SHEL expands its U.S. to Europe LNG strategy with a multi-year MET deal, strengthening customer ties and tapping rising global demand.
SHEL is reshaping its U.S. power portfolio, acquiring 169 MW in PJM while selling RISEC for $715 million to unlock value.
Shell's North American unit said on Thursday it has agreed to sell its interests in RISEC Holdings to Constellation Energy for $715 million, as part of its ongoing portfolio management efforts in the U.S. power market.
Shell share price continued its strong rally, reaching its all-time high as crude oil rally continued, with no end in sight. It jumped to 3,530p, up by nearly 25% from its lowest level in July.
The latest trading day saw Shell (SHEL) settling at $95.32, representing a +2.55% change from its previous close.
SHEL buys stakes in BP-operated deepwater prospects in Brazil and the Gulf of America, expanding exposure to potentially significant discoveries.
Shell's ARC Resources acquisition adds 370 kboe/d of production, expands its Montney footprint, and could boost growth and free cash flow.
Shell Offshore, a subsidiary of British oil and gas major Shell , said on Wednesday it would acquire a 30% stake in the BP-operated Conifer exploration prospect in the Gulf of Mexico.
SHEL's Tri Star deal is set to take its U.S. retail ownership to 100%, adding 320 sites and supply agreements for 552 dealer-owned locations.
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British oil major Shell has ended negotiations to sell its stake in Germany's Russia-linked Schwedt refinery to Polish energy group Unimot , Bloomberg News reported on Thursday, citing people familiar with the matter
The FTSE 100 edged higher on Wednesday as gains in mining shares and lower bond yields helped London absorb a sharp pullback in energy heavyweights following another slide in oil prices. Britain's blue-chip index was up about 0.3% around 10,886 in later morning trade.