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2018-10-19 10:30:00

SHELL SELLS $1.9 BLN

SHELL SELLS $1.9 BLN

SHELLRoyal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating interest in the Danish Underground Consortium (DUC).

The sale is subject to regulatory approval and expected to be completed in 2019. The transaction's effective…

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Tags: SHELL, NORECO
Chronicle:
SHELL SELLS $1.9 BLN
2019, September, 23, 14:02:00
EURO CLIMATE CHANGE 2019
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SHELL SELLS $1.9 BLN
2019, September, 23, 14:00:00
U.S. PETROLEUM DEMAND 21.5 MBD
Total U.S. petroleum demand of 21.5 mb/d was highest for any month since August 2005; Improved infrastructure helped increase supply and lower prices; Highest U.S. petroleum exports (8.1 mb/d) for the month of August; and Total inventories increased year-on-year for the ninth consecutive month.
SHELL SELLS $1.9 BLN
2019, September, 23, 13:55:00
DUBAI: THE 8TH POSITION OF GFCI
Dubai has risen the ranks of the Global Financial Centres Index, GFCI, to the eighth position, representing its highest ever-ranking. The city is the only financial centre within the Middle East, Africa and South Asia, MEASA, to appear within the top 10 rankings, placing it alongside other pivotal financial hubs such as London, New York, Hong Kong and Singapore.
SHELL SELLS $1.9 BLN
2019, September, 23, 13:50:00
UAE GDP WILL UP 2.4%
Real economic growth in the UAE, as estimated by Central Bank of the United Arab Emirates, exhibited Y-o-Y growth of 2.2 percent in Q2 -2019, lower than in the previous quarter. The bank expects national economy to grow 2.4 pc in 2019, driven by faster growth in the non-oil sector.
SHELL SELLS $1.9 BLN
2019, September, 23, 13:45:00
ROSNEFT INVESTMENT FOR INDIA
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SHELL SELLS $1.9 BLN
2019, September, 23, 13:40:00
U.S. RIGS DOWN 18 TO 868
U.S. Rig Count is down 18 rigs from last week to 868, with oil rigs down 14 to 719, gas rigs down 5 to 148, and miscellaneous rigs up 1 to 1. Canada Rig Count is down 15 rigs from last week to 119, with oil rigs down 11 to 82 and gas rigs down 4 to 37.
SHELL SELLS $1.9 BLN
2019, September, 20, 15:45:00
OIL PRICE: NEAR $64
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