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LON100:RDSA, Feb 22, 10:23 UTC

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Thursday, February 20


News

Shell to decide on Gulf of Mexico Mars crude oil line expansion by June

RDSB RDSA +1 more RDSB RDSA TRI

Shell to decide on Gulf of Mexico Mars crude oil line expansion by June | NASDAQ. Shell has seen significant interest from oil producers as the 600,000 barrel-per-day system nears capacity, and the company is working towards finalizing agreements with them for additional capacity on the system, executives said in a conference call with analysts. The company does not want to comment on the specifics of expected added capacity or what it would spend on the project on the Mars corridor, a 163-mile (260-km) crude oil pipeline originating approximately 130 miles offshore in the Gulf of Mexico. Shell also said Amberjack Pipeline Co has signed a dedication and connection agreement with Chevron Corp's (CVX.N> Gulf of Mexico anchor project, which is expected to produce oil in 2024.

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nasdaq.com
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Alphabet puts end to Makani wind kite ops, Shell mulls options

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Alphabet puts end to Makani wind kite ops, Shell mulls options. February 20 (Renewables Now) - Google’s parent company Alphabet Inc (NASDAQ:GOOGL) will no longer support the technology developed by Makani Technologies LLC, but the wind energy kites maker hopes to secure the continued backing of another big name. In a separate statement, Astro Teller, captain of Moonshots at X and chairman of the Makani board, said the following: “After considering many factors, I believe that the road to commercial viability is a much longer and riskier road than we'd hoped and that it no longer makes sense for Makani to be an Alphabet company.”. About six months later, Makani’s energy kite, tethered to a floating platform, flew over the North Sea for the first time.

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renewablesnow.com
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Wednesday, February 19


News

'Roses are red, violets are blue, BP and Shell - we're coming for you'

RDSB RDSA +1 more RDSB RDSA BP

'Roses are red, violets are blue, BP and Shell - we're coming for you'. Socialist Students says democratise the climate strike movement. Climate strikers in Sheffield, 14.2.20, photo by Sheffield Socialist Party (Click to enlarge). The most recent climate strike was loud and energetic, made up of 120 college, secondary and even primary school students. The monthly events still draw together climate-conscious young people and students. Socialist Students and Young Socialists have helped build, prepare and run the climate strikes for a year now. And our slogan 'socialist change not climate change' was well received.

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socialistparty.org.uk
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Tuesday, February 18


News

Reformer shut at Shell Convent, Louisiana, refinery after fire - sources

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. Reformer shut at Shell Convent, Louisiana, refinery after fire - sources. (Reuters) - A catalytic reformer was shut on Sunday night at Royal Dutch Shell Plc’s (RDSa.L) 211,270-barrel-per-day (bpd) refinery in Convent, Louisiana, after a brief fire, said sources familiar with plant operations. He declined to discuss the status of individual units at the refinery, but said, "We will bring our units back on line only when it is safe to do so."

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uk.reuters.com
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Monday, February 17


News

Online News, Business, News, Oil & Gas News, Shell, Total, CNOOC, LNG, Force Majeure, Coronavirus

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Shell and Total Reject CNOOC Force Majeure on LNG Shipments. Image Source: OE Digital Bloomberg reported that Shell and Total have rejected a force majeure on liquefied natural gas contracts iby CNOOC. While CNOOC is still likely to cancel delivery of the prompt cargoes, suppliers will probably seek compensation from the Chinese firm. CNOOC made the dramatic move as it struggled to take delivery of LNG because of constraints caused by the virus, which include a lockdown of more than 50 million people in more than a dozen cities. It was one of the first known cases of the legal clause being invoked in commodity contracts due to the epidemic, which has plunged raw materials markets into chaos.

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steelguru.com
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Saturday, February 15


News

BP, Shell, Total seek Norwegian green power for oil platforms

RDSB RDSA +2 more RDSB RDSA BP FP

Offshore installations at BP's Eastern Trough Area Project (ETAP), Shell's Shearwater and Total's Elgin-Franklin in the British sector of the North Sea could be connected via a 300-kilometres-long subsea cable, BP's letter said. "Electrification of these platforms offers significant socio-economic benefits by significantly reducing emissions," BP said in a letter to the ministry seen by Reuters. It said it had already submitted an application to connect to the Norwegian grid, asking the ministry's officials to meet to discuss the project further. Norway, which has generated huge wealth by exporting fossil fuel, generates its own electricity almost entirely from renewable sources, such as hydro and wind power. The installations would require 100-200 megawatts (MW) in power capacity, which could be provided by a subsea cable starting from 2023, with investments estimated in a range of 7 billion to 9 billion crowns ($760-977 million), BP said.

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uk.reuters.com
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Friday, February 14


News

Shell confirms Singapore virus case, sends staff home after another scare

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Shell confirms Singapore virus case, sends staff home after another scare. (Reuters) - Shell said on Friday a contractor working at its Singapore refinery had contracted coronavirus, as the city state reported its biggest jump in new cases so far. The oil giant said earlier it had sent some staff home from its main office in Singapore after discovering another employee had been in contact with a carrier. "Shell Singapore can now confirm that a contractor working on the Pulau Bukom manufacturing site has unfortunately tested positive. We continue to monitor the situation closely to ensure the well-being of our staff and contractors," the firm said in a statement on its website.

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in.reuters.com
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News

The Zacks Analyst Blog Highlights: BP, Royal Dutch Shell, Repsol, Exxon Mobil and Chevron

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Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BP plc BP, Royal Dutch Shell plc RDS.A, Repsol, S.A. REPYY, Exxon Mobil Corporation XOM and Chevron Corporation CVX. BP’s new CEO Bernard Looney, who took over from Bob Dudley a week ago, revealed plans to halve carbon intensity of its products by 2050 or sooner. BP is following the path of Royal Dutch Shell plc and Repsol, S.A. to offset the carbon impact from fossil fuels. While the investment community in the energy industry is pushing the companies to enhance environment-friendly activities, BP’s move is likely to put more pressure on them to work harder to meet the Paris Agreement climate goals.

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nasdaq.com
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Thursday, February 13


News

The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch Shell and BP

RDSB RDSA +2 more RDSB RDSA BP CVX

Similar to other companies exploring for and producing oil and gas, the results of ExxonMobil, Chevron, Royal Dutch Shell and BP’s upstream divisions – the main contributor to their earnings – are directly exposed to commodity prices. Worse, even their downstream segments fared poorly with plunging refining and chemicals margin. But amid all these headwinds, natural gas prices remain the most depressing factor for these companies. In 2019, natural gas accounted for around 40% of ExxonMobil’s output, while smaller rival Chevron pumped 3,058 thousand oil-equivalent barrels per day (MBOE/d) last year, which was 39% natural gas. It’s clear that the big energy companies are all major supplier of the natural gas, with the fuel set to play an important role in their future. As for ExxonMobil, the Irving, TX-based supermajor, which acquired XTO Energy for more than $40 billion in 2009 to focus on gas production, is heavily invested in two major LNG projects in Papua New Guinea and Mozambique.

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Monday, February 10


News

Shell to Build Its First Utility-Scale Solar Farm Down Under

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Royal Dutch Shell PLC RDS.A recently announced that it will construct its first utility-scale solar farm in Australia. The project will be built at Gangarri plant in Wandoan, Queensland State and is estimated to generate 120-megawatt (MW) energy using 400,000 photovolatic (PV) panels. Operations at the QGC onshore natural gas project to be run by the solar farm are expected to remove carbon footprint by approximately 300,000 tonnes million annually in the state. Shell carries a Zacks Rank #3 (Hold). Some better-ranked players in the energy space are Marathon Oil Corporation MRO, Chevron Corporation CVX and TC Energy Corporation TRP, each carrying a Zacks Rank #2 (Buy).

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