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
Amazon.com Inc. will celebrate its third annual Prime Day, its biggest sales event of the year, on Tuesday, July 11. This year, Prime Day will start earlier at 6 pm PT/ 9 pm ET on Monday, July 10. This will give Prime members 30 hours to shop, instead of 24 hours. New deals will be as often as every five minutes, according to the company. Shares of Fred's Inc. tumbled more than 20 percent in pre-market trades Thursday after the company's agreement with Walgreens Boots Alliance Inc. and Rite Aid Corp. to purchase 865 stores was terminated. The termination of the deal comes after Rite Aid and Walgreens Boots said they have mutually agreed to terminate their previous agreement under which Walgreens was to acquire Rite Aid. Tesla's Elon Musk was adjudged the most cautious CEO by Watson supercomputer of IBM. Cisco's Chuck Robbins, Microsoft's Satya Nadella, and Oracle's Larry Ellison are the other toppers in the list.
comments powered by Disqus
Follow RTT