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March 28th, 2010:

Shell Sells N.Z. Fuel Retailing for NZ$697 Million

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By Gavin Evans

March 29 (Bloomberg) — Royal Dutch Shell Plc has agreed to sell its New Zealand downstream assets to Infratil Ltd. and the Guardians of New Zealand Superannuation for NZ$696.5 million ($492 million.)

The purchase, which remains conditional on funding and regulatory approval, will be funded with NZ$420 million of equity and a NZ$600 million banking facility, Wellington-based Infratil said in a statement to the New Zealand stock exchange.

Shell, Europe’s biggest oil company, is selling its New Zealand fuel retailing and refining interests as part of a global strategy to focus on oil and gas production in expanding markets. It agreed in November to negotiate exclusively with the Infratil-led venture on the sale of the group’s 229 filling stations, port terminals and a 17 percent stake in New Zealand Refining Co. read more

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Rumors: Shell Stanlow Refinery and Essar

Posting by Wilt Staph on Mar 28th, 2010 at 7:10 pm

Britain’s refinery capacity is around 92 million tonnes which is in the same ballpark as domestic consumption. Arguably, then, Stanlow which can process around 12m tonnes (13% of the UK total) is not surplus to requirements. But rumours abound that if Essar does buy the plant they will seek to close the refining capacity and just use it as a storage and entrepot depot. Around 900 Shell employees will be made redundant and few will have a chance of a job with Essar if they do close the refinery. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Oman Marketing Sued by Omani Company for $67.5 Million

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By Shaji Mathew

March 28 (Bloomberg) — Shell Oman Marketing Co., a petroleum products marketing and distribution firm, said it was sued for 26 million rials ($67.5 million) by an Omani company.

“An Omani LLC company has, without prior notice, filed a legal suit against Shell Oman Marketing for an alleged infringement of selling rights within the sultanate of Oman,” Shell Oman said in a statement to the Muscat bourse today. Shell Oman was named as a co-defendant, along with another Omani company, it said, without giving the names of other companies involved in the suit. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Russians prepare £1bn grab for UK fuel supplies

The Sunday Times: March 28, 2010

GAZPROM, Russia’s state-owned gas giant, is preparing an audacious bid to become one of the biggest fuel suppliers in Britain.

The company is expected to lodge an offer this week for a network of 800 petrol stations and the Lindsey oil refinery at Killingholme, Lincolnshire. The assets have been put up for sale by Total, the French oil group. It has hired JP Morgan, the investment bank, to sell its UK business, which employs 5,000 people. The business is expected to fetch more than £1 billion.

The prospect of the Kremlincontrolled giant owning key parts of the UK oil infrastructure could worry the government. When Gazprom was rumoured to be looking at a bid for Centrica, owner of British Gas, in 2006, ministers met to examine the “possible consequences resulting from any takeover of a major UK energy supplier”. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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