Sunday, May 3, 2026

Shell Shuts Down Second Major Project, Streamlines Upstream Operations

Shell takes $2 billion impairment with oil sands exit in Canada Royal Dutch Shell (ticker: RDSA) announced today that the company will not continue construction on its Carmon Creek oil sands project in Alberta. The project was expected to produce up to 80,000 barrels of oil per day (MBOPD). Carmon Creek is a thermal in situ project that is 100%

Cheniere Marketing and ENGIE Sign 5-Year LNG Sale and Purchase Agreement

HOUSTON, Oct. 28, 2015 /PRNewswire/ — Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) announced today that its wholly owned subsidiary, Cheniere Marketing International LLP (“Cheniere Marketing”) has entered into a 5-year Sale and Purchase Agreement (“SPA”) with ENGIE S.A. for the delivery of liquefied natural gas (“LNG”) cargoes on an ex-ship basis (“DES”) primarily to the Montoir de Bretagne LNG regasification

Eni sells 12.5% stake in Saipem to Fondo Strategico Italiano, undertakes to support Saipem capital increase and financial independence of Saipem, and agrees repayment of inter-company loans

San Donato Milanese (Milan), 27 October 2015 – Earlier today, 27 October  2015, Eni S.p.A. (“Eni”) executed a sale and purchase agreement (the “Sale and Purchase Agreement”), pursuant to which it will sell a stake in Saipem S.p.A. (“Saipem” or the “Company”) consisting of n. 55,176,364 ordinary shares, representing approximately 12.5% plus one share of the Company share capital (the “Transferred

Is Chicago Bigger than NYC for Financial Trading?

From The Business Journals New York has a challenger to its long-held position at the center of the world’s most important financial market. Back in the 1990s, a group of firms set the stage for taking over high-frequency trading (HFT) and the results paid off. In today’s $13 billion treasury market, Chicago is dominating while Wall Street’s influence is beginning