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2014-09-15 18:05:00

SHELL PLANS: $15 BLN

SHELL PLANS: $15 BLN

Royal Dutch Shell has revived plans to dispose of its European liquefied petroleum gas business four years after a second failed attempt to sell the assets.

The Anglo-Dutch group has appointed Credit Suisse to advise on an auction, four people with knowledge of the decision said. The assets could be valued at as much as €1bn, including debt, and are expected to attract bids from private equity groups as well as trade buyers, they said.

Shell sought to offload the unit, the bulk of which consists of French company Butagaz, in 2004 but pulled the sale because offers fell short of its asking price. in 2010 a disposal…

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Tags: SHELL, EU, GAS, LPG
Chronicle:
SHELL PLANS: $15 BLN
2020, February, 24, 10:23:00
SAIPEC EXIBITION, CONFERENCE 25-27 FEB 2020
WELCOME TO THE 4TH SUB SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE - OIL AND GAS AS AN ENABLER FOR ECONOMIC TRANSFORMATION IN SUB-SAHARAN AFRICA
SHELL PLANS: $15 BLN
2020, February, 24, 10:20:00
ARGENTINA'S RENEWABLE UP BY 86%
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SHELL PLANS: $15 BLN
2020, February, 24, 10:15:00
BRAZIL'S SOLAR POWER UP BY 19%
Brazil's solar power output in the first 15 days of the month went up to 587 average megawatts (MWa) from 495 MWa a year ago for a 18.6% increase.
SHELL PLANS: $15 BLN
2020, February, 24, 10:10:00
SAUDI'S ECONOMY GROWTH
“GDP growth in Saudi Arabia is projected to see an upturn in 2020,” said Kholifey. “Monetary, fiscal and structural policies in my country are all geared towards an expansion of the private non-oil sector GDP over the medium term,” he said.
SHELL PLANS: $15 BLN
2020, February, 24, 10:05:00
COLOMBIA'S GDP UP 3.3%
Despite slower regional and global growth, real GDP grew 3.3 percent in 2019 and is forecast to grow by 3.4 in 2020 led by internal demand. Sustained immigration, remittances, and accommodative monetary and credit conditions are expected to continue supporting private domestic demand, including rising investment. Notwithstanding growth resilience, the labor market remained weak in 2019.
SHELL PLANS: $15 BLN
2020, February, 24, 10:00:00
URUGUAY'S GDP GROWTH 2.1-2.5%
URUGUAY'S GDP growth is expected to rebound from an estimated 0.5 percent in 2019 to 2.1 percent in 2020 and 2.5 percent in 2021
SHELL PLANS: $15 BLN
2020, February, 24, 09:55:00
U.S. RIGS UP 1 TO 791
U.S. Rig Count is up 1 rig from last week to 791, Canada Rig Count is down 11 rigs from last week to 244
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