Tuesday 7 June 2016

SHELL’S ASSET DISPOSAL PLANS FACE DELAY

Oil drums containing lubricant oil sit on a conveyor belt as they are prepared for shipping at the Royal Dutch Shell Plc lubricants blending plant in Torzhok, Russia, on Tuesday, March 1, 2016. Royal Dutch Shell Plc has surpassed Chevron Corp. as the world's second-biggest non-state oil company after completing the acquisition of BG Group Plc. Photographer: Andrey Rudakov/BloombergRoyal Dutch Shell’s $30bn asset disposal programme put in place after its takeover of BG Group is likely to drag on beyond 2018 if oil prices remain depressed.
 
Shell is planning to sell off a large chunk of its portfolio because the BG takeover — the biggest energy deal in more than a decade — significantly increased the combined group’s debt load.
 

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