Shell restructures Dutch gas business
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The Dutch government is taking control of its country&#39;s gas transport network in a deal that analysts say will boost competition in the Netherlands and ease the way for the creation of a single European gas market.
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The Royal Dutch/Shell Group of Cos. unveiled plans Thursday to merge its two holding companies after nearly a century apart, a response to a scandal over its downgrading of oil reserves.
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Royal Dutch/Shell Group on Wednesday said it will spend $45 billion and sell off up to $12 billion worth of assets to reinvigorate its underperforming oil and natural gas business.
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The shake-up at Royal Dutch/Shell is the biggest upheaval in the history of the business, whose roots go back to 1833. In that year, a Victorian entrepreneur, Marcus Samuel, opened a small shop in London selling shells to natural history enthusiasts.
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Oil giant Royal Dutch/Shell today said it would to scrap its twin board structure as it battles to restore confidence in the wake of its reserves crisis.
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Jeroen van der Veer, chief executive of Royal Dutch/ Shell, has opened the door to future deals with Gazprom, the Russian gas group, by welcoming its rapid expansion into the oil sector.
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Royal Dutch/Shell Group, ending a century-old ownership structure, will combine its parent companies in the UK and Netherlands to rebuild investor confidence after writing down its reserves four times this year.
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LONDON : Royal Dutch/Shell and Esso Nederlands, a division of ExxonMobil, announced the sale of transport activities in gas joint venture Gasunie to the Dutch government for 2.78 billion euros (3.
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Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, at a cost of $7 billion, the Anglo-Dutch oil group said on Friday.
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The Netherlands, Europe&#39;s No. 3 natural- gas producer, will pay Exxon Mobil Corp. and Royal/Dutch Shell Group 2.78 billion euros ($3.
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Royal Dutch/Shell announced radical plans to merge its separate holding companies in an overhaul of its corporate governance structures after a review triggered by its oil reserves scandal.
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The creation of a single European gas market took a step forward yesterday with the Dutch government taking control of its country&#39;s gas transport network from Royal Dutch/Shell and ExxonMobil.
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Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority in restoring battered investor confidence.
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LONDON/AMSTERDAM  - Oil major Royal Dutch/Shell  Group said it was merging its Dutch and British holding  companies as it seeks to address failings that led to a shock  downgrade in proven oil reserves.
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The Royal Dutch/Shell Group of Cos. unveiled plans Thursday for its two holding companies to merge after nearly a century, a response to a scandal over its downgrading of oil reserves, and said third-quarter earnings doubled.
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The Royal Dutch/Shell Group of Cos., the parent company of Houston-based Shell Oil Co., plans to merge its two holding companies in a response to scandal over its downgrading of oil reserves, according to an Associated Press report on Thursday.
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OIL group Shell has pledged to invest $45bn (Â£25bn) and make major disposals in a shake-up of the business, following its reserves crisis earlier this year.