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Financials

BP New Zealand Holdings has sold part of its 21.19% stake in Refining New Zealand, New Zealand’s only oil refinery operator. The company operates the 96,000 barrel-per-day Marsden Point Refinery near Whangarei, Northland. With its 11.1% stake sale, which was completed last Friday, BP New Zealand Holdings and Europa Oil …
Shell divests oil sands interests in Canada

Royal Dutch Shell plc has divested all of its in-situ and undeveloped oil sands interests in Canada and has reduced its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%, with the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources. …
AkzoNobel to review specialty chemicals business after rejecting unsolicited bid from PPG Industries

AkzoNobel, one of the world’s leading paints, coatings and chemicals companies announced a review of strategic options to separate its specialty chemicals business, after rejecting an unsolicited bid from U.S.-based PPG Industries valued at EUR21 billion (USD22.1 billion). PPG’s proposal “substantially undervalues AkzoNobel and is not in the interest of …
Saudi Aramco, and Royal Dutch Shell PLC Finalise Plans To Split Motiva Joint Venture

Binding agreements to split the Houston-based Motiva Enterprises joint venture were signed by Saudi Aramco and Royal Dutch Shell PLC on March 6, almost a year after the plans to end the partnership first emerged. In a joint statement, the companies advised that the discontinuation of the joint venture and …
F+L Week 2018 | Submit Abstract | 728×90
F+L Week 2018 | Submit Abstract | 728×90