Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Shell Spots Sheen In Gulf Of Mexico; Shares Fall

Shares of European oil giant Royal Dutch Shell Plc (RDS-A: Quote, 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.

Click here to receive FREE breaking news email alerts for Royal Dutch Shell Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth. A Thai company has bought iconic U.S. tuna brand Bumble Bee for $1.51 billion dollars. Thai Union Frozen Products Public Company Limited or TUF, the world's largest processor of shelf-stable tuna products snapped up Bumble Bee from private equity firm Lion Capital. Post Synergies, the transaction...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.