Shell plc (SHEL) , the British energy giant, has announced that it has concluded the sale of its Singapore refinery and the associated refining assets to a joint venture (JV) owned by Chandra Asri, a petrochemical firm based in Indonesia, and Swiss multinational firm, Glencore. The sale of the Singapore refinery was announced by Shell in 2024. The transaction included Bukom and Jurong Islands refining assets. These assets began operations back in 1961.Post the closure of the deal, Chandra Asri, which is a m ...

British energy major Shell plc (NYSE: SHEL ) recently held its 2025 capital markets day ("CMD"), both highlighting the progress made since 2023 and the company's further runway in simplifying operations and streamlining. Having delivered around 3x of its peers' shareholder returns for Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expre ...

Energy giant Shell plc (SHEL) , along with its partners TotalEnergies SE (TTE) and Equinor ASA (EQNR) , has made a final investment decision to expand the Northern Lights project to boost Europe's carbon capture and storage (CCS) infrastructure. By 2028, the second phase of the Northern Lights project will increase the CO2 storage capacity from 1.5 million to more than 5 million tons per year, highlighting the efforts made to combat climate change. An Insight Into the Northern Lights Project Northern Lights ...

Definitions & cautionary note This presentation includes certain measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles (GAAP) such as IFRS, including Adjusted Earnings, Adjusted EBITDA, CFFO excluding working capital movements, Cash capital expenditure, free cash flow, Divestment proceeds and Net debt. This information, along with comparable GAAP measures, is useful to investors because it provides a basis for measurin ...

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].