Browsing Tag
Shell plc
57 posts
Shell strengthens shareholder returns with $5bn buyback and robust third-quarter cash generation
Shell launches a $5 billion share buyback after reporting $10.8 billion in adjusted earnings and $16.3 billion in quarterly free cash flow.
Shell takes 30% of Bay du Nord as Equinor advances C$14bn oil project
Shell plc has agreed to acquire a 30% non-operated interest in Equinor's Bay du Nord development offshore Newfoundland and Labrador, creating a new partnership for a project carrying an estimated C$14 billion investment requirement and a planned 2031 production start.
LNG Canada doubles to 28 mtpa as Shell commits to two more Kitimat trains
Shell and its LNG Canada partners have taken FID on Phase 2, adding two trains and doubling Kitimat capacity from 14 mtpa to 28 mtpa as Asian LNG demand remains central to the project.
Shell-led LNG Canada could double to 28 mtpa as Phase 2 decision nears
Shell and its LNG Canada partners could make a final investment decision on Phase 2 as early as October, potentially doubling the British Columbia export terminal from 14 million to 28 million tonnes per annum as Asian buyers place greater value on geographically diversified gas supplies.
Shell sells RISEC power plant for $715m and buys Pennsylvania gas generation
Shell is selling its 609 MW RISEC gas plant interests for $715 million while acquiring 169 MW at Hunlock Creek, replacing raw generation scale with a smaller asset positioned inside the PJM power market.
Shell has 12,000 branded US sites, so why does owning 320 more stores matter?
Shell buys the rest of Tri Star Energy, adding 320 US convenience stores and 552 dealer relationships as SHEL pushes deeper into non-fuel retail.
ARC Resources exits TSX after Shell completes one of Canada’s biggest energy deals
Shell has completed its acquisition of ARC Resources at an updated US$16.5 billion enterprise value, immediately adding roughly 370,000 boe/d of Canadian production. About three-quarters of the equity consideration is being paid in Shell shares, while management expects the transaction to become accretive to free cash flow per share from 2027.
Shell (LSE: SHEL) shelves Trinidad Aphrodite gas project despite earlier FID
Shell has paused its Aphrodite offshore gas development in Trinidad after failing to finalise gas-sale terms, removing a planned 2027 source of roughly 100 million cubic feet per day.
Shell plc (LSE: SHEL) blocked from Wild Coast exploration as South Africa faces investment test
South Africa’s Constitutional Court has blocked Shell’s Wild Coast exploration route, raising a broader question over offshore investment, consultation and regulatory certainty.
ONGC turns to Shell for deepwater and LNG opportunities, but when does the MoU become real investment?
Oil and Natural Gas Corporation Limited and Shell Energy India are evaluating joint deepwater exploration, farm-in opportunities and LNG sourcing as India opens more offshore acreage. The strategic fit is clear, but no block, drilling budget, LNG volume or investment commitment has yet been agreed.