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Royal Dutch Shell PLC (RDSb.N)

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Latest Key Developments (Source: Significant Developments)

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

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

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