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United Kingdom

Royal Dutch Shell PLC (RDSa.L)

RDSa.L on London Stock Exchange

2,609.00GBp
22 Jun 2018
Change (% chg)

85.50 (+3.39%)
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2,523.50
Open
2,524.00
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2,619.00
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2,498.50
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Latest Key Developments (Source: Significant Developments)

Shell To Sell Draugen and Gjøa interests to OKEA AS
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Royal Dutch Shell PLC ::ROYAL DUTCH SHELL PLC SAYS THROUGH ITS AFFILIATE A/S NORSKE SHELL, REACHED AGREEMENT WITH OKEA AS TO SELL ITS ENTIRE 44.56% INTEREST IN DRAUGEN AND 12.00% INTEREST IN GJØA.REACHED AN AGREEMENT WITH OKEA AS TO SELL ENTIRE 44.56% INTEREST IN DRAUGEN AND 12.00% INTEREST IN GJØA IN NORWAY FOR $556* MILLION.TRANSACTION’S EXPECTED EFFECTIVE DATE IS JAN 1, 2018, UPON COMPLETION OKEA WILL BECOME THE NEW OPERATOR OF DRAUGEN.DECOMMISSIONING COSTS ASSOCIATED WITH ASSETS CURRENTLY ESTIMATED TO BE $120 MILLION AFTER-TAX (NOK 1,000 MILLION).SHELL WILL RETAIN 80% OF LIABILITY OF DECOMMISSIONING COSTS UP TO AN AGREED CAP AND OKEA WILL ASSUME THE REMAINING LIABILITY.ON COMPLETION, DRAUGEN STAFF ONSHORE AND OFFSHORE ARE EXPECTED TO TRANSFER TO OKEA WITH FULL CONTINUITY OF SERVICE.  Full Article

Shell Gas Holdings (Malaysia) Completes Sale Of 15 Pct Shareholding In Malaysia LNG Tiga
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Royal Dutch Shell PLC ::COMPLETED SALE OF 15% SHAREHOLDING IN MALAYSIA LNG TIGA SDN BHD TO SARAWAK STATE FINANCIAL SECRETARY FOR AGREED CONSIDERATION OF $750 MILLION.  Full Article

WEX Reaches Agreement With Shell For New Commercial Fleet Cards Portfolio
Monday, 4 Jun 2018 

June 4 (Reuters) - WEX Inc ::WEX REACHES AGREEMENT WITH SHELL FOR NEW COMMERCIAL FLEET CARDS PORTFOLIO.WEX INC - REACHED AN AGREEMENT WITH EQUILON ENTERPRISES LLC DBA SHELL OIL PRODUCTS US AND SHELL CANADA PRODUCTS.WEX INC - SHELL AND WEX ANTICIPATE LAUNCHING THEIR FIRST COMMERCIAL FLEET PRODUCT AUGUST 1, 2018.  Full Article

Petronas enters agreement to acquire 25 pct equity in LNG Canada project
Thursday, 31 May 2018 

May 31 (Reuters) - PETRONAS::PETRONAS ENTERS AGREEMENT TO ACQUIRE 25% EQUITY IN LNG CANADA PROJECT.PETRONAS- UNIT NORTH MONTNEY LNG LTD PARTNERSHIP ENTERED INTO PURCHASE AND SALES AGREEMENT FOR EQUITY POSITION IN LNG CANADA PROJECT IN KITIMAT, CANADA.PETRONAS- OWNERSHIP IN PROJECT TO BE PETRONAS 25%; SHELL CANADA ENERGY 40%; PETROCHINA CANADA 15%, DIAMOND LNG CANADA 15%, KOGAS CANADA LNG 5%).  Full Article

Shell Makes Large Heartland Discovery In Gulf Of Mexico
Thursday, 24 May 2018 

May 24 (Reuters) - Royal Dutch Shell PLC ::SHELL MAKES LARGE HEARTLAND DISCOVERY IN GULF OF MEXICO.SHELL OFFSHORE INC- DISCOVERY IS LOCATED APPROXIMATELY 13 MILES FROM THE APPOMATTOX HOST AND IS CONSIDERED AN ATTRACTIVE POTENTIAL TIEBACK..SHELL OFFSHORE INC- APPOMATTOX HOST HAS NOW ARRIVED ON LOCATION IN THE U.S. GULF OF MEXICO AND IS EXPECTED TO START PRODUCTION BEFORE THE END OF 2019..  Full Article

Shell sells its interest in Canadian Natural Resources Ltd
Tuesday, 8 May 2018 

May 7 (Reuters) - Shell ::SHELL SELLS ITS INTEREST IN CANADIAN NATURAL RESOURCES LIMITED.ROYAL DUTCH SHELL PLC ("SHELL") ANNOUNCES AN AGREEMENT TO SELL ITS ENTIRE STAKE IN CANADIAN NATURAL RESOURCES LIMITED.SUBSIDIARY, SHELL GAS B.V ENTERED INTO UNDERWRITING AGREEMENT WITH GOLDMAN SACHS , RBC CAPITAL MARKETS, SCOTIABANK AND TD SECURITIES.UNDERWRITING AGREEMENT FOR SALE OF 97,560,975 SHARES IN CANADIAN NATURAL.PROCEEDS FROM SALE WILL CONTRIBUTE TO REDUCING NET DEBT; SALE IS EXPECTED TO COMPLETE ON MAY 9, 2018.SALE OF SHARES IN CANADIAN NATURAL REPRESENTING ENTIRE INTEREST IN CANADIAN NATURAL RESULTING IN TOTAL PRE-TAX PROCEEDS OF ABOUT $3.3 BILLION.SALE OF 97.6 MILLION SHARES IN CANADIAN NATURAL REPRESENTS ITS ENTIRE INTEREST IN CANADIAN NATURAL RESULTING IN TOTAL PRE-TAX PROCEEDS OF ABOUT $3.3 BILLION.  Full Article

Royal Dutch Shell selling 97.5 mln shares of Canadian Natural in bought deal worth about $3.3 bln- Globe and Mail
Tuesday, 8 May 2018 

May 7 (Reuters) - Canadian Natural Resources Ltd ::ROYAL DUTCH SHELL PLC IS SELLING 97.5 MILLION SHARES OF CANADIAN NATURAL RESOURCES LTD IN BOUGHT DEAL WORTH ABOUT $3.3 BILLION- GLOBE AND MAIL.  Full Article

Palm and Provincial House Estates to vote against sale of Flow Energy to Co-Operative Energy
Sunday, 29 Apr 2018 

April 29 (Reuters) - :PALM AND PROVINCIAL HOUSE ESTATES LTD ISSUED THE FOLLOWING STATEMENT TODAY REGARDING SHELL’S REFUSAL TO LET FLOWGROUP PLC SELL TO OVO ENERGY LTD.PALM - PALM GLOBAL SMALL CAP MASTER FUND, PALM ACTIVE ENERGY, PROVINCIAL HOUSE ESTATES LTD TO VOTE AGAINST SALE OF FLOW ENERGY LTD TO CO-OPERATIVE ENERGY.PALM - PALM ANNOUNCED THAT IT INTENDS TO FULLY SUPPORT AN ASSET SALE OF FLOW ENERGY LTD TO OVO ENERGY LTD. AS SOON AS PRACTICABLE.PALM - SHAREHOLDER EXPECTS TO REPORT SHELL’S ACTIONS TO THE COMPETITION AND MARKETS AUTHORITY "IF SALE TO CO-OPERATIVE ENERGY PROCEEDS".  Full Article

Shell Offshore Announces Final Investment Decision For Vito
Tuesday, 24 Apr 2018 

April 24 (Reuters) - SHELL OFFSHORE::SHELL OFFSHORE - FINAL INVESTMENT DECISION FOR VITO.SHELL OFFSHORE - VITO DEVELOPMENT CURRENTLY HAS ESTIMATED, RECOVERABLE RESOURCE OF 300 MILLION BOE.SHELL OFFSHORE - VITO DECISION SETS IN MOTION CONSTRUCTION AND FABRICATION OF NEW, SIMPLIFIED HOST DESIGN AND SUBSEA INFRASTRUCTURE.SHELL OFFSHORE SAYS VITO IS EXPECTED TO REACH PEAK PRODUCTION OF ABOUT 100,000 BARRELS OF OIL EQUIVALENT PER DAY.  Full Article

Shell To Sell Its Downstream Business In Argentina To Raízen
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Royal Dutch Shell PLC ::SHELL - SHELL TO SELL ITS DOWNSTREAM BUSINESS IN ARGENTINA TO RAÍZEN.SHELL - SALE INCLUDES BUENOS AIRES REFINERY, AROUND 645 RETAIL STATIONS, LPG, MARINE FUELS, AVIATION FUELS, BITUMEN, CHEMICALS AND LUBRICANTS BUSINESSES.SHELL - SALE DOES NOT INCLUDE SHELL’S UPSTREAM INTERESTS IN THE VACA MUERTA SHALE FORMATION.SHELL - BUSINESSES ACQUIRED BY RAÍZEN WILL CONTINUE RELATIONSHIPS WITH SHELL THROUGH COMMERCIAL AGREEMENTS, REPRESENTING ESTIMATED VALUE OF $0.3 BILLION..SHELL SAYS "SEES SUBSTANTIAL LONG-TERM GROWTH POTENTIAL IN ARGENTINA’S SHALE RESOURCES".  Full Article