BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Dansk Olieselskab deal 'will not complete', says Shell

Oil major decides to retain ownership in Dansk Shell, but insists $30bn divestment programme is 'on track'.





Updated on 02 Jan 2018 13:07 GMT

Shell has announced that the agreement it signed with Dansk Olieselskab AS in 2016 for the sale of A/S Dansk Shell "has terminated and the sale will not complete".

"A/S Dansk Shell, including the refinery and local trading and supply activities, will remain under Shell's ownership and continue business as usual," Shell said in a statement on Tuesday.

As Bunker Index previously reported, Shell reached an agreement with Dansk Olieselskab in September 2016 in a deal consisting of the 70,000-barrel-per-day, bunker-producing Fredericia refinery and local trading and supply activities for approximately $80 million, including working capital.

The transaction included long-term agreements for the supply of crude oil and feedstocks to the refinery and for the offtake of some products from the plant.

The Fredericia refinery produces a range of products, including fuel oil, jet fuel, diesel, kerosene, furnace oil, liquefied petroleum gas and gasoline. It is a key location for the sourcing of product for the marine fuels market - in addition to the country's other 110,000-barrel-per-day refinery in Kalundborg, which is operated by Statoil.

Back in May 2016 (it was confirmed in March 2015), Shell sold its marketing business in Denmark to Alimentation Couche-Tard Inc, comprising retail, commercial fleet, commercial fuels, aviation and connected trading and supply products businesses.

Couche-Tard operates the marketing business under the Shell brand through a trademark licence agreement, under which the Shell brand is contracted to remain "highly visible" in Denmark through the Shell-branded retail network and in the fuels wholesaling sector.

Shell said on Tuesday that its $30 billion divestment programme remains on track to complete in 2018, with deals worth $23 billion completed, $2 billion announced and $5 billion in advanced progress.






Related Links:

Shell inks deal to sell bunker-producing Fredericia refinery
Couche-Tard completes acquisition of Dansk Fuels
Couche-Tard buys Shell's marketing operations in Denmark
Denmark

Latest News:

Oil and fuel oil hedging market update
Industry coalition makes case for LNG in wake of MEPC 72
Brent closed at $75 but quickly fell to current levels of $73-74
Itsas Gas secures Cepsa supply contract; Oizmendi starts bunkering in Huelva
Eco Marine Power to expand Aquarius Eco Ship Project
Wartsila in first optimised maintenance tie-up for LNGPac system
Bullish momentum sends oil prices above three-year high
Oil and fuel oil hedging market update
Nor Lines LNG-fuelled ships to include Rotterdam in weekly service
Maersk targets 60% CO2 emissions reduction by 2020
Vopak posts decline in Q1 profit
Brent holds steady above $71




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events