The following is an update to the fourth quarter 2024 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2024 results and are subject to finalisation of those results, which are scheduled to be published on January 30, 2025. Unless otherwise indicated, all outlook statements exclude identified items. See appendix for the definition of the non-GAAP measure used and the most comparable GAAP measure.      Integrated Gas ...

Incident Overview - Shell temporarily halted operations at its oil processing unit in Pulau Bukom, Singapore, due to a suspected leak [14] - A few tonnes of refined oil products leaked along with cooling water discharge during the standard cooling process [1] - The company notified the Maritime and Port Authority of Singapore (MPA) and the National Environment Agency (NEA) about the incident [14] Environmental and Operational Impact - Maritime traffic and bunkering operations at the Port of Singapore remain unaffected [2] - Shell deployed boats, absorbent booms, and dispersants to contain and clean up the oil sheens near the facility [17] - The leak does not pose a significant environmental threat, and the company is investigating the cause to prevent future incidents [19] Shell's Strategic Divestment - Shell announced the sale of its interest in the Singapore Energy and Chemicals Park to CAPGC, a joint venture of Chandra Asri Capital and Glencore Asian Holdings [3] - This move aligns with Shell's broader portfolio realignment to focus on core operations and future growth areas [3] - The divestment signals a significant shift in Shell's regional strategy, particularly in Singapore [15] Glencore's Growing Influence - Glencore is expected to play an increasingly active role in the physical oil market following the acquisition [4] - The company has begun procuring Middle Eastern crude for use at the Pulau Bukom refinery [4] - Glencore's expanded role in the refining sector will likely impact global oil trading dynamics [18] Industry Insights - TechnipFMC, valued at $12.35 billion, has seen its shares rise 44.1% in the past year [6] - Oceaneering International, valued at $2.55 billion, has experienced an 18.4% increase in its shares over the past year [16] - Ovintiv, valued at $10.07 billion, currently pays an annual dividend of $1.2 per share, or 3.1% [13]

Acquisition Overview - Touchstone Exploration is acquiring Shell Trinidad Central Block Ltd. for $23 million in cash from BG Overseas Holdings, aligning with its natural gas projects and providing access to global LNG prices [1] - The acquisition includes four wells in the Carapal Ridge, Baraka, and Baraka East natural gas pools, producing natural gas and natural gas liquids [2] Production and Infrastructure - Current production levels from the Central Block are 18 MMcf/d of natural gas and 200 bbls/d of natural gas liquids, equating to approximately 3,200 barrels of oil equivalent per day [3] - The block includes an 80 MMcf/d gas processing facility and a pipeline network, with plans for optimization, infill drilling, and exploration to maximize output [3] - The acquisition will increase Touchstone's net production by 2,080 boepd and enhance cash flow prospects [3] Ownership and Contracts - Post-acquisition, Touchstone will hold a 65% working interest in the Central Block exploration and production license, with Heritage Petroleum Company Ltd. retaining the remaining 35% [4] - The agreement includes three key gas marketing contracts, allowing Touchstone to leverage both local and global gas prices [5] Future Plans and Approvals - The acquisition is set to be effective from January 1, 2025, and is expected to close by the second quarter of 2025, pending necessary regulatory approvals [11] - Touchstone is in discussions with banks to secure financing for the acquisition [11] Strategic Impact - The acquisition will enhance processing capacity in the Herrera fairway and support the expansion of natural gas exports while strengthening local market supply [9]

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Shell plc (NYSE: SHEL ), more popularly known as Royal Dutch Shell, is one of the largest integrated oil companies in the world, with a market capitalizat ...

Shell plc (SHEL) has teamed up with Argentina’s state-owned oil and gas company, YPF Sociedad Anónima (YPF) , for a $50 billion transformative deal to develop the first phase of the Argentina LNG export project. Shell's proficiency in LNG (liquefied natural gas) aligns efficiently with the project’s objective to produce 10 million tons of natural gas annually. This project is considered a big one for Argentina because the country looks forward to cashing in on the vast reserves of the highly lucrative Vaca ...

Shell plc’s (SHEL) subsidiary, Shell Nigeria Exploration and Production Company (SNEPCo), announces a significant final investment decision (FID) in Bonga North, a deep-water project off the coast of Nigeria. The project is a subsea tie-back to an existing Bonga Floating Production Storage and Offloading (FPSO) facility, which is operated by SHEL.An Insight Into SHEL’s Bonga North ProjectBonga is a deep-water development located at water depths of more than 1,000 meters. The original Bonga FPSO has been in ...

Shell plc’s(SHEL) subsidiary, Shell Offshore Inc., has awarded the commissioning and construction management contract for the semi-submersible Sparta project to oilfield service provider GATE Energy. The Sparta project, the London-based super-major’s 15th deep-water host in the Gulf of Mexico, is being built following the successful legacy of the four-column semi-submersible host in the Vito and Whale facilities.An Insight Into SHEL’s Sparta ProjectSparta, a deep-water development project in the U.S. Gulf o ...

Shell plc Outcome of audit tender process December 12, 2024 Shell plc (the Company) announces that, following the conclusion of a competitive audit tender process led by the Audit and Risk Committee, the Board has approved the proposed re-appointment of Ernst & Young LLP (EY) as its external auditor to take effect from, and including, the financial year ending 31 December 2026. The re-appointment is subject to shareholder approval at the Company’s 2026 Annual General Meeting. As a UK public interest entit ...

Shell plc’s (SHEL) U.K. subsidiary, Shell U.K. Limited, recently announced that it reached a settlement with Greenpeace UK Limited over the illegal boarding of its newly built Penguins floating production, storage and offloading (FPSO) vessel in the Atlantic Ocean in early 2023. In the said incident, the protestors scaled a 72,000-metric-ton moving vessel, occupying it for 13 days. The company later filed a suit against the unlawful boarding, citing that the actions undertaken by Greenpeace were unlawful, u ...

Group 1 - Shell and Equinor announced plans to combine their British offshore oil and gas assets [1] - The new entity will be a jointly owned energy company [1] - The announcement highlights ongoing consolidation trends in the energy sector [1]