Shell sells stake in oil refining joint venture in $631m deal

Saudi Aramco will take full ownership of the refinery in Saudi Arabia

Global oil and gas deals ‘worth $395bn last year’

Global oil and gas deal activity recovered from a slow start last year, reaching $395 billion (£317bn). That’s an increase from $340 billion (£273bn) in 2015, according to EY’s latest global oil and gas transaction review. While the value of deals increased, volume fell by 27% year-on-year, it adds. The value of upstream deals, i.e. […]

Shell names downstream man as new chief

Oil and gas firm Shell’s downstream director will assume the top post when chief executive Peter Voser steps down next year. The Anglo-Dutch firm announced today the 55-year-old Dutch national Ben van Beurdan (pictured) will take over on 1 January 2014. Peter Voser will leave Shell at the end of March 2014 after 29 years […]

Centrica profits down

Centrica has announced that its profits for the first half of 2011 are expected to be lower than in 2010. Downstream efforts in the UK could be half of those for the same period last year. The parent company of British Gas puts this down to higher costs for commodities and non-commodities and lower consumption. […]