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2017-08-17 15:05:00

SHELL SELLS SADAF FOR $820 MLN

SHELL SELLS SADAF FOR $820 MLN

SHELL - Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 January 2017. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia.

This acquisition will enable SABIC to optimise operations at SADAF and further invest in the facilities, integrating them with SABIC's other affiliates. This step will allow Shell to focus its downstream activities and make selective investments to support the growth of its global chemicals business. Completion of this deal shows the clear momentum behind Shell's global, value-driven $30bn divestment programme.

This deal does not impact Shell's other interests in the Kingdom of Saudi Arabia.

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Earlier:  

SHELL INCOME $1.55 BLN

SHELL INCOME $1.55 BLN SHELL INCOME $1.55 BLN Royal Dutch Shell Chief Executive Officer Ben van Beurden commented: “Shell’s strong results this quarter show that we are reshaping the company following the integration of BG. Cash generation has been r ...
2017-07-28  

GAZPROM - SHELL LNG

ГАЗПРОМ - ШЕЛЛ СПГ GAZPROM - SHELL LNG As oil prices sag despite OPEC’s renewed efforts to shore up world crude markets, Wall Street banks have more bad news for the producer group: the outlook for next year isn’t great either. Alexey Miller, Chairma ...
2017-06-05  

SHELL DIVESTS CANADA $8.2 BLN

SHELL DIVESTS CANADA $8.2 BLN SHELL DIVESTS CANADA $8.2 BLN Under the first agreement, Shellhas completed the sale to a subsidiary of Canadian Natural Resources Limited (“Canadian Natural”) its entire 60% interest in AOSP, its 100% interest in the P ...
2017-06-01  

SHELL INCOME $3.5 BLN

SHELL INCOME $3.5 BLN SHELL INCOME $3.5 BLN Compared with the first quarter 2016, CCS earnings attributable to shareholders excluding identified items increased by $2.2 billion, mainly driven by higher contributions from Upstream and Chemicals, partl ...
2017-05-06  

NORD STREAM - 2 INVESTMENT

... e Nord Stream 2 pipeline project with ENGIE, OMV, Shell, Uniper and Wintershall. Nord Stream 2 AG signed financing agreements for the Nord Stream 2 pipeline project with ENGIE, OMV, Shell, Uniper and Wintershall. ...
2017-04-25  

SHELL DOUBLE LNG

SHELL DOUBLE LNG SHELL DOUBLE LNG A government panel said in a report in April 2015 that Hazira LNG will look to expand the capacity of its LNG terminal in the western state of Gujarat by 50% to 7.5 MMtpy in the fiscal year to March 2017. A governmen ...
2017-04-03  

SHELL DIVESTS CANADA $7.25 BLN

SHELL DIVESTS CANADA $7.25 BLN SHELL DIVESTS CANADA $7.25 BLN Shell will sell to a subsidiary of Canadian Natural Resources Limited (“Canadian Natural”) its entire 60 percent interest in AOSP, its 100 percent interest in the Peace River Complex in-si ...
2017-03-10

 

 

Tags: SHELL, SADAF, SAUDI, SABIC

Chronicle:

SHELL SELLS SADAF FOR $820 MLN
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

SHELL SELLS SADAF FOR $820 MLN
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

SHELL SELLS SADAF FOR $820 MLN
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

SHELL SELLS SADAF FOR $820 MLN
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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