Wood Group lands contract for Shell's Prelude FLNG in WA
John Wood Group PLC (LSE:WG.) has landed a major engineering contract, from Shell, for the Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia.
Shell wants permission to drill off South Africa's west coast
Shell is seeking government permission authorities to drill up to five offshore wells off the west coast of South Africa, a draft scoping report from environmental consultancy SLR showed on Tuesday.
Skydance CEO David Ellison — and scandal-scarred media exec Jeff Shell — signal $2B in cost cuts for Paramount
Ellison -- the son of tech tycoon Larry Ellison whose Hollywood production company is behind “Top Gun: Maverick” and “Mission: Impossible -Dead Reckoning” -- said Monday that he sees over $2 billion in cuts at Paramount, mostly in its linear media operations.
Shell (SHEL) Provides Q2 Guidance: Warns of Up to $2B Hit
Per Shell (SHEL), second-quarter LNG liquefaction volumes are expected to go down around 7.7% sequentially, but marketing sales volumes are scheduled to improve.
Shell Takes $2 Billion Hit Amid Green Energy Setback. It Fears Competition From U.S.
The company is concerned about a possible glut of biofuels made in America after the Inflation Reduction Act.
Shell to take billion-dollar hit from Rotterdam biofuel site
Shell PLC (LSE:SHEL, NYSE:SHEL) is expected to write down up to $1 billion in impairment charges after pausing construction of its 820-000-tonne-per-year biofuels facility in Rotterdam, the Netherlands. Shell announced the on-site pause earlier this week, stating that it would undertake an impairment review of the plant.
Oil giant Shell to take up to a $2 billion impairment hit on Rotterdam, Singapore plants
This comes after Shell on Tuesday announced it would temporarily suspend on-site construction at its 820,000 metric tons a year biofuels facility in Rotterdam amid current market conditions. The company said it now expects the second-quarter performance of trading and optimization in the core gas division to come in line with the same period of last year but below the first quarter of 2024 "due to seasonality.
Shell to take up to $2 bln writedown on Singapore and Rotterdam plants
Shell will take an impairment charge of up to $2 billion after the sale of its Singapore refinery and pausing of construction of one of Europe's largest biofuel plants, it said on Friday.
Shell (SHEL) Hits Pause on Major Biofuels Plant in Europe
Shell (SHEL) remains committed to achieving its net-zero emissions target by 2050 despite abandoning several renewable projects to focus on its more profitable ventures, primarily in oil and gas.
Shell cash generation underrated, suggests Canadian bank
Shell PLC (LSE:SHEL, NYSE:SHEL) has been added to Canadian broker RBC's Energy Best Ideas list, reflecting clarity on the message from management, strong operational performance and a discounted valuation. Shell generates significant amounts of cash, notes RBC, supported by its oil leverage and number-one 1 presence in LNG.
Shell halts construction of major biofuels facility in the Netherlands
Shell on Tuesday said it had temporarily halted construction of a major biofuels production facility in the Netherlands, in a bid to ensure it is able to produce competitively in the face of an anticipated flood of sustainable fuels into the market from the U.S.
Shell calls halt on Rotterdam green fuel facility
Shell PLC (LSE:SHEL, NYSE:SHEL) said it has paused on-site construction work at a new 820,000 tonnes a year biofuels facility in Rotterdam to determine the commercial way forward for the project. Contractor numbers will reduce on site and activity will slow down, helping to control costs and optimise project sequencing, said the statement.
