New User:

-or-
Username:
Password:
Forgot your password?
News Breaks
08:27 EDTRDS.A
theflyonthewall.com: Essar, Shell refinery deal may be sealed in a month, Business Standard says
According to the Business Standard's sources, Essar Oil is likely to seal the deal with Royal Dutch Shell (RDS.A) to buy its three refineries — two in Gemany and one in the UK — in over a month’s time, sources close to the development said. Essar Oil had last month entered into exclusive talks with Shell to buy its Heide and Harburg refineries in Germany and the Stanlow plant in the UK. Refining capacities of these refineries is pegged at around 5,000,000 a barrel per day. “Both the companies have reached consensus on several issues regarding the deal and supply and product offtake agreements have been signed. Essar will supply products to Shell from the refinery after the takeover,” said the source. He, however, refused to divulge the financial details of the deal saying negotiations were underway on that front. When contacted by Business Standard, Essar Oil spokesperson said, “We are in exclusive discussions with Shell. It is not our policy to comment on our negotiations and timelines.” Reference Link :theflyonthewall.com



News For RDS.A From The Last 14 Days
Check below for free stories on RDS.A the last two weeks.
There are 16 items on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing.
February 9, 2010
05:42 EDTRDS.A
theflyonthewall.com: Royal Dutch Shell upgraded to Overweight from Underweight at HSBC
:theflyonthewall.com

February 8, 2010
12:49 EDTRDS.A
theflyonthewall.com: Lobbyists trying to postpone or block greenhouse gas regulation, Politico says

Subscribe for More Information
:theflyonthewall.com
06:29 EDTRDS.A
theflyonthewall.com: BP facing shareholder revolt over oil sands development, U.K. Times reports

Subscribe for More Information
:theflyonthewall.com

February 5, 2010
08:02 EDTRDS.A
theflyonthewall.com: Emerson Electric and Shell sign multi-year global framework agreement
Emerson Process Management, a global business of Emerson (EMR), announced it has entered into a 5-year Global Framework Agreement with Shell (RDS.A) to serve as a Main Automation Contractor on future capital projects globally. Under the Agreement, Emerson will provide project and support services for Main Automation Systems, including Distributed Control Systems and Safety Instrumented Systems. The contract also provides for ongoing maintenance of existing systems, plus the supply of new systems for Brownfield and Greenfield facilities. :theflyonthewall.com
07:25 EDTRDS.A
theflyonthewall.com: Royal Dutch Shell reevaluates its businesses, WSJ reports

Subscribe for More Information
:theflyonthewall.com

February 4, 2010
12:06 EDTRDS.A
theflyonthewall.com: On The Fly: European Markets Wrap-up

Subscribe for More Information
:theflyonthewall.com
06:33 EDTRDS.A
theflyonthewall.com: Shell to cut 1,000 jobs as Q4 profits tumble, FT reports

Subscribe for More Information
:theflyonthewall.com
05:35 EDTRDS.A
theflyonthewall.com: Royal Dutch Shell reports Q4 adjusted profit $2.8B vs. Bloomberg estimate $2.88B

Subscribe for More Information
:theflyonthewall.com

February 3, 2010
06:52 EDTRDS.A
theflyonthewall.com: IEA: Oil demand has peaked in the developed world, Reuters reports

Subscribe for More Information
:theflyonthewall.com

February 2, 2010
07:15 EDTRDS.A
theflyonthewall.com: Exxon, acting like a wildcatter, embraces risky exploration, WSJ reports
Exxon Mobil (XOM) is looking for oil in high-risk exploration area worldwide, and is being less selective than other big oil companies, reports the Wall Street Journal. Exxon is exploring in eight of the "hot," high-risk exploration regions around the world identified by Sanford C. Bernstein, and is looking for two more. But as of now the company has had little success and will soon need to make large discoveries to justify its increased spending. Reference Link :theflyonthewall.com

February 1, 2010
09:26 EDTRDS.A
theflyonthewall.com: Cosan to host conference call

Subscribe for More Information
:theflyonthewall.com
06:29 EDTRDS.A
theflyonthewall.com: Shell and Cosan sign $12B ethanol merger deal, Reuters reports
Royal Dutch Shell (RDS.A) and Cosan (CZZ), the world's largest ethanol and sugar processor, signed a merger agreement in a deal valued at $12B, Reuters reports. Cosan will transfer to the merged entity its sugar, ethanol, fuels distribution and energy generation business, with assets valued at $4.925B and debt of $2.524B. Cosan said Shell will contribute its retail fuels and aviation distribution business and will inject about $1.625B nto the merged company in up to two years, while Cosan will contribute another $300M in cash over five years. Reference Link :theflyonthewall.com

January 29, 2010
12:16 EDTRDS.A
theflyonthewall.com: Shell sells three Nigeria oil licenses to local companies, DJ reports
Shell remains committed to Nigerian oil operations, Dow Jones reports. :theflyonthewall.com
08:31 EDTRDS.A
theflyonthewall.com: Shell CEO sees oil trading $60-$80 a barrel, Reuters reports

Subscribe for More Information
:theflyonthewall.com
07:14 EDTRDS.A
theflyonthewall.com: Shell may cut more jobs this year, Bloomberg reports

Subscribe for More Information
:theflyonthewall.com

January 26, 2010
06:25 EDTRDS.A
theflyonthewall.com: Royal Dutch Shell to scale down oil sands expansion, Globe and Mail says
Royal Dutch Shell (RDS.A) has decided to "dramatically" slow down its development of new Canadian oil sands in the province of Alberta, according to the Globe and Mail, which cited comments by the company's CEO. The CEO said the company made the decision because of the high costs involved in developing oil sands. Reference Link :theflyonthewall.com