Shell Appoints New Head of Refining
Royal Dutch Shell has appointed Huibert Vigeveno to head its downstream businesss, the refining operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy.Vigeveno, 50, previously led Shell's global commercial…
Aramco Buys Shell's Stake in Saudi JV
The Saudi Arabian Oil Company (Saudi Aramco) is planning to buy oil major Shell's 50% stake in Saudi Aramco Shell Refining Co (SASREF), a Saudi refining complex developed as a joint venture between the two oil companies, for $631 million.Abdulaziz Al-Judaimi…
Shell to Sell its Downstream Business in Argentina
Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for $0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas…
Shell Bets on Petrol Stations as Electric Revolution Looms
Shell to build 10,000 new petrol stations by 2025 with China, India and Mexico as primary growth targets. Royal Dutch Shell is placing a big bet on petrol stations and convenience stores in China, India and Mexico as it looks to shore up profits during the electric car revolution.
Shell eyes Asia Moves, Vehicle Recharging Stations
Shell is world's biggest fuel station operator; will focus on downstream earnings as crude price falls. Royal Dutch Shell aims to expand marketing operations in Asia and wants 20 percent of sales from its fuel stations worldwide to come from recharging electric vehicles and low carbon fuels by 2025…
Shell Announces Sale to DCC Energy
Shell has announced the conditional sale of its Liquefied Petroleum Gas (LPG) business in Hong Kong and Macau to DCC Energy for a total enterprise value of US$ 150.3 million (approximately HK$ 1,165 million). John Abbott, Shell Downstream Director,…
Shell Organizational Changes in N. America
Royal Dutch Shell announced that after a 34-year career with the company, Unconventional Resources Director and U.S. Country Chair, Marvin Odum, will leave Shell at the end of March, 2016. Concurrent with Marvin’s departure, and in a move that will simplify Shell’s structure…
Idemitsu to Buy Showa Shell Shares
Shell has reached an agreement with Idemitsu for the sale of 125,261,200 shares in Showa Shell Sekiyu KK, representing a 33.24% shareholding in the company, for a total amount of JPY 169 billion (approximately US$1.4 billion). Shell will retain a 1.80% holding in the company.
For Striking Refinery Workers, Shell Shows a New Face
At tense meetings just days before the first major U.S. refinery strike in 35 years was called on Sunday, union leaders grew increasingly pessimistic about getting a new labor contract and a sizable wage increase. "The chances of there being an agreement are that of a snowball in hell…
Shell's Refining Business Looks for Strength in Chemicals
Royal Dutch Shell is betting on chemicals, lubricants and retail fuel sales to help it boost the performance of its downstream division where oil refining will remain a drag on earnings in many regions for years to come. Downstream, which combines oil refining…
