Current RDSA Stock Info

Shell exits Abu Dhabi due to project economics
Royal Dutch Shell (ticker: RDSA) announced today that the company will not continue the joint development of the Bab sour gas reservoirs with Abu Dhabi National Oil Company (ADNOC). According to a press release put out by Shell today, the company concluded “the development of the project does not fit with the company’s strategy, particularly in the economic climate prevailing in the energy industry.”

The joint venture was originally announced in April, 2013, with Shell taking a 40% stake in the...

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