Post Tagged with: "shell"

Source: World Oil

Shell joins Exxon with $1 billion Brazil exploration setback

World Oil


(Bloomberg) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center.

In the past three years, Shell has …

Source: World Oil

TotalEnergies starts pullback from Russia with $4 billion writedown

World Oil


(Bloomberg) — TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine.

The …

Source: Reuters

Shell Trinidad and Tobago delivers first gas from Colibri project

World Oil


Shell Trinidad and Tobago (through BG International, a subsidiary of Shell plc) announced that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago.

The start-up of Colibri follows …

Source: Reuters

Shell filed appeal against landmark Dutch climate ruling

Nasdaq


LONDON, March 29 – Energy major Shell SHEL.L has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts …

March 29, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: Reuters

Shell to invest up to 25 bln pounds in UK’s energy sector

Nasdaq


March 24 – Shell SHEL.L will invest up to 25 billion pounds ($33 billion)into the energy system in Britain over the next decade, a senior executive at the oil major said, and over 75% of which will be funnelled …

Source: World Oil

Shell among companies chasing Ecuadorian oil after Russia sanctions

World Oil


(Bloomberg) — U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude.

Ecuador’s state oil …

Source: World Oil

Shell, Eni declare force majeure on two large Nigerian oil flows

World Oil


(Bloomberg) — Shell Plc and Eni SpA both declared force majeure on key oil flows from Nigeria, threatening to disrupt supplies in a market that’s already fretting about the impact of Russia’s invasion of Ukraine.

Shell’s measure has …

Source: CNBC

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

CNBC


Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues.

Shell said it’s selling a 27.5% stake in Sakhalin-II, an integrated oil and gas project located on the …

February 28, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: World Oil

Shell Nigeria oil field sale draws bids from four local firms

World Oil


(Bloomberg) — Shell Plc’s sale of a multibillion-dollar stake in a joint venture that operates oil fields in Nigeria has attracted bids from four local companies, according to people familiar with the negotiations.

Seplat Energy Plc, Sahara Group …

Source: Reuters

Shell ends 2021 on high note, hikes dividend and boosts buybacks

Finance Yahoo


LONDON – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

The strong results cap …

Source: Reuters

Shell begins trading under simpler, single-line share structure

US News


Shell began trading with a single line of shares on Monday after the British oil major confirmed the assimilation of its A and B shares over the weekend as part of plans to simplify its two-tier structure.

The

Source: Reuters

Shell to hand over Deer Park refinery to Pemex next week – sources

Nasdaq


MEXICO CITY, Jan 13 – Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.

Royal Dutch Shell RDSa.L

Source: CNBC

Shell pursues $7 billion buyback ‘at pace’ despite LNG troubles

CNBC


Royal Dutch Shell said it will pursue its $7 billion share buyback program after selling its U.S. shale business “at pace” as its liquefied natural gas (LNG) production was hit once again by unplanned outages.

Fuel sales were also …

Source: World Oil

Shell sends seismic vessel home after South African court loss

World Oil


(Bloomberg) – The vessel hired by Royal Dutch Shell Plc to look for potential oil and gas fields is on course to leave South African waters after community groups won a court case to temporarily halt the activity.…

Source: shell.com

Shell signs gas concession agreement for Block 10 in Oman’s Saih Rawl field

World Oil


Shell Integrated Gas Oman BV, a subsidiary of Royal Dutch Shell plc, along with its partners, OQ and Marsa Liquefied Natural Gas LLC, have signed a concession agreement with the Ministry of Energy and Minerals on behalf of …

Source: World Oil

Shell extends renewable energy commitment with Savion acquisition

World Oil


Shell New Energies US, a subsidiary of Royal Dutch Shell, has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. …

Source: CNBC

Shareholders of oil giant Shell vote in favor of London move

CNBC


LONDON — Shareholders of oil giant Royal Dutch Shell on Friday voted to approve plans for the company to overhaul its legal and tax structure and move its headquarters to the U.K. from the Netherlands.

The Anglo-Dutch company has …

December 10, 2021 - 10:30 am Closing Bell Story‎
Source: World Oil

Shell evacuates Prelude floating LNG plant after power outage

World Oil


(Bloomberg) –Royal Dutch Shell Plc has evacuated non-essential staff from its floating liquefied natural gas facility in northwest Australia as the operator struggled to restore power that knocked out operations earlier in the week, according to people familiar …

December 6, 2021 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG, Offshore
Source: Reuters

Shell wins court ruling, to start seismic survey offshore South Africa

World Oil


(Bloomberg) –A South African court has ruled that Royal Dutch Shell Plc can proceed with a seismic survey offshore the East Coast, after dismissing a legal application by activist groups.

Greenpeace was among organizations that filed an urgent …

Source: Reuters

Shell scraps plans to develop Cambo North Sea oilfield

Nasdaq


LONDON, Dec 2 – Royal Dutch Shell RDSa.L said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain’s development of new oil and …

Source: Reuters

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

Reuters


HOUSTON – A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of …

Source: CNBC

Oil giant Shell strikes deal to buy power from ‘world’s largest offshore wind farm’

CNBC


Shell said Wednesday it had signed a deal to purchase power from a development dubbed “the world’s largest offshore wind farm.”

The 15-year power purchase agreement relates to 240 megawatts from Dogger Bank C, the third and final phase …

Source: Reuters

Shell launches shareholder talks to win backing for HQ move, sources say

Reuters


LONDON – Royal Dutch Shell has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote.

November 23, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Ocean News

Shell and Baker Hughes to collaborate on energy transition, net-zero emissions solutions

World Oil


Shell Global Solutions and Baker Hughes have signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and …

Source: CNBC

Shell teams up with Norsk Hydro to work on green hydrogen projects

CNBC


Norsk Hydro and fossil fuel giant Shell are to look into the potential of joint projects focused on green hydrogen production.

In an announcement Tuesday, Norway’s Hydro said a memorandum of understanding had been signed between the two parties.…

Source: Reuters

Shell and Norsk Hydro team up for green hydrogen

Reuters


OSLO – Royal Dutch Shell and Norsk Hydro are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday.

The …

Source: Reuters

Shell resumes oil exports at Mars and Ursa in the Gulf of Mexico

World Oil


Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 …

November 5, 2021 - 3:50 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Shell says break-up of group would not work in real life

Shell says break-up of group would not work in real life

Reuters


LONDON (Reuters) – Breaking up oil major Royal Dutch Shell into separate fossil fuels and renewables companies might be financially compelling but would not work in real life, finance chief Jessica Uhl said on Thursday.

Activist hedge fund Third …

Source: World Oil

Shell may restart hurricane-hit Gulf platforms ahead of schedule

World Oil


(Bloomberg) –Royal Dutch Shell is hoping to restart its Ursa oil and gas platform in the U.S. Gulf of Mexico as early as the first half of November, according to a person familiar with the matter who asked …

Source: Reuters

Shell flags $400 million hurricane hit, but boost from soaring prices

Reuters


LONDON (Reuters) – Royal Dutch Shell warned on Thursday of a $400 million hit to third-quarter earnings from the damage caused by August’s Hurricane Ida.

However, in an update ahead of quarterly results this month, the oil major also …