May 20, 2011 By ROSS KELLY SYDNEYRoyal Dutch Shell PLC on Friday approved construction of a giant vessel designed to chill natural gas for export at sea, allowing it to unlock gas deposits stranded hundreds of miles from land. Similar vessels are being considered for several projects in deep water around the world where piping [...]
Posts under ‘India’
Royal Dutch Shell Sells Refinery, Other Assets To Essar For $1.3B
MARCH 29, 2011 LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN) Tuesday announced it has signed a sales and purchase agreement for its 270,000 barrel-per-day Stanlow refinery in the U.K. and certain associated local marketing businesses with Essar Oil Ltd. for $1.3 billion. MAIN FACTS: -The proposed sale covers oil products, chemicals manufacturing and access rights [...]
Shell poised to sell Stanlow oil refinery to Indians in £700m deal
By Tom Mcghie Last updated at 10:15 PM on 19th March 2011 Attractive prospects: Stanlow oil refinery in Cheshire has huge storage depots Shell is to sell its Stanlow oil refinery, the second-biggest in Britain, to fledgling Indian energy giant Essar Energy in a deal worth more than £700 million. The refinery on the 1,900-acre [...]
Joint Statement by Shell Stanlow refinery parties
Joint Statement from Shell, Essar and the Employee Representatives from the consultation meeting held 14th March 2011 Shell and Essar management have today formally met for the second time to consult with the employee representatives for Stanlow refinery and the associated marketing businesses. This has included sessions with both non-unionised and unionised representatives on general [...]
Essar’s Stanlow deal hits union bump
S Kalyana Ramanathan / London March 5, 2011, 0:34 IST Essar Energys $350-million deal to buy Shell UKs oil refinery and associated assets at Stanlow, near Ellesmere Port, Cheshire, has hit a road block. The employee union has rejected the deal in its current form due to differences over pension payout and other issues. Union [...]
Refinery workers reject plans for Shell Stanlow sale to Essar
Out of the frying pan and into the fire… to go from a situation that is bad, to one that is even worse… By John Donovan Representatives of the Unite union had a meeting on 1 March with Shell and Essar to discuss the proposed employee transfer arrangements arising from Shell’s pending sale of the [...]
Essar Energy to provide $1bn bank guarantee for Shell’s Stanlow refinery
21 Feb, 2011, 06.35AM IST, Pradeep Pandey,ET Bureau MUMBAI: Essar Energy will provide a bank guarantee of $1 billion to close the offer it made to acquire Shell’s Stanlow refinery in the UK, according to a person who is part of ongoing negotiations with banks. This bank guarantee would be over and above the $350 [...]
Essar agrees break fee on Shells Stanlow
FT.com By David Blair in London and Tom Burgis in Mumbai: Published: February 19 2011 01:30 Essar Energy has taken a significant step towards buying Shells refinery at Stanlow, on the south bank of the Manchester Ship Canal near Ellesmere Port in Cheshire. Essar has until March 31 to confirm that it wants to buy [...]
Essar may pump Indian fuel into UK
Petrol from India is likely to find its way into the UK market for the first time, after Essar Energy bought Royal Dutch Shell’s Cheshire oil refinery for $350m (£216m). Essar may pump Indian fuel into UK Photo: ALAMY By Rowena Mason 7:15AM GMT 19 Feb 2011 It is the latest deal in the struggling UK [...]
Essar Energy, Shell may sign U.K. refinery pact
Feb. 18, 2011, 2:08 a.m. EST By Eric Yep MUMBAI (MarketWatch) — India’s Essar Energy PLC (ESSR.LN) is likely to sign an initial agreement this week for a possible acquisition of Royal Dutch Shell PLC’s (RDSB.LN) Stanlow refinery in the U.K., a person with direct knowledge of the matter said Friday. London-listed Essar Energy and [...]
Essar Oil to buy Shell UK unit for $350-400 mln – sources
By Indulal P.M. MUMBAI | Thu Feb 17, 2011 11:09am IST (Reuters) – Indian refiner Essar Oil is set to buy Royal Dutch Shell’s Stanlow refinery in the United Kingdom for about $350 million to $400 million, two sources with direct knowledge of the development told Reuters. The two companies have agreed on the terms [...]
OIL PRICES TO SOAR AS DEMAND KEEPS RISING, SAYS SHELL
Tuesday February 15,2011 By Andrew Johnson, Deputy City Editor OIL prices are set to surge in coming years as supply fails to keep up with burgeoning demand from the booming growth in emerging market economies, Royal Dutch Shell said yesterday. The oil giants warning came as the Brent Crude price hit a 28-month high of [...]
Shell Said to Offer Gazprom Assets to Gain LNG Plant Expansion
By Anna Shiryaevskaya – Feb 7, 2011 9:00 PM GMT+0000 Royal Dutch Shell Plc may offer OAO Gazprom assets in Asia in exchange for a deal to expand Russias only liquefied gas export plant, part of talks on a wider global alliance, said people with knowledge of the negotiations. Shell wants to add a third [...]
Essar finalises to buy Shell’s UK refinery for $350 mn
19 Jan, 2011, 03.17PM IST, Darshan Mehta,ET MUMBAI: Essar Oil has finalised the acquisition of Shell’s Stanlow refinery in UK for $350 million dollars, a source close to the deal told ET NOW. The Stanlow refinery is part of the Royal Dutch Shell group with a capacity of 2.37 lk barrels per day. The deal [...]
Essar Reopens Talks to Buy Shells Stanlow Refinery, Times Says
By Lucy Meakin – Jan 16, 2011 1:35 PM GMT+0000 Indias Essar Oil Ltd. reopened talks to buy Royal Dutch Shell Plcs Stanlow refinery, the Sunday Times reported, citing an unidentified company spokesman. Shell has given Essar six weeks to submit a firm bid for the U.K. facility, the London-based newspaper said, citing people close [...]


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