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HomeShell

Shell

Shell
Earnings

Shell Australia returns $4 billion to global parent despite another hit on Prelude LNG project

April 19, 2024 Mariel Alumit

Shell has taken another hit on its floating Prelude LNG project in north-west WA as its Australian profits were savaged by nearly $2 billion of new writedowns last year. The oil and gas giant’s Australian […]

bio-LNG
Biofuel

Shell launches largest bio-LNG plant in Germany

April 19, 2024 Mariel Alumit

A unit of LNG giant Shell has launched what it says is the largest bio-LNG production plant in Germany. The new bio-LNG plant is located at Shell’s Energy and Chemicals Park Rheinland near the German […]

Shell
Finance

Oman LNG inks 10-year SPA with Shell

April 17, 2024 Mariel Alumit

State-owned producer Oman LNG has signed a 10-year sales and purchase agreement with a unit of LNG giant Shell. Under the SPA, Oman LNG will supply Shell International Trading Middle East (SITME) with 1.6 million […]

Shell
Big Oil Companies

Why ‘the dam would break’ if Shell quit the FTSE

April 15, 2024 Mariel Alumit

Endless hours have been spent imagining a world without oil as net zero looms decades in the future. In London, however, stock exchange chiefs face the prospect of a more immediate – and more worrying […]

Tanzania
Big Oil Companies

Tanzania seeks partners for its $40B LNG project, gas prospects

April 15, 2024 Mariel Alumit

With estimated recoverable gas resources of around 57 trillion cubic feet (tcf), Tanzania will feature as part of an East African regional spotlight at Invest in African Energy (IAE) 2024, as the country seeks partners […]

Shell's oil and gas reserve
Big Oil Companies

Shell’s oil and gas reserve life drops for sixth year in a row

April 8, 2024 Mariel Alumit

LONDON (Reuters) – The number of years of production left in Royal Dutch Shell’s oil and gas reserves fell for the sixth year in a row in 2019 to below eight. But there was little […]

Pavilion Energy
Big Oil Companies

Shell, Aramco in final stage of Pavilion Energy talks- sources

April 5, 2024 Mariel Alumit

LONDON/SINGAPORE, April 5 (Reuters) – Shell (SHEL.L), and Saudi Aramco (2222.SE),  which are competing to buy the assets of Temasek-owned liquefied natural gas (LNG) trading firm Pavilion Energy, are now locked in price negotiations after completing the […]

Shell
Finance

Shell expects ‘strong’ LNG trading results in Q1

April 5, 2024 Mariel Alumit

LNG giant Shell is expecting “strong” trading and optimization results for its integrated gas business in the first quarter of this year. However, the results will be “significantly” lower compared to an “exceptional” fourth quarter […]

Support for energy transition
Big Oil Companies

Support for energy transition will wane if people can’t afford energy, Shell lawyer says in Dutch climate case

April 3, 2024 Mariel Alumit

(Bloomberg) – Support for the energy transition will wane if ordinary citizens aren’t able to keep the lights on, a lawyer for Shell Plc argued as a crucial climate case got underway. Lawyers for Shell […]

Gazprom
Finance

Gazprom buys former Shell stake in Sakhalin Energy LNG

March 27, 2024 Mariel Alumit

Russian state-owned oil and gas major Gazprom has acquired a 27.5% stake in Russian liquefied natural gas (LNG) producer Sakhalin Energy for approximately $1bn (Rbs91.89bn), according to a government order. The stake was previously held […]

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