Royal Dutch Shell Plc has sold its downstream Australian assets
Reuters Deals of the day – Mergers and acquisitions: Wed 19 Feb 2014
Feb 19 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Wednesday: Royal Dutch Shell Plc has sold its downstream Australian assets to Dutch-owned oil trader Vitol SA and the Abu Dhabi Investment Council for about A$2.4 billion ($2.2 billion), The Australian Financial Review reported.
House Of Reps Cancel $1.1bn Malabu Oil Deal
Daily Times of Nigeria article by Ugochukwu Onyeocha: 19 Feb 2014
The Nigerian House of Representatives on Tuesday in Abuja, ordered the immediate cancellation of the fraudulent sale of a lucrative oil bloc OPL 245 to oil firms, Shell and Agip, in a shady deal facilitated with the payment of $1.1 billion (about N165 billion) to a convicted former petroleum minister, Dan Etete.
Woodside may ditch Shell stake
Melbourne Herald Sun Article by John Dagge: 19 Feb 2014
WOODSIDE Petroleum says it has not consulted major shareholder Shell about its foray into Israel — an international push which analysts say complicates the oil giant’s relations with key Arabic customers. Woodside’s move to take a slice of Israel’s Leviathan field — one of the largest offshore gas finds of the past decade — has raised speculation Shell will look to offload its 23 per cent stake in the company to avoid conflicts with major oil producers. Key oil producers and Shell clients, such as Saudi Arabia, have a trading and investment boycott on Israel.
RELATED: Is Shell STILL anti-Semitic?: 3 April 2013
Shell refinery sale puts 500 jobs at risk in Victoria
THE GUARDIAN: Article by Martin Farrer: Wed 19 Feb 2014
Victoria faces another blow to its economy after Royal Dutch Shell reportedly sold Geelong refinery, putting 500 jobs at risk. The oil major sold the asset and its Australian petrol stations to Dutch-owned oil trader Vitol and the Abu Dhabi Investment Council for about $2.4bn, Fairfax Media reports. It is believed that Vitol, the world’s largest oil trader, has earmarked the 60-year-old refinery for closure…
Australia: Shell sells local assets for $2.4bn: report
THE AUSTRALIAN: FEBRUARY 19, 2014
ROYAL Dutch Shell has sold its downstream assets in Australia, including petrol stations and its Geelong refinery to Vitol for an estimated $2.4 billion, Fairfax Media reports. Last month, Shell sold stakes in a gas project in Western Australia for $1.14 billion as part of the oil company’s drive to improve its return on investment. It is understood Vitol, the world’s largest oil trader, plans to shut down Shell’s Geelong refinery…
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