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Posts on ‘February 6th, 2017’

Shell expects to split Motiva assets with Saudi Aramco in Q2

Mon Feb 6, 2017

HOUSTON Shell Oil Co, the U.S. unit of Royal Dutch Shell Plc, said on Monday it expects to divide the refineries and other assets of the Motiva Enterprises [MOTIV.UL] joint venture with co-owner Saudi Aramco in the second quarter of 2017.

“We are pleased with the progress we have made to date, and anticipate completion of the transaction in Q2 2017,” Shell spokesman Ray Fisher said in an email. “The April 1 date is a target that the internal project teams are working toward.” 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 looking to sell stake in Danish venture

By Ron Bousso and Clara Denina | LONDON

Royal Dutch Shell is seeking to sell its stake in the Danish Underground Consortium (DUC), an offshore oil and gas joint venture, in what would mark the company’s effective exit from Denmark, three banking sources said.

The stake is valued at up to $1 billion, according to two sources.

Bank of America Merrill Lynch (BAML) is running the sale process, the sources said.

Shell owns a 36.8 percent stake in DUC alongside operator A.P. Moller-Maersk, which has 31.2 percent, Chevron which holds 12 percent, and Danish state-run Nordsøfonden which has a 20 percent stake. 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.

Reefs, not removal, could be the future for rigs, says Shell

 

Emily Gosden, Energy Editor: 

Royal Dutch Shell’s chief financial officer has criticised rules requiring old oil and gas platforms to be removed from the North Sea, claiming that they will result in taxpayers “spending money unnecessarily”.

Simon Henry said that regulations enshrined in the international Ospar convention should be reviewed because they “could actually create more of an environmental issue by disturbing certain things in the removal process” and should be reviewed. 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 begins huge task of decommissioning Brent oil rigs

Adam Vaughan Energy correspondent

Monday 6 February 2017 07.01 GMT

When the company proposed sinking the Spar oil storage buoy in 1995, it prompted protests by Greenpeace, petrol boycotts in Germany and a falling share price. Shell was eventually forced to back down and find a more environmentally-friendly plan.

FULL ARTICLE

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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