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Royal Dutch Shell PLC (RDSa.AS)

RDSa.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Shell brings changes to Directors remuneration policy
Wednesday, 8 Mar 2017 09:29pm EST 

Royal Dutch Shell Plc : Changes have been made to the directors’ remuneration policy with effect from january 1 2017 . Changes are within the boundaries of the existing policy approved by shareholders at the 2014 agm . Free cash flow replaces earnings per share (EPS) as a measure in the long-term incentive plan (LTIP) of directors . New metrics for greenhouse gas (GHG) management will now form 10% of the annual bonus scorecard . Bonus will be removed from the termination policy for executive directors appointed on or after january 1, 2017 . Subject to shareholder approval, deferred bonus plan will be removed, instead 50% of annual bonus will be delivered in cash, 50% in shares Source (http://go.shell.com/2n1RxjN) Further company coverage: [RDSa.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Amec Foster Wheeler gets 5-yr deal with Shell Global Solutions International
Tuesday, 7 Mar 2017 02:00am EST 

Amec Foster Wheeler Plc : Award of a five-year global enterprise framework agreement (EFA) with Shell Global Solutions International, B.V. . Agreement to provide engineering, procurement and construction management (EPCM) services for its downstream projects worldwide . EFA will run until 2022 Further company coverage: [AMFW.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Shell says has signed agreements on the separation of Motiva
Tuesday, 7 Mar 2017 12:07am EST 

Royal Dutch Shell: Signing of binding definitive agreements on the separation of Motiva . Signing of binding definitive agreements on separation of Motiva . Shell - balancing payment of $2.2 billion has been agreed between parties, subject to adjustments including for working capital . Shell - as a result of transaction no material effect is expected on gearing reported on Shell balance sheet .Shell-Value to be satisfied by combination of SRI assuming more than its 50% share of Motiva's net debt on completion and a cash payment for balance.  Full Article

Saudi Aramco affiliates and Shell announce separation of Motiva assets
Monday, 6 Mar 2017 11:09pm EST 

Saudi Arabian Oil Co : Affiliates of Saudi Aramco and Shell achieve significant milestone toward separation of Motiva assets . Saudi Arabian Oil Co- reached agreements between saudi refining and sopc holdings east on separation of assets, liabilities and businesses of motiva enterprises . Saudi Arabian Oil Co - SRI will assume full ownership of the motiva enterprises llc name and legal entity .Saudi Arabian Oil Co- Shell will assume sole ownership of the Norco, LA., refinery the Convent, LA., refinery, 11 distribution terminals.  Full Article

Shell takes final investment decision for Kaikias project in Gulf of Mexico
Tuesday, 28 Feb 2017 09:25am EST 

Shell : Shell takes final investment decision for Kaikias deep-water project in Gulf of Mexico . Shell unit and subsidiary of Mitsui Oil Exploration have each taken FID to execute phase one of kaikias deep-water project in U.S. Gulf of Mexico . Project will be developed in two phases with phase one expected to start production in 2019 . First phase of development includes three wells which are designed to produce up to 40,000 barrels of oil equivalent per day (boe/d) at peak rates . Shell is operator and has an 80 pct working interest. MOEX Na owns remaining 20 pct working interest. Further company coverage: [RDSa.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Shell reaches agreement with Couche-Tard for sale of Denmark marketing ops
Tuesday, 28 Feb 2017 09:08am EST 

Royal Dutch Shell Plc : Reached agreement with Couche-Tard for sale of marketing operations in Denmark .Businesses will be managed by Statoil Fuel And Retail A/S, a wholly-owned indirect subsidiary of Couche-Tard.  Full Article

CEO of Shell's Norway subsidiary to retire
Monday, 27 Feb 2017 08:44am EST 

:. Rich Denny will replace Tor Arnesen as head of Royal Dutch Shell's Norwegian subsidiary from July 1 .. Arnesen, who has been with the company for more than 30 year, and headed Norske Shell since 2012, is to retire, a spokeswoman said .. Rich Denny serves as upstream director at Norsk Shell .. Shell operates Ormen Lange, Norway's second-largest gas field, and the Nyhamna gas processing plant, as well as the Draugen and Knarr oilfields .. Shell plans to hand over operatorship of Nyhamna to Norway's gas system operator Gassco later in 2017 [nL8N1DH2LK] (Reporting by Nerijus Adomaitis, editing by Terje Solsvik) ((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters Messaging: nerijus.adomaitis.thomsonreuters@reuters.net)) Keywords: SHELL NORWAY/.  Full Article

Shell says it and Pennzoil will continue to be supplier to Penske organization
Friday, 24 Feb 2017 11:00am EST 

Shell:Shell and Pennzoil will continue to be preferred supplier of fuels, lubricants and related products to Penske organization.  Full Article

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