Core Viewpoint - Shell is actively pursuing the sale of its stake in the PCK Schwedt oil refinery in Germany, influenced by the complexities arising from Western sanctions on Russia [1] Group 1 - Shell has restarted efforts to divest its interest in the PCK Schwedt oil refinery [1] - The decision to sell is driven by the refinery's entanglement in sanctions related to Russia [1]

Shell's chief of mergers Greg Gut has left the firm after the CEO Wael Sawan and his top lieutenant block an internal proposal to buy rival oil and gas major BP this year, the Financial Times reported on Tuesday. ...

据英国金融时报，因首席执行官否决对英国石油公司(BP)的收购要约，壳牌并购业务主管离职。 本文源自：金融界AI电报 ...

EY is already the subject of six active investigations by the Financial Reporting Council - Deborah MacDonald/Alamy EY is facing fresh regulatory scrutiny after the Financial Reporting Council (FRC) launched an investigation into its audit of Shell’s accounts. The Big Four firm is now the subject of six active investigations by the FRC, including scrutiny of its work for the Post Office, collapsed online furniture retailer Made.com and NMC Health, the former FTSE 100 hospital operator. EY has already p ...

Core Insights - Hedge funds and trading companies are increasingly entering the physical commodities market, seeking new revenue sources despite lacking the decades of experience and information that established firms like Trafigura and Vitol possess [1][2] - The entry of these funds into the physical commodities market allows them to gain information advantages and increase their exposure to global price fluctuations [1][4] Group 1: Market Dynamics - Hedge funds such as Balyasny, Jain Global, and Qube are expanding their operations into the physical commodities market, including natural gas pipeline transportation rights and oil storage leasing [1] - The volatility in natural gas prices in 2022 led to significant profits for top traders, inspiring hedge funds to enter the market [2] - The performance of hedge funds and trading companies has been relatively flat in 2023 compared to 2022 due to narrower price fluctuations in oil and gas commodities [3] Group 2: Strategic Moves - Qube has entered the European physical power market through its affiliate Volta, which has applied to join NEPOOL to assist in setting market rules [2] - Citadel has made several acquisitions to bolster its trading business, including a $1.2 billion purchase of Paloma Natural Gas and the acquisition of FlexPower, which is involved in grid-scale battery project development [2] - Hedge funds are leveraging advanced analytics to predict electricity demand peaks, particularly in the physical power sector, which is seen as a lucrative opportunity [4] Group 3: Risks and Challenges - The business model of physical trading requires hedge funds to take on unknown risks outside their traditional expertise, as evidenced by the collapse of Amaranth in the mid-2000s due to poor investment decisions in commodities [5] - There are concerns that hedge funds may struggle to compete with large commodity trading firms and oil companies that have substantial capital and control over the entire supply chain [5]

Group 1 - The Financial Reporting Council of Britain has initiated an investigation into Ernst & Young's audit of Shell's 2024 financial statements [1]

We recently published 13 Best ADR Stocks to Invest In.  Shell plc (NYSE:SHEL) is one of the best ADR stocks. Shell plc (NYSE:SHEL)’s shares were downgraded by UBS on November 25th on the back of recent strong performance, which left the bank wary of future gains. The price target change covered the firm’s shares that trade on the London Exchange. These shares have gained more than 8% year to date, and UBS cut the target to £30 from an earlier £32. Alongside the target cut, the bank also reduced the rating ...

原告方指出，壳牌约占全球化石燃料产生的温室气体排放量的2%，加剧了台风"雷伊"的破坏性。台 风"雷伊"于2021年12月在菲律宾造成405人死亡，逾1000万人受影响。 据菲律宾"询问者"网站11日报道，来自菲律宾宿务省、保和省等受超级台风"雷伊"重创的103名幸存者 已向英国法院提起民事诉讼，指控英荷壳牌石油公司长期投资化石燃料、加剧气候变化，间接导致该台 风破坏力增强。 报道援引菲律宾人权委员会2022年发布的《气候变化全国调查报告》指出，全球主要化石燃料企业"混 淆、阻挠并拖延"向可再生能源转型的努力，并强调气候变化已影响菲律宾人的生命、食物和水安全 等。 报道还援引菲律宾民间组织的观点指出，壳牌公司自20世纪60年代中期起便知晓其对气候变化的影响， 但仍持续投资化石能源。 报道援引一些幸存者回忆称，他们在台风中"一瞬间"失去家园与生计，数年后仍难以完全恢复。幸存者 代表表示，此次诉讼既是为了寻求赔偿用于重建生活，也是为了下一代避免经历更严重的灾害。 （文章来源：新华网） 报道说，原告方向壳牌索赔，以补偿台风造成的损失。他们认为，根据"污染者付费"原则，应由造成气 候危害的一方承担成本。 据报道，本案在 ...

Group 1 - The global chemical industry is experiencing a structural imbalance leading to a mismatch in supply and demand, resulting in a significant reduction in the number and total value of energy chemical project contracts, with the industry entering a deep adjustment cycle by 2025 [1] - The chemical sector is underperforming despite overall resilience in the global engineering construction industry, with new awarded and announced EPC contracts totaling only $7.65 billion in early 2025, down over 40% from $12.8 billion in 2024, which itself was nearly halved from $24.5 billion in 2023 [2] - Key drivers of the low sentiment in the chemical engineering construction industry include geopolitical conflicts, tariff barriers, slower-than-expected energy transition, and intensified market competition, leading to a "more monks than porridge" competitive landscape [2] Group 2 - WSP Global's chemical business accounted for 24% of its annual sales, while its resource business (including fertilizers and energy transition materials) made up 26%, with energy being the core revenue pillar at 50%. The company reported $12 billion in sales, a 4% year-on-year increase, but its chemical business saw a 14% decline to $3.05 billion [3] - The energy transition sector is facing a project halt, exemplified by Shell's termination of its biofuel plant in Rotterdam due to high construction costs and insufficient market competitiveness, and Fertiglobe's postponement of its low-carbon ammonia project in Abu Dhabi [4][5] - The construction cost pressures are significant, with a projected annual growth rate of 4% to 5% starting in 2025, driven by rising material and labor costs, exacerbated by tariffs on imported steel and geopolitical tensions affecting global supply chains [6][7]

中化新网讯 近日，壳牌与挪威国家石油公司(Equinor)共同组建的合资企业Adura正式成立。新公司将整 合双方在英国北海的12个核心油气资产，成为该区域最大的独立生产商，预计2026年产量将超过每日14 万桶油当量。 成立合资公司旨在通过整合资产提升运营效率、延长油田寿命并保障英国能源供应安全。Adura承接的 资产组合包括Mariner、Rosebank、Buzzard、Shearwater等12个在产油田及开发中的项目，并持有部分勘 探许可证。 有关人士分析指出，Adura的成立标志着北海传统油气资产正通过整合优化迈向专业化运营新阶段，在 能源转型背景下致力于提升现有资产的价值与可持续性。 根据协议，Equinor保留了其跨境油田、海上风电项目以及氢能、碳捕集与储存等新能源资产。壳牌则 保留了其在英国SEGL天然气处理系统、Bacton终端及部分已停产油田的权益。 ...