Exclusive: Shell-led LNG Canada prepares to start Train 2
Shell-led LNG Canada has begun the process of starting up its second 6.5 million tonnes per annum (mtpa) liquefied natural gas processing unit known as Train 2 in Kitimat, British Columbia, a company spokesperson told Reuters on Thursday.
Shell starts production from Victory gas field in North Sea
Shell has started production from its Victory gas field in the North Sea, which at peak production can heat almost 900,000 homes per year, it said on Tuesday.
Malaysian court orders Shell MDS to pay overdue gas payments to Petronas
The Malaysian Court of Appeal has overturned a High Court injunction that allowed Shell MDS (Malaysia) to halt its monthly gas payments to national energy firm Petronas from August 2024, local media reported on Monday.
Shell Signs Long-Term U.S. LNG Supply Deal With Italian Firm Edison
SHEL inks a 15-year deal to supply U.S. LNG to Edison from 2028, strengthening the Italian firm's portfolio and supply-chain flexibility.
Shell Discards Biofuels Project in Rotterdam Amid Market Headwinds
SHEL scraps its Rotterdam biofuels project, citing weak market conditions and a shift back to traditional fossil fuels.
Shell Shelves Rotterdam Biofuels Plant, Prioritizes Competitive Edge
SHEL cancels the plan for its Rotterdam biofuels plant, citing weak competitiveness, while continuing to invest in low-carbon energy solutions.
Shell: The Refocusing Effort Continues
Shell plc is refocusing on profitability by streamlining operations and abandoning underperforming projects, notably the Rotterdam biofuels plant. Impairment charges are largely write-offs of past investments. This is about sunk costs as defined by the accounting world. Shell's financial position remains solid with manageable net debt and a healthy cash balance.
Shell: More Upstream, Profitable Downstream
Shell's strategy focuses on cost reductions, increased shareholder returns, and maintaining strong upstream and downstream operations to ensure stability in a volatile energy market. Management is prioritizing flexibility and cash flow resilience, favoring buybacks over dividends to support the stock and maintain financial strength through market cycles. Shell's scenario planning suggests fossil fuel demand will remain steady for decades, allowing the company to wait for clearer signals before making major renewable investments.
Shell Strengthens Bonga Project With Temis Flotel Partnership
SHEL deepens its commitment to Nigeria's energy sector as the Temis Flotel joins Bonga's maintenance drive, ensuring safe and efficient offshore operations.
Shell Inches Closer to Securing Rahmat Gas Field Rights in Egypt
SHEL is close to securing development rights for Egypt's offshore Rahmat gas field, boosting its Eastern Mediterranean presence with major deepwater energy resources.
Shell Falls Short in LNG Arbitration Against Venture Global
SHEL loses a key arbitration against Venture Global over LNG supply disputes, raising concerns about trust in long-term energy contracts.
Shell: A Diversified Portfolio With Strong Earnings
Shell's diversified LNG and renewables portfolio supports resilience and growth, even as oil prices fluctuate and acquisition rumors subside. Strong Q2 results, robust free cash flow, and manageable debt enable continued high shareholder yields through dividends and buybacks. Major LNG projects like LNG Canada and global expansions position Shell for 4.5% annualized LNG growth and reduced geopolitical risk.
