Pink Picks: Shell, Santander, Cepsa, Hunan Valin, Fortescue, Venture, Cairn Energy

Energy news from the FT:

- Shell sends first LNG delivery from Sakhalin-2
Bittersweet moment for Shell after being forced to cut its stake

- Santander offloads Cepsa stake to Abu Dhabi group for €2.8bn
Deal is latest by International Petroleum Investment Company

- Australia approves China’s Hunan Valin stake in Fortescue
Move boosts confidence Chinese entities welcome to invest

- Steep ‘contango’ forces traders to adapt commodities plans
Crude oil market hit hard by unfavourable futures curve

- Opportunity for 3i to sell Venture stake
Executive of private equity group steps down from Venture board

- Cairn lifts India’s energy profile
Rajasthan project to help Indian economy