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Posts on ‘December 5th, 2016’

Shell finance chief takes some chips off the table

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Royal Dutch Shell’s finance boss took advantage of the jump in the company’s share price immediately following OPEC’s decision to cut its output to sell some of his holdings in the oil producer.

According to a statement issued by the company, Simon Henry unloaded 50,000 B-shares at an individual price of 2163p, allowing him to pocket £1,081,500.

On 11 November, and in remarks to The Wall Street Journal, the firm´s executive vice president for deep-water, Wael Sawan, said Shell would invest $10bn more in the country, on top of the $30bn already deployed in South America´s largest economy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

screen-shot-2016-12-05-at-16-34-00 By The Motley Fool  Dec 5, 2016

Today I’m looking at the critical reasons to sell out of Royal Dutch Shell (LSE: RDSB).

A drop in the ocean

The oil sector’s major players breathed a huge sigh of relief last week after OPEC — responsible for four-tenths of the world’s oil supply — confounded the expectations of many and agreed to cut its output.

Saudi Arabia brokered a deal that will see production fall by 1.2m barrels per day, to 32.5m barrels beginning in January. The news prompted Brent oil to top the $55 per barrel marker for the first time since the summer of 2016. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell given go-ahead for Norway gas plant expansion

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Shell given go-ahead for Norway gas plant expansion

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Written by Mark Lammey – 05/12/2016 1:31 pm

Norway’s oil and gas safety body said today it had given Shell permission to expand its gas plant at Nyhamna.

The facility has been processing gas from the Ormen Lange field in the Norwegian Sea since 2003.

It will now be expanded to take in gas from the Polarled pipeline, which connects the Aasta Hansteen field to the Norwegian gas transport system.

Shell wants to raise its production capacity to 84million standard cubic metres of gas per day from 70million. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Mitsui buys 20 percent stake in Shell’s offshore oil fields in Gulf

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05 December 2016

TOKYO (Reuters) – Japanese trading house Mitsui & Co <8031.T> said on Monday it has agreed to buy a 20 percent stake in four blocks in the U.S. offshore oil and gas fields in the Gulf of Mexico from Royal Dutch Shell Plc for an undisclosed amount.

The move follows Mitsui’s other investment decisions earlier this year including co-development of the Greater Enfield oil reserves off Western Australia and an $8 billion (6.29 billion pound) expansion of the Tangguh liquefied natural gas project in Indonesia which is led by BP , taking advantage of the recent drop in commodity prices. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell in talks to sell gas field offshore Ireland

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screen-shot-2016-11-09-at-20-26-36Written by Erikka Askeland – 05/12/2016 7:23 am

Shell is reported to be in talks to sells its stake in an Irish gas field to an Australian infrastructure fund.

Macquarie is understood to have approached the oil and gas giant over its 45% stake in Corrib, valuing it at around £1billion.

If a deal is struck, the sale will be part of Shell’s plan to offload $30billion of assets in the wake of its mega-merger with BG Group earlier this year.

It is uncertain what would happen to the operatorship of the field which started pumping gas at the end of last year. Other stakeholders in the field include Statoil and Canada’s Vermillion Energy. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Macquarie eyes Irish gas giant

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By:  Danny Fortson – The Sunday Times

The Australian investment giant nicknamed the “vampire kangaroo” is hoping to sink its teeth into Ireland’s £3bn Corrib gas field.

Macquarie, one of the largest owners of British infrastructure, is understood to have approached Shell over a deal that could value the FTSE 100 giant’s 45% stake in the project at more than £1bn. It is unclear whether the Australians have tabled a formal bid.

Corrib started producing a year ago after years of delays and protests from fishermen, environmentalists and locals. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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