Shell plc’s SHEL Indonesian affiliate has taken a bold step in reshaping its business strategy by divesting fuel retail operations to a joint venture between Citadel Pacific Limited and Sefas Group.

Shell Indonesia, a wholly owned subsidiary of European oil and gas major Shell (NYSE:SHEL), has agreed to transfer ownership of its fuel filling station business in Indonesia.

a subsidiary of Shell, has completed the sale of a 35% participating interest in Indonesia's Abadi Masela gas project to Indonesia's Pertamina and Malaysia's Petronas, Shell said in a statement on ...

JAKARTA, May 23 (Reuters) - Shell Indonesia has agreed to sell ownership of its gas station business to a joint venture between Citadel Pacific Limited and Sefas Group, but will keep its lubricant ...

Shell said Tuesday that it is selling its 35% interest in Indonesia’s Masela production sharing contract, which includes the Abadi gas project, to PT Pertamina Hulu Energi and Petronas Masela ...

Shell plc (SHEL) made a significant decision to sell its 35% stake in Indonesia’s Masela production sharing contract (including the Abadi gas project) to PT Pertamina Hulu Energi and Petronas ...

Indonesia's government has renewed its threat to take back Shell's (NYSE:SHEL) stake in the Masela block if the company fails to sell it by next year, Reuters reported Tuesday, citing a senior ...