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
Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the... Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors.
comments powered by Disqus
Follow RTT