to a subsidiary of Canadian Natural Resources Limited its entire 60 percent interest in AOSP . Will sell to unit of canadian natural resources its 100 percent interest in peace river complex in-situ assets, some undeveloped oil sands leases in alberta . consideration to Shell from canadian natural is approximately $8.5 billion (c$11.1 billion) .Co, Canadian Natural will jointly acquire, own equally Marathon Oil Canada corp from affiliate of Marathon Oil corporation for $1.25 billion each.  Full Article

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