Saturday, February 28, 2015   

Shell offloads assets to Kuwaitis
(01-20 18:27)

Energy giant Royal Dutch Shell announced the sale of stakes in Australian natural gas assets for more than US$1 billion to a Kuwaiti state company.
Shell said it had agreed to sell its 8-percent equity interest in the Wheatstone-Iago gas field and 6.4-percent interest in the Wheatstone liquefied natural gas project for US$1.135 billion to the Kuwait Foreign Petroleum Exploration Company.
Shell's new chief executive officer Ben van Beurden said in a statement the company is “refocusing our investment to where we can add the most value with Shell's capital and technology,’’ and “making hard choices.’’
On Friday, the Anglo-Dutch group issued a profit warning saying that fourth-quarter earnings were set to be “significantly lower than recent levels of profitability.’’--AFP

   
Other Business breaking news:
German MPs okay Greek bailout extension by big majority (02-27 18:45)
Hang Seng retreats, Shanghai gains (02-27 17:33)
Iberia and BA owner IAG posts profit, cites costs savings (02-27 17:28)
Airbus reports 2.3b euros earnings, predicts more orders (02-27 17:22)
Lloyds reports profits, announces first dividend since bailout (02-27 16:30)
Europe equities steady (02-27 16:19)
Novartis Japan hit with suspension over side-effect reporting (02-27 14:50)
Nikkei reaches new 15-year high (02-27 14:35)
Chinese got 6,985 US investor visas n 2013 (02-27 13:49)
Chinese billions in US open avenues for investment fraud (02-27 13:37)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.