Browsing Tag
Shell plc
54 posts
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.
Kosmos Energy cuts net debt by $419m as LNG and Jubilee output rise
Kosmos Energy lifted production and cut net debt, but equity issuance, asset sales and expensive refinancing drove part of the improvement.
Northern Lights CCS Project: Norway’s CO₂ storage network expands toward 5Mtpa capacity in 2026
The Northern Lights CCS Project in Norway has moved from demonstration to operation, with Phase 1 storing its first COâ‚‚ in 2025 and Phase 2 expanding the open-access carbon transport and storage network to more than 5 million tonnes per year by 2028.
Shell earnings reach $9.8bn as refining boom funds another $3bn buyback
Shell posted $9.8 billion in adjusted earnings as record refining, higher prices and strong cash flow supported buybacks and expansion.