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Shell

Shell Unveils Targets and Strategic Shift towards Lower Emissions

Shell has released its inaugural energy transition update since the initiation of its Powering Progress strategy in 2021, spotlighting a concerted effort towards emissions...

Shell Initiates Sale of a Quarter of its Solar Business in US

Shell has initiated the sale of approximately a quarter of its US-based solar business, Savion, Reuters news report said. The move to sell a part...

Shell Reports $28 bn Annual Profit Thanks to LNG Trading

Shell, a leading energy company, has revealed an annual profit of $28 billion, fueled by strong liquefied natural gas (LNG) trading. Despite a 30 percent...

Shell Transforms Wesseling Site to Meet Growing Lubricant Demand

Shell Deutschland has announced its decision to repurpose the hydrocracker at the Wesseling site, located in the Energy and Chemicals Park Rheinland, into a...

Shell Inks $1.3 bn Deal to Sell Nigerian Onshore Subsidiary

Shell has finalized an agreement to sell its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria (SPDC), to Renaissance, a consortium comprising four...

Shell Forecasts Up to $4.5 bn Impairment Charges in Q4, Eyes Sale of Singapore Hub

Shell revealed on Monday its anticipation of impairment charges reaching as high as $4.5 billion for the fourth quarter, primarily tied to the Singapore...

Shell Announces Final Investment Decision for Sparta Deep-Water Development in U.S. Gulf of Mexico

Shell Offshore Inc., a subsidiary of Shell plc, has unveiled the Final Investment Decision (FID) for Sparta, a significant deep-water project located in the...

Shell to Sell Stakes in U.S. Renewable Energy Projects to InfraRed Capital

Shell Wind Energy and Savion Equity, both subsidiaries of Shell plc, have finalized an agreement to divest partial ownership in two prominent U.S.-based renewable...