logo
Share SHARE
FONT-SIZE Plus   Neg

Shell Spots Sheen In Gulf Of Mexico; Shares Fall

Shares of European oil giant Royal Dutch Shell Plc (RDS-A, RDSA.L, RDSB.L, RDS-B) are falling over 5 percent in London after the company spotted a light sheen in the central portion of the Gulf of Mexico, between the Mars and Ursa production area. Shell has notified the National Response Center about the sheen.

The company said it currently has no indication that the sheen originates from wells in the Mars or Ursa projects.

Shell said that out of prudent caution it has activated the Louisiana Responder, a Marine Spill Response Corporation vessel.

The Louisiana Responder is an oil spill response vessel with skimming and boom capabilities. Shell has also requested flights to monitor the one by ten-mile sheen closely with additional aerial surveillance.

"At this time, the source of this sheen is unknown, and Shell's priority is to respond proactively, safely, and in close coordination with regulatory agencies. Updates will be provided as further action is taken," the company said..

RDSA.L is currently trading at 2,033 pence, down 108 pence or 5.04 percent, on a volume of 3.91 million shares.

RDS-A, which closed at $67.75, is falling close to 4 percent in pre-market trading.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Federal Network Agency (Bundesnetzagentur) has asked parents who bought the popular My Friend Cayla doll to destroy the toy or disable its wireless connection. The Bundesnetzagentur has banned the unauthorized wireless transmitting equipment in a children's toy and has already removed the product... Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange... Anglo-Australian mining giant BHP Billiton plc reported Tuesday a profit in its first half, compared to last year's hefty loss on sharply lower one charges. Underlying EBITDA, a key earnings metric, climbed 65 percent with higher production and prices. The company further lifted its dividend by 150 percent.
comments powered by Disqus
Follow RTT