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Royal Dutch Shell announced that its subsidiary Shell Oil Products U.S. , has reached an agreement for the sale of its Puget Sound Refinery to Texas based HollyFrontier Corporation for $350 million. The Puget Sound Refinery is based near Anacortes, in Washington, the USA.

  • The divestment is part of Shell’s strategy to reduce its global refinery footprint to core sites integrated with the company’s trading hubs, chemicals plants and marketing businesses.
  • The agreement covers the sale of Shell’s Puget Sound Refinery, the on-site cogeneration facility and the associated logistics infrastructure, as well as the product offtake agreements in support of Shell’s existing retail marketing business in the Pacific Northwest. Shell’s off-site logistics assets are excluded from the sale.

The major deals by Shell are featured below:

Dec 2020: The leading energy company Global Infrastructure Partners announced that its subsidiary Global Infrastructure Partners Australia has signed an agreement to acquire 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities from Shell for approximately $2.5 billion.

May 2020: Royal Dutch Shell announced that its subsidiary Shell Gas B.V has taken Final Investment Decision (FID) on a new LNG processing unit at Nigeria LNG (NLNG). These conditions included formal commitment from the organisations providing financing for the project. Subsequent to the FID, NLNG has announced awards of engineering, procurement and construction (EPC) contracts.

May 2020: Royal Dutch Shell plc, through its affiliate SWEPI LP, has reached an agreement with National Fuel Gas Company (NFG) a USA based energy company and its subsidiaries, Seneca Resources Company, LLC, National Fuel Gas Midstream Company, LLC, and NFG Midstream Covington, LLC, to sell its Appalachia shale gas position for $541 million.

April 2020: Shell Australia a unit of Royal Dutch Shell, has taken decision to investment in Arrow Energy’s Surat Gas Project in Queensland, Australia. Shell will develop gas project in Queensland. The project will bring up to 90 billion cubic feet per year of new gas to fulfil market demand.

February 2020: Royal Dutch Shell’s corporate venture capital arm Shell Ventures announced investments in Canadian biofuel start-up Forge Hydrocarbons Corp. The fund will help build a first-of-its-kind biofuel production plant in Sombra, Ontario, Canada.

February 2020: Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell announced that the company has formally closed the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF), for approximately $1.2 billion.

About Shell

Royal Dutch Shell is a leading global group of energy and petrochemical companies, which is headquartered in the Netherlands and incorporated in the United Kingdom. The company has more than 86,000 employees in nearly 70 countries of the world. The Shell’s business includes oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.

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