RDSA.L Share News (RDSA)

Wednesday broker round-up

(ShareCast News) - British American Tobacco: UBS reiterates hold with a target price of 5150p. Bovis: Jefferies reiterates hold, 886p target. Royal Dutch Shell: RBC upgrades to outperform with a 2500p target. Imperial Brands: Berenberg reiterates buy with a 4280p target. Barratt Developments: Deu

RBC Capital upgrades Shell to 'outperform'

(ShareCast News) - RBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform', keeping the price target at 2,500p. The bank said the recent OPEC and non-OPEC supply deals have put the oil market on a much firmer footing, removing some of its tail-risk concerns for the oil g

Vitol clinches $1 bln pre-finance oil deal with Iran-sources

* First big pre-finance since lifting of sanctions * Deal is mainly for refined products * Iran clawing back market share from rivals By Julia Payne and Rania El Gamal LONDON/DUBAI, Jan 4 (Reuters) - The world's largest oil trader, Vitol, has clinched a deal with the Natio

PRESS: BP Opts Out Of First Wave Of Iran Oil And Gas Deals - FT

UPDATE 2-Iran certifies 29 international companies to bid for oil, gas projects

(Adds BP not on list, background) By Tom Arnold DUBAI, Jan 2 (Reuters) - Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, the oil ministry news website SHA

Iran certifies 29 international companies to bid for oil, gas projects

DUBAI, Jan 2 (Reuters) - Iran has pre-qualified 29 companies from more than a dozen countries to bid for oil and gas projects using the new Iranian Petroleum Contracts, the oil ministry news website SHANA reported on Monday. The list included Shell, France's Total, Italy's Eni, Malaysia's P

European blue chip stocks offer great income opportunities -Barron's

By Jarrett Renshaw NEW YORK, Jan 1 (Reuters) - European blue-chip stocks Nestle , Royal Dutch Shell, Novartis and Unilever are expected to be among the best income-producing stocks of 2017, Barron's said in a report. Many European companies offering dividends finished in the red, hurt

Maersk Oil confirms plan to shut Tyra field in 2018

(Adds government quote) Dec 30 (Reuters) - Maersk Oil, a subsidiary of Danish shipping and oil company A.P. Moller-Maersk, confirmed in a statement on Friday that it planned to stop production at its Tyra gas field in October 2018 as it would no longer be economically viable. * Maersk

Italy prosecutors wrap up probe involving Eni CEO over Nigeria - sources

MILAN, Dec 22 (Reuters) - Italian prosecutors have wrapped up a probe into the head of Italian oil major Eni and others over alleged corruption in Nigeria, legal and judicial sources said on Thursday. The probe involves a total of 11 people, including Eni CEO Claudio Descalzi and former CEO

Shell completes $66m sale of stake in Malaysian refining business

(ShareCast News) - Oil giant Royal Dutch Shell on Thursday completed the sale of its 51% stake in its refining business in Malaysia for $66.3m. The FTSE 100 company sold its interest in the Shell Refining Company Berhad, which includes the 125,000 barrel per day refinery in Port Dickson to Malaysia

Chinese teapot refiner closes acquisition of stake in Shell Malaysia plant

BEIJING, Dec 22 (Reuters) - Private Chinese refiner Shandong Hengyuan Petrochemical Co closed a $66.3 million acquisition of a stake in Royal Dutch Shell's Malaysia oil plant on Thursday, according to Shell and a local media report. Hengyuan Petrochemical agreed in February to buy a 51 perc

Activist investor ramps up pressure on Shell to act on climate change

* Resolution requests annual carbon reduction targets * Founder says big shareholders helped draft the resolution By Karolin Schaps London, Dec 21 (Reuters) - Oil major Royal Dutch Shell is facing rising pressure from shareholders to shield its business from climate change thre

UPDATE 1-Shell's Martinez, Calif. refinery suffers power outage -filing

(Adds details on power outage) HOUSTON, Dec 19 (Reuters) - Shell lost power on Monday at its 156,400 barrel per day Martinez refinery near San Francisco, according to a filing with the California Governor's Office of Emergency Services. Flaring was ongoing following the outage, which

Flaring underway at Shell's Martinez, Calif. refinery -fire department

HOUSTON, Dec 19 (Reuters) - Shell was flaring on Monday at its 156,400 barrel per day Martinez refinery near San Francisco, California, a local fire official said by phone. Flaring typically occurs when restarting or shutting down a unit for maintenance, or where there is an unplanned inter

UPDATE 2-Idemitsu buys fewer Showa Shell shares after family opposes deal

* Idemitsu buys 31.3 pct Showa Shell * Idemitsu founding family still opposed to full merger * Regulator also approves JX Holdings' acquisition of TonenGeneral (Recasts to lead with completion of stake purchase) By Taiga Uranaka and Osamu Tsukimori TOKYO, Dec 19 (Reuters