SHEL starts first oil production from Phase 4 of Gumusut-Kakap offshore Malaysia, boosting deepwater exploration and energy output.
SHEL receives environmental approval for its Crux gas project, a vital backfill source for the Prelude FLNG facility, with the first gas set for 2027.
Shell (SHEL) closed the most recent trading day at $66.79, moving +1.18% from the previous trading session.
Shell has begun production at Phase 4 of its Sabah deepwater oil project in Malaysian and Bruneian waters, it said on Friday.
At least eight people were hurt on Thursday after a shell was dropped on a civilian district, damaging houses and a church during live-fire military exercises in Pocheon, South Korea, a fire official said.
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Shell PLC (LSE:SHEL, NYSE:SHEL) said it is overhauling its leadership structure with integrated gas and upstream director Zoë Yujnovich stepping down from its executive committee. She is being replaced on the committee by Cederic Cremers, the newly titled president of the integrated gas division, and Peter Costello, president of the upstream arm.
Shell's Director of Integrated Gas and Upstream, Zoe Yujnovich, will step down at the end of the month after more than a decade with the oil major, it said on Tuesday.
Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.
SHEL expects the global LNG demand to rise by 60% by 2040, primarily due to rising Asian demand.
As Shell and BP merger rumors swirl, industry giants are consolidating to stay competitive. A new wave of oil mergers is changing the future of global energy.
Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell and Trinidad's National Gas Company (NGCTT.UL) to develop a key gas project in Venezuela, four sources close to the preparations said.