HOUSTON, June 11, 2019 /PRNewswire/ — Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC, a subsidiary of PBF Energy, Inc., for $1.0 billion consideration plus the value of hydrocarbon inventory, crude oil supply and product offtake agreements, and other adjustments.
June 11th, 2019:
Shell agrees to sale of Martinez Refinery
Shell to invest at least $397 million in Mexican deepwater oil projects
JUNE 11, 2019 / 6:57 PM
MEXICO CITY (Reuters) – Mexico’s independent oil regulator on Tuesday approved deepwater exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the U.S. maritime border.
The plans commit the Anglo-Dutch oil major to invest at least $397 million over the next four years, but if the drilling proves successful it could grow to some $1.3 billion, according to the regulator, known as the National Hydrocarbons Commission, or CNH.
Eat seasonally and recycle more to cut emissions, says Shell
Emily Gosden, Energy Editor: June 11, 2019
Royal Dutch Shell has issued a plea to companies across different sectors of the economy to work with it on plans to reduce their carbon emissions to “net zero”.
Ben van Beurden, chief executive of Europe’s biggest oil company, said that the airline and shipping industries were among the sectors being targeted initially for a “climate coalition”.
In a speech to The Times CEO Summit, Mr van Beurden, 61, also called for action to address unsustainable consumption patterns, citing “consumers who choose to eat strawberries in winter” and a throwaway culture in some industries where recycling could instead be the default.