Shell plc (SHEL) has announced that it is scrapping its solar and onshore wind projects in Brazil. Its decision to discontinue these projects was likely influenced by a challenging environment for investments in renewable power projects in Brazil.The challenges in Brazil’s renewable power market are driven by several factors, including an oversupply of energy, which dampens the value of new projects coming online, along with a sluggish demand and regulatory hurdles involved in the process. Shell has also me ...

Core Viewpoint - Elliott Investment Management has taken a significant short position against Shell, indicating a bearish outlook on the company's stock performance [1][2]. Group 1: Investment Position - Elliott has amassed a short position worth £850 million ($1.1 billion) against Shell, representing 0.5% of the company's stock [2]. - This short position is considered the largest disclosed against Shell in nearly a decade [2]. Group 2: Market Reaction - Following the news, Shell's shares traded 0.5% lower, although the stock is up approximately 13.6% year-to-date [3]. - Earlier in the month, Elliott also took a short position of around €670 million ($722 million) in TotalEnergies, indicating a broader strategy in the energy sector [3].

Shell plc (SHEL) , the British oil and gas supermajor, has awarded a multi-year operations and maintenance contract to the Japanese shipbuilding company, MODEC, to work on its Gato do Mato project in Brazil. Shell’s Brazilian subsidiary, Shell do Brasil, recently made a final investment decision on the Gato do Mato project, which is a deepwater development located in the Santos Basin offshore Brazil.MODEC has been tasked with an operations and maintenance assignment for a floating production, storage, and o ...

Core Viewpoint - Shell plc's stock performance has been stagnant, with a minor correction of 4.8% observed in 2024, but expectations for improvement are set for 2025 [1]. Group 1 - The article discusses the previous stock performance of Shell plc, indicating a lack of movement in its price over the past six months [1]. - The author, Manika, has extensive experience in investment management and focuses on opportunities in the green economy through her investing group, Green Growth Giants [1].

Dublin, March 27, 2025 (GLOBE NEWSWIRE) -- The "Chitin Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering.The global chitin market is estimated at USD 100 to 150 million in 2025, with a CAGR of 5% to 6% from 2025 to 2030, fueled by diverse industry demand. Key drivers include rising agricultural biostimulant use, clean beauty demand, and advancements in chitin extraction.Regional Analysis ...

Core Viewpoint - Shell plc has entered into a multi-year Enterprise Framework Agreement with McDermott to enhance its global operations, focusing on innovation and efficiency in project execution [1][3]. Group 1: Agreement Details - The agreement spans three years with two optional one-year extensions and encompasses a wide range of services including Low Carbon Solutions, Offshore Middle East, and Subsea and Floating Facilities [2][3]. - McDermott will leverage its global engineering centers to assist Shell in developing feasibility studies and front-end engineering solutions, aiming to support Shell's diverse project portfolio [3]. Group 2: Partnership Background - Shell and McDermott have a long-standing relationship, having successfully collaborated on various deepwater projects in regions such as the US Gulf of Mexico and Malaysia [4]. - A notable recent project is the Whale deepwater development, where McDermott fulfilled its engineering, procurement, construction, installation, and commissioning commitments [4]. Group 3: Recent Developments - Shell has recently approved a Final Investment Decision for the Gato do Mato project in Brazil, indicating its ongoing commitment to the oil and gas sector in the region [5]. - The Enterprise Framework Agreement was announced shortly after Shell awarded a multi-year operations and maintenance contract to MODEC for a floating production, storage, and offloading vessel related to the Gato do Mato project [5].

Core Insights - Shell is recognized as a global energy giant with a highly integrated business model that spans exploration, production, processing, logistics, and marketing of hydrocarbons [1] Company Overview - Shell operates across multiple continents and has developed a complex business model that includes various aspects of the energy sector [1] Professional Background - The article highlights the author's extensive experience in private banking, corporate finance, and strategic advisory, particularly in the Middle East and emerging markets [1] Investment Approach - The focus is on providing well-researched insights into various industries and asset classes, including high-growth technology equities and undervalued blue-chip stocks [1]

Company Performance - Shell's stock closed at $73.03, reflecting a +1.39% increase from the previous day, outperforming the S&P 500's loss of 1.12% [1] - Over the past month, Shell's stock has risen by 7.67%, surpassing the Oils-Energy sector's gain of 3.39% and the S&P 500's decline of 2.91% [1] Financial Projections - Shell's upcoming earnings per share (EPS) are projected to be $1.79, indicating a 24.79% decrease from the same quarter last year [2] - The consensus estimate anticipates revenue of $79.93 billion, reflecting a 7% increase from the same quarter last year [2] - For the full year, earnings are projected at $7.36 per share and revenue at $305.47 billion, showing changes of -2.13% and +5.69% respectively from the previous year [3] Analyst Sentiment - Recent shifts in analyst projections for Shell are important to monitor, as positive revisions indicate optimism regarding the company's business and profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Shell at 3 (Hold), with a consensus EPS projection that has decreased by 3.62% in the past 30 days [6] Valuation Metrics - Shell has a Forward P/E ratio of 9.78, which is higher than the industry average of 8.36, suggesting that Shell is trading at a premium [7] - The company holds a PEG ratio of 1.17, compared to the industry average PEG ratio of 1.19 [8] Industry Context - The Oil and Gas - Integrated - International industry, which includes Shell, has a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [9]

Core Insights - TechnipFMC plc (FTI) has secured an integrated Engineering, Procurement, Construction and Installation (iEPCI) contract from Shell plc for the Gato do Mato greenfield development project offshore Brazil, valued at over $1 billion, marking a significant milestone in their collaboration [1][4][11] Group 1: Project Overview - The Gato do Mato project is located in Brazil's deepwater Campos Basin and aims to enhance production in a prolific oil-producing region [2] - FTI will be responsible for the complete integrated execution of the development, utilizing advanced subsea technologies and experience, including Subsea 2.0 configure-to-order (CTO) production systems [2][3] Group 2: Technological Innovation - Subsea 2.0 technology enhances flexibility and efficiency of subsea infrastructure, driving down costs and accelerating project delivery [3] - FTI's implementation of CTO systems allows for customization of subsea production equipment, improving overall project performance and reliability [3][7] Group 3: Partnership Strength - The contract reflects the strong partnership between FTI and Shell, which has lasted over three decades, emphasizing their successful collaboration and delivery record [4][11] - FTI's ability to integrate innovative solutions is crucial for the timely execution of complex offshore projects like Gato do Mato [4][10] Group 4: Project Execution and Efficiency - The iEPCI model is designed to optimize project delivery, streamlining processes to reduce the timeline from conception to production [5][6] - FTI's commitment to excellence in project management and the use of Subsea 2.0 technology positions the Gato do Mato field for a swift ramp-up to full production [5][6] Group 5: Industry Impact - The Gato do Mato development will contribute to increasing production from Brazil's offshore sector, reinforcing the country's position as a leading oil producer globally [9][10] - FTI's ongoing commitment to technological innovation and efficiency positions it as a trusted partner for major energy companies in Brazil [10][11]

Core Points - Shell plc filed its 2024 Form 20-F with the US Securities and Exchange Commission on March 25, 2025 [1] - The 2024 Annual Report and Accounts were also published on the same date [1] - The 2024 Annual Report and Accounts can be accessed online or downloaded in PDF format [2] Additional Information - Printed copies of the 2024 Form 20-F will be available starting April 17, 2025, and can be requested for free [2] - Contact information for Shell Media Relations is provided for further inquiries [3] - The LEI number of Shell plc is 21380068P1DRHMJ8KU70 [3]