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Royal Dutch Shell’s Construction, Reigniting, Selling and Buying

Royal Dutch Shell PLC (NYSE:RDS.A) is one of the most traded stocks today, and the latest news only feed the company’s future prospects, enticing new investors to bid on the European oil & gas giant. The recent news point to the reactivation of a facility in Canada, construction of a new one in Singapore, and projected asset sales. Most importantly, management has announced the planned buyback of B class own shares.

Royal Dutch Shell plc (ADR) (NYSE:RDS-A)

Activities in Alberta, Canada have been resumed after an impasse in production and intermittent flaring over the next 48-hours are expected, but no harm to material production. The facility is said to add up to 80,000 barrels of oils per day to the current 100,000 barrels per day refinery in Scotford located in the same province. To learn more about the advantages offered by Alberta, please view the following video:

Shell Eastern Petroleum, Royal Dutch Shell’s Singapore division, announced that a new lube oil blending plant and grease manufacturing plant will be constructed in Tuas. The facility is located next to Lube Park shared facilities with Sinopec Lubricant (Singapore) and Total Oil Asia Pacific.  According to rumors, construction in the country´s western industrial zone has started, and production has been hinted to be destined to more than 30 countries worldwide. When complete, the project will add an additional 40% percent to the Woodlands North´s facility current capacity.

In order to finance undergoing projects in Canada and Australia, Royal Dutch Shell announced the sale of up to sell about $15 billion of assets. That is the number management hopes to rise, and analysts speculate, in order to offset project overspending. The deal will allow the firm’s net capital investment, spending on projects adjusted for acquisitions and disposals, to fall from this year’s record $45 billion, Chief Executive Officer Peter Voser said in an interview.

Last Friday, Royal Dutch Shell announced the buyback of 207,506 class B shares. The stock face value paid for the shares was around GBP 21.76 per share. Upon cancellation of these shares, the company’s remaining number of “A” shares will be 3,860,677,003 and the remaining number of “B” shares will be 2,485,033,462.

Disclosure: none

Recommended Reading:

Royal Dutch Shell News: China Investment & Shareholders Rewards

Time to Give Up on Royal Dutch Shell?

Why Is Shell Selling Assets in Nigeria?

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