The Hague-based LNG giant Shell said on Wednesday that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand to PTT Exploration & Production (PTTEP) for $750 million before tax.The transaction is expected to complete in the second quarter of 2018, Shell said in its statement.“Shell’s decision to divest remains driven by our strategy to sell non-core assets in order to re-shape Shell into a simpler, more resilient and focused company. This sale takes Shell a step closer to its divestment target of $30 billion,” it said.The agreement is for Shell’s stake in Blocks 15, 16 and 17 and Block G12/48. Following the completion of this transaction, PTTEP’s stake in Bongkot will increase to 66.6667%, with the remaining 33.3333% owned by Total. PTTEP is the current operator of Bongkot.
BACOLOD City – Police arrested adrunken man for possessing an unlicensed gun in Barangay Mansilingan. Police officers seized an improvisedfirearm and a shell of a 12-gauge shotgun from Planilla. The suspect was detained in thecustodial facility of Police Station 7./PN He was identified as 34-year-old AlanPlanilla of Barangay Vista Alegre, a police report showed. According to police investigation,Planilla started a commotion around 10 p.m. on Oct. 6.
Dedigout ran out a convincing winner of the Ladbrokes Ireland Boyne Hurdle at Navan after drama at the final flight in the Grade Two contest. Bryan Cooper always looked comfortable on the Tony Martin-trained 6-4 favourite, who was coming off the back of a victory in the Galmoy Hurdle, and all looked to be going to plan when he hit the front after jumping the third-last flight. But Briar Hill was switched to put in a powerful challenge under Ruby Walsh and had just hit top gear when he fell at the last, allowing Dedigout to ease away from Zaidpour to score by two and a half lengths, with Gerdago running a fine race in third. Press Association Martin said: “He jumped well coming back to this trip. He always had the pace and the ground helped his stamina come into play. “Ruby was a bit unlucky and who knows what would have happened if he’d stood up, I thought we had a little left and it would have been interesting to see.” Dedigout was trimmed to 20-1 from 25-1 for the Ladbrokes World Hurdle at Cheltenham with Paddy Power, who cut Briar Hill to 16-1 from 25-1. Boylesports left Dedigout unchanged at 20-1. However, Martin warned: “Hopefully our fellow is OK in the morning, and there will have to be at least yielding in the ground wherever he goes. We’ll get him home and see where we go from there.” Cooper told At The Races: “Tony’s done a great job getting him back. He loves that soft ground, it’s a big help to him. He’s doing nothing wrong so far “I was in front sooner than I wanted and I wasn’t doing much in front. I’d be hoping if my lad got into a battle he’d come out the other side. Ruby was maybe travelling the better, but I always thought I had plenty up my sleeve. “There’s another one in him, no doubt, but we’ll be very careful where we go. It will want to be good, even ground wherever he does go.” The victory was part of a treble for owners Gigginstown House Stud, who also scored with Very Wood and Cogryhill.