Tag: Shell

Shell Shareholders approve CEO Pay by 75 percent
Energy

Shell Shareholders approve CEO Pay by 75 percent

Royal Dutch Shell shareholders have approved the 2017 management remuneration, including Chief Executive Officer Ben van Beurden’s EUR8.9 million ($10.51 million) package, by a majority of 75 percent, Reuters reports. The 2016 remuneration resolution won the support of more than 92 percent of shareholders. Board member Gerard Kleisteree, who heads […]

Shell declares force fajeure on Bonny Light
Energy

Shell declares force fajeure on Bonny Light

Royal Dutch Shell’s subsidiary, SPDC said it has declared force majeure on its Bonny Light crude exports. According to Reuters News, SPDC said in a statement that the shutdown of the Nembe Creek Trunk Line had prompted the force majeure. Reuters said exports of Bonny Light are expected to run […]

Milan Court postpones Shell, Eni fraud case
Energy

Milan Court postpones Shell, Eni fraud case

The trial of Shell and Eni executives over alleged corruption in Nigeria which expected to start in Milan today has been postponed until 20 June, 2018. There we indications that the Judge in the preliminary hearing forgot to read a page of the charges against Shell, hence, Shell lawyers called […]

Total, Shell enter gas JV in Oman
Energy Global

Total, Shell enter gas JV in Oman

French oil giant, Total said it has signed an with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses. Total said it will alongside Shell develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 […]

Shell writes off Groningen gas field
Big Business

Shell writes off Groningen gas field

Royal Dutch Shell said it would write off reserves in the Groningen gas field, one of Europe’s largest. Shell said it is taking the decision following the Dutch government’s decision to phase out production by 2030. The Anglo-Dutch company holds a 50 percent stake in the field, which has seen […]

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, […]