Search results for: Shell

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  • 13 November 2017
    Business & Finance

    Shell has made an agreement to sell part of its stake in Woodside Petroleum to equity investors for $1.7 billion.

  • 30 November 2018

    Norwegian oil and gas company OKEA has completed the acquisition of a package of Shell’s interests on the NCS.

  • 27 July 2017

    Oil giant Shell posted a 245 percent rise in its second quarter earnings, on a current cost of supplies (CCS) basis, and excluding identified items. Shell’s Q2 2017 earnings, excluding identified items, were $3.6 billion, up 245% from $1 billion for the second quarter of 2016. The company said the result was boosted by higher […]

  • 17 October 2018

    The Hague-based LNG giant Shell is selling its upstream interests in Denmark for $1.9 billion. Shell Overseas Holdings Limited, a unit of Shell, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco) to sell its shares in Shell Olie-og Gasudvinding Danmark (SOGU). SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating […]

  • 31 January 2018
    Project & Tenders

    The Hague-based LNG giant Shell said on Wednesday that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand to PTT Exploration & Production (PTTEP) for $750 million before tax. The transaction is expected to complete in the second quarter of 2018, Shell said in its statement. “Shell’s decision to […]

  • 6 September 2013
    Business & Finance

    Yesterday, the U.S. Environmental Protection Agency announced settlements with Shell Gulf of Mexico, Inc. and Shell Offshore, Inc. for violations of their Clean Air Act permits for arctic oil and gas exploration drilling in the Chukchi and Beaufort Seas, off the North Slope of Alaska. Based on EPA’s inspections and Shell’s excess emission reports, EPA […]

  • 16 March 2018

    The Hague-based LNG giant Shell, agreed to sell its shares in Shell entities in New Zealand, to OMV for $578 million.

  • 20 June 2018
    Business & Finance

    Shell has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and 12.00% interest in Gjøa in Norway.

  • 21 February 2014
    Business & Finance

    Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billion). The sale covers Shell’s Geelong Refinery and 870-site retail business – along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in […]

  • 6 September 2013
    Business & Finance

    The U.S. Environmental Protection Agency announced settlements with Shell Gulf of Mexico, Inc. and Shell Offshore, Inc. for violations of their Clean Air Act permits for arctic oil and gas exploration drilling in the Chukchi and Beaufort Seas, off the North Slope of Alaska. Based on EPA’s inspections and Shell’s excess emission reports, EPA documented […]

  • 13 December 2019
    Business & Finance

    Oil major Shell has signed a $10 billion revolving credit facility, which replaces Shell’s existing $8.84 billion revolving credit facility and is provided by a syndicate of 25 banks.

  • 24 April 2015

    Shell has announced staff reductions in Norway. According to Shell, this will include 120 permanent positions and 140 contractors and consultants positions.  In the spring of 2014, A/S Norske Shell started a systematic effort to strengthen its competitiveness and adapt to future activities through cost reductions and organizational changes, Shell said. Shell’s Norwegian producing fields are […]

  • 17 October 2018

    Norwegian Energy Company ASA has reached an agreement to buy Shell’s assets in Denmark for $1.9 billion.

  • 5 April 2017

    The Hague-based LNG giant Shell has entered into a deal to sell its liquefied petroleum gas (LPG) business in Hong Kong and Macau to DCC Energy. The conditional sale is worth about of $150.3 million. “This sale supports Shell’s strategic commitment to focus downstream activities on areas where we can be most competitive,” John Abbott, […]

  • 5 May 2017

    The Hague-based LNG giant Shell’s units, Shell Energy Europe (SEE) and Shell LNG Marketing and Trading (SMLT) have named new leads for their businesses.

  • 14 November 2016

    Global oil major Shell has reportedly hired a bank to review its Norwegian assets, which could possibly lead to Shell exiting the Scandinavian country. According to the article by The Times, the company has assigned Rothschild bank to review the “$3bn Norwegian business.” The Times wrote on Sunday that this could lead to Shell selling […]

  • 18 June 2014

    Woodside of Australia confirmed that it has been advised by Shell Australia that the company has sold 78.3 million shares (representing 9.5% of issued share capital) via an underwritten institutional sell-down at a price of A$41.35 per share. Shell’s holding in Woodside is now 13.6% of Woodside’s issued capital. In conjunction with this sell-down Woodside […]

  • 16 May 2017
    Business & Finance

    Offshore helicopter operator CHC Group has signed a two-year contract extension with Shell to provide helicopter services in support of the oil company’s UK Continental Shelf operations. According to the helicopter operator’s statement on Tuesday, CHC has been Shell’s aviation partner for five years, initially serving Shell Central North Sea assets. As part of a joint […]