HOUSTON, Nov. 5, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software, successfully completed its initial 2024 Gulf of Mexico (GOM) survey scope for Shell Exploration and Production Inc ("Shell"), a subsidiary of Shell plc (NYSE: SHEL), an international energy company based in the United Kingdom. The successful completion of this work combined with the submission of a final report completes the initial 2024 scope for the service contract ...

Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The "Greece Data Center Colocation Market - Supply & Demand Analysis 2024-2029" report has been added to ResearchAndMarkets.com's offering. The Greece Data Center Colocation Market was valued at USD 56 Billion in 2023, and is expected to reach USD 125 Billion by 2029, rising at a CAGR of 14.32%. The region has around 15 active colocation data centers, with a rising number of facilities. As an emerging market in Western Europe, Greece is seeing substantial growth in ...

Financial Data and Key Metrics Changes - The company reported strong cash flow growth in Q3 2024, outperforming peers in a declining commodity environment [4][8] - Free cash flow for Q4 is expected to be impacted by the Pearl GTL turnaround and normal tax phasing, but management remains confident in the company's resilience [9][24] Business Line Data and Key Metrics Changes - The integrated gas business saw increased feed gas from Nigeria, contributing to better-than-expected results [67] - Upstream production increased due to efficient maintenance practices and recovery from hurricane impacts, leading to higher output [68][69] Market Data and Key Metrics Changes - The LNG market is experiencing less seasonality, with volatility dampened compared to previous years, which is expected to continue [21][23] - European gas demand remains soft, but new buyers like Brazil and Egypt are emerging, indicating a shift in market dynamics [49] Company Strategy and Development Direction - The company is focused on maintaining its competitive strengths in LNG and low-carbon oil, emphasizing the critical role of oil and gas in the energy transition [6][7] - Capital allocation is being prioritized towards high-return projects, with a commitment to free cash flow per share growth [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the energy transition, highlighting the need for multiple energy forms amid geopolitical uncertainties [5][6] - The company is committed to reducing emissions significantly, with ambitious targets for Scope 1, 2, and 3 emissions [25] Other Important Information - The company has divested Shell Pakistan and is focusing on high-grading its portfolio [2] - The court ruling on the appeal regarding Scope 3 emissions is expected on November 12, with management confident in their case [24] Q&A Session Summary Question: Clarification on Shell's strengths in energy transition - Management emphasized that oil and gas will play a critical role in the energy transition, with a focus on LNG and low-carbon oil [5][6] Question: Expectations for cash flow in Q4 - Management acknowledged typical Q4 challenges but expressed confidence in operational resilience and cost management [8][9] Question: Capital budget drivers and future CapEx outlook - Management highlighted successful cost reductions and indicated that organic spend is expected to remain below $22 billion [11][17] Question: Update on Scope 3 emissions appeal - Management stated that the judgment is due on November 12 and expressed confidence in their position [24] Question: Insights on LNG market dynamics - Management noted less seasonality in LNG and highlighted new demand from countries like Brazil and Egypt [21][49] Question: Performance of trading operations - Management reported stable trading performance despite lower volatility, with integrated gas trading remaining strong [37][38] Question: Cost optimization strategies - Management discussed ongoing cultural changes and efficiency improvements as part of a multi-year transformation [39][40] Question: Future exploration opportunities in Namibia - Management is cautiously optimistic about resource potential in Namibia but is focused on ensuring commercial viability before further investment [43][44] Question: Dividend policy and shareholder returns - Management reiterated a focus on value distribution, with a preference for buybacks given the current undervaluation of shares [62][63]

Shell PLC SHEL shares are trading relatively flat on Friday.Yesterday, the company reported revenue of $71.09 billion, beating the consensus of $61.34 billion. Total production at Integrated Gas fell 4% quarter over quarter (Q/Q) to 941 kboe/d, and Upstream rose 2% Q/Q at 1,811 kboe/d. RBC Capital Markets analyst Biraj Borkhataria reiterated the Outperform rating on Shell, with a price forecast of 3,500 pence.The analyst highlighted that the earnings beat was notable for being broad-based rather than relian ...

I analyze oil and gas companies like Shell and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here for a ...

Shell plc (SHEL) enters an accord to acquire RISEC Holdings, LLC, through its subsidiary Shell Energy North America (“SENA”). Per the agreement, SENA will acquire a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, United States, which will help the company secure a long-term energy supply for Shell in the deregulated New England power market. SENA, already a recognized player in this market with an energy conversion agreement with RISEC since 2019, will further strengthen i ...

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected third-quarter profit, partly owing to a sharp drop in crude prices and to lower refining margins. The energy company reported adjusted earnings of $6 billion for the July-September period, beating analyst expectations of $5.3 billion, according to estimates compiled by LSEG. Shell posted adjusted earnings of $6.3 billion in the second quar ...

SHELL PLC 2025 INTERIM DIVIDEND TIMETABLE London, October 31, 2024 The Board of Shell plc today announced the intended timetable for the 2025 quarterly interim dividends. 2025 Interim Dividend Timetable | --- | --- | --- | --- | --- | |--------------------------------------------------------|-------------------|------------------|--------------------|-------------------| | Event | 4th Quarter 2024 | 1st Quarter 2025 | 2nd Quarter 2025 | 3rd Quarter 2025 | | Announcement date | January 30, 2025 | May 2, 2025 ...

Shell plc Third Quarter 2024 Interim Dividend London, October 31, 2024 − The Board of Shell plc (the "Company") (XLON: SHEL, XNYS: SHEL, XAMS: SHELL) today announced an interim dividend in respect of the third quarter of 2024 of US$ 0.344 per ordinary share. Details relating to the third quarter 2024 interim dividend Per ordinary share (GB00BP6MXD84) Q3 2024 Shell Shares (US$) 0.344 Shareholders will be able to elect to receive their dividends in US dollars, euros or pounds sterling. Absent any valid electi ...

London, October 31, 2024 "Shell delivered another set of strong results. We continue to deliver more value with less emissions, whilst enhancing the resilience of our balance sheet. Today, we announce another $3.5 billion buyback programme for the next three months, making this the 12th consecutive quarter in which we have announced $3 billion or more in buybacks." Shell plc Chief Executive Officer, Wael Sawan   STRONG RESULTS, CONSISTENT DISTRIBUTIONS Q3 2024 Adjusted Earnings1 of $6.0 billion, despit ...