25.49 0.00 (0.00%)
After hours: 4:35PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||25.33 - 25.98|
|52-week range||25.17 - 37.09|
|PE ratio (TTM)||30.82|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||N/A|
Royal Dutch Shell's Prelude floating liquefied natural gas ship has left a shipyard in South Korea for its destination offshore northwest Australia, the company said on Thursday. Shell's $12.6 billion ...
Companies supplying miners with equipment and services have performed better than their oil sector peers, buoyed by spending on new technology and expectations the demand outlook for other minerals is more bullish than for fuel. The index of mining services companies, such as Atlas Copco (LSE: 0R82.L - news) , Sandvik (LSE: 0HC0.L - news) and Metso (Amsterdam: MS6.AS - news) , has risen more than 50 percent over the last 12 months. In contrast, the oil services index has barely moved as companies such as Saipem (LSE: 0NWY.L - news) , Technip FMC and SBM Offshore grapple with the thinnest order books in 13 years.
Danish utility and offshore wind farm developer DONG Energy (LSE: 0RHE.L - news) has agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 billion, it said on Wednesday, the latest in a string of North Sea deals. The sale is a blow to shipping group A.P. Moller-Maersk , which had sought to merge its oil and gas business with DONG into a company worth more than $10 billion as part of a major restructuring. For DONG Energy, the world's biggest operator of offshore wind power, the sale marks a step away from fossil fuels as it seeks to focus solely on offshore wind.
DONG Energy (LSE: 0RHE.L - news) said it has reached a settlement with Daewoo Shipbuilding & Marine Engineering and Technip (LSE: 0IEB.L - news) over who bears responsibility for construction errors concerning an offshore platform for the idled Hejre field. The settlement clears a major hurdle for the Danish company's plans to divest its oil and gas unit to focus on its growing business of developing offshore wind farms. DONG said in a statement that the agreement will reduce the 2.5 billion Danish crowns ($367 million) of provisions it made in relation to the Hejre field ahead of its listing, which was one of the largest in the world last year.