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Shell sells interests in North Sea assets

Fri, 14th Feb 2014 15:40

Royal Dutch Shell is set to sell its interests in three of its North Sea assets as it ramps up disposals following a shock profit warning. The oil giant is selling the Anasuria floating production, storage and offloading installation, and the Nelson and Sean platforms.The company said it wants to focus on assets where it sees an opportunity for long-term growth amid pressure to tighten spending as costs rise. Glen Cayley, Vice President of Upstream Shell UK and Ireland, said: "The UK is an important business region for Shell, and our investment strategy continues to focus on assets where we see an opportunity for growth using our world-class technological know-how."We are focusing and strengthening our portfolio for the decades ahead with many exciting projects such as new wells we are drilling at Shearwater, our investment in extending the life of Gannet, our investments in the non-operated ventures of Schiehallion and Clair and our purchases, last year, of a further interest in Beryl and the Curlew floating production, storage and offloading (FPSO) vessel."Shares were little changed at 2,128.50p at 16:03 on Friday.RD
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10 Dec 2021 12:17

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10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

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10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

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10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

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10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

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9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

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9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

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6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

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6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

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6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

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5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

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3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

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3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

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3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

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3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

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