Energy

Shell exits downstream business in Argentina
Big Business Energy

Shell exits downstream business in Argentina

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. Shell said in a statement The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas, marine fuels, aviation fuels, […]

Petrofac sells JSD6000 project to ZPMC $190 million
Energy Global

Petrofac sells JSD6000 project to ZPMC $190 million

London-based Petrofac said its subsidiary, Petrofac International (UAE) LLC has signed an agreement to sell the JSD6000 project to Shanghai Zhenhua Heavy Industries Co Ltd. The transaction comprises the sale of all JSD6000 related assets held by Petrofac, including the owner furnished equipment, for a gross consideration of US$190 million […]

Total boss Elisabeth Proust set to retire
Energy

Total boss Elisabeth Proust set to retire

Total E&P UK said that its Managing Director, Elisabeth Proust, will be retiring shortly, after 38 years of working for Total. Elisabeth began her career as a junior drilling supervisor with Elf Aquitaine (now Total) in 1980. An engineer by profession, she worked as one of the company’s development engineering […]