SHEL plans deeper investment in Egypt's gas sector, boosting LNG capacity and exports as the country pushes to become a key regional energy hub.
SHEL reportedly eyes major Venezuela gas expansion, targeting Dragon and nearby fields to boost LNG output via Trinidad and secure a stronger regional energy foothold.
Shell and BP shares are in a strong bull market and are trading at their all-time highs as Donald Trump's war against Iran continues, pushing crude oil and natural gas prices higher. BP and Shell shares have pumped to a record high BP soared to a record high of 607p on Thursday, up by 95% from its lowest level last year.
Shares in BP PLC (LSE:BP.), Shell PLC (LSE:SHEL, NYSE:SHEL) and Centrica PLC (LSE:CNA) were leading the small band of FTSE 100 risers on Thursday, as oil and gas prices rose after Donald Trump said the US "will hit Iran extremely hard" over the next few weeks to bring the war to an end.
Shell (SHEL) reached $92.03 at the closing of the latest trading day, reflecting a -1.04% change compared to its last close.
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Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said.
Shell has warned Australia against introducing a windfall tax on gas exporters, saying such a move would deter investment and undermine energy security as LNG prices surge following disruption to global supplies caused by the Iran war.
SHEL flags a possible Europe energy shortage within weeks as Middle East tensions disrupt supply and lift oil prices above $100 per barrel.
SHEL and EQNR's Adura Energy secures a $3B loan, signaling strong bank confidence and boosting UK North Sea energy growth ambitions.
Shell is concerned that the Iran war could impact long-term confidence in the affordability and security of natural gas supplies, said the company's president of integrated gas, Cedric Cremers.
SHEL halts Pearl GTL output after attacks hit Qatar's key energy hub, raising concerns over global supply disruptions and regional stability.