Key Takeaways Kazakhstan ordered Eni and partners to stop work on the Karachaganak gas plant project. Costs have risen to $6 billion, and the project's completion delayed from 2028 to 2030. E and Shell sought $1B in state support; the state may now develop the plant independently.Eni SpA (E) and Shell plc (SHEL) have received orders from Kazakhstan government to terminate their plans for the construction of a gas processing plant at the Karachaganak gas and condensate development. Authorities in Kazakhsta ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Shell (SHEL) .Shell currently has an average brokerage recommendation (ABR ...

Shell plc (SHEL) , the British oil and gas giant, has entered into an agreement with TotalEnergies SE (TTE) , the French energy major, for the purchase of the latter’s non-operating interest in the Bonga field in Nigeria. The Bonga field is located within the OLM118 production sharing contract (PSC) offshore Nigeria, around 120 kilometers to the south of the Niger Delta.OLM118 Production Sharing ContractShell Nigeria Exploration and Production Company (“SNEPCo”), a subsidiary of the British energy giant, ha ...

Shell Mobility, a division of British multinational oil and gas company Shell plc (SHEL) , has announced its exit from the fuel retail market of Mexico, transferring operations to Iconn, the country’s conglomerate that owns 7-Eleven and Petro Seven. This strategic divestment includes more than 200 fuel service stations, convenience stores and fuel import infrastructure, positioning Iconn as a dominant force in Mexico’s energy and convenience retail space. The acquisition, which remains pending regulatory ap ...

Shell plc’s (SHEL) Indonesian affiliate has taken a bold step in reshaping its business strategy by divesting fuel retail operations to a joint venture between Citadel Pacific Limited and Sefas Group. This transaction includes the transfer of around 200 gas stations and a fuel storage terminal located in Gresik, with completion expected by next year.Despite this move, Shell remains firmly rooted in Indonesia. The company emphasized that it will continue to operate under brand licensing agreements, maintaini ...

Group 1: LNG Market Dynamics - Shell predicts that traditional LNG exporters like Indonesia, Malaysia, and Algeria may soon become net importers due to rising domestic demand and falling production [1] - The role reversal of these countries could add up to 50 million metric tons of new LNG demand by 2040, following Egypt's recent transition to a net LNG importer [2] - Shell maintains a measured outlook on potential LNG oversupply, citing delays in project rollouts due to COVID-19, supply-chain bottlenecks, and labor shortages [3] Group 2: Demand Growth in Asia - Asia is projected to be the key demand center for LNG, with Shell forecasting a 60% increase in global LNG demand by 2040 driven by economic expansion and decarbonization efforts [4] - The rising demand in Asia is sensitive to pricing, as evidenced by a resurgence in purchases when spot prices dropped below $10 per million British Thermal Units [5] Group 3: Company Overview - Shell is recognized as one of the primary oil supermajors with a global operational footprint [6] - The company currently holds a Zacks Rank of 5 (Strong Sell) [6] Group 4: Alternative Investment Opportunities - Investors may consider better-ranked stocks in the energy sector, such as Flotek Industries (Zacks Rank 1), Global Partners (Zacks Rank 1), and RPC (Zacks Rank 2) [7] - Flotek Industries is expected to see a 55.88% year-over-year growth in 2025 earnings [8] - Global Partners is projected to achieve a 17.84% year-over-year growth in 2025 earnings [9] - RPC is estimated to have a 33.33% growth in earnings for the next quarter [10]

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 ...