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Stock Market & Financial Investment News

News For RDS.A From The Last 14 Days
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October 22, 2014
05:42 EDTRDS.AShell announces Gabon deep-water gas discovery
Shell (RDS.A, RDS.B)announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir. Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners are planning to undertake an appraisal programme to further determine the resource volumes. Leopard-1 was drilled in license BCD10, operated by Shell. Second partner in the venture is CNOOC (CEO). This frontier discovery follows recent deep water exploration successes in the heartlands for Shell Exploration in the Gulf of Mexico and Malaysia.
October 21, 2014
12:46 EDTRDS.AShell signs deals for the sale of Nigeria oil assets, Reuters reports
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October 16, 2014
13:54 EDTRDS.AGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
October 15, 2014
07:44 EDTRDS.AExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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October 13, 2014
06:36 EDTRDS.ASaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTRDS.AKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTRDS.ASaudis take aggressive oil measures in Europe, WSJ says
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October 9, 2014
07:55 EDTRDS.ALego to cease co-promotion contract with Shell
Lego CEO Jorgen Vig Knudstorp issued a press release on the company's website which explained that the company is not renewing the co-promotion contract with Royal Dutch Shell when the present contract expires. Knudstorp said, "The Greenpeace campaign uses the LEGO brand to target Shell. As we have stated before, we firmly believe Greenpeace ought to have a direct conversation with Shell. The LEGO brand should never have become part of Greenpeace’s dispute with Shell. We do not agree with the tactics used by Greenpeace that may have created misunderstandings among our stakeholders about the way we operate, and we want to ensure that our attention is not diverted from our commitment to delivering creative and inspiring play experiences. We want to clarify that as things currently stand we will not renew the co-promotion contract with Shell when the present contract ends. We do not want to be part of Greenpeace’s campaign and we will not comment any further on the campaign."
October 8, 2014
08:30 EDTRDS.ARoyal Dutch Shell to sell Nigerian oil block to Taleveras, WSJ reports
Royal Dutch Shell will sell a Nigerian oil block, known as Oil Mining License 29, and an associated pipeline to Taleveras Group for over $2.5B, two sources tell the Wall Street Journal. Reference Link

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