The Royal Dutch Shell Group was created in April through the amalgamation of two rival companies:
Horizontal The Federal Trade Commission has reached a settlement agreement with Royal Dutch Shell and Exxon over charges that their proposed joint venture to develop, manufacture, and sell viscosity index improver -- an essential motor oil additive -- would reduce competition and violate federal antitrust laws.
To settle the FTC charges, Exxon would sell its viscosity index improver business to a Commission-approved buyer prior to consummation of the joint venture and within 6 months.
On July 10,Exxon and Shell announced they would form a joint venture to develop, manufacture and sell their fuel and lubricants additives, including viscosity index improvers. Viscosity index improvers, also known as viscosity modifiers, are added to motor oil to assure that it has the high viscosity required to protect auto engines at high temperatures and the low viscosity required to operate engines when they are cold.
Together, Exxon and Shell account for more than one-half of the sales of viscosity index improver in North America. The complaint also alleges that entry by a new competitor would not be "timely, likely or sufficient" to offset the competition lost to the joint venture.
Chevron's Oronite division is currently in the lubricant additives business and Exxon and Chevron have negotiated a sales agreement for Exxon's viscosity index improver assets and certain synthetic rubber assets required for improver production.
The agreement would also prohibit the transfer of competitively sensitive information about Chevron to Shell by Exxon. If the sale to Chevron is not consummated, Exxon will be required to sell not only the assets it had planned to sell to Chevron, but additional assets necessary to enable a non-producer of viscosity index improver to purchase Exxon's assets and manufacture the improver.
The Commission vote to accept the proposed consent agreement was A consent agreement is for settlement purposes only and does not constitute an admission of a law violation. When the Commission issues a consent order on a final basis, it carries the force of law with respect to future actions.
Consent agreements subject to public comment also are available by calling Jun 03, · Royal Dutch Shell resumed its gasoline shipments to Iran, International Oil Daily reported this morning.
The company got back into business with . Royal Dutch Shell plc ("Shell"), is an oil and gas company, headquartered in the Netherlands. Shell International Exploration and Production Inc. ("SIEP") is a Delaware company with headquarters in Houston, Texas, and is a wholly owned indirect subsidiary of Shell.
Shell Group belongs to Royal Dutch Shell Plc, based in Wales and England (Shell, [online]).
Its upstream strategy focuses on the exploration of new natural reserves of oil and gas and investing in projects to gauge technological and know-how value-added advantages. The Federal Trade Commission has reached a settlement agreement with Royal Dutch Shell and Exxon over charges that their proposed joint venture to develop, manufacture, and sell viscosity index improver -- an essential motor oil additive -- would reduce competition and violate federal antitrust laws.
Company and The “Shell” Transport and Trading Company under a single parent company, Royal Dutch Shell plc. In July , the transaction was completed in which Royal Dutch Shell. 2: Shell International Exploration and Production Inc. (“SIEP”), a Delaware company with headquarters in Houston, Texas, is a wholly owned indirect.
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