- Reuters•11 hours ago
Mexico's Pemex will seek partnerships with other companies to make its refineries more efficient, the head of the state oil giant said on Tuesday, citing its successful joint venture with Royal Dutch Shell in Texas. Pemex, which is grappling with a complex financial situation, has six refineries in Mexico with a combined capacity to process 1.6 million barrels per day (bpd). Pemex Chief Executive Officer Jose Antonio Gonzalez Anaya said the company is evaluating options to optimize processes and improve its finances, which have been hit by falling oil prices, by cutting costs and reducing liabilities.
- Reuters•14 hours ago
Royal Dutch Shell's first oil field sale after its $54 billion BG Group acquisition bodes well for its disposal talks in the North Sea, Gabon and New Zealand, according to sources, signaling buyers will meet its expectations on value. The $425 million deal in the Gulf of Mexico is welcome news for the Anglo-Dutch oil and gas giant which has struggled to kick off its plan to dispose of $30 billion of assets by 2018 or so in order to pay for the February deal and maintain a generous dividend policy amid soaring debt. The sale of the Brutus/Glider fields to U.S. independent oil and gas company EnVen Energy Corp has an implied oil price of around $60 a barrel, more than $10 above today's prices, according to analysts at UBS.
- Bloomberg•17 hours ago
Natural gas is rapidly becoming one of the most traded global commodities, but that doesn’t mean it will have a global price, according to Royal Dutch Shell Plc.
Royal Dutch Shell plc (RDSA.L)
LSE - LSE Delayed Price. Currency in GBp
|Bid||1,871.00 x 233500|
|Ask||1,920.00 x 193500|
|Day's Range||1,885.50 - 1,910.00|
|52wk Range||1,256.00 - 2,127.40|
|1y Target Est||N/A|
|P/E Ratio (ttm)||-6,192.18|
|Avg Vol (3m)||6,871,353|
|Dividend & Yield||N/A (N/A)|