LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN) Monday agreed to sell a majority stake in much of its African downstream to Vitol Holding BV and Helios Investment Partners for around $1 billion, as it trims non-core assets. Oil-products businesses are generally considered of less importance to oil majors than oil and gas exploration and production [...]
Posts Tagged ‘Africa’
Shell sells Africa businesses to Vitol, Helios
Feb 19, 2011 2:07 PM GMT+0000 AMSTERDAM (AP) Royal Dutch Shell PLC has entered into a $1 billion agreement to sell a majority share of most of its downstream businesses in 14 African countries to the Vitol trading company and Helios, an African investment company. The announcement by the three companies says two joint [...]
Kenya: Court Blocks Sale of Shell Until Staff Dues Are Paid
PROTEST BY SHELL EMPLOYEES IN MOROCCO OVER SHELL PLANS TO EXIT 21 AFRICAN COUNTRIES WITHOUT SEVERANCE OR COMPENSATION PAYMENTS Business Daily (Nairobi) Benson Wambugu 2 July 2010 More than 180 employees of Kenya Shell have successfully blocked the oil marketer from selling its business to Oil Libya Holding Company until their statutory dues are settled. [...]
Employees move to block Shell exit from Kenya
A Shell Petrol Station along Nyerere Avenue, Mombasa. Photo/ ABDULRAHMAN SHERIFF SUNDAY NATION Sunday June 20, 2010 By MUNA WAHOME and KENNEDY SENELWA Posted Saturday, June 19 2010 at 19:51 Shells intended exit from 21 African countries appears headed into headwinds in Kenya where employees are plotting to block the departure in court. The Sunday [...]
Shell, we are Africans, not slaves
MAY DAY PROTEST BY SHELL EMPLOYEES IN MOROCCO OVER SHELL PLANS TO EXIT FROM 21 AFRICAN COUNTRIES WITHOUT SEVERANCE OR COMPENSATION PAYMENTS TO SHELL STAFF
SHELL PEOPLE ARE NOT FOR SALE
We kindly invite you to visit the following group: SHELL PEOPLE ARE NOT FOR SALE, on facebook… Dear Mr Alfred, On behalf of all Shell staff from Africa, I am writing to you to seek your support and guidance to our cause. As you might know from the newspapers, Shell has decided, as part of [...]
Shells operations in Angola are worthy of discussion
Comments from our sources on recent statements about Shell’s operations in Angola made by its Executive VP for sub-Saharan Africa, Ann Pickard (Right). Shells exit from Angola was not a success story and it throws a slightly different light on Ann Pickards remarks in Nigeria. Her comment about Angola’s production exceeding that of Nigeria sounds [...]
Africa’s Potential to Sate World’s Oil Demand Dims
For big state-owned and private oil companies, Africa has played an outsized role. It is responsible for adding nearly a quarter of the globe’s total increase in reserves over the past decade. That has been a boon for companies such as Royal Dutch Shell PLC, Exxon MobilCorp. and Total SA, all of which have struggled to replace reserves on their books
Africa’s oil boom shifts balance of power
By 2015, America will buy one quarter of all its oil from Africa, compared with about 15 per cent from Saudi Arabia, and the continent will become the superpower’s largest single supplier, with the sole exception of Canada.
Shocked! How the oil crisis has hit the world
All around the world, in a multitude of ways, the soaring price of oil is hurting rich and poor alike. For the lucky ones, it is simply a matter of changing their lifestyle. But those most vulnerable to the price of oil have been driven on to the streets in angry protests, which raise a fundamental question: what can we do to survive in a world where a barrel of oil costs $127 (£64)?
Nigeria and Total sign $1 billion oil deal
A similar deal is being finalized with Royal Dutch Shell, once Nigeria’s biggest oil producing company before its output was significantly slashed by militant attacks in the Niger Delta, officials said.
The Majors Look West, Again
After years of shunning North America and Europe in favor of exotic locales that promised oil in far greater quantities at a much lower cost, the industry’s largest players have come crawling back. The reason? Those big projects have been difficult to pull off and haven’t made up for declining production in more mature regions like the U.S. Last year the five largest U.S. and British oil companiesExxonMobil, Royal Dutch Shell (RDSA), BP (BP), Chevron (CVX), and ConocoPhillips (COP), which together account for 11% of worldwide outputsaw their oil production slide 3%, to 10 million barrels per day. Those shrinking supplies are one reason that oil now tops $125 a barrel.
Nigeria: Shell Restores Damaged Oil Facilities, Resumes Production
Royal Dutch Shell has concluded repairs on two of the four Bonny Light oil facilities damaged by militant attacks, LEADERSHIP learnt yesterday.
Shell to help plug Nigeria shortfall
Royal Dutch Shell is close to agreeing a deal with Nigeria that would see the company provide loans to meet funding shortfalls that have cut production at one of its most important oil businesses.
Nigeria: Niger Delta – Financial Crisis Hits Shell
It was learnt that no fewer than 3,000 staff of the company might be laid off in a major re-structuring that will be announced by the company soon.


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