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Posts on ‘February 1st, 2020’

Equinor, Shell pay $177.5M each for stake in Argentina oil block

Jan. 31, 2020 8:27 AM ET|About: Equinor ASA (EQNR)|By: , SA News Editor

Equinor (NYSE:EQNR) and partner Royal Dutch Shell (RDS.A, RDS.B) say they have paid a combined $355M to jointly acquire Schlumberger’s (NYSE:SLB) 49% interest in Argentina’s onshore Bandurria Sur block.

Each partner bought a 24.5% interest in the block that covers ~56K gross acres in the central area of the Vaca Muerta play.

The two companies also reached a preliminary agreement with 51%-owner YPF to acquire an additional 11% interest, which would give Equinor and Shell each a 30% non-operated interest and YPF owning 40% interest and continuing as operator. 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 boss highlights potential of North Sea and defends oil giant’s response to climate change

ROYAL Dutch Shell boss Ben van Beurden has said he sees no reason for the oil giant to curb investment in the North Sea amid concern about climate change insisting it has a key role to play in tackling the problem.

The Anglo-Dutch firm has come under attack from climate change campaigners who have disrupted operations off Scotland and blockaded the company’s North Sea headquarters in Aberdeen.

However, Mr van Beurden said the transition to net zero carbon emissions could not be achieved without the expertise of oil and gas giants such as Shell.

The company reckons it can support the development of clean energy systems while helping reduce emissions associated with the production and consumption of oil and gas that will be required to meet the needs of consumers and industry. 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 finalizes sale of Martinez Refinery

NEWS PROVIDED BY Shell : Feb 01, 2020, 03:17 ET

HOUSTON, Feb. 1, 2020 /PRNewswire/ — Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc., in exchange for $1.2 billion which includes the refinery and inventory. The deal also includes crude oil supply and product offtake agreements, and other adjustments. 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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