Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksShell Share News (SHEL)

Share Price Information for Shell (SHEL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,858.50
Bid: 2,855.50
Ask: 2,856.50
Change: -14.50 (-0.50%)
Spread: 1.00 (0.035%)
Open: 2,872.00
High: 2,881.50
Low: 2,846.00
Prev. Close: 2,873.00
SHEL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Nigeria's NNPC resumes Awoba oil output, targeting 12,000 bpd

Tue, 23rd Apr 2024 16:37

ABUJA, April 23 (Reuters) - Nigeria's NNPC and joint venture partner Newcross Exploration and Production have resumed output at the Awoba oilfield that ceased operations in February 2022 due to oil theft that curbed exports, the state oil company said on Tuesday.

Output has averaged 8,000 barrels per day (bpd) since operations restarted on April 13 and is expected to rise to 12,000 bpd within a month, NNPC spokesperson Olufemi Soneye said in a statement.

The Awoba field, which can pump up to 40,000 bpd, is located on oil mining lease (OML) 24, which was previously operated by oil major Shell but was sold to Newcross in 2014.

Newcross is one of a group of Nigerian producers that took over assets from Shell, TotalEnergies, Chevron and Eni in a divestment programme more than a decade ago.

Awoba is also expected to boost gas supply to power plants and other gas-based industries, Soneye said.

Africa's top oil producer, Nigeria pumps about 1.47 million bpd and is trying to boost output from fields sold to local producers by oil majors that have been fleeing from assets hampered by theft, sabotage and pipeline vandalism.

NNPC's oil output has risen by 60,000 bpd thanks to a string of successes across its joint venture portfolio with local producers. Recent achievements include the start of the Madu field on OML 83 and the restart of OMLs 29 and 18 in late 2023, Soneye said.

More News
3 May 2024 18:36

Oil majors offered faster Nigerian exit if they pay for cleanup

ABUJA, May 3 (Reuters) - Major oil companies such as Exxon Mobil and Shell that aim to exit Nigeria's onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said on Friday.

Read more
3 May 2024 16:53

Europe Gasoline/Naphtha-Gasoline cracks rise as exports pick up

LONDON, May 3 (Reuters) - Northwest European gasoline refining margins rose slightly to $23.2 a barrel on Friday after ARA stocks dropped with exports to North America gaining pace.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $915
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $896-$8 $896-$8 BP, Gunvor
Barges 96.25 99 Litasco
Argus (8KT)
E5(fob
AR)
Ebob $882-$8 $883-$8 P66, BP Varo,
Barges 82.25 84 Total
E10 Argus (10KT)
(fob AR)
June swap $862.50 $865.25
(fob ARA)
Premium $876 885.00- Vitol Trafigu
Unleaded $888.50 ra,
(fob ARA) (21 Litasco
<PU-10PP- barges)
ARA>
Cargoes May
(fob MED) +$15
Cargoes $908
(cif NEW) (Thames
)
Naphtha May +$6
(cif NEW)
<NAF-C-NW
E>

Ebob crack (per barrel) $23.15 Prev. $22.81
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ron Bousso; Editing by Kirsten Donovan)

Read more
3 May 2024 15:22

Oil majors offered faster Nigerian exit if they pay for cleanup

ABUJA/LAGOS, May 3 (Reuters) - Majors such as Exxon Mobil and Shell that aim to exit Nigeria's onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said on Friday.

Read more
3 May 2024 13:47

British regulator awards more North Sea oil and gas licences

NSTA awards 31 new licences aimed at boosting output

*

Read more
3 May 2024 11:44

Shell's Q1 performance "encouraging", says RBC

(Sharecast News) - RBC Capital Markets has raised its forecasts for Shell and kept an 'outperform' rating, saying the business was "firing on most cylinders" in the quarter.

Read more
3 May 2024 11:00

US stands to lose Canadian natural gas when LNG Canada terminal starts up

May 3 -

Read more
3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
2 May 2024 19:49

Shell smashes forecasts with $7.7 bln quarterly profit

Shell announces further $3.5 bln in buybacks

*

Read more
2 May 2024 18:40

Europe Gasoline/Naphtha-Gasoline cracks dip despite European stock draw

LONDON, May 2 (Reuters) - Northwest European gasoline refining margins slipped to $21.67 a barrel on Thursday, even as European gasoline stocks dipped and oil edged back toward seven-week lows.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $915
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $896-$8 $905.25 Litasco Gunvor,
Barges 99 -906 , Exxon,
Argus (8KT) (8KT) Shell, Mabanaf
E5(fob Glencor t
AR) e
Ebob $883-$8 $887.75 Shell, Varo,
Barges 84 (6KT) Exxon, Totsa
E10 Argus (10KT) Musket
(fob AR)
May swap $865.25 $875
(fob ARA)
Premium 885.00- $902-90 Litasco Trafigu
Unleaded $888.50 5 (5 , Varo, ra,
(fob ARA) (21 barges) Vitol Gunvor
<PU-10PP- barges)
ARA>
Cargoes May
(fob MED) +$15
Cargoes
(cif NEW)
Naphtha May +$6
(cif NEW)
<NAF-C-NW
E>

Ebob crack (per barrel) $21.674 Prev. $23.184
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Noah Browning;Editing by Elaine Hardcastle)

Read more
2 May 2024 17:06

FTSE 100 boosted by strong earnings from Shell, StanChart

StanChart jumps after posting a 5.5% rise in pretax profit

*

Read more
2 May 2024 16:07

London close: Stocks rise on back of well-received earnings

(Sharecast News) - London's stocks finished with gains on Thursday, fuelled by strong performances from key players like Standard Chartered and Smurfit Kappa.

Read more
2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Chartered impressed.

Read more
2 May 2024 08:44

TOP NEWS: Shell launches fresh buyback as lower earnings top forecasts

(Alliance News) - Shell PLC on Thursday announced a new USD3.5 billion share buyback, alongside lower first quarter earnings which nonetheless beat market expectations.

Read more
2 May 2024 08:44

LONDON MARKET OPEN: FTSE 100 up as Powell keeps lid on hawkishness

(Alliance News) - London's FTSE 100 opened in the green on Thursday, with markets breathing a sigh of relief after Federal Reserve Chair Jerome Powell came across less hawkish than some feared.

Read more
2 May 2024 07:48

LONDON BRIEFING: Shell unveils USD3.5 billion buyback; Melrose bullish

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, after the Federal Reserve left rates unmoved and Chair Jerome Powell came across less hawkish than feared.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.