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Royal Dutch Shell Firesale

Shell Trying To Tighten Grip On Its American Oil

Extracts from an article published 13 March 2014 by investing.com

Screen Shot 2013-12-22 at 19.09.52By Meagan Clark – Royal Dutch Shell’s CEO Ben van Beurden said Thursday that a tighter grip on its Upstreams Americas business will be integral to its plan to grow cash flow and improve returns. Shell is cutting spending in 2014 by 20 percent compared to 2013 and redirecting onshore investment in Upstream Americas to the lowest cost gas acreage with the best integration potential and to exploration in liquids-rich shales.  So far this year, Shell has sold $4.5 billion in assets as part of its 2014-2015 $15 billion asset-shedding program. read more

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Time for Plain Talking at Shell

Extracts from an article by ANDREW PEAPLE published 13 March 2014 by The Wall Street Journal

Screen Shot 2013-12-22 at 19.09.52Shell’s basic message to investors appears to be that the oil major will spend more on assets it think it will prove profitable, while getting out of assets it doesn’t think will do so well. To rekindle investor interest, Shell’s new chief executive Ben van Beurden will have to provide more than platitudes. Turning round the company will take more than even the most finely-chosen words. read more

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Shell says some North Sea assets may be added to the firesale

Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc

Ben van Beurden, CEO, Royal Dutch Shell Plc

Extracts from an article by Martin Flanagan published on 13 March 2014 by The Scotsman under the headline: “Shell says some North Sea assets may be for sale”

OIL giant Shell suggested today that some of its “mature” North Sea energy assets may be for sale after a string of production breakdowns last year and as it seeks to rein in its growth plans under its new chief executive. Ben van Beurden, who took the helm 10 weeks ago, said in a presentation to financial markets: “We have to be honest with ourselves. The North Sea has disappointed for Shell in 2013. We are looking carefully at cases of unplanned downtime (of rigs).” read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell scaling back drastically on exploration and is selling assets

Extract from an article by John Pendleton published Friday 7 March 2014 by righands.com

Screen Shot 2013-12-22 at 19.09.52In 2013 several of the major oil companies spent lavishly on offshore prospects and are now feeling the pain of exploration efforts that didn’t pay off. Royal Dutch Shell, for example, spent more than five billion dollars in a bid for Arctic oil that was mired in litigation and so far has produced little in the way of results. Under new leadership Shell is now scaling back drastically on exploration and is selling assets. read more

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Shell, Quicksilver Reap $180M In Colo. Shale Acreage Sale

Extract from an article by Benjamin Horney published on 5 March 2014 by Law360.com

Screen Shot 2013-12-22 at 19.09.52Law360, New York (March 05, 2014, 4:15 PM ET) — A unit of Southwestern Energy Co. will pay $180 million to buy out assets in Colorado’s Sand Wash Basin held by a Royal Dutch Shell PLC subsidiary and Quicksilver Resources Inc., the companies said Wednesday, in a deal intended to boost Southwestern Energy’s natural gas resources….

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Glencore interested in buying Shell assets in Nigeria

Extracts from a Reuters report by Silvia Antonioli published Tuesday 4 March 2014

Screen Shot 2013-12-22 at 19.09.52(Reuters) – Commodity trader and miner Glencore (GLEN.L) confirmed on Tuesday its interest in buying oil assets that oil major Shell (RDSa.L) is selling in Nigeria. A source said last month that Glencore and commodity trading house Mercuria were among the short-listed consortiums expected to make final bids on Nigerian energy assets worth around $3 billion that Shell and another two oil majors are selling. Together with Macquarie Group Glencore had also made an unsuccessful attempt to buy Shell’s downstream Australian assets, which were then sold to oil trader Vitol and the Abu Dhabi Investment Council for about A$2.4 billion ($2.2 billion) last month. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Future Bright For BP and Royal Dutch Shell Shareholders?

Extracts from an article by Rupert Hargreaves published on 4 March 2014 by The Motley Fool

Screen Shot 2013-12-22 at 19.09.52One of the problems that these oil majors face is the sheer size of their operations, making it hard to keep track of everything. In particular, it has been estimated that up to 30% of Shell’s assets are not currently generating a return on investment. Further, Shell is having a problem with free cash flow, which is not growing nearly as quickly as management said it would. The company said in 2012 that it would generate $200bn of operating cash flow over the ensuing four years, so far it has only realised about $40bn a year. Shell has been divesting assets left, right and centre, with $15bn of asset sales planned, although this figure could double. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Why Royal Dutch Shell Is Selling Downstream Assets

Extracts from an article by Arjun Sreekumar published on 2 March 2014 by The Motley Fool

Screen Shot 2013-12-22 at 19.09.52Royal Dutch Shell (NYSE: RDS-A) has finally found a buyer for its downstream assets in Australia, as the Anglo-Dutch oil major embarks on a major restructuring of its global refining business and plans to sell billions of dollars worth of assets over the next two years. New CEO Ben van Beurden has identified the company’s global downstream business as one of two key business segments — along with its North American shale oil and gas business — that will be restructured in coming years. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Beginning of the end? Oil Companies cut back on spending

Extracts from an article by Gail Tverberg published on 3 March 2014 by TheBull.com.au

Screen Shot 2013-12-22 at 19.09.52Basically, Shell is cutting back. It no longer is going to tell investors how much it plans to produce in the future. Instead, it will focus on generating cash flow, at least partly by selling off existing programs. …all of the major oil companies are reporting divestment programs. Does selling assets really solve the oil companies’ problems? What the oil companies would really like to do is raise their prices, but they can’t do that, because they don’t set prices, the market does–and the prices aren’t high enough. And the oil companies really can’t cut costs. So instead, they sell assets to pay dividends, or perhaps just to get out of the business. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell shelves Hume LNG plan

Extracts from an article published by THE AUSTRALIAN on 26 Feb 2014

Screen Shot 2013-12-22 at 19.09.52Royal Dutch Shell’s pullback from Australia is set to continue as the oil and gas giant aborts a plan to build a liquefied natural gas (LNG) supply chain for trucks, according to The Australian. “The project has been put on hold by Shell, and the eight LNG refuelling sites that were in the design phase, will not be constructed at this point,” a Shell spokesperson told The Australian. The development comes after Shell sold its downstream assets, including the Geelong refinery and its petrol station network, to oil trader Vitol last week… read more

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Kuwait to acquire key retail fuel sector from Shell

Extract from an article published by WorldTribune.com on 24 Feb 2014

Screen Shot 2013-12-22 at 19.09.52The state-owned Kuwait Petroleum International has reached an agreement to purchase a key division of Royal Dutch Shell. Under the agreement, estimated at 500 million euro, KPI would acquire Italy’s retail fuel sector of Shell, which included at least 830 gasoline stations, far more than Britain and France.

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Shell in $2.6bn Australia asset sale

Extract from BBC News article published 21 Feb 2014

Screen Shot 2013-12-22 at 19.09.52Oil giant Royal Dutch Shell has agreed to sell its Australian downstream business to oil trading firm Vitol for $2.6bn (£1.6bn). The sale includes Shell’s refinery in Geelong, 870 service stations, its bulk fuels and chemicals unit and part of its lubricants business. Recent disinvestments by Shell include the sale of refineries in the UK, Germany, France, Norway and the Czech Republic. The firm has also offloaded its downstream businesses in Egypt, Spain, Greece, Finland and Sweden. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell agrees sale of downstream businesses in Australia to Vitol

Screen Shot 2013-12-22 at 19.09.52Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billion). The sale covers Shell’s Geelong Refinery and 870-site retail business – along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia. It also includes a brand license arrangement and an exclusive distributor arrangement in Australia for Shell Lubricants. Recent downstream divestments by Shell include the sale of refineries in the UK, Germany, France, Norway and the Czech Republic; downstream businesses in Egypt, Spain, Greece, Finland and Sweden, as well as the creation of a downstream joint venture – with Vitol and other partners – across Africa, and the planned sale of some downstream businesses in Italy and Norway.

21 February 2014

Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billion). The sale covers Shell’s Geelong Refinery and 870-site retail business – along with its bulk fuels, bitumen, chemicals and part of its lubricants businesses in Australia. It also includes a brand license arrangement and an exclusive distributor arrangement in Australia for Shell Lubricants. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s Nigeria & UK sales won’t be ‘big money’, Deutsche Bank says

Article by Jamie Ashcroft published by proactiveinvestors on Feb 20, 2014

Screen Shot 2013-12-22 at 19.09.52Deutsche Bank says it makes ‘strategic sense’ for Shell (LON:RDSB) to sell off assets in the UK and Nigeria, though its analysis doesn’t suggest they would be big money deals.

The German bank said, in a note to investors, that the noise around potential divestments is building and it is becoming clearer which assets will go under the hammer.

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Shell sells Italian retail business to Kuwait Petroleum

Reuters article published LONDON Thu Feb 20, 2014 10:47am GMT

Screen Shot 2013-12-22 at 19.09.52Feb 20 (Reuters) – Anglo-Dutch oil and gas major Shell said on Thursday it has agreed to sell its Italian retail and aviation business to Kuwait Petroleum International.

“The sale is consistent with Shell’s strategy to concentrate Shell’s downstream footprint on a smaller number of assets…

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Woodside CEO Seeks Shell Exit Decision on $6.6 Billion Stake

Extract from Bloomberg News article by James Paton Feb 20, 2014 5:53 AM GMT

Screen Shot 2013-12-22 at 19.09.52Woodside Petroleum Ltd. (WPL), Australia’s second-largest oil and gas producer, pressed Royal Dutch Shell Plc (RDSA) to take action on its A$7.3 billion ($6.6 billion) stake in the company, saying investors want “certainty.” 

Shell’s move to accelerate asset sales to free cash for new projects is seen as increasing the likelihood the Anglo-Dutch company will finally divest its remaining stake in Woodside. The company is trying to win investors’ confidence after its fourth-quarter profit fell to the lowest since 2009.  read more

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Royal Dutch Shell Plc has sold its downstream Australian assets

Reuters Deals of the day – Mergers and acquisitions: Wed 19 Feb 2014

Screen Shot 2013-12-22 at 19.09.52Feb 19 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Wednesday: Royal Dutch Shell Plc has sold its downstream Australian assets to Dutch-owned oil trader Vitol SA and the Abu Dhabi Investment Council for about A$2.4 billion ($2.2 billion), The Australian Financial Review reported.

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Shell refinery sale puts 500 jobs at risk in Victoria

THE GUARDIAN: Article by Wed 19 Feb 2014 

Victoria faces another blow to its economy after Royal Dutch Shell reportedly sold Geelong refinery, putting 500 jobs at risk. The oil major sold the asset and its Australian petrol stations to Dutch-owned oil trader Vitol and the Abu Dhabi Investment Council for about $2.4bn, Fairfax Media reports. It is believed that Vitol, the world’s largest oil trader, has earmarked the 60-year-old refinery for closure… read more

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Shell’s Asset Purge to Hit UK North Sea

Extract from article by James Burgess of oil price.com: Mon 17 February 2014

Screen Shot 2013-12-22 at 19.09.52Royal Dutch Shell has announced plans to sell three oil and gas assets in the North Sea as the supermajor seeks to divest some $15 billion in assets.

In October 2013, Shell announced it would begin selling off significant assets in 2014 and 2015 in order to reduce liabilities and improve cash flow.

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