Trading houses lure top talent from BP, Shell
Several high-profile energy traders have in recent weeks quit oil majors for trading houses, multiple sources told Reuters on Thursday, as talent follows assets swapping hands and as trading houses ramp up bonuses.
Workers at Shell's Scotford facility in Canada strike new wage deal
Canada's Unifor union on Wednesday said its members at Shell's Scotford refinery in Alberta, Canada, have ratified a new four-year agreement that includes a 16% wage increase.
Here's Why Shell (SHEL) Gained But Lagged the Market Today
In the latest trading session, Shell (SHEL) closed at $72.93, marking a +0.48% move from the previous day.
Shell (SHEL) to Grow LNG Output Capabilities With Manatee FID
Shell's (SHEL) unit announces its final investment decision (FID) on the Manatee project to unlock new gas reserves in Trinidad and Tobago, boosting LNG production and meeting global energy demand.
Shell preferred over BP at JP Morgan
Shell PLC (LSE:SHEL, NYSE:SHEL) is ‘a buy' and BP PLC (LSE:BP.) is ‘a sell', that's according to analysts at JP Morgan, who also see upside to the crude oil price in the near term.
Wood Group lands contract for Shell's Prelude FLNG in WA
John Wood Group PLC (LSE:WG.) has landed a major engineering contract, from Shell, for the Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia.
Shell wants permission to drill off South Africa's west coast
Shell is seeking government permission authorities to drill up to five offshore wells off the west coast of South Africa, a draft scoping report from environmental consultancy SLR showed on Tuesday.
Skydance CEO David Ellison — and scandal-scarred media exec Jeff Shell — signal $2B in cost cuts for Paramount
Ellison -- the son of tech tycoon Larry Ellison whose Hollywood production company is behind “Top Gun: Maverick” and “Mission: Impossible -Dead Reckoning” -- said Monday that he sees over $2 billion in cuts at Paramount, mostly in its linear media operations.
Shell (SHEL) Provides Q2 Guidance: Warns of Up to $2B Hit
Per Shell (SHEL), second-quarter LNG liquefaction volumes are expected to go down around 7.7% sequentially, but marketing sales volumes are scheduled to improve.
Shell Takes $2 Billion Hit Amid Green Energy Setback. It Fears Competition From U.S.
The company is concerned about a possible glut of biofuels made in America after the Inflation Reduction Act.
Shell to take billion-dollar hit from Rotterdam biofuel site
Shell PLC (LSE:SHEL, NYSE:SHEL) is expected to write down up to $1 billion in impairment charges after pausing construction of its 820-000-tonne-per-year biofuels facility in Rotterdam, the Netherlands. Shell announced the on-site pause earlier this week, stating that it would undertake an impairment review of the plant.
Oil giant Shell to take up to a $2 billion impairment hit on Rotterdam, Singapore plants
This comes after Shell on Tuesday announced it would temporarily suspend on-site construction at its 820,000 metric tons a year biofuels facility in Rotterdam amid current market conditions. The company said it now expects the second-quarter performance of trading and optimization in the core gas division to come in line with the same period of last year but below the first quarter of 2024 "due to seasonality.
