Shell CEO confirms deep discussions on selling its US chemical portfolio, potentially valued at $8 billion, as bidders including ExxonMobil express interest. The move follows positive Q3 earnings desp
Shell reported a $5.4 billion increase in shipping lease costs adding to its net debt, while TotalEnergies saw liquid fuel price realization drop by $6 per barrel due to soaring freight rates between
Shell reported higher third-quarter earnings in its chemicals and products segment driven by strong refining margins. Chemical sales volumes rose 4% to 2.37 million tonnes while indicative chemical ma
Shell has agreed to sell its French mobility business, comprising 70 sites and eight LNG installations, to DCC Energy, with completion expected in Q2 2027. The transaction value remains undisclosed as
Shell partially restarted its Pearl gas-to-liquids plant in Qatar to test facilities and build inventory after March damage, with full repairs expected by Q1 next year pending regional security condit
Shell and Chevron are curtailing offshore Gulf of Mexico operations and evacuating personnel as Tropical Storm Isaias approaches, with specific assets like Mars and Olympus being shut in ahead of the
Shell has received the first electrolyzer stacks for its 100-MW Refhyne II green hydrogen plant in Germany, supplied by ITM Power. The facility aims to produce 16,000 metric tons of renewable hydrogen
Wison Clean Energy partners with Shell to integrate Shell's Dual Mixed Refrigerant (DMR) liquefaction technology into its Floating Liquefied Natural Gas (FLNG) solutions. This collaboration makes the
Chevron and Shell signed a preliminary agreement to acquire production rights over Ghana's South Deepwater Tano Cape Three Points block. This investment aims to support Ghana's efforts to reverse decl
Shell is divesting underperforming US chemical assets valued at up to $8 billion, attracting bids from ExxonMobil and LyondellBasell. The production sites supply plastics, detergents, and pharmaceutic
Shell and Hyundai have renewed their global strategic partnership, expanding collaboration into EV charging networks, hydrogen infrastructure, and advanced lubricants to support Hyundai's electrificat
UK stocks rose supported by miners Rio Tinto and Anglo American, while oil majors dipped on Iran sanction fears; Shell attracted bidder interest for its $8 billion U.S. chemical assets.
South Africa's Constitutional Court blocked Shell from renewing an offshore oil exploration right, citing inadequate community consultation. The ruling affects regional energy development plans involv
South Africa's Constitutional Court blocked Shell's offshore oil exploration following environmental challenges, overturning a previous appeal court decision and dampening investor interest in the reg
Shell sells European onshore renewables to TotalEnergies, pivoting strategy toward upstream oil and gas. The transaction covers 500 MW of operational assets and a 3.5 GW project pipeline across key Eu
Shell agreed to sell its BG Cyprus unit to MOL Group for up to $720 million to sharpen its focus on LNG operations. The deal transfers control of the Aphrodite gas field interest to MOL upon completio
Shell's chemicals segment posted $354 million adjusted earnings in Q2 2026, reversing a prior-year loss as global indicative margins surged 63% to $270 per tonne. Volumes rose 5% and utilization hit 8
Shell has initiated tendering for drilling services at its Venezuelan Dragon gas project, targeting Q2 2027 well completion pending final investment approval. The development aims to alleviate Trinida
Shell raised Q2 integrated gas production guidance to 610,000–650,000 boed, though output remains 30% lower than Q1 due to Middle East conflict damage to its Qatar Pearl GTL facility. Its chemicals an
Shell reported strong second-quarter oil and gas trading profits driven by market volatility linked to the Iran war. Gas trading results were notably higher despite crude price fluctuations ahead of u
Shell's 2026 LNG Outlook Report forecasts global demand reaching nearly 700 million tons annually by 2050, a 65% increase from 2025 levels. Long-term growth is primarily driven by Asian markets seekin
Shell faces the Dutch Supreme Court regarding a lawsuit demanding legally enforceable CO2 emission cuts of 45% by 2030. The anticipated 2027 ruling could establish significant precedents for corporate
Shell reported a 115% surge in Q1 profits to $6.9bn amidst soaring energy prices linked to the Iran war, sparking demands for windfall taxes. Production dropped 4% due to regional conflicts despite hi
Shell reported a $100 million net loss in its chemicals segment for Q1 2026 due to persistently weak margins, with sales volumes down 20% year-over-year. The company expects adjusted losses between $6
Apollo, Blackstone, and KKR are competing to acquire a significant stake in Shell's LNG Canada project in a deal potentially worth up to $15 billion. The transaction aims to attract capital ahead of e
Shell Plc. agreed to acquire Canada’s ARC Resources Ltd. for $13.6 billion, signaling confidence in Prime Minister Mark Carney’s pro-hydrocarbon policies. Analysts view the deal as a major endorsement
Sierra Leone granted Shell a permit for advanced geological surveys across 20,600 square kilometers of offshore blocks. The deal aims to de-risk the basin and assess deepwater hydrocarbon potential fo
Shell is in advanced talks with ADNOC to sell its South African retail fuel stations in a deal valued at approximately $1 billion, according to Bloomberg News.
Shell will permit shareholders to vote on a Follow This climate resolution at its AGM, whereas BP excluded the proposal, prompting proxy advisers to recommend votes against BP's board.
Chevron and Shell are set to sign agreements to resume oil and gas operations in Venezuela, covering an offshore gas field, extra heavy crude area, and the Loran gas field respectively.
Shell reduced its first-quarter gas and LNG production forecasts following damage to its Qatar Pearl GTL facility amid the Iran conflict, while expecting higher trading results amidst soaring Brent cr
Shell reported surged oil trading profits in Q1 amid Middle East conflict chaos, though war damage to its Qatar assets reduced integrated gas production. Refining margins rose while oil prices stabili
Shell and METLEN signed an MoU for an LNG supply framework, planning annual trades of 500 million to 1 billion cubic meters from 2027 to 2031. Deliveries target Greek terminals while expanding supply
Shell has declared force majeure on solvent naphtha supplies at its Rotterdam complex due to feedstock issues, while downstream demand remains weak amidst market uncertainty.
Shell reported a $589 million quarterly loss in its chemical division, marking six consecutive quarters of losses due to narrowing profit margins. To address this, the company plans cost-cutting and p
Shell considers plant closures after reporting $1.1 billion in chemical losses over four years, aiming to restructure the business by 2026 amidst prolonged downturn and margin pressures.
SCG Chemicals reported a sales decline and loss in Q4, driven by sequential drops in naphtha, PP, HDPE, and PVC prices.
Shell reported a significant loss in its chemicals business for Q4, marking the sixth consecutive negative quarterly result as margins narrowed by $20 per metric ton.
Shell posted a Q3 adjusted loss of $207 million amid weak margins, expecting chemical plant utilization to fall in Q4 from 80%.
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