shell
British oil giant Shell reported a net profit of $6.3bn (€5.8bn) in the second quarter, surpassing analysts' expectations of $5.9bn (€5.5bn). This performance was driven by strong oil and gas prices, partially offset by lowered refinery margins. The figure represents a 25% growth from the same quarter last year but a sequential decline of 19%. Despite the positive earnings, Shell’s shares erased early gains and finished 0.5% lower on Thursday. Amid the strong results, the company announced a further $3.5bn (€3.2bn) share buyback programme for the next three months. CEO Wael Sawan said: "Shell ...
Euronews (English)
Shell Trinidad and Tobago Ltd, a subsidiary of Shell Plc, announced on Tuesday that it has taken the final investment decision on the Manatee project, an undeveloped gas field in the East Coast Marine Area or ECMA in Trinidad and Tobago. The Manatee gas field will provide backfill for the country's Atlantic Liquefied Natural Gas (LNG) facility. Shell noted that increasing utilization at existing LNG plants is an important lever to maximize potential from its existing assets. Zoe Yujnovich, Shell's Integrated Gas and Upstream Director, said: "This project will help meet the increasing demand fo...
DPA
Shell Trinidad and Tobago Ltd, a subsidiary of Shell Plc, announced on Tuesday that it has taken the final investment decision on the Manatee project, an undeveloped gas field in the East Coast Marine Area or ECMA in Trinidad and Tobago. The Manatee gas field will provide backfill for the country's Atlantic Liquefied Natural Gas (LNG) facility. Shell noted that increasing utilization at existing LNG plants is an important lever to maximize potential from its existing assets. Zoe Yujnovich, Shell's Integrated Gas and Upstream Director, said: "This project will help meet the increasing demand fo...
DPA International
Shell Trinidad and Tobago Ltd, a subsidiary of Shell Plc, announced on Tuesday that it has taken the final investment decision on the Manatee project, an undeveloped gas field in the East Coast Marine Area or ECMA in Trinidad and Tobago. The Manatee gas field will provide backfill for the country's Atlantic Liquefied Natural Gas (LNG) facility. Shell noted that increasing utilization at existing LNG plants is an important lever to maximize potential from its existing assets. Zoe Yujnovich, Shell's Integrated Gas and Upstream Director, said: "This project will help meet the increasing demand fo...
DPA Breaking News
Shell said on Friday it would register an impairment charge of up to $2 billion, meaning it will downgrade the value of its assets. The write-down is linked to events at Shell's Singapore and Rotterdam plants, which have been sources of disappointment for the firm. On Tuesday, the fuel giant said it would be pausing construction at its biofuel site in Rotterdam, a Dutch port city, because of weak demand. As part of a push to finance more sustainable energy projects, Shell began constructing the plant in 2021. Initial forecasts expected the 820,000-ton-a-year site to become operational by 2025,...
Euronews (English)
British oil and gas company Shell Plc revised its second quarter outlook on Thursday. The company expects production in integrated gas to be in the range of 940 thousand barrels of oil equivalent per day (kboe/d)-980 kboe/d for the second quarter. Trading and optimization results are expected to be in line with the second quarter of 2023, but lower compared to the first-quarter of 2024 due to seasonality. Quarterly production in upstream is expected to be in the range of 1,720 kboe/d-1,820 kboe/d.In Marketing, the company expects quarterly sales volumes to be in the range of 2,700 kb/d-3,100 k...
DPA International
British oil and gas company Shell Plc revised its second quarter outlook on Thursday. The company expects production in integrated gas to be in the range of 940 thousand barrels of oil equivalent per day (kboe/d)-980 kboe/d for the second quarter. Trading and optimization results are expected to be in line with the second quarter of 2023, but lower compared to the first-quarter of 2024 due to seasonality. Quarterly production in upstream is expected to be in the range of 1,720 kboe/d-1,820 kboe/d.In Marketing, the company expects quarterly sales volumes to be in the range of 2,700 kb/d-3,100 k...
DPA
British oil and gas company Shell Plc revised its second quarter outlook on Thursday. The company expects production in integrated gas to be in the range of 940 thousand barrels of oil equivalent per day (kboe/d)-980 kboe/d for the second quarter. Trading and optimization results are expected to be in line with the second quarter of 2023, but lower compared to the first-quarter of 2024 due to seasonality. Quarterly production in upstream is expected to be in the range of 1,720 kboe/d-1,820 kboe/d.In Marketing, the company expects quarterly sales volumes to be in the range of 2,700 kb/d-3,100 k...
DPA Breaking News
British oil and gas multinational Shell has temporarily stopped the construction of the biofuel plant at the Shell Energy and Chemicals Park Rotterdam, the company said on Tuesday. Shell aims to address several challenges and ensure the future competitiveness of the plant in light of current market conditions, it said in a statement. Huibert Vigeveno, Director Downstream, Renewables and Energy Solutions at Shell, said: "Pausing construction now will give us the time to assess the most commercial path forward for the project."
DPA International
British oil and gas multinational Shell has temporarily stopped the construction of the biofuel plant at the Shell Energy and Chemicals Park Rotterdam, the company said on Tuesday. Shell aims to address several challenges and ensure the future competitiveness of the plant in light of current market conditions, it said in a statement. Huibert Vigeveno, Director Downstream, Renewables and Energy Solutions at Shell, said: "Pausing construction now will give us the time to assess the most commercial path forward for the project."
DPA
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