Shell: 9/10 U.S. LNG Shipments Going To Europe, Still Not Enough To Balance The Market
Shell's robust LNG segment makes it an attractive buy amid Europe's systemic energy crisis, with persistent supply-demand imbalances driving higher LNG prices. Despite a decline in overall earnings and revenues in 2024, Shell's LNG segment remains highly profitable, contributing significantly to net earnings. Shell's debt servicing costs increased, but the company is steadily reducing its total debt, enhancing its financial stability.
Shell sees significant LNG growth in near term under its scenarios
Global demand for liquefied natural gas will see a robust rise in the next few years, while gas will likely see a more gradual dynamic and oil may peak at the beginning of the next decade, scenarios published by Shell showed on Wednesday.
Climate activists take Shell case to Dutch Supreme Court
Climate activist group Friends of the Earth Netherlands is taking its court case against oil major Shell to the Netherlands' Supreme Court, as it continues to seek a specific carbon reduction target for the company and its products.
Shell Awards $70M Drilling Contract to Noble Corporation
SHEL inks a major drilling contract with Noble Corporation for its Noble semisubmersible rigs, ensuring continued operations in the Americas.
Shell Revives Production at North Sea's Penguins Field With a New FPSO
SHEL is all set to restart production at the Penguins field, reducing emissions and securing domestic energy for the U.K.
Shell CEO: Trade war between U.S. and China could result in an extended period of uncertainty
Wael Sawan, Shell CEO, joins CNBC's 'Squawk on the Street' to discuss how trade tensions will impact oil prices and production, what he's seeing in energy demand, and more.
Canadian Natural and Shell Announce Swap Deal for AOSP Assets
CNQ is all set to strengthen its oil sands portfolio with an asset swap deal with Shell, increasing its AOSP mines stake to 100%.
Shell Canada president departs company
The head of oil multinational Shell's Canadian operations is leaving the company after four years at the helm.
Shell reports oil spill in Nigeria after saver pit overflows
Shell reported an oil spill on Tuesday at Ogale, near Port Harcourt, after a saver pit overflowed during flushing operations in the Niger delta region.
Shell restarts production at Penguins field in UK North Sea
Shell said on Tuesday it has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility.
Shell flags emerging markets opportunity ahead of investor day - Citi
Shell PLC's leadership is said to have flagged scope to pursue further growth in emerging markets as US energy firms turn focus towards domestic operations. Chief executive Wael Sawan in a meeting cited “frustration from political leaders” in such countries over issues with accessing financing, according to Citi analysts.
US energy producer Talos set to name Shell's Goodfellow as next CEO, sources say
Talos Energy , a mid-sized U.S. oil producer with operations in the Gulf of Mexico, is poised to name veteran Shell executive Paul Goodfellow as its next CEO, two people familiar with the matter said on Sunday.
