Shell signs agreement to sell Downstream businesses in Denmark (Scandinavian Oil-Gas Magazine)

Shell signs agreement to sell Downstream businesses in Denmark

Published Mar 18, 2015

Shell has reached agreement with Couche-Tard for the sale of its marketing operations in Denmark, comprising retail, commercial fleet, commercial fuels, aviation and connected trading & supply products businesses. The businesses will be managed by Statoil Fuel and Retail A/S, a wholly-owned indirect subsidiary of Couche-Tard.

Shell's Upstream business in Denmark are not impacted by this agreement. Separately, Shell is seeking a buyer for its Fredericia refinery.

The sale is subject to regulatory approvals and is expected to complete in 2015. Details of the sale are commercially confidential.

The deal includes a Trademark License Agreement, under which the Shell brand will remain highly visible in Denmark through the Shell-branded retail network and in the fuels wholesaling sector. The euroShell card scheme will continue to be available to customers. Lubricants will continue to be delivered via a separate macro distributor agreement with Univar.

Tags: Shell

Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font

Top Stories

New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.

Rystad Energy - Borr Drilling takes charge of the jackup market

Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.

Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.

Southwest Research Institute (SwRI) - IMSF2

SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS²), to be held April 25-26, 2018, at SwRI’s headquarters...

Rendering of the Johan Sverdrup field in the North Sea (illustration: Statoil/TRY)

Further Increasing Johan Sverdrup Value
Feb 7, 2018
Statoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.

Faroe Petroleum - Fogelberg discovery and appraisal wells

Faroe Commences Fogelberg Appraisal Well
Feb 6, 2018
Faroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).

North Sea Exploration Success for BP
Feb 1, 2018
BP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.

Shell signs agreement to sell Downstream businesses in Denmark

Related links