Shell offloads Singapore refinery to Chandra Asri-Glencore joint venture
Shell plc has successfully finalised the sale of its Singapore refinery and associated refining assets to a joint venture formed by Chandra Asri and Glencore, according to a Reuters report. This transaction marks a significant shift in ownership for the refinery and its assets.
Shell completes sale of Singapore refining assets to Chandra Asri-Glencore group
Shell has closed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore joint venture, following its announcement of the deal last year, the company said in a statement on Tuesday.
Shell warns Australia's gas reservation plan could worsen shortages
Shell warned on Tuesday that a proposal in Australia to force more export gas into the domestic market could end up deterring investment and exacerbating shortages.
Shell and Partners to Drive $700M Phase 2 of Northern Lights Project
SHEL, Equinor and TotalEnergies commit $700M to progress phase 2 of the Northern Lights CCS project to boost CO2 storage capacity.
Shell Scales Back Renewables in Brazil, Readjusts Power Portfolio
SHEL withdraws the solar and onshore wind projects in Brazil due to a challenging environment for investments in renewable power projects.
Elliott Takes Short Position Against UK Oil Giant Shell
Activist investor Elliott Investment Management has taken a short position against British oil giant Shell (SHEL), according to data from the U.K. regulator.
Activist investor Elliott takes short position in Shell after building a stake in rival BP
U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program. The move, which was first reported by British newspaper The Times on Thursday, comes shortly after it emerged Paul Singer's hedge fund had taken a near 5% stake in Shell's struggling rival, BP.
Shell scraps solar, onshore wind power projects in Brazil
Shell is discontinuing its solar and onshore wind power generation projects in Brazil, as part of a "portfolio adjustment", the company said on Thursday.
Shell Taps MODEC for Multi-year FPSO Contract Offshore Brazil
SHEL hires MODEC to work on the hull design and all the associated topside facilities for the FPSO, specially designed for the Gato do Mato project located in the Santos Basin, offshore Brazil.
5 Reasons Shell Is On The Up And Up (Rating Upgrade)
Shell's stock has risen 16.6% YTD, outperforming broader market trends despite lacklustre oil prices. Key drivers for the rise include continued share buybacks, sustained dividend payouts, and promising plans to pivot towards relatively cleaner energy sources like LNG. Moreover, its market multiples indicate a 30% upside potential, with Shell's P/E ratios still below five-year averages despite recent price increases.
Shell Selects McDermott for Enterprise Framework Agreement
SHEL partners with McDermott to drive engineering innovation, enhance procurement efficiency and accelerate low-carbon solutions worldwide.
Shell: Flexibility, Resilience, And Growth Potential In The New Energy Reality
Shell's integrated business model spans exploration, production, processing, and marketing, ensuring profitability at each stage and positioning it well for future growth. I assign a "Buy" rating to Shell shares with a target price of $78, reflecting a 16% growth potential from the current price. Despite challenges like energy transition and geopolitical risks, Shell's leadership in LNG and investments in low-carbon energy offer strong growth drivers.
