BP, Shell return to Libya for hydrocarbon exploration at three locations
Libya's National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and development across three Libyan oilfields.
Shell and BP lead fallers on FTSE after Opec unwinds production cut
Shares in Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) were the main weights dragging on the FTSE 100 on Monday morning, following a guidance downgrade and an Opec meeting over the weekend.
Shell guides to lower oil production in second quarter
Shell PLC (LSE:SHEL, NYSE:SHEL) expects oil production to fall in the second quarter due to scheduled maintenance and the sale of its onshore oil and gas joint venture in Nigeria. Ahead of its second quarter results on July 31, the FTSE 100 oil giant said upstream production is likely to drop to between 1.66 million and 1.76 million barrels of oil equivalent per day, down from 1.86 million in the first quarter.
Why Shell (SHEL) Outpaced the Stock Market Today
In the closing of the recent trading day, Shell (SHEL) stood at $72.28, denoting a +1.53% move from the preceding trading day.
Shell-Led LNG Canada Ships First LNG Cargo to Asia From Kitimat
SHEL-led LNG Canada marks a historic milestone with its first LNG export to Asia, unlocking new markets and energy potential from Canada's Pacific Coast.
Shell Boosts Natural Gas Output at Norway's Ormen Lange Field
Shell boosts Europe's gas security as Ormen Lange's subsea tech raises recovery rate to 85%, adding up to 50 BCM of supply.
Shell (SHEL) Beats Stock Market Upswing: What Investors Need to Know
The latest trading day saw Shell (SHEL) settling at $70.99, representing a +2.23% change from its previous close.
Shell Won't Buy BP, Should You?
Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP's significant discount and strategic shift might be due for reevaluation.
Why Shell's BP bid doesn't stack up
The numbers do not stack up convincingly for a Shell PLC (LSE:SHEL, NYSE:SHEL) takeover of BP PLC (LSE:BP.), according to JP Morgan.
Shell's denial of BP bid talks fails to quiet City speculation
A denial from Shell PLC (LSE:SHEL, NYSE:SHEL) this morning of last night's Wall Street Journal report that the oil giant was holding "early stage" talks to acquire BP, has not stopped the buzz of speculation in the City of London on Thursday morning. After the UK market close on Wednesday, the Wall Street Journal reported that Shell was holding "early stage" talks to acquire BP, with the discussions described as "active" with BP "considering the approach carefully.
Shell says it is not considering buying BP, UK rules ban bid for 6 months
Shell has not bid for BP and is not actively considering such a move, it said on Thursday, adding it was bound by UK regulations which mean such a statement ban it from making a bid for BP for the next six months.
Shell denies that it has held talks with BP
Shell PLC (LSE:SHEL, NYSE:SHEL) has rebuffed a Wall Street Journal report that it has been in talks about potentially buying fellow oil heavyweight BP PLC (LSE:BP.). After the WSJ reported on Wednesday that "early stage talks" had taken place, the FTSE 100 and New York-listed oil group said it has "not been actively considering making an offer for BP".
