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Saudi Aramco, Shell, ADNOC eye Indian crude storage capacity

NEW DELHI: Three overseas oil majors are interested in hiring capacity in India’s strategic crude storages, oil minister Dharmendra Pradhan told the Rajya Sabha on Wednesday. “ADNOC (Abu Dhabi National Oil Company) of UAE, Saudi Aramco of Saudi Arabia and Anglo-Dutch Shell have expressed their interest in storing crude oil in the strategic petroleum reserve facilities,” Pradhan told the Rajya ... Read More »

Cowen and Company decreases target price on shares of Royal Dutch Shell

AMSTERDAM: Equities research analysts at Cowen and Company decreased their target price on shares of Royal Dutch Shell plc (NASDAQ:RDS.A) from $71.00 to $66.00 in a report issued on Friday, StockTargetPrices.com reports. Royal Dutch Shell plc last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus ... Read More »

56 companies UK, Nigerian companies explore opportunities in shell-sponsored business summit

LONDON: A total of 100 delegates representing 56 companies from Nigeria and the United Kingdom at the weekend explored opportunities for collaboration at the annual Nigeria-UK Supplier Engagement programme organised by Shell Nigeria Exploration Company Ltd (SNEPCo) in conjunction with the United Kingdom Trade and Investment (UKTI). The event brought together companies engaged in a wide variety of activities in ... Read More »

Competition authority approves conditionally St1 Nordic Oy’s acquisition of Shell’

OSLO: The Norwegian competition authority has approved today St1 Nordic Oy’s acquisition of the share capital of Smart Fuel AS, Shell’s Norwegian marketing company, from Shell Exploration and Production Holdings B.V. The agreement was signed on 18 December 2014. This corporate acquisition has been approved on the condition that St1 Nordic divests its current business St1 Norge AS in Norway. ... Read More »

Competition authority approves conditionally St1 Nordic Oy’s acquisition of Shell’

OSLO: The Norwegian competition authority has approved today St1 Nordic Oy’s acquisition of the share capital of Smart Fuel AS, Shell’s Norwegian marketing company, from Shell Exploration and Production Holdings B.V. The agreement was signed on 18 December 2014. This corporate acquisition has been approved on the condition that St1 Nordic divests its current business St1 Norge AS in Norway. ... Read More »

Royal Dutch Shell Plc secures environmental permit for B.C. LNG project

AMSTERDAM: A Royal Dutch Shell Plc.-backed liquefied natural gas project in British Columbia secured environmental permits from federal and provincial regulators in a sign that the fledgling industry is gaining momentum. The federal ministry of environment said LNG Canada must comply with 50 legally binding conditions throughout the life of the project. The LNG Canada Export Terminal Project underwent a ... Read More »

Royal Dutch Shell Plc secures environmental permit for B.C. LNG project

AMSTERDAM: A Royal Dutch Shell Plc.-backed liquefied natural gas project in British Columbia secured environmental permits from federal and provincial regulators in a sign that the fledgling industry is gaining momentum. The federal ministry of environment said LNG Canada must comply with 50 legally binding conditions throughout the life of the project. The LNG Canada Export Terminal Project underwent a ... Read More »

Ireland’s DCC Energy makes offer to acquire Shell’s Butagaz LPG business in France

DUBLIN: Ireland’s DCC Energy has made a binding offer to acquire Royal Dutch Shell’s Butagaz Liquefied Petroleum Gas (LPG) business in France for €464m (£337m, $529m). Shares in DCC, the owner of DCC Energy, are trading up 9.98% at £48.28 as at 9.55am BST. Meanwhile, shares in Shell are trading down 0.15%. In reply to this offer, DCC Energy has ... Read More »

Shell re-opens Trans Nigeria pipeline to feed Bonny Light crude oil to export terminal

AMSTERDAM: Shell re-opened the Trans Nigeria pipeline that feeds Bonny Light crude oil to the export terminal, a spokeswoman said. The pipeline, which has the capacity to carry 180 000 barrels of crude oil per day, was closed on May 12 following a leak caused by attempted theft. There were four to six days of delays on the pipeline, traders ... Read More »

Shell re-opens Trans Nigeria pipeline to feed Bonny Light crude oil to export terminal

AMSTERDAM: Shell re-opened the Trans Nigeria pipeline that feeds Bonny Light crude oil to the export terminal, a spokeswoman said. The pipeline, which has the capacity to carry 180 000 barrels of crude oil per day, was closed on May 12 following a leak caused by attempted theft. There were four to six days of delays on the pipeline, traders ... Read More »

Royal Dutch Shell announces dividend in respect of Q1 of 2015 of US$0.47 per A-B ordinary shares

AMSTERDAM: The Board of Royal Dutch Shell plc announced an interim dividend in respect of the first quarter of 2015 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”), equal to the US dollar dividend for the same quarter last year. Beginning with the first quarter interim dividend for 2015, RDS provides eligible shareholders with ... Read More »

Royal Dutch Shell reports 56% drop in first quarter net income at $3.2b

AMSTERDAM: Refining and trading cushioned a drop in Royal Dutch Shell’s first quarter profits, which fell less than expected after the collapse in oil prices slashed earnings from oil and gas output. Europe’s biggest oil company by market value also said it was still looking for acquisitions after agreeing to buy rival BG for $70bn (€62bn) in the biggest oil ... Read More »

Royal Dutch Shell announces dividend in respect of Q1 of 2015 of US$0.47 per A-B ordinary shares

AMSTERDAM: The Board of Royal Dutch Shell plc announced an interim dividend in respect of the first quarter of 2015 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”), equal to the US dollar dividend for the same quarter last year. Beginning with the first quarter interim dividend for 2015, RDS provides eligible shareholders with ... Read More »

Royal Dutch Shell reports 56% drop in first quarter net income at $3.2b

AMSTERDAM: Refining and trading cushioned a drop in Royal Dutch Shell’s first quarter profits, which fell less than expected after the collapse in oil prices slashed earnings from oil and gas output. Europe’s biggest oil company by market value also said it was still looking for acquisitions after agreeing to buy rival BG for $70bn (€62bn) in the biggest oil ... Read More »

Royal Dutch Shell announces dividend in respect of Q1 of 2015 of US$0.47 per A-B ordinary shares

AMSTERDAM: The Board of Royal Dutch Shell plc announced an interim dividend in respect of the first quarter of 2015 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”), equal to the US dollar dividend for the same quarter last year. Beginning with the first quarter interim dividend for 2015, RDS provides eligible shareholders with ... Read More »

Shell slashes annual global spending by $2b, reports 56% slump in Q1 profits

AMSTERDAM: Shell has warned that further jobs and investment are at risk in the North Sea as it slashed annual global spending by a further $2bn (£1.3bn) and reported a 56% slump in first-quarter profits. The Anglo-Dutch oil group said there would be no slowdown in its controversial plans to start drilling in the Alaskan Arctic this summer where it ... Read More »

Shell slashes annual global spending by $2b, reports 56% slump in Q1 profits

AMSTERDAM: Shell has warned that further jobs and investment are at risk in the North Sea as it slashed annual global spending by a further $2bn (£1.3bn) and reported a 56% slump in first-quarter profits. The Anglo-Dutch oil group said there would be no slowdown in its controversial plans to start drilling in the Alaskan Arctic this summer where it ... Read More »

Royal Dutch Shell Plc reports Q1 profit, expected to buy BG Group Plc for $70b

AMSTERDAM: Royal Dutch Shell Plc, the oil producer buying BG Group Plc for $70 billion, reported first-quarter profit that beat analysts’ estimates as refining and trading earnings countered part of the drop in crude prices. Profit adjusted for one-time items and inventory changes fell 56 percent to $3.2 billion from a year earlier, beating the $2.5 billion average estimate of ... Read More »

Royal Dutch Shell agrees to buy BG Group for $70b

WARSAW: Royal Dutch Shell agreed to buy the BG Group for $70 billion. It is the first major deal for oil and gas producer since prices started falling last summer. The acquisition could provide a template in the current environment, with deep-pocketed players taking advantage of their competitors’ problems to bolster their own position. In buying BG, Shell is concentrating ... Read More »

Shell hikes Singapore ethylene production by 20% after plant upgrade

SINGAPORE: Shell Singapore announced that it has finished upgrading its ethylene cracker complex on Bukom Island, boosting production of ethylene by more than 20 per cent. The cracker on Bukom Island, home to Shell’s largest fully-owned refinery, originally had a capacity of 800,000 tonnes per year (tpy) of ethylene. The additional supply of products will support the expansion of intermediate ... Read More »