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Posts on ‘April 1st, 2010’

Shell May Exit Retail, Marketing in 21 Africa Nations

BusinessWeek Logo

By Fred Pals

April 1 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, wants to sell most of its downstream operations in 21 African countries, cutting back further in refining and marketing.

“While a number of options are being considered, the preferred outcome is the sale of most businesses in scope as going concerns,” the company said on its Web site today.

The Hague-based Shell is reviewing 15 percent of its refining capacity and is selling other retail assets in Latin America as well, putting a total of 35 percent of its current retail markets under review. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Mulls Sale of African Oil Product Retail Operations

THE WALL STREET JOURNAL

April 1, 2010

By JAMES HERRON

LONDON–Royal Dutch Shell PLC said Thursday it is working toward the sale of its oil-product retail businesses in 21 African countries, which one analyst estimated could be valued at $1.2 billion to $1.5 billion.

This announcement is the latest step in Shell’s drive to exit less profitable businesses and focus its capital on big projects that will raise its long-term oil and gas output. “While a number of options are being considered, the preferred outcome is the sale of most businesses in scope as going concerns,” Shell said in a statement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell starts production at huge offshore site

Associated Press, 04.01.10, 08:03 AM EDT

NEW ORLEANS — Shell Energy Resources Co. has started production at the world’s deepest offshore drilling and production facility in the Gulf of Mexico. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell, PetroChina Seek Australia Consent to Buy Arrow

April 1 (Bloomberg) -- Royal Dutch Shell Plc and PetroChina Co. have lodged an application with Australia’s Foreign Investment Review Board, seeking approval for their joint A$3.5 billion ($3.2 billion) acquisition of Arrow Energy Ltd.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell biggest winner in Obama’s Lackluster Oil Plan

Obama’s Lackluster Oil Plan

Christopher Helman, 03.31.10, 07:26 PM EDT

In Texas parlance, it’s a classic case of all hat, no cattle.

HOUSTON — Royal Dutch Shell appears to be the biggest winner in Wednesday’s much-heralded but underwhelming announcement by President Barack Obama about opening up new offshore areas of the U.S. to oil and gas drilling.

Finally, after three years of wrangling, Royal Dutch Shell ( RDSA news people ) will be allowed to drill test wells in Alaska’s Chukchi Sea. But while the president giveth, he also taketh away. Interior Secretary Ken Salazar said on a conference call Wednesday that the government would cancel another set of leases in the Chukchi and Beaufort seas pending further environmental study. The administration banned altogether any future drilling in Alaska’s Bristol Bay. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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