Royal Dutch Shell <RDSa.L> has provisionally booked a tanker to load a crude cargo at Libya's Zueitina terminal on Oct. 3, potentially the first since January at the recently reopened port. The Amoureux tanker is expected to load a 1 million barrel cargo and then discharge in Singapore on Oct. 22, Refinitiv Eikon shipping data showed. Shell declined to comment on the booking.
Royal Dutch Shell PLC <RDSa.L> is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country's main island of Luzon, its local unit said on Thursday. "As part of an ongoing portfolio rationalisation to simplify and increase the resilience of its business, Shell is exploring its options with a view to divest its interest" in Malampaya, a spokeswoman told Reuters. "Shell would ensure a smooth transition of the asset to a credible buyer who would be well placed to optimise the value from Malampaya," the spokeswoman said in response to emailed questions, without naming any potential buyers.
Aggressive investors who know how to balance risk and reward are likely to be the biggest winners as oil prices rebound from record lows