In the latest trading session, Shell (SHEL) closed at $71.1, marking a -1.66% move from the previous day.
SHEL wins approval to drill off South Africa's west coast, eyeing energy security for the country, despite legal and environmental hurdles.
Shell has been granted environmental authorisation to drill up to five deep-water wells off South Africa's west coast, the company said on Friday.
SHEL and BP partner with Libya's NOC to explore and develop hydrocarbon potential across three key oilfields, marking a return to the energy-rich nation.
The latest trading day saw Shell (SHEL) settling at $71.26, representing a +2.06% change from its previous close.
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.
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 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.
In the closing of the recent trading day, Shell (SHEL) stood at $72.28, denoting a +1.53% move from the preceding trading day.
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 Europe's gas security as Ormen Lange's subsea tech raises recovery rate to 85%, adding up to 50 BCM of supply.
The latest trading day saw Shell (SHEL) settling at $70.99, representing a +2.23% change from its previous close.