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Shell sells $1.3bn of assets

Royal Dutch Shell announced the sale of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.The Anglo-Dutch company agreed to sell to OKEA, a Norwegian producer backed by private equity firm Seacrest Capital, its 45 per cent interest in the Draugen Norwegian offshore field and a 12 per cent in the Gjoa block for a total of $566 million, the two companies said. Earlier, Shell announced the completion of the sale...

Trafigura signs second storage agreement

Commodities trader Trafigura has signed a second deal with Singapore LNG Corp, operator of the city-...

Argentina’s shale potential takes hit

Small shale producers, which powered development of the sector in the United States, are struggling...

Vitol launches Viva Energy float, Australia’s biggest IPO

Global energy trader Vitol kicked off the planned A$5 billion ($3.7 billion) float of its Australian...

Curacao refinery runs at minimum capacity

The 335,000-barrel-per-day Isla refinery operated by Venezuela’s state-run PDVSA in Curacao is...

Baytex to buy RRE

Baytex Energy Corp will buy rival Raging River Exploration (RRE) for C$2.8 billion ($2.13 billion...

Jinko solars go to Florida

Chinese manufacturer JinkoSolar Holding Co Ltd expects to start manufacturing solar panels at a new...

Noble wins over Goldilocks

Embattled commodities trader Noble Group is set to embark on a $3.4 billion debt restructure that it...




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