Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Shell says it completes permanent shutdown of Convent, Louisiana, refinery

Mon, 14th Dec 2020 17:39

(Adds details background)

By Erwin Seba

HOUSTON, Dec 14 (Reuters) - Royal Dutch Shell Plc
completed the permanent shutdown of its 211,146 barrel-per-day
(bpd) Convent, Louisiana, refinery over the weekend, a company
spokesman said on Monday.

"I can confirm all Convent operating units are shut down as
of this weekend," said Shell spokesman Curtis Smith. "We will
now move to the decontamination and preservation phase which
will take a number of months."

Sources familiar with plant operations told Reuters on Dec.
3 that plans called for the refinery to be completely idled by
Sunday.

Shell has been unable to sell the refinery since putting it
on the auction block in July. The plant became unprofitable in
March as fuel demand was hammered in the COVID-19 pandemic.
Shell said on Nov. 5 it would shut the refinery.

Layoffs of employees are expected to begin in the first
quarter of 2021 and continue into the third quarter of that
year, sources have told Reuters. Workers are needed to clean up
equipment and prepare it for mothballing, the sources said.

Shell plans to continue marketing the refinery, the sources
have said.
(Reporting by Erwin Seba; Editing by David Gregorio)

More News
28 Oct 2021 07:22

UPDATE 7-Shell says break-up of group would not work in real life

* Activist shareholder Loeb called for break-up of Shell* Q3 adj. earnings of $4.1 bln below analysts' forecast* New climate target is absolute, not intensity-based (Adds comments from top shareholder, updates price, adds graphic)By Shadia Nasralla...

Read more
28 Oct 2021 07:22

UPDATE 5-Shell says break-up of group would not work in real life

* Activist shareholder Loeb called for break-up of Shell* Q3 adj. earnings of $4.1 bln below analysts' forecast* $7 bln Permian shareholder payouts to start next year* New climate target is absolute, not intensity-based (Adds analyst, investor view ...

Read more
28 Oct 2021 07:22

UPDATE 4-Shell says break-up of group would not work in real life

* Activist shareholder Loeb called for break-up of Shell* Q3 adj. earnings of $4.1 bln below analysts' forecast* $7 bln Permian shareholder payouts to start next year* New climate target is absolute, not intensity-based (Releads with Shell comments ...

Read more
28 Oct 2021 07:22

UPDATE 3-Shell toughens climate targets as Q3 profit misses forecasts

* Q3 adj. earnings of $4.1 bln below analysts' forecast* $7 bln Permian shareholder payouts to start next year* New climate target is absolute, not intensity-based (Adds detail on cashflow and debt in quarter)By Shadia NasrallaLONDON, Oct 28 (Reuter...

Read more
28 Oct 2021 07:22

UPDATE 2-Shell sets tougher climate targets, Q3 profit below expectations

* Q3 adj. earnings of $4.1 bln below analysts' forecast* $7 bln Permian shareholder payouts to start next year* New climate target is absolute, not intensity-based (Adds graphic, detail on earnings, production volumes, outlook)By Shadia NasrallaLOND...

Read more
28 Oct 2021 07:22

UPDATE 1-Shell's third-quarter profit falls, hones climate targets

(Adds detail)LONDON, Oct 28 (Reuters) - Royal Dutch Shell set a new target for its direct operational greenhouse gas emissions on Thursday, reporting third-quarter profit down 25% to $4.13 billion from the previous quarter, below expectations.Shel...

Read more
28 Oct 2021 07:05

Shell's third-quarter profit falls to $4.1 bln, below expectations

LONDON, Oct 28 (Reuters) - Royal Dutch Shell's third-quarter adjusted earnings fell 25% to $4.13 billion from the previous quarter, it said on Thursday, below an average analyst forecast provided by the company for a $5.31 billion profit.That com...

Read more
28 Oct 2021 07:03

Shell Q2 profits hit by Hurricane Ida, sets new climate target

(Sharecast News) - Royal Dutch Shell reported lower-than-expected third-quarter adjusted earnings despite higher fuel prices as it took a $400m hit from Hurricane Ida on operations and said it was setting new targets for carbon emission cuts.

Read more
27 Oct 2021 20:46

UPDATE: Shell notes talks with Third Point as activist calls for split

UPDATE: Shell notes talks with Third Point as activist calls for split

Read more
27 Oct 2021 20:20

PRESS: Third Point builds massive Shell stake, pushes for split

PRESS: Third Point builds massive Shell stake, pushes for split

Read more
27 Oct 2021 18:26

North Sea Crude-Brent diffs fall, Equinor bids for Gullfaks

LONDON, Oct 27 (Reuters) - North Sea Brent crude differentials fell to a three-week low on Wednesday on the back of Gunvor selling a cheaper cargo to Mercuria, while the trading window also saw an extremely rare appearance of the Norwegian Gullfa...

Read more
27 Oct 2021 16:57

LONDON MARKET CLOSE: FTSE 100 dips but budget buoys homebuilders, pubs

LONDON MARKET CLOSE: FTSE 100 dips but budget buoys homebuilders, pubs

Read more
27 Oct 2021 16:57

UPDATE 4-Hedge fund Third Point buys stake in Shell, urges breakup

(New throughout, adds details from letter, Third Point history, activism in oil industry)By Arathy S Nair and Svea Herbst-BaylissOct 27 (Reuters) - Hedge fund Third Point has built a large stake in Royal Dutch Shell and called on the oil major to ...

Read more
27 Oct 2021 16:57

UPDATE 3-Third Point builds $750 mln stake in Shell, urges breakup

(Releads with source comment, letter from Third Point)By Arathy S NairOct 27 (Reuters) - Activist investor Daniel Loeb's Third Point has built a near $750 million stake in Royal Dutch Shell , a source close to the matter told Reuters on Wednesday,...

Read more
27 Oct 2021 16:57

UPDATE 2-Third Point takes big stake in Shell, urges breakup - WSJ

(Adds background on Shell, rivals' plans to spin off renewables businesses)Oct 27 (Reuters) - Activist investor Daniel Loeb's Third Point took a large stake in Royal Dutch Shell and has urged the European oil major to split into two separate comp...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.