18 December 2010 Shell has confirmed that they are in detailed negotiations with Essar for the sale of Stanlow Refinery and associated marketing businesses. They have set a deadline of the end of February to reach agreement on the terms of any sale. If Stanlow is not sold by then it will continue to operate [...]
Posts Tagged ‘Shell Stanlow Refinery’
Essar Energy Still In Talks With Shell To Buy Europe Refineries
THE WALL STREET JOURNAL AUGUST 19, 2010 LONDON (Dow Jones)–India’s Essar Energy PLC (ESSR.LN) is still in talks with oil major Royal Dutch Shell PLC (RDSB.LN) to buy refineries in Europe, Essar’s vice chairman Prashant Ruia said Thursday. “Our discussions with Shell are still very much on,” Ruia told reporters on a conference call. Shell [...]
Short-termism at Royal Dutch Shell
UPDATED MONDAY 26 APRIL 2010 “In an obsessively cost conscious environment such as the one that rules in Shell at the moment all labour-intensive sectors are at risk irrespective of their intrinsic value or their competence or even the likely long-term demand for their products and services.” Posting on Shell Blog by Wilt Staph [...]
Essar flotation warning may rattle Shell Stanlow Refinery workers
Essar Energy’s own advisers have warned investors about “a complex structure and a lack of clarity on the flow of funds between the UK unit and its Indian subsidiaries” ahead of the company’s flotation. DAILY TELEGRAPH Advisers warn of risks in Essar Energy flotation Essar Energy’s own advisers have warned investors about “a complex [...]
Essar to consider Shell refinery buy in May or June
Thu Apr 8, 2010 8:16am BST MUMBAI, April 8 (Reuters) – Indian conglomerate Essar Group will consider buying European oil refineries from Royal Dutch Shell (RDSa.L) in May or June, a top official said on Thursday. Prashant Ruia, chief executive officer of Essar Group, said the company would consider the acquisition after a planned listing [...]
Essar Energy Plans to Raise $2.5 Billion in Offer of 25% Stake
By Rakteem Katakey April 8 (Bloomberg) — Indias Essar Group, seeking to buy three refineries from Royal Dutch Shell Plc, said it may raise $2.5 billion by selling shares in the U.K. and elsewhere. Essar Energy Ltd., a holding company for the groups energy businesses, plans to offer a 20 to 25 percent stake to [...]
Essar to Decide on Shell Assets by June
THE WALL STREET JOURNAL MARCH 30, 2010 By AMOL SHARMA MUMBAIIndian conglomerate Essar Group will decide by June whether to move forward with the purchase of three European oil refineries from Royal Dutch Shell PLC as part of its global expansion plans, the company’s chief executive said. The companies extended their exclusive talks in November [...]
Rumors: Shell Stanlow Refinery and Essar
Posting by Wilt Staph on Mar 28th, 2010 at 7:10 pm Britains 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 [...]
Shell to cut a further 1,000 jobs
Shell is to cut a further 1,000 jobs. Photograph: Graham Turner Royal Dutch Shell announced a further 1,000 job cuts today as the Anglo-Dutch firm admitted it had been slow to respond to the global slump. The oil group, which has 100,000 staff worldwide, cut 5,000 posts last year and had already announced a further [...]
Rather than a fire sale, Shell may close refineries
THE WALL STREET JOURNAL Shell: Refinery Sales Could Be Stalled By Potential Essar IPO By Lananh Nguyen Of DOW JONES NEWSWIRES MARCH 16, 2010, 12:33 P.M. ET LONDON (Dow Jones)–India’s Essar Oil Ltd.’s (500134.BY) potential London listing could stall the company’s negotiations to buy three European refineries from Royal Dutch Shell PLC (RDSB), Shell’s Chief [...]
Essar still in Talks With Shell to Buy Refineries
THE WALL STREET JOURNAL By ERIC YEP MUMBAI — India’s Essar Oil Ltd. Wednesday said it is still in talks with Royal Dutch Shell PLC to buy three refineries in Europe, dismissing a local media report that the two companies had put the negotiations on the back burner. “Shell and Essar can confirm that they [...]
Indian group bidding for Cheshire refinery plans London listing
CRAIN’S MANCHESTER BUSINESS 7:37 am, March 10, 2010 Essar, an Indian industrial conglomerate which is the preferred bidder for the Stanlow oil refinery in Cheshire (right), is planning a London stock market listing to raise up to $3bn. The listing of its oil and power businesses could value them at up to $12bn and would [...]
Shell to Seek 800 Million-Euro Offers for LPG Unit
By Anne-Sylvaine Chassany and Fred Pals Feb. 23 (Bloomberg) — Royal Dutch Shell Plc, which is seeking to focus on exploration and production, may sell its liquefied petroleum gas distribution unit, four people with knowledge of the plan said. Shell hired Credit Suisse Group AG to manage a sale of the division, which is valued [...]
Indian Energy Firms Pursue Assets Abroad
Following on its international acquisitions in steel and outsourcing in recent years, Essar is in talks with Shell to pay as much as $1 billion for three oil refineries in the U.K. and Germany, people close to the situation say. Last year, the company bought out the 50% stake that Shell, BP PLC and Chevron Corp. owned in a major refinery in Kenya.
Stealthy Shell sales could bag $10bn
PETER VOSER, chief executive of Royal Dutch Shell, is selling $10 billion (£6.4 billion) of assets as part of his drive to revitalise the oil giant.


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