Post Tagged with: "shell"

Source: Reuters

Shell sells interest in U.S. offshore wind joint venture as company refocuses on oil and gas

World Oil


(WO) – Shell New Energies US LLC has sold its 50% equity share in SouthCoast Wind Energy LLC to joint venture partner Ocean Winds North America LLC.

SouthCoast Wind is a 50-50 joint venture between Shell and Ocean

Source: Reuters

Shell considers slowing its carbon emissions cuts

Yahoo Finance


UK-based supermajor Shell has been updating its strategy on climate targets and could announce a slower pace of its emissions reductions later this week, anonymous sources with knowledge of the discussions have told Bloomberg.

Shell is set …

Source: Reuters

Shell’s LNG trading head to step down weeks after posting $2.4 billion profit

Oil Price


Just weeks after posting $2.4 billion in trading profits from liquefied natural gas (LNG) in the fourth quarter of last year, the long-time head of Shell’s LNG, natural gas and power trading unit, Steve Hill, is stepping down, …

March 11, 2024 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, LNG
Source: World Oil

Shell, bp, others join NSTA’s decommissioning dashboard to support operational cost efficiency

World Oil


(WO) – Cost-efficient decommissioning has received a significant boost with the relaunch of a bigger, better digital data dashboard providing vital information about upcoming work to potential suppliers.

The Decommissioning Data Visibility Dashboard now includes field-specific information from …

bp prepares to drill pre-salt deepwater well offshore Brazil following unsuccessful exploration attempts by Shell, ExxonMobil

bp prepares to drill pre-salt deepwater well offshore Brazil following unsuccessful exploration attempts by Shell, ExxonMobil

World Oil


(Bloomberg) – bp Plc is preparing to drill a deepwater well in Brazil in the latest attempt to break a streak of bad luck by oil majors who have paid billions for exploration rights and have little to …

Source: Reuters

EXCLUSIVE-Shell’s US solar unit launches asset sale, sources say

Nasdaq


NEW YORK – Shell’s SHEL.L U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects …

Source: Oil Price

Raging wildfire threatens Texas oil rigs, refinery

Oil Price


Texas Panhandle oil refineries and cattle ranches remain under critical threat as wildfires continue to spread, now consuming 500,000 acres after having prompted the temporary evacuation of the United States’ primary nuclear weapons assembly plant.

Earlier on Wednesday, …

Source: Reuters

Shell earned $2.4 billion from LNG trading in Q4

Oil Price


Shell earned $2.4 billion from LNG trading in the fourth quarter amid strong demand for the fuel ahead of the winter, with LNG trades contributing to almost a third of its Q4 adjusted earnings, Reuters reported on Friday, …

February 23, 2024 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, LNG
Source: World Oil

QatarEnergy to supply crude oil to Shell for five years in “first ever” contract agreement

World Oil


(WO) – QatarEnergy has announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell).

The agreement stipulates the supply of up to 18 MMbbl per annum of Qatar Land and Qatar Marine crude …

Source: Reuters

Shell extends job cuts as CEO seeks to trim costs

World Oil


(Bloomberg) — Shell Plc has begun cutting jobs beyond previously announced reductions in its low-carbon division as CEO Wael Sawan seeks to trim costs and be more competitive with U.S. rivals, people familiar with the matter said.

Roles …

Source: Reuters

Shell advances Gulf of Mexico growth with Sparta project investment

World Oil


(WO) — Shell Offshore Inc., a subsidiary of Shell plc, has made a final investment decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects.…

Source: Reuters

Exclusive-Venezuela close to approving offshore gas license with Trinidad, Shell

Yahoo Finance


Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to …

Source: Reuters

Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO

US News


LONDON – Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, it said on Wednesday.

The staff

Source: Reuters

Analysis: Mega transatlantic oil mergers less likely after Exxon, Chevron deals

Yahoo Finance


LONDON – The prospect of Exxon Mobil or Chevron buying European majors has receded after the two leading U.S. oil companies announced major acquisitions focused on the Americas this month, investors said.

Speculation that Chevron and Exxon might …

Source: Reuters

Namibia expects first oil production by 2030

Oil Price


One of the world’s exploration hotspots, Namibia, expects first oil from the recent major offshore discoveries by 2030, the country’s Petroleum commissioner Maggy Shino told Reuters on Wednesday.

 

“For the oil project, deep water we are thinking …

Source: Reuters

Shell and TotalEnergies profits slump as oil and gas prices cool

Nasdaq


LONDON/PARIS – Shell SHEL.L and TotalEnergies TTEF.PA reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened.

 

Oil and gas prices soared last year in the …

Source: Reuters

Shell considers selling stake in renewable power unit as CEO turns focus back to fossil fuels

World Oil


(Bloomberg) – Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to study …

Source: Reuters

Shell expects ‘significantly lower’ trading in gas business

Yahoo


Energy giant Shell has warned that trading from its gas division is set to be “significantly lower” for the past three months compared with the previous quarter. The London-listed oil and gas firm said trading was affected by seasonal …

Source: CNBC

Shell boosts dividend by 15%, maintains oil output through to 2030

CNBC


British oil major Shell on Wednesday announced plans to boost returns to shareholders and keep oil output steady, as part of its strategy to simplify the group’s business and improve investor confidence.

Ahead of its Capital Markets Day conference

Source: Reuters

Shell to sharply boost dividend in new CEO plan

Nasdaq


LONDON – Shell SHEL.L will ramp up dividends and share buybacks while keeping oil output steady into 2030 as part of CEO Wael Sawan’s efforts to regain investor confidence that wavered over its energy transition plan.

In a new …

Source: Reuters

Shell suspends production at the world’s largest floating LNG facility

Oil Price


Shell has halted production at Prelude LNG – the world’s largest floating liquefied natural gas facility offshore Australia – due to a trip, a spokesperson for the supermajor said on Friday without giving details when production could resume.…

May 12, 2023 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: World Oil

Shell invests in subsea tieback in U.S. Gulf of Mexico

World Oil


(WO) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Dover, a planned subsea tieback to the Shell-operated Appomattox oil production hub in the U.S. Gulf of Mexico. Dover is expected …

March 16, 2023 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Shell completes sell of interest in “big three” California oil producer to IKAV

Shell completes sell of interest in “big three” California oil producer to IKAV

World Oil


(WO) – Shell Offshore Inc., a subsidiary of Shell plc, has completed the previously announced sale of its 100% interest in Shell Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV.

Shell completes sell of interest in “big three” California oil producer to IKAV- oil and gas 360

The …

Source: World Oil

Shell begins oil production at first deep-water platform in Gulf of Mexico

World Oil


(WO) — Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced has begun oil production at the Shell-operated Vito floating production facility in the U.S. Gulf of Mexico (GoM). With an estimated peak production of 100,000 boed, …

Source: Reuters

Shell nearly sold its Norwegian oil and gas assets in late 2022

Oil Price


Shell held talks last year with the biggest UK North Sea producer Harbour Energy to sell its oil and gas fields offshore Norway and some mature assets offshore the UK, but a deal ultimately couldn’t be reached due …

Source: CNBC

Shell to take $2 billion fourth-quarter tax hit after new EU, UK levies

CNBC


Oil and gas major Shell said Friday it expects to take a $2 billion hit for the fourth quarter as a result of new taxes in the European Union and U.K.

 

 

“The Q4′22 earnings impact of recently …

Source: Reuters

Shell CEO calls for higher taxes to protect consumers

Oil Price


The current energy crisis cannot be left to the roiled market to sort itself out and will need smart government intervention by taxing the wealthier to shield the most vulnerable consumers, according to Shell’s chief executive Ben van …

Source: Reuters

Activist investor: shell must do more to curb emissions

Oil Price


An expected drop in Shell’s net greenhouse gas emissions is not aligned with the Paris Agreement and with a Dutch court order for the now UK-based supermajor to slash emissions much more by 2030, activist investor Follow This …

Source: Reuters

Shell, Total continue buyback bonanza after record profits

Yahoo Finance


LONDON – Europe’s biggest oil companies Shell and TotalEnergies extended share buybacks on Thursday after their second-quarter profits beat an already record-breaking previous quarter on the back of soaring crude, gas and oil product prices.

The two companies …

Source: Reuters

Exclusive-Shell wants to share more of its blockbuster profits, CEO says

Reuters


OXFORD, England – Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said …