Shell plc (SHEL) has achieved a notable legal victory as the U.S. District Court for the Southern District of New York dismissed a $58 million lawsuit filed by Nigerian contractor Forstech Technical Nigeria Limited against The Shell Petroleum Development Company of Nigeria Limited (“SPDC”), now operating as Renaissance Africa Energy Company.Although SHEL has a great operational strength, the rising risks related to macroeconomic conditions, geopolitical scenarios, and regulatory and legal pressure can have ...

Shell plc’s (SHEL) ambitions to lead the global gas and liquefied natural gas (LNG) market have encountered resistance from a significant portion of its shareholders. At its recent annual general meeting (AGM), over 20% of investors backed a resolution calling for greater transparency around the company’s gas-heavy strategy, citing concerns about climate commitments and long-term economic risk.Shell is betting heavily on gas in anticipation of a 60% global increase in demand through 2040, primarily from Asi ...

In the wake of blockbuster energy deals like ExxonMobil’s (XOM) acquisition of Pioneer Natural Resources and Chevron’s (CVX) pending merger with Hess, speculation around Europe’s largest oil company Shell’s (SHEL) interest in acquiring smaller rival BP (BP) has stirred fresh debate. If consummated, a Shell-BP tie-up would reshape the global oil and gas landscape, creating a European supermajor with the scale to rival ExxonMobil and outsize Chevron. However, despite media reports that Shell has been explorin ...

Shell plc (SHEL) is under intensifying legal scrutiny as environmental organization Milieudefensie, the Dutch branch of Friends of the Earth, announces fresh legal action. The NGO, based in Netherlands, claims that by investing in new oil and gas projects despite a previous court decision requiring emissions reductions, the integrated oil and gas company violated its duty of care under Dutch law. This case could escalate tensions between fossil fuel corporations and climate activists pressing for stricter a ...

Shell plc (SHEL) , the British oil and gas giant, mentioned that the firm has been facing setbacks in raising production from the Perdido offshore development in the Gulf of America. The company had initially expected to bring three wells online in April 2025 to boost production. These three wells are part of Perdido's Great White unit, and one was brought online in March 2025.Production Challenges and DelaysHowever, the other two wells are facing delays and are anticipated to come online by the end of this ...

WINTER PARK, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- Integrated Rail & Resources Acquisition Corp. (OTC: IRRX) (“IRRX”) and Shell Trading (US) Company (“Shell”) have entered into a 7-year supply and offtake agreement under which STUSCO will supply crude oil feedstock to, and purchase certain refined products from, a facility to be acquired by IRRX. Once completed, the facility will initially have the capacity to process 15,000 barrels of crude oil per day, producing LPG, Naphtha, Diesel, and Gas Oil. The fac ...

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 (NYSE: SHEL ) is a multinational oil and gas company, one of the largest in the world, with a market cap of almost $200 billion. The company is one ...

Europe's largest oil company, Shell plc (SHEL) , reported first-quarter 2025 earnings per ADS (on a current cost of supplies basis, excluding items — the market's preferred measure) of $1.84, which came in well above the Zacks Consensus Estimate of $1.54 on the back of higher natural gas realizations. Shell's upstream volumes averaged 1,855 thousand oil-equivalent barrels per day (MBOE/d), down a marginal 0.9% from the year-ago period, mainly due to new crude production. Liquids production totaled 1,335 tho ...

Core Viewpoint - Shell plc is exploring a potential acquisition of BP plc, which could be one of the largest mergers in the oil industry, driven by BP's declining market capitalization and strategic missteps [1][2][4]. Group 1: Shell's Interest in BP - Shell is evaluating the strategic and financial feasibility of acquiring BP, with discussions gaining momentum due to BP's nearly 22.4% decline in share value over the past year [2][3]. - Shell's market capitalization is approximately $200.5 billion, more than double BP's $76 billion, indicating a significant performance gap between the two companies [3]. - Shell is preparing for various scenarios, including the possibility of competing bids, allowing it to act swiftly if necessary [3][9]. Group 2: BP's Challenges - BP has faced declining investor confidence and strategic challenges, particularly following a leadership transition that shifted focus from green energy back to oil and gas [4][5]. - The recent drop in Brent crude prices below $70 per barrel has complicated BP's cash flow outlook, leading to increased pressure from activist investors like Elliott Investment Management, which holds a 5% stake in BP [5][4]. - BP's restructuring efforts and weakened valuation may make it more vulnerable to acquisition interest [9]. Group 3: Shell's Strategic Direction - Under CEO Wael Sawan, Shell is undergoing a strategic overhaul, focusing on streamlining operations and prioritizing its core fossil fuel portfolio [6]. - Shell's CEO emphasized that any major acquisition must enhance free cash flow per share and align with long-term financial objectives [7]. - The recent acquisition of Pavilion Energy reflects Shell's strategy of pursuing targeted, high-return investments, which could be further amplified by a potential BP acquisition [8][10].

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...