Thursday, October 30, 2014   

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:
Athens stock market down 3.6pc (10-30 18:36)
Toshiba half-year net profit surges (10-30 17:27)
German jobless total falls in October (10-30 17:23)
VW confirms full-year targets after 'robust' Q3 (10-30 16:58)
Spanish economy expands by 0.5% in Q3 (10-30 16:58)
European stocks advance at open (10-30 16:57)
Hang Seng finishes lower (10-30 16:35)
Lufthansa cuts 2015 forecast on global economic slowdown (10-30 16:05)
Bayer raises forecasts for 2014 after strong Q3 (10-30 16:04)
NEC rebounds from losses on smartphone exit (10-30 15:25)

More breaking news >>

© 2014 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 2014, 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.