Shell’s Nigerian subsidiary, SNEPCo, has approved the Bonga North deep-water oil project, a subsea tie-back to the Bonga FPSO facility. Expected to produce 110,000 barrels of oil per day at peak, this project adds over 300 million barrels of recoverable oil equivalent, sustaining production at the Bonga facility and demonstrating Shell’s commitment to near-field opportunities. First oil is projected by the end of the decade.
Eco Wave Power Global AB (WAVE) secures a final permit from the U.S. Army Corps of Engineers, paving the way for the first onshore wave energy installation in the US at the Port of Los Angeles. This marks a significant milestone in the company’s collaboration with Shell and signifies a major step towards commercializing wave energy as a clean and reliable power source.
As COP29 unfolds in Baku, Azerbaijan, the climate conversation is dominated by the actions of major oil companies. While ExxonMobil emphasizes its commitment to reducing carbon emissions and urges stable climate policies, Shell navigates the complexities of legal accountability for its environmental impact. This article analyzes the conflicting approaches and the implications for global climate action.
Shell PLC (SHEL) shares are trading relatively flat on Friday despite the company exceeding earnings expectations in the third quarter. The strong performance was driven by robust revenue, resilient upstream earnings, and a particularly strong showing in the LNG division. Analysts remain optimistic, with RBC Capital Markets and Scotiabank reiterating their Outperform ratings and highlighting the company’s commitment to shareholder returns and buybacks.
Shell plc (SHEL) shares are trading higher after the company reported strong third-quarter results, exceeding revenue expectations and announcing a share buyback program. The company also raised its upstream production outlook and revised its integrated gas guidance, signaling positive future prospects.
FAW Trucks and Shell unveiled the groundbreaking Starship China, a low-carbon, energy-efficient truck showcasing advanced technologies for sustainable road transportation. This collaboration marks a significant milestone in the global energy transition and paves the way for a greener future for the transportation industry.
Shell, the integrated oil and gas giant, is set to unveil its latest quarterly earnings report on Thursday, October 31st, 2024. Investors are eagerly anticipating the announcement, hoping for news of exceeding estimates and positive guidance for the upcoming quarter. This article analyzes key metrics, industry comparisons, and financial insights to help you understand Shell’s performance and what to expect from the earnings call.
Ferrari N.V. has renewed its multi-year partnership with Shell PLC, covering its racing activities and the Ferrari Challenge Series. Meanwhile, Shell’s subsidiary has acquired a 609-megawatt power plant in Rhode Island, bolstering its position in the New England power market.
Shares of Shell PLC (SHEL) saw a 1.22% increase on Tuesday morning as escalating tensions in the Middle East, sparked by the assassination of Hezbollah leader Hassan Nasrallah, raised concerns about global oil supply disruptions. This surge in oil prices is benefiting energy giants like Shell, whose integrated energy portfolio is closely tied to global oil market fluctuations. Learn more about the implications of the situation and if Shell is a good stock to buy.
Shell, TotalEnergies, and Equinor saw their shares decline after announcing the completion of a joint CO2 storage project in Norway. However, the companies face legal challenges from environmental groups on other North Sea projects. Meanwhile, Shell secured a bid for a shallow water block in Trinidad and Tobago.
