- 03 Oct 2006 10:11
Royal Dutch Shell Group is an Integrated oil company. The Royal Dutch/Shell Group of Companies consists of the upstream businesses of Exploration & Production and Gas & Power and the downstream businesses of Oil Products and Chemicals. It also has interests in other industry segments such as Renewables and Hydrogen.
Red = 25 day moving average. Green = 200 day moving average.
- 03 Oct 2006 10:11
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- 06 Oct 2006 13:53
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Reuters - Fri Oct 6, 2006 1:44 PM
Fighting forces Shell to shut Nigeria pump station
ABUJA, Oct 6 (Reuters) - Gun battles between Nigerian militants and troops in the Niger Delta have forced Royal Dutch Shell (RDSa.L: Quote, Profile, Research) to shut a 9,000 barrel-a-day oil pumping station, company sources said on Friday.
The closure of the Ekulama I flow station was the first impact on oil output from a surge in violence in the eastern part of the Niger Delta this week, and adds to almost 500,000 barrels a day shut since February in the west.
"The recent attacks in the east around Cawthorne Channel have led to a further shut-in of 9,000 barrels per day," a Shell source said, asking not to be named.
Fighters with the Movement for the Emancipation of the Niger Delta (MEND) stormed an oil workers' houseboat at Ekulama on Wednesday in one of two confrontations with the military in which the militants said 17 soldiers were killed.
Fighting continued in the area on Thursday and industry sources said there were 35 militant speed boats full of fighters cruising around the creeks.
These sources said the militants had been shooting rifles at pipelines, but a MEND spokesman said the pipelines were damaged by fire from the military's helicopter gunship.
"The helicopter gunship punctured most of the pipelines in several areas causing crude oil and possibly refined products to seep out. That chopper fires .50 calibre rounds," the spokesman said in an email to Reuters.
- 22 Oct 2014 09:05
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Shell announces Gabon deep-water gas discovery
The Hague, 22 October 2014. Shell today announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir.
Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners are planning to undertake an appraisal programme to further determine the resource volumes.
"Shell has been exploring in Gabon for over 50 years. This latest deep water discovery is a testament to the innovation of our explorers in pursuing new plays, and application of our global sub-surface expertise," said Andy Brown, Shell Upstream International Director. "We are proud to be sharing this success with CNOOC Limited, our partner in the licence."
Leopard-1 was drilled in license BCD10, operated by Shell (75%). Second partner in the venture is CNOOC Limited (25%).
This frontier discovery follows recent deep water exploration successes in the heartlands for Shell Exploration in the Gulf of Mexico and Malaysia.
Note to editors
Frontier is one of the themes that Shell distinguishes in its exploration portfolio which covers under explored basins. Pre-salt means that the target reservoir is situated below a layer of salt which is a very good seal for hydrocarbons.
- 09 Jun 2015 08:29
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1800p looking likely, imo.
- 07 Jul 2015 08:41
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Same here, as with RDSB. Still on my watchlist and hopefully cash ready for the turn around.
- 30 Jul 2015 08:20
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Shell says its Q2 current cost of supplies (CCS) earnings came in at $3.4bn, from $5.1bn previously. Total dividends distributed in the quarter were $3.0bn. A Q2 dividend of $0.47 per share and $0.94 per American Depositary Share were announced.
During the quarter, the Malaysia LNG Dua Joint Venture Agreement ("JVA") expired and Shell transferred its 15% shareholding to Petronas, in accordance with the original JVA terms.
As part of its global exploration programme, Shell added new acreage positions following successful bidding results in the United States, the United Kingdom and Indonesia.
In July, the Browse Joint Venture agreed to enter the front end engineering and design ("FEED") phase for the proposed non-operated Browse Floating Liquefied Natural Gas (FLNG) development (Shell interest 27%), using Shell FLNG technology. The proposed development is expected to deliver around 12 million tonnes per annum of LNG.
In July, Shell announced the final investment decision ("FID") to advance the Appomattox deep-water development (Shell interest 79%) in the United States. The Appomattox platform will be Shell's seventh 4-column host in the Gulf of Mexico. The Appomattox development will initially produce from the Appomattox and Vicksburg fields, with average peak production estimated to reach approximately 175 thousand barrels of oil equivalent per day (boe/d).
In July, Shell announced that it reached an agreement with Kinder Morgan, Inc. for the sale of Shell's entire 49% equity interest in Elba Liquefaction Company, LLC, the owner of the Elba Liquefaction Project, which is proposed to be constructed and operated at the existing Elba Island LNG Terminal in the United States.
In France, Shell received a binding offer of euro 464 million ($529 million) from DCC Energy for its Butagaz Liquefied Petroleum Gas business. The transaction, subject to regulatory approvals following staff consultations, is expected to complete in 2015.
In the United States, Shell Midstream Partners, L.P. announced the execution of a purchase and sale agreement to acquire additional interests in Zydeco Pipeline Company and Colonial Pipeline Company for $448 million from Shell Pipeline Company. The acquisition will increase Shell Midstream Partners' ownership interest in Zydeco from 43.0% to 62.5% and in Colonial from 1.612% to 3.0%.
Also in the United States, Shell Pipeline Company sold its 100% interest in the Port Arthur Products Station and Shell Ex Facility, known as PAPS, to Colonial Pipeline Company.
In July, Shell Midstream Partners, L.P. completed the acquisition of a 36% equity interest in Poseidon Oil Pipeline Company for $350 million from Equilon Enterprises LLC, a subsidiary of Shell Oil Products US.