Shell, Ithaca and Equinor to face Greenpeace judicial review over Rosebank and Jackdaw fields
The legal case against Shell PLC (LSE:SHEL, NYSE:SHEL), Equinor and Ithaca Energy PLC (LSE:ITH) concerning two controversial North Sea oil and gas fields has been given permission to go ahead. Scottish courts today granted Greenpeace a judicial review after the environmental group challenged the oil companies with the argument that emissions from burning oil and gas extracted from these fields, situated 80 miles north-west of Shetland, were unlawfully ignored during the approval process.
Shell Struggles to Divest Its Stake in German Schwedt Refinery
SHEL's planned sale of a 37.5% stake in the Schwedt refinery encounters challenges owing to certain pending lawsuits by third parties.
Shell starts the process of restoring production at its Stones platform in Gulf of Mexico
Shell on Tuesday said it started the process of restoring production at its Stones platform while production at Appomattox continues to be curtailed.
Shell buybacks more secure than BP if oil price weakens, suggests US bank
Shell PLC (LSE:SHEL, NYSE:SHEL) looks a more resilient bet than BP PLC (LSE:BP.) if the crude price remains at around US$70 a barrel, suggests US bank JP Morgan.
Shell to shut production at two oil facilities in Gulf of Mexico
Shell said on Sunday that it would shut production at its Stones and Appomattox facilities in the Gulf of Mexico as a precautionary measure in response to a tropical disturbance.
Shell (SHEL) Rises But Trails Market: What Investors Should Know
Shell (SHEL) concluded the recent trading session at $69.17, signifying a +1.47% move from its prior day's close.
Exclusive: Shell faces delay in German refinery stake sale, sources say
Shell's planned sale of a stake in the Schwedt refinery in Germany is being delayed by pending lawsuits by third parties, two people familiar with the matter said, stalling a divestment the company has waited years for.
Rosneft challenge to Shell's Schwedt stake sale unlikely to succeed, says German court
A complaint by Russian oil firm Rosneft against the planned sale of a stake in Germany's Schwedt refinery by Shell is unlikely to succeed, a German court said on Wednesday, citing a preliminary assessment.
Shell (SHEL) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Shell (SHEL) closed at $67.45, marking a +0.7% move from the previous day.
Nigerian communities seek $310 mln from Shell, want asset sale stopped
Nigerian communities are claiming 505 billion naira ($310 million) in damages from Shell, which they accuse of breaching an existing court order by striking a deal to sell its onshore assets in the Niger Delta, court papers showed on Friday.
Shell now reaping rewards of last year's changes - broker
Shell PLC (LSE:SHEL, NYSE:SHEL) management and strategy changes last year are now bearing fruit, that's according to analysts at Berenberg – which today repeated a ‘buy' recommendation. The European investment bank highlighted Shell's strong cash flow growth, helped by cost discipline.
Shell Plans a 20% Cut in Its Workforce to Focus on Profitability
SHEL's exploration & development and subsurface divisions are expected to undergo restructuring. Its layoff strategy is likely to adversely impact the workforce in Houston.
