SHEL's onshore oil market divestment gets stalled by the Nigerian oil regulator as the Renaissance Group is deemed unqualified to manage the assets.
Major energy company Shell and Singapore's Maritime and Port Authority deployed clean-up measures after a leak from a land-based pipeline, they said on Sunday.
In the latest trading session, Shell (SHEL) closed at $66.64, marking a +0.85% move from the previous day.
PBR signs contracts for offshore blocks in Brazil along with Shell and CNOOC, solidifying its diversification plan and boosting energy reserves for the future.
Shell PLC (LSE:SHEL, NYSE:SHEL) has reportedly seen proposals to sell its Nigerian business blocked by the country's oil regulator. Local newspaper ThisDay reported on Wednesday that the US$1.3 billion sale had not been approved since buyer Renaissance Group was not qualified to manage the projects.
Nigeria's oil regulator has rejected Shell's proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not qualified to manage the assets, Lagos-based ThisDay newspaper reported on Wednesday.
SHEL and its partners, including NNPC, join hands to supply gas to Brass Fertilizer to start a $3.3 billion project.
Can you afford to wait another year for oil prices to rise? Can you afford not to buy oil stocks before they do?
The UK Court of Appeal rules against SHEL, paving the way for a full trial in the environmental justice case filed by two Nigerian communities.
Former NBCUniversal CEO Jeff Shell is primed to take over as president of Paramount Global after its merger with Skydance Media is complete. Shell developed a reputation at NBCUniversal for having big ideas and what one former coworker described as a "shoot first and aim later" mentality.
Shell on Thursday lost a bid to have U.S. regulators allow it to view nonpublic commissioning documents related to Venture Global LNG's Calcasieu Pass facility, a setback in a broader dispute over access to cargoes from the plant.
SHEL's profit margin in the Refining segment has dropped 30% sequentially, mainly due to a decline in the demand for refined products globally.