Shell plc (SHEL) has signed a 10-year supply agreement for liquefied natural gas (LNG) with the Turkish stateowned energy firm BOTAS. Per the terms of the agreement, Shell will supply 4 billion cubic meters of LNG per annum to Turkey, starting 2027. The LNG supplied to Turkey will be sourced from the British energy major's U.S. and global energy assets. Before the discovery of the Sakarya gas field in the Black Sea, Turkey was heavily reliant on imported natural gas. Despite this discovery and increased cap ...

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 ...