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Royal Dutch Shell PLC (RDSb.L)

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Latest Key Developments (Source: Significant Developments)

Shell reports Q3 CCS earnings excluding items $2.8 bln
Tuesday, 1 Nov 2016 03:23am EDT 

Shell : 3rd quarter 2016 unaudited results . Q3 2016 CCS earnings attributable to shareholders were $1.4 billion . Q3 2016 CCS earnings attributable to shareholders excluding identified items were $2.8 billion . Q3 2016 basic CCS earnings per share excluding identified items decreased by 8 pct versus Q3 2015 . Shell Q3 CCS earnings excluding items seen at $1.71 billion - company compiled analyst estimates . Total dividends distributed to shareholders in quarter were $3.8 billion . Gearing at end of Q3 2016 was 29.2 pct versus 12.7 pct at end of Q3 2015 . Cash flow from operating activities for Q3 2016 was $8.5 billion . CCS earnings attributable to shareholders excluding identified items benefited from increased production volumes mainly from BG assets, lower operating expenses more than offsetting increase related to consolidation of BG, and lower well write-offs . This was partly offset by decline in oil, gas and lng prices, and increased depreciation mainly resulting from bg acquisition, and weaker refining industry conditions . Q3 2016 dividend has been announced of $0.47 per ordinary share and $0.94 per american depositary share . Actively working on 16 material asset sales as part of company's planned $30 billion divestment programme . Cash flow will be further boosted by new projects . Cash flow from new projects started up between 2014 and 2018 is expected to total $10 billion in 2018, at an average $60 oil price.  Full Article

Royal Dutch Shell 2017 capital investment expected to be about $25 bln
Tuesday, 1 Nov 2016 02:08am EDT 

Shell : Lower oil prices continue to be a significant challenge across business, and outlook remains uncertain - ceo . Integration of Shell and BG is now essentially done and has been completed well ahead of plan . Underlying operational costs in 2016 are already at an annualised run rate of $40 billion, $9 billion lower than shell and bg costs in 2014 - ceo . Capital investment for 2017 is expected to be around $25 billion which is at low end of our $25-$30 billion range-ceo . Shell - 2016 organic capital investment - which includes $3 billion in non-cash items - will be around $29 billion, some $18 billion below 2014 shell and bg levels - ceo . When fully ramped up, projects started up in 2016 are expected to add more than 250 thousand barrels of oil equivalent per day (boe/d) - CEO .Cash flow from new projects started up between 2014 and 2018 is expected to total $10 billion in 2018, at an average $60 oil price-CEO.  Full Article

Shell reports operational incident at Deer Park, Texas facility
Thursday, 6 Oct 2016 11:04am EDT 

Royal Dutch Shell : Shell reports currently experiencing an operational incident at its Deer Park, Texas facility . Shell says the incident is being handled within the boundaries of its facility and there is no risk to the community from this incident Source: community line alert Shell's Deer Park, Texas facility houses a 285,500 barrel-per-day refinery, which is a 50-50 joint venture between Shell and Petroleos Mexicanos [PEMX.UL]. (Reporting by Vijaykumar Vedala in Bengaluru) ((BLRCEEditorial@thomsonreuters.com;)).  Full Article

Keppel Corporation grows Liquefied Natural Gas business
Tuesday, 4 Oct 2016 10:37pm EDT 

Keppel Corporation Limited : Keppel O&M has also entered into memorandum of understanding with shell to jointly explore potential opportunities in lng sector . Mou not expected to have a material impact on earnings per share of keppel corporation for current financial year . Keppel offshore & marine has secured contracts to build its first two dual-fuel diesel LNG tugs . Signed an mou with shell to jointly explore opportunities in using LNG as fuel .Maritime and port authority of singapore is co-funding up to S$2 million for each tug under its lng bunkering pilot programme grant.  Full Article

PTT will sign a 15-year contract for liquefied natural gas with Shell Eastern Trading and BP Singapore before the end of the year - Nikkei
Monday, 3 Oct 2016 12:05pm EDT 

: PTT will sign a 15-year contract for liquefied natural gas with Shell Eastern Trading and Bp Singapore before the end of the year - Nikkei .PTT'S new contract is awaiting cabinet approval and priced in a way that should save PTT Roughly 100 Billion Baht ($2.88 Billion)- Nikkei.  Full Article

Carnival Corporation signs agreement with Shell
Monday, 3 Oct 2016 06:00am EDT 

Carnival Corporation : Signs agreement with shell to fuel world's first LNG-powered cruise ships . Shell will supply co's AIDA Cruises and Costa Cruises brands with fuel for two new LNG-powered ships expected to launch in 2019 . 2 of new LNG-powered ships designated for Cruise Brand, Carnival Cruise Line, with delivery dates expected in 2020 and 2022 . Remaining two vessels will also be built for Costa Cruises and Aida Cruises brands and are expected to enter service in 2021 .One new ship is designated for P&O Cruises UK with an expected delivery date in 2020.  Full Article

Pilipinas Shell listing on PSE tentatively set for Nov. 3
Thursday, 29 Sep 2016 01:58am EDT 

: Pilipinas Shell Petroleum Corp's listing on Philippine Stock Exchange tentatively set for Nov. 3, 2016 - PSE .Pilipinas Shell Petroleum's IPO to be priced on Oct. 13 - PSE.  Full Article

Crestwood and Swepi enter into long-term gas gathering agreement in the permian
Tuesday, 27 Sep 2016 04:10pm EDT 

Crestwood Equity Partners LP : Crestwood And Swepi enter into long-term gas gathering agreement in the permian - delaware basin . Project development activities are underway with a targeted initial in-service date on or before july 1, 2017 . Shell has option to purchase up to a 50 percent equity interest in initial gathering system prior to september 1, 2017 . Shell dedicates approximately 100,000 acres in loving, reeves and ward counties, texas to co under gas gathering deal . Says co estimates full build-out of gas gathering system will cost approximately $180 million .Expect investment will be accretive to co as early as late 2017 and, in any event, fully accretive to co in 2018.  Full Article

Teekay Offshore Partners awarded New North Sea Shuttle Tanker Contracts
Friday, 23 Sep 2016 06:59am EDT 

Teekay Offshore Partners LP : Teekay Offshore Partners awarded New North Sea Shuttle Tanker Contracts . CoAs are expected to commence in first half of 2017 with requirement for approximately two shuttle tankers . Partnership expects to service these New CoAs with its existing CoA shuttle tanker fleet .Awarded 3-year shuttle tanker contracts of affreightment (coa), plus extension options, with BP Plc, Royal Dutch Shell and OMV Group.  Full Article

Shell says starts production at Stones in Gulf of Mexico
Tuesday, 6 Sep 2016 07:30am EDT 

Shell : Shell starts production at Stones in Gulf of Mexico .Stones is expected to produce around 50,000 barrels of oil equivalent per day (BOE/D) when fully ramped up at end of 2017.  Full Article

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