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#4696276 - 03/16/18 02:29 AM Shell out of NZ after 100 years.
Silk Offline


Registered: 07/26/03
Posts: 4376
Loc: New Zealand
https://www.stuff.co.nz/business/102321635/shell-nz-assets-sold-to-austrian-oil-and-gas-explorer

Shell pulled out of retail fuel several years ago, now they are gone completely. We'll still have Shell oils though I presume.
_________________________
1987 BMW R65 - Penrite V Twin 20/50
2005 Nissan Expert - MSL 5/30
1996 Volvo T5 - Penrite HPR15 - 15W-60. Ryco syntec filter.

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#4696289 - 03/16/18 03:24 AM Re: Shell out of NZ after 100 years. [Re: Silk]
SonofJoe Offline


Registered: 07/23/16
Posts: 997
Loc: Europe
Part of the global trend. Shell have been offloading oil refineries in Europe for several years now. Here in the UK, the huge Stanlow refining complex I used to visit got sold to the Indians in 2011 while Shellhaven & Shell Teeeside refineries died a death several years back.

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#4696599 - 03/16/18 11:16 AM Re: Shell out of NZ after 100 years. [Re: Silk]
Nyogtha Offline


Registered: 10/13/14
Posts: 2150
Loc: San Antonio, TX
More asset sales.

RDS set a global strategic focus on natural gas several years ago. Highest focus on remaining refineries are those with integrated petrochemical operations and those associated with heavy oil upgraders. Even the Shell refinery in Martinez, CA is up for sale with the West Coast having the highest refining margins in the US.

https://www.eastbaytimes.com/2017/03/24/report-sale-of-shell-martinez-refinery-progressing/

I wonder how much of the proceeds of these asset sales are related to the final costs of the Pearl GTL facility?


Edited by Nyogtha (03/16/18 11:26 AM)
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