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's Oil 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's Sinochem 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
1d ago ROYAL DUTCH SHELL A : *goldman cuts shell b to 'neutral' ('buy') - price target ..
4d ago ROYAL DUTCH SHELL A : PRESS: Shell Submits Revised Plan To Drill In The Arctic O..
5d ago ROYAL DUTCH SHELL A : Findings from P.J. Rees and Co-Authors Broaden Understandi..
5d ago ROYAL DUTCH SHELL A : Publication of Prospectus
5d ago ROYAL DUTCH SHELL A : PRESS: Shell Consortium Close To Nigeria Oilfields Sale - ..
5d ago ROYAL DUTCH SHELL A : Shell announces Marjoram-1 gas discovery in deep-water Mal..
7d ago ROYAL DUTCH SHELL A : Buyback of Own Shares
7d ago Petrofac backs profit forecast despite weaker-than-expected first-half
7d agoDJROYAL DUTCH SHELL A : Shell Announces Marjoram-1 Gas Discovery in Deep-Water Mal..
08/25 EXCLUSIVE - CHEVRON SEEKS UP TO $1.5 : sources
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