BP and Shell to benefit short-term top picks for leading American investment bank
Citi has identified BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) as its top short-term picks in the oil sector, citing the potential for a rebound driven by rising demand, particularly from China's economic stimulus.
Shell (SHEL) Advances While Market Declines: Some Information for Investors
Shell (SHEL) closed at $66.11 in the latest trading session, marking a +1.18% move from the prior day.
Shell Outbids Competitors to Secure Trinidad Shallow Water Block
SHEL's victory to secure a key shallow water block in Trinidad and Tobago is significant for increasing gas supply to its majority-owned Atlantic LNG project.
Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility
SHEL shelves its blue hydrogen project in Norway due to weak demand, highlighting challenges faced by the clean energy industries.
Shell, Equinor, TotalEnergies open Norwegian CO2 storage facility
Shell , Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway's west coast is now completed and ready to receive CO2, with its first deliveries expected next year.
Oil majors BP and Shell spooked by fuel price outlook
A combination of low fuel pump prices and a dip in Brent crude oil forecasts is weighing on big-cap oil stocks this Thursday. BP plc is currently the biggest faller on the FTSE 100, having shed 4.3% from its share price, while Shell PLC (LSE:SHEL, NYSE:SHEL) is currently off 3.7%.
Trinidad selects Shell as preferred bidder for shallow water block, sources say
Trinidad and Tobago selected oil and gas producer Shell as the preferred bidder for a shallow water block, beating out bids from BP and EOG Resources , three people close to the process said.
Shell, Ithaca and Equinor to face Greenpeace judicial review over Rosebank and Jackdaw fields
The legal case against Shell PLC (LSE:SHEL, NYSE:SHEL), Equinor and Ithaca Energy PLC (LSE:ITH) concerning two controversial North Sea oil and gas fields has been given permission to go ahead. Scottish courts today granted Greenpeace a judicial review after the environmental group challenged the oil companies with the argument that emissions from burning oil and gas extracted from these fields, situated 80 miles north-west of Shetland, were unlawfully ignored during the approval process.
Shell Struggles to Divest Its Stake in German Schwedt Refinery
SHEL's planned sale of a 37.5% stake in the Schwedt refinery encounters challenges owing to certain pending lawsuits by third parties.
Shell starts the process of restoring production at its Stones platform in Gulf of Mexico
Shell on Tuesday said it started the process of restoring production at its Stones platform while production at Appomattox continues to be curtailed.
Shell buybacks more secure than BP if oil price weakens, suggests US bank
Shell PLC (LSE:SHEL, NYSE:SHEL) looks a more resilient bet than BP PLC (LSE:BP.) if the crude price remains at around US$70 a barrel, suggests US bank JP Morgan.
Shell to shut production at two oil facilities in Gulf of Mexico
Shell said on Sunday that it would shut production at its Stones and Appomattox facilities in the Gulf of Mexico as a precautionary measure in response to a tropical disturbance.
