We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shell (RDS.A) Wins Bid to Market First 3 Cargoes in Guyana
Read MoreHide Full Article
Royal Dutch Shell PLC recently announced that in the auction conducted by Guyana, it has succeeded in acquiring the first three deliveries of the government's share of the country's crude oil production. With this deal, Shell will expand its footprint in the oil market of Guyana, thereby spurring growth in the Latin American country’s oil marketing space.
A total of nine bidders placed their bids. However, Shell Western Supply and Trading was finally chosen as the most successful bidder. Apart from Shell's competitive pricing, the wide reach of its trading arm, Latin American footprint and "willingness to share critical refinery information" with the department, tilted the scale in the supermajor’s favour.
Exxon Mobil Corp. (XOM - Free Report) together with partners Hess Corp. (HES - Free Report) and China’s CNOOC Ltd. (CEO - Free Report) began its crude oil production in the Liza oil field, last week. Located in the Stabroek Block, Liza is a deepwater discovery, roughly 190 kilometers offshore Guyana and 1500-1900 meters under water. All of them successfully discovered more than six billion barrels of recoverable oil and gas in this offshore block.
Exxon-led consortium’s oil production, offshore the South American country, helped Guyana officially secure a dominant position on the oil-producing nations’ list.
Guyana’s first cargoes’ sale, fixed on a Dated Brent price basis, is set to experience the first lifting in February next year while the completion of the three cargoes is anticipated by mid-2020.This Exxon-operated project, which owns 45% interest in the consortium, is said to directly lift the first cargoes while Hess with a 30% stake is scheduled to lift a cargo, later that month.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Shell (RDS.A) Wins Bid to Market First 3 Cargoes in Guyana
Royal Dutch Shell PLC recently announced that in the auction conducted by Guyana, it has succeeded in acquiring the first three deliveries of the government's share of the country's crude oil production. With this deal, Shell will expand its footprint in the oil market of Guyana, thereby spurring growth in the Latin American country’s oil marketing space.
A total of nine bidders placed their bids. However, Shell Western Supply and Trading was finally chosen as the most successful bidder. Apart from Shell's competitive pricing, the wide reach of its trading arm, Latin American footprint and "willingness to share critical refinery information" with the department, tilted the scale in the supermajor’s favour.
Exxon Mobil Corp. (XOM - Free Report) together with partners Hess Corp. (HES - Free Report) and China’s CNOOC Ltd. (CEO - Free Report) began its crude oil production in the Liza oil field, last week. Located in the Stabroek Block, Liza is a deepwater discovery, roughly 190 kilometers offshore Guyana and 1500-1900 meters under water. All of them successfully discovered more than six billion barrels of recoverable oil and gas in this offshore block.
Royal Dutch Shell PLC Price
Royal Dutch Shell PLC price | Royal Dutch Shell PLC Quote
Exxon-led consortium’s oil production, offshore the South American country, helped Guyana officially secure a dominant position on the oil-producing nations’ list.
Guyana’s first cargoes’ sale, fixed on a Dated Brent price basis, is set to experience the first lifting in February next year while the completion of the three cargoes is anticipated by mid-2020.This Exxon-operated project, which owns 45% interest in the consortium, is said to directly lift the first cargoes while Hess with a 30% stake is scheduled to lift a cargo, later that month.
The Zacks Rank #3 (Hold) Shell is a global group of energy and petrochemical companies. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>