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Shell plc announces the sale of its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture between Chandra Asri and Glencore, as part of its strategic business optimization. The agreement includes the transfer of all assets and contracts, enhancing CAPGC's position in the global market.
05-08 17:36
Shell plc is reportedly set to divest a significant portion of its shareholding in a South African downstream unit following a comprehensive review. The move aims to reshape its downstream portfolio, with financial terms undisclosed.
05-07 02:03
Shell's first-quarter FY24 results show a decline in net income but an increase in adjusted earnings and dividend. Share buyback program announced.
05-02 21:43
Shell reportedly exits China's power markets, focusing on bolstering profitability in natural gas and oil sectors. The move reflects a commitment to invest selectively in profitable ventures within the power sector, aligning with CEO Wael Sawan's vision.
05-02 01:45
The Nigerian oil regulator evaluates Shell's divestment of its onshore subsidiary to Renaissance consortium. Assets have 6.73B barrels of oil & 56.27T cubic feet of gas.
04-30 18:19
Shell plc reportedly inked a deal with the Nigerian government to supply gas to the proposed $3.8 billion Brass methanol facility.
04-19 00:13
BP (NYSE: BP) simplifying organizational structure, integrating regions & functions, while retaining financial reporting structure.
04-18 23:29
BP Pulse, the electric vehicle charging business of BP, reportedly plans to cut over 10% of its workforce as it focuses on US, UK, Germany, and China markets.
04-15 23:03
BP shares rise after reporting Q1 2024 update with higher upstream production expected, but also potential impact from lower gas prices.
04-09 18:39
As the clean energy debate intensifies, the Treasury's impending decision on hydrogen production tax credits stands to reshape the hydrogen industry's trajectory.
2023-11-01 21:43