Energy and mining stocks climbed on Friday as escalating conflict between Israel and Iran sent crude oil and gold prices sharply higher. BP PLC (LSE:BP.
SHEL plans to add 12 million metric tons of LNG capacity by 2030 from projects in Canada, Qatar, Nigeria and the UAE.
Shell , the world's largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday.
SHEL awards Subsea7 a major subsea contract for its Aphrodite gas field, boosting LNG exports from Trinidad and Tobago.
SHEL approves its Aphrodite gas project located offshore Trinidad, aiming to boost LNG output and secure long-term supply by 2027.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Brent crude rose 1.8% to over $65 a barrel on Monday afternoon after OPEC+ confirmed it would maintain a gradual approach to increasing oil supply. The news also gave a lift to energy stocks, with shares in Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.
Shell expects to drill in 2028 an exploratory well in Brazil's Pelotas Basin, a new oil exploration frontier in Latin America's No.1 economy, an executive said at an event in Rio de Janeiro on Thursday.
SHEL's acquisition of TTEs 12.5% stake in the Bonga field aligns with its strategy of focusing on deepwater and offshore operations in Nigeria.
The stake increases Shell's interest in the deep-water Bonga field to 67.5% from 55%.
SHEL to leave Mexico fuel retail, transferring more than 200 stations and logistics to Iconn, as local firms strengthen their hold on the market.
SHEL divests its fuel retail arm in Indonesia to Citadel & Sefas JV, retaining its lubricant business as part of a strategic portfolio transformation.