Shell and Exxon near £394 million deal to sell North Sea gas fields
Shell PLC (LSE:SHEL, NYSE:SHEL) and Exxon Mobil Corp (NYSE:XOM, ETR:XONA)are close to finalising a £394 million deal to sell their jointly-owned gas fields in the southern North Sea to British producer Viaro Energy. This potential sale includes the Clipper and Leman Alpha field clusters.
Nikki Haley writes 'finish them' on IDF shell during Israel visit
Nikki Haley wrote "finish them!" on the side of an IDF artillery shell during a visit to Israel.
Shell Layoffs: What to Know About Shell's Latest Clean Energy Job Cuts
The energy industry may not seem like a fast-moving place, but there's been a tremendous amount of innovation in this sector in recent years. Shell (NYSE: SHEL ) has been among the companies investing heavily in clean energy initiatives as the market moves toward these solutions over the long term.
Shell, Exxon near deal to sell North Sea assets to Viaro, sources say
Shell and Exxon Mobil are nearing an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy, three industry and banking sources said.
Shareholders Divided Over Shell's (SHEL) Climate Plan at AGM
Per its climate strategy, Shell (SHE)) aims for a 15-20% reduction in the net carbon intensity of its energy products by 2030 from the 2016 levels.
BP, Shell and EOG vie for acreage in Trinidad's oil and gas auction
Trinidad and Tobago received six bids from BP , Shell and US shale producer EOG Resources on four blocks to explore for oil and gas as its 2023 shallow water auction closed on Monday.
Shell: Strong Q1 Blows Estimates Out Of The Water
Shell delivered a strong Q1 with adj. earnings beating consensus by 18% as trading desks profited off market disruptions in refined products and operating performance improved. Portfolio high-grading continues with further $2.8B of divestments in non-core, underperforming businesses while management eyes a stake in Galp's 10Bboe Namibia find. Buyback pace to continue to $3.5B/quarter, implying a ~19% uplift to previous estimates and a >10% annual distribution yield for 2024.
Shell (SHEL) Eyes Rising LNG Demand in Emerging Asian Economies
Shell (SHEL) highlights that it is competitively positioned to serve the Asian market and hopes to meet part of the demand surge with its highly reliable Australian LNG assets.
ADNOC, Aramco considering bids for Shell's South Africa assets, Bloomberg News reports
Abu Dhabi National Oil Co and Saudi Aramco are among companies weighing bids for Shell's downstream assets in South Africa, Bloomberg News reported on Friday, citing people familiar with the matter.
Shell or BP moving to US listing 'counterproductive', says analyst
European energy companies considering relocating their primary listing to the bright lights of New York may find it "counterproductive", UBS thinks, though undoubtedly there are some short-term valuation benefits. The US market "carries a lower discount on oil & gas assets, provides more access to capital with fewer ESG constraints", the Swiss bank acknowledged.
Shell or BP moving to US listing 'counterproductive', says analyst
European energy companies considering relocating their primary listing to the bright lights of New York may find it "counterproductive", UBS thinks, though undoubtedly there are some short-term valuation benefits. The US market "carries a lower discount on oil & gas assets, provides more access to capital with fewer ESG constraints", the Swiss bank acknowledged.
AI & Big Data in Energy: 3 Oil & Gas Stocks to Keep an Eye On
Investors are advised to monitor three leading energy stocks, namely Shell (SHEL), BP and Chevron Corporation (CVX), as they are leveraging AI and big data.
