Canadian Natural and Shell Announce Swap Deal for AOSP Assets
CNQ is all set to strengthen its oil sands portfolio with an asset swap deal with Shell, increasing its AOSP mines stake to 100%.
Shell Canada president departs company
The head of oil multinational Shell's Canadian operations is leaving the company after four years at the helm.
Shell reports oil spill in Nigeria after saver pit overflows
Shell reported an oil spill on Tuesday at Ogale, near Port Harcourt, after a saver pit overflowed during flushing operations in the Niger delta region.
Shell restarts production at Penguins field in UK North Sea
Shell said on Tuesday it has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading (FPSO) facility.
Shell flags emerging markets opportunity ahead of investor day - Citi
Shell PLC's leadership is said to have flagged scope to pursue further growth in emerging markets as US energy firms turn focus towards domestic operations. Chief executive Wael Sawan in a meeting cited “frustration from political leaders” in such countries over issues with accessing financing, according to Citi analysts.
US energy producer Talos set to name Shell's Goodfellow as next CEO, sources say
Talos Energy , a mid-sized U.S. oil producer with operations in the Gulf of Mexico, is poised to name veteran Shell executive Paul Goodfellow as its next CEO, two people familiar with the matter said on Sunday.
Shell Has Room To Continue Shareholder Returns
Shell's strong 2024 performance includes $13.2 billion in CFFO, $7.5 billion in FCF, and a 4% dividend yield, with a new $3.5 billion buyback program. The company targets 30-40% of CFFO for shareholder distributions, expects 6% annualized FCF growth, and continues to reduce costs. Shell plans over $20 billion in capital expenditures, focusing on oil, LNG, gas, and low-carbon investments, driving future FCF growth.
Shell to install Jackdaw gas platform in North Sea despite being blocked from drilling, Sky News understands
Energy giant Shell is due to install a multi-billion pound gas platform in the North Sea this spring despite being blocked from drilling, Sky News understands.
Shell Q4 Earnings Miss on Lower Prices, Still Raises Dividend
SHEL reported cash flow from operations of $13.2 billion in Q4, returned $2.1 billion to its shareholders through dividends and spent $6.5 billion on capital projects.
Shell capital markets day draws focus after reassuring figures - analysts
Shell PLC's upcoming capital markets day is now in full focus after fears of soft trading were largely mitigated with earnings on Thursday, analysts have said. Despite missing on earnings, better underlying cash flow from operations spelled results that were not as bad as fears, RBC analysts said in a note.
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell's write-off
Atlantic Shores, a joint venture between Shell Plc and France's EDF, reiterated its commitment to delivering New Jersey's first offshore wind project on Thursday, despite Shell's recent $1 billion write-off related to the venture.
Shell, Equinor see Rosebank, Jackdaw consent overturned
A Scottish court has revoked permission to exploit the UK's largest untapped oil reserve, Rosebank, and the smaller Jackdaw project. Having been granted under the previous government, a Court of Session hearing saw Equinor and Ithaca Energy's licenses to exploit the Rosebank field overturned.
