Member access

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

ROYAL DUTCH SHELL A (RDSA)

400
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Shell, ONGC buy rest of oil block

01/06/2014 | 02:11am 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
Latest news on ROYAL DUTCH SHELL A
1d ago ROYAL DUTCH SHELL A : Shell to review its assets as profits rise to pound(s)3.6b..
1d ago ROYAL DUTCH SHELL A : Voting Rights and Capital
1d ago SHELL MIDSTREAM PARTNERS : Raises $920 Million in New York I.P.O.
1d ago ROYAL DUTCH SHELL A : *lbbw cuts shell price target to 2600 pence - 'buy'
1d ago ROYAL DUTCH SHELL A : Shell Loses N23 Billion Over Insecurity in Nigeria, Others
2d ago ROYAL DUTCH SHELL A : *s&p capital iq cuts shell b price target to 2293 pence - ..
2d ago ROYAL DUTCH SHELL A : Shell's $5.8bn Q3 Revenue Expected
2d ago ROYAL DUTCH SHELL A : Shell faces fresh hurdles on oil block divestment
2d ago HENGYI PETROCHEMICAL : postpones commissioning of Brunei refinery to late 2017
2d ago ROYAL DUTCH SHELL A : Third Quarter 2014 Results Announcement
Advertisement
Chart
Duration : Period :
ROYAL DUTCH SHELL A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF