Shell plc's (SHEL) subsidiary, Shell USA, Inc., has announced that its both units, Shell Pipeline Company LP and Triton West LLC, will sell the entire stake in the Sinco pipeline system and Colex terminal to a subsidiary of Edgewater Midstream LLC (Edgewater), Houston, TX-based midstream company. This strategic divestiture is aligned with Shell's ongoing efforts to simplify its portfolio and focus on more value-driven projects with lower emissions. The sale is subject to regulatory approval and expected to ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it ...

Shell plc (SHEL) is facing challenges in its efforts to divest its stake in the Shell Petroleum Development Company of Nigeria Limited to Renaissance. The Nigerian Upstream Petroleum Regulatory Commission ("NUPRC") has rejected Shell International's proposal to sell its onshore assets in Nigeria to Renaissance. The deal was valued at $2.4 billion during the time of the announcement. However, the value has reportedly dropped to $1.3 billion at present. Per the Petroleum Industry Act, the regulatory commissio ...

Shell plc (SHEL) , the British energy major, has stated that it will shut down certain parts of its Zydeco pipeline system to conduct maintenance activities. The shutdown, which is expected to last for three to four days, beginning Sept. 24, 2024, will likely restrict the flow of some light crude to Louisiana. Per Shell Midstream Partners, the Zydeco pipeline eases transportation bottlenecks for the crude that arrives in Houston from the prolific Eagle Ford shale, and the Permian and Bakken regions. The shu ...

Jeremy Poland Providing energy security, Enabling the energy transition $6.3 billion Performance Adia sted Earnings Discipline ook for 2024 $13.5 billion Simplification CFFO $0.344 es in Q2 2024; $6.1 billion' Enhancing Dividend per shore Shareholder $13.5 billion of $3.5 billion Returns 43% of CFFO diatributed over the last tw Buyback progra Royal Dutch Shell (NYSE: SHEL) is one of the largest oil companies in the world, with a market capitalization of roughly $225 billion. European oil companies are known ...

Shell plc (SHEL) , the British energy major, has proceeded with the Final Investment Decision ("FID") on a waterflood project at its Vito deepwater field, located in the U.S. Gulf of Mexico. Shell Offshore Inc., a subsidiary of Shell, has taken the FID on the project to enhance the production capacity at the deepwater field. The project involves injecting water into the hydrocarbon reservoir. Waterflood is a secondary recovery method where water is injected into the hydrocarbon formation. The injected water ...

London-based energy giant Shell plc (SHEL) and Asian behemoth PetroChina's ongoing expansion of the Surat Gas Project ("SGP") marks a significant step in enhancing their liquefied natural gas ("LNG") production capacity. Surat Gas Project: Things to Know As partners in the Arrow Energy joint venture, the two companies are committing to phase two of this ambitious Australian development, set to produce 130 million cubic feet per day at peak. By 2026, gas from SGP North will supply Shell's Queensland Curtis L ...

Global economies are progressively shifting toward cleaner energy sources, and energy companies are facing growing pressure to address climate change from various angles. While most analysts agree that renewable energy will play a significant role in meeting future energy demands, it is unlikely to entirely eliminate the need for oil and natural gas. Fossil fuel demand is expected to continue growing, albeit at a slower rate. The U.S. Energy Information Administration, in its Annual Energy Outlook 2023, sta ...

Wilmington, Delaware, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Badaam (Almond With Shell) Snack Market by Product Type (Roasted, Spicy, Salted and Others), and Distribution Channel (Supermarkets/hypermarkets, Franchised Stores, Online Stores and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the badaam (Almond with shell) snack market was valued at $3.3 billion in 2023, and is estimated to reach $5.2 billion by 20 ...

Core Viewpoint - Shell reported a solid H1 performance with increased production, particularly in gas, and improved chemical margins, supported by a $2-3 billion structural cost savings plan aimed at enhancing efficiency and streamlining operations [1][6]. Production and Financial Performance - H1 profit decreased by 5% due to lower prices, despite a 2% increase in average daily production to approximately 2.9 million barrels of oil equivalent per day (Mboe) [2][3]. - Liquids production slightly declined, with a liquids mix falling to 52% [2][3]. - LNG production remained stable at around 14.53 million tonnes (Mt) [2][3]. - Adjusted earnings for H1 2024 were $14.0 billion, down 5% from H1 2023, but earnings per share increased by 2% to $4.38 [2][3]. Cost Management and Capital Expenditure - Shell achieved approximately $1.7 billion in structural cost savings as of H1 2024, with a target of $2-3 billion by 2025 [6][7]. - Cash capital expenditures for H1 were $9.2 billion, about 21% lower than the previous year, with full-year guidance maintained at $22-25 billion [4][5]. Strategic Acquisitions and Growth Initiatives - The acquisition of Pavilion Energy is expected to enhance LNG trading capabilities, with a contracted supply volume of about 6.5 million tonnes per year, supporting a projected 20-30% LNG growth through 2030 [2][6]. - New projects in Oman, the Gulf of Mexico, Brazil, and Malaysia have contributed to an additional 250,000 barrels of oil equivalent per day (kboe/d) of production, with a target of 500,000 kboe/d by the end of 2025 [7][9]. Future Outlook - Shell's focus on low-risk, high-margin projects is anticipated to improve barrel margins, with a majority of upcoming completions being liquids-rich developments [9][10]. - Namibia's potential reserves of approximately 4.9 billion barrels of oil equivalent (bboe) could play a significant role in extending production levels into the next decade [10].