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All publications by tag «SHELL»

All publications by tag
2015, December, 23, 19:25:00

SHELL CUT PLAN BY $2 BLN

Shell has already taken action to cut costs and reduce spending this year by $12 billion, but Tuesday’s announcement of a $33 billion target for next year is $2 billion below the company’s previous guidance.

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2015, December, 15, 19:35:00

SHELL WANTS TO LEAVE

Shell is consulting experts and commercial partners about what to do with the reinforced concrete base structures, each of which rises 160m from the seabed and weighs about 300,000 tonnes. The low oil price has put companies under pressure to shut facilities as cheaply as possible.

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2015, December, 15, 19:30:00

SHELL CUTS 2,800 JOBS

Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc.

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2015, December, 11, 19:40:00

SHELL SELLS NEW ZEALAND

"These assets are profitable, well maintained and are an important part of New Zealand's energy mix," Shell New Zealand Chairman Rob Jager said in a statement Thursday. "The Shell business in New Zealand is great, but a small part of the global Shell business and hence the decision to undertake a strategic review at this time."

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2015, November, 20, 20:00:00

CHINA WANTS LNG

For China, the opportunity to re-negotiate existing liquefied natural gas (LNG) supply contracts with Shell, which combined with BG would supply around 30 percent of its imports by 2017, comes at an ideal time because the world's top energy consumer faces a large surfeit over the next five years.

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2015, November, 20, 19:25:00

QATAR SELLS $1.5 BLN

The Qatar Investment Authority has sold its shares in Shell and BG for $1.5bn, according to Qatar’s Al Sharq Media.

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2015, November, 19, 19:30:00

STATOIL LEAVES ALASKA

Statoil ASA announced that it will vacate leases it holds in the Chukchi Sea off Alaska and close its office in Anchorage because they are no longer competitive. Its Nov. 17 action came after Shell Offshore Co. made a similar move with its Alaska federal offshore leases for the same reason.

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2015, November, 12, 19:30:00

TAKEOVERS $500 BLN

The world’s six largest publicly traded oil producers have more than a half-trillion dollars in stock and cash to snap up rival explorers.

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2015, November, 5, 19:45:00

EUROPE PAYS $8 BLN

Royal Dutch Shell Plc, Total SA and BP Plc will retain $8 billion a year in cash by giving investors the option of receiving payouts in shares instead, according to Jean-Pierre Dmirdjian, an analyst at Liberum Capital Ltd. That’s equivalent to about 8.5 percent of total cash and equivalents currently on their books, making the so-called scrip dividend a vital tool as companies curb spending to ride out the slump in oil prices.

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2015, November, 5, 19:20:00

SHELL WILL SELL $20 BLN

It plans to sell $20 billion of asset in the two years to the end of 2015 and reiterated a plan to dispose off $30 billion from 2016 to 2018, following the acquisition of BG Group.