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Shell Pulls Out of Ukraine Deal Near Crimea

By Justin Scheck LONDON-- Royal Dutch Shell PLC said Wednesday that it withdrew from negotiations over an offshore exploration deal in the Black Sea, west of Crimea. Shell made the decision to pull out in January, a spokesman said. The Anglo-Dutch energy major was part of a group of companies including Exxon Mobil Corp. that struck a deal with the Ukraine government to develop the offshore Skifska oil-and-gas field. "In the Ukraine, we maintain our interest in the Skifska license, but it is on hold due to current circumstances," Exxon Senior Vice President Andrew Swiger told analysts at a meeting earlier this month. The Ukrainian government announced the deal in 2012, but a Shell spokesman said Wednesday that Shell still hadn't signed the agreement at the time it pulled out in January. The spokesman said Shell is still pursuing other Ukraine projects, including exploration for "tight" natural gas in underground rock formations. Shell's withdrawal preceded pullouts from the region by Ford Motor Co. and retailer Metro AG. Ford earlier this week said it would reassess a Russian joint venture. Metro postponed plans to issue an initial public offering of its Russian Cash & Carry business. Daniel Gilbert contributed to this article. Write to Justin Scheck at justin.scheck@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
05/27/201616:52:00Big Oil Companies Stay Shy Despite Upswing in Prices
05/27/201611:36:03Statement of Changes in Beneficial Ownership (4)
05/26/201611:02:44Initial Statement of Beneficial Ownership (3)
05/26/201610:42:27Specialized Disclosure Report (sd)
05/26/201603:03:00Climate-Change Tests Voted Down -- WSJ
05/25/201619:26:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201617:02:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201617:00:00Exxon, Chevron Shareholders Reject Climate-Change Stress Tests
05/25/201616:26:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201613:07:00Angela Braly Elected to ExxonMobil Board
05/25/201610:50:00White House to Push Companies for More Disclosure on Greenhouse...
05/24/201615:46:56Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/23/201603:03:00Exxon Faces a Proxy-Access Vote -- WSJ
05/22/201622:30:00Evacuation Order Lifted for Some Canadian Oil Sites
05/21/201614:32:00Evacuation Order Lifted for Some Canadian Oil-Sands Sites
05/21/201606:00:00Exxon Faces Proxy Access Showdown, Again
05/20/201616:00:00Alberta Wildfire Has Stopped Spreading, Officials Say
05/19/201623:40:00Oil Search in $2.2 Billion Deal to Buy InterOil
05/19/201619:59:00Cool, Wetter Weather Aids Firefighting Efforts in Canada -- Update
05/17/201612:30:00Plains All American, Employee Face Charges in Spill

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