Shell’s Nigeria & UK sales won’t be ‘big money’, Deutsche Bank says
Article by Jamie Ashcroft published by proactive investors on Feb 20, 2014
Deutsche Bank says it makes ‘strategic sense’ for Shell (LON:RDSB) to sell off assets in the UK and Nigeria, though its analysis doesn’t suggest they would be big money deals.
The German bank said, in a note to investors, that the noise around potential divestments is building and it is becoming clearer which assets will go under the hammer.
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Shell sells Italian retail business to Kuwait Petroleum
Reuters article published LONDON Thu Feb 20, 2014 10:47am GMT
Feb 20 (Reuters) – Anglo-Dutch oil and gas major Shell said on Thursday it has agreed to sell its Italian retail and aviation business to Kuwait Petroleum International.
“The sale is consistent with Shell’s strategy to concentrate Shell’s downstream footprint on a smaller number of assets…
Woodside CEO Seeks Shell Exit Decision on $6.6 Billion Stake
Extract from Bloomberg News article by James Paton Feb 20, 2014 5:53 AM GMT
Woodside Petroleum Ltd. (WPL),Australia’s second-largest oil and gas producer, pressed Royal Dutch Shell Plc (RDSA) to take action on its A$7.3 billion ($6.6 billion) stake in the company, saying investors want “certainty.”
Shell’s move to accelerate asset sales to free cash for new projects is seen as increasing the likelihood the Anglo-Dutch company will finally divest its remaining stake in Woodside. The company is trying to win investors’ confidence after its fourth-quarter profit fell to the lowest since 2009.
AIMS partners with Shell and INPEX to help protect against oil spills
Extract from article in GAS TODAY published Thu, 20 February 2014
The Australian Institute of Marine Science (AIMS), Shell Development Australia and INPEX subsidiary INPEX Operations Australia are set to develop comprehensive environmental baselines to monitor the health of waters off North Western Australia.
The partnership also incorporates comprehensive plans for monitoring the marine environment in the unlikely event of loss of containment from either Shell’s Prelude or INPEX’s Ichthys Project wells.
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