Shell withdraws from Ukraine deal near Crimea


Royal Dutch Shell (RDS.A -0.5%) says it pulled out of negotiations over an offshore exploration agreement in the Black Sea west of Crimea in January.

The Ukrainian government announced the deal in 2012, but a Shell spokesman says the company still hadn't signed the agreement at the time it pulled out in January, while adding that Shell is still pursuing other Ukraine projects.

Shell was part of a group of companies including Exxon Mobil (XOM) that struck a deal with the Ukrainian government to develop the Skifska oil and gas field.

From other sites
Comments (2)
  • Those Who Wait
    , contributor
    Comments (903) | Send Message
     
    Frankly, I think the stock should be going UP on this news.
    19 Mar 2014, 03:27 PM Reply Like
  • blackjack
    , contributor
    Comments (59) | Send Message
     
    ...withdrawing at this stage is very prudent...no/lessened personnel, materiel, operational start-up pains to endure. The Company's timely, market respectful transparency is commendable..and provokes inquiry of its partners. I agree with the foregoing blogger.
    19 Mar 2014, 05:19 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs