Member access

4-Traders Homepage  >  Shares  >  Euronext Amsterdam  >  ROYAL DUTCH SHELL A    RDSA   GB00B03MLX29


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Shell, ONGC buy rest of oil block

01/06/2014 | 01:11am US/Eastern

Royal Dutch Shell and India'sOil and Natural Gas Corp (ONGC) purchased the remaining 35 per cent of a Brazilian offshore oil block from their partner, Brazil's state-run Petroleo Brasileiro, Shell said in a statement.

Under the accord, which the companies began negotiating in September, Shell will get an additional 23 per cent of BC-10, raising its stake to 73 per cent. ONGC, as the Indian company is known, will get an additional 12 per cent, boosting its stake to 27 per cent, Shell said.

Petrobras had originally agreed to sell its 35 per cent stake to China'sSinochem for $1.56 billion. Shell and ONGC, though, exercised their right of first refusal.

© Al Bawaba Ltd., Acquiremedia 2014
Recommend :
React to this article
Latest news on ROYAL DUTCH SHELL A
24m agoDJLONDON MARKETS : Shell's Gain Curbs FTSE 100 Losses
24m agoDJEUROPE MARKETS : European Banks, Adidas Drop; Shell Gains
3h ago ROYAL DUTCH SHELL A : UPDATE: Shell Shares Top FTSE 100 As Earnings More Than Do..
3h ago ROYAL DUTCH SHELL A : Voting Rights and Capital
3h ago ROYAL DUTCH SHELL A : *s&p capital iq raises shell b to 'hold' ('sell') - price ..
5h agoDJLONDON MARKETS : Shell's Gain Curbs Losses For The FTSE 100
7h agoDJEUROPE MARKETS : Shell, BG Among Major European Movers; BES Slides
7h agoDJROYAL DUTCH SHELL A : Second-Quarter Profit Jumps -- 3rd Update
8h ago ROYAL DUTCH SHELL A : *charles stanley raises shell b to 'accumulate' ('hold')
8h agoDJROYAL DUTCH SHELL A : Profit Jumps
Duration : Period :
ROYAL DUTCH SHELL A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Income Statement Evolution
ROYAL DUTCH SHELL A : Income Statement Evolution
More Financials
Dynamic quotes