Royal Dutch Shell Plc has invited binding bids from parties including Ineos AG and Blackstone Group LP-backed Siccar Point Energy for the sale of some of its U.K. North Sea assets worth about $2 billion, according to people familiar with the matter.
Russian oil giant Rosneft is expected to follow Shell and BP into the Indian fuel retail market with the acquisition of a stake in Essar Oil, a news report said.
Japanese refiner Idemitsu Kosan Co. will delay a planned April 2017 merger with domestic rival Showa Shell Sekiyu K.K. amid opposition from its founding family.
Transocean has issued $600million in secured notes due 2024 to finance the construction of a drillship which started work on a contract for Shell earlier this year.
Bulgaria 's anti-monopoly commission said six oil companies operating on the retail fuel market have allegedly been involved in cartel agreements on prices.
Ports in the north-east of Scotland must band together with their UK neighbours to fend off the challenge from Norway and the Netherlands for decommissioning work.
In a video shot for Shell’s enhanced high specification fuel, V Power, Kimi Räikkönen takes on the role of a fireman. Unfortunately, Malaysian fireman Mohd Uzair Abdullah does not speak English, but Räikkönen has an excellent grasp of the language. See how he gets on in his new “day job” below:
Shell’s plans to sell as much as P29.7billion worth of shares on the Philippine Stock Exchange would be a landmark initial public offering (IPO) for the region.
Rather than quaking at the prospect of being slapped with a fine, North Sea firms are glad the Oil and Gas Authority (OGA) has been armed with new powers, the regulator’s boss said.
MISC’s wholly owned subsidiary Gumusut-Kakap Semi-Floating Production System (GKL) has kick-started arbitration proceedings against the Malaysian subsidiary of Shell.
A campaign group is urging Shell and BP shareholders to use binding votes on pay plans to encourage bosses to embrace green energy, a news report said yesterday.