The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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: 2,946.00
Bid: 2,942.50
Ask: 2,943.50
Change: 37.50 (1.29%)
Spread: 1.00 (0.034%)
Open: 2,922.50
High: 2,949.00
Low: 2,922.50
Prev. Close: 2,908.50
SHEL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Norway boosts oil, gas drilling, including in Arctic

Tue, 16th Jan 2024 15:39

Awards 62 exploration permits, up from year-ago 47

*

More interest in Arctic Barents Sea drilling

*

Awards are based on applications from oil firms

*

Environmental groups protest Norway's drilling

SANDEFJORD, Norway, Jan 16 (Reuters) - Norway on Tuesday awarded stakes in 62 offshore oil and gas exploration licences to 24 energy companies, including state-controlled Equinor , boosting the amount of acreage offered as the country seeks to pump for decades to come.

The annual award was up from 47 licences a year ago when 25 firms received permits. The increase involved drilling permits in the Arctic Barents Sea and the adjacent Norwegian Sea, the country's energy minister told a conference.

The annual predefined areas (APA) rounds of exploration acreage are central to Norway's strategy of extending its oil and gas production, a policy fiercely opposed by environmentalists, dozens of whom picketed the event.

The licence awards in the Barents Sea, a vast ocean off the northern tip of continental Europe, rose to eight in the new round from just two one year ago, as energy companies expressed more interest in the remote and environmentally harsh region.

"Last year I asked companies to look more closely at Barents Sea opportunities... this award shows that more companies have responded positively and are taking responsibility," Minister of Energy Terje Aasland said.

The awards, based on applications from companies, marked the return of Aker BP to the Barents Sea, which the company had abandoned years ago after spudding a number of dry wells.

"We have a new team, we have new ideas, we have new acreage," Aker BP CEO Karl Johnny Hersvik said, adding the plan was to look mainly for natural gas.

EUROPE'S BIGGEST GAS SUPPLIER

While Norway backs the Paris climate accords and the global goal to transition away from fossil fuels, the country also says the world will need access to oil and gas for many years.

"The government's policies continue to be on a head-on collision course with a sustainable climate," Friends of the Earth Norway head Truls Gulowsen said in a post on social media X.

Norway in 2022 overtook Russia as Europe's biggest gas supplier as Moscow's invasion of Ukraine severed decades-long energy ties. The Nordic country also replaced some of the Russian oil barrels banned by the European Union.

The number of new drilling permits awarded in the North Sea was unchanged year-on-year at 29, while 25 were issued for the Norwegian Sea, up from 16 one year ago.

Equinor was awarded stakes in 39 licences, including 14 it will operate, while the second-largest listed oil firm, Aker BP, received stakes in 27 licences, including 17 it will operate.

Vaar Energi came third with stakes in 16 licences, including four it will operate.

Oil majors Shell and TotalEnergies received stakes in one licence each, while ConocoPhillips received stakes in three.

Norway's overall output amounted last year to around 4 million barrels of oil equivalent per day, divided equally between oil and natural gas.

Production is expected to remain at this level in the coming years before dropping sharply in the 2030s unless new resources are found and developed. (Reporting by Nerijus Adomaitis and Nora Buli in Sandefjord, editing by Terje Solsvik and Barbara Lewis)

More News
11 May 2024 18:05

Chinese companies win licensing bids to explore Iraq oil and gas fields

BAGHDAD, May 11 (Reuters) - Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use.

Read more
10 May 2024 18:24

Europe Gasoline/Naphtha-Gasoline cracks register weekly drop

LONDON, May 10 (Reuters) - Northwest European gasoline refining margins rose by 37 cents to around $21.11 a barrel on Friday, but at that level registered around an 8.5% drop on the week.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $864 BP Varo
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $868-87 $878.25 BP Gunvor,
Barges 6.25 (5 (one Varo
Argus barges) barge)
E5(fob
AR)
Ebob $874.25 Assesse Phillip Totsa,
Barges d s 66, Mabanaf
E10 Argus at$867. Shell t
(fob AR) 50
June swap 853.25 $855.50
(fob ARA)
Premium $861 $871-$8 Trafigu Litasco
Unleaded 74 ra
(fob ARA)
<PU-10PP-
ARA>
Cargoes June BGN
(fob MED) +$7.50
FOB
Barcelo
na
Cargoes
(cif NWE)
Naphtha May +$5 June
(cif NWE) +$22
<NAF-C-NW
E>

Ebob crack (per barrel) $21.11 Prev. $20.74
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Robert Harvey; Editing by Kirsten Donovan)

Read more
10 May 2024 15:38

NextDecade Texas Rio Grande LNG Train 1 on track for late 2027 completion

May 10 (Reuters) - U.S. liquefied natural gas (LNG) company NextDecade said the first phase of its Rio Grande project in Texas remained on budget and on schedule for substantial completion of three liquefaction trains from late 2027 to late 2028/early 2029.

Read more
9 May 2024 17:33

Europe Gasoline/Naphtha-Gasoline cracks slip on weaker export demand

LONDON, May 9 (Reuters) - Northwest European gasoline refining margins dropped to about $21.40 a barrel on Thursday in thin trading activity and as export opportunities dwindled.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $915
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $878.25 $855 Sahara Gunvor
Barges (one
Argus barge)
E5(fob
AR)
Ebob Assesse
Barges d
E10 Argus at$867.
(fob AR) 50
June swap $855.50 $847
(fob ARA)
Premium $871-$8 $865-$8 Vitol Shell
Unleaded 74 67
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes $914
(cif NEW) (Tees)
Naphtha May +$4
(cif NWE)
<NAF-C-NW
E>

Ebob crack (per barrel) $20.44 Prev. $21.87
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar;Editing by Elaine Hardcastle)

Read more
9 May 2024 15:51

UK dividends calendar - next 7 days

Friday 10 May 
AIB Group PLCdividend payment date
Alpha Group International PLCdividend payment date
Antofagasta PLCdividend payment date
Hammerson PLCdividend payment date
Hunting PLCdividend payment date
International Personal Finance PLCdividend payment date
Invesco Select Trust Global Equity Income PLCdividend payment date
Invesco Select Trust UK Equity PLCdividend payment date
Johnson Service Group PLCdividend payment date
Kerry Group PLCdividend payment date
Moneysupermarket.com Group PLCdividend payment date
Schroder Asian Total Return Inv Co PLCdividend payment date
Schroder European Real Estate Investments Trust PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
Serco Group PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Somero Enterprises Incspecial dividend payment date
Taylor Wimpey PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Monday 13 May 
Games Workshop Group PLCdividend payment date
Life Science REIT PLCdividend payment date
Seed Innovations Ltdspecial dividend payment date
Smiths Group PLCdividend payment date
VinaCapital Vietnam Opportunity Fund Ltddividend payment date
Tuesday 14 May 
BlackRock World Mining Trust PLCdividend payment date
Fidelity European Trust PLCdividend payment date
InterContinental Hotels Group PLCdividend payment date
Mondi PLCdividend payment date
OSB Group PLCdividend payment date
Rathbones Group PLCdividend payment date
Uniphar PLCdividend payment date
Wednesday 15 May 
Capital Ltddividend payment date
Grit Real Estate Income Group Ltddividend payment date
Jardine Matheson Holdings Ltddividend payment date
Just Group PLCdividend payment date
Rentokil Initial PLCdividend payment date
Thursday 16 May 
abrdn Property Income Trust Ltdex-dividend payment date
Alternative Income REIT PLCex-dividend payment date
Aquila European Renewables PLCex-dividend payment date
Balfour Beatty PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
BP PLCex-dividend payment date
Bunzl PLCex-dividend payment date
Churchill China PLCex-dividend payment date
EJF Investments Ltdex-dividend payment date
Essentra PLCex-dividend payment date
Fevertree Drinks PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
GSK PLCex-dividend payment date
Haleon PLCdividend payment date
Henderson Opportunities Trust PLCex-dividend payment date
Income & Growth VCT PLCex-dividend payment date
Irish Continental Group PLCex-dividend payment date
James Halstead PLCex-dividend payment date
Jarvis Securities PLCex-dividend payment date
Kingfisher PLCex-dividend payment date
M Winkworth PLCdividend payment date
Majedie Investments PLCex-dividend payment date
Manx Financial Group PLCex-dividend payment date
Mercantile Investment Trust PLCdividend payment date
Morgan Sindall Group PLCdividend payment date
Murray Income Trust PLCex-dividend payment date
Ocean Wilsons Holdings Ltdex-dividend payment date
Octopus Renewables Infrastructure Trust PLCex-dividend payment date
PageGroup PLCex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
Princess Private Equity Holding Ltdex-dividend payment date
Property Franchise Group PLCex-dividend payment date
Prudential PLCdividend payment date
RHI Magnesita NVex-dividend payment date
Shell PLCex-dividend payment date
Spectris PLCex-dividend payment date
Supermarket Income REIT PLCdividend payment date
Target Healthcare REIT PLCex-dividend payment date
TClarke PLCex-dividend payment date
Tesco PLCex-dividend payment date
TwentyFour Select Monthly Income Fund Ltdex-dividend payment date
Unilever PLCex-dividend payment date
Vaalco Energy Incex-dividend payment date
Vector Capital PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
8 May 2024 16:58

Europe Gasoline/Naphtha-Gasoline cracks decline after surprise US inventory gain

LONDON, May 8 (Reuters) - Northwest European gasoline refining margins dropped below $22 a barrel on Wednesday after U.S. data showed an unexpected rise in inventories.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $915
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $855 $885-$$ BP, Gunvor,
Barges 888(14K Sahara, Exxon
Argus T) Varo
E5(fob
AR)
Ebob $877-$8
Barges 77.75
E10 Argus (11KT)
(fob AR)
June swap $847 $855
(fob ARA)
Premium $865-$8 $869 Trafigu Shell,
Unleaded 67 ra Total
(fob ARA)
<PU-10PP-
ARA>
Cargoes May
(fob MED) +$14
Cargoes $914 Gunvor Equinor
(cif NEW) (Tees)
Naphtha
(cif NEW)
<NAF-C-NW
E>

Ebob crack (per barrel) $21.87 Prev. $22.41
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ron Bousso; Editing by Kirsten Donovan)

Read more
8 May 2024 14:29

Shell sells Singapore refinery to Glencore joint venture

(Sharecast News) - Energy giant Shell has announced that it is selling its interest in Singapore's Energy and Chemicals Park, the company's largest petrochemical production and export centre in Asia Pacific.

Read more
8 May 2024 13:19

Middle East Crude-Benchmarks fall, snapping two-day streak

SINGAPORE, May 8 (Reuters) - Middle East crude benchmarks Dubai, Oman and Murban fell on Wednesday after rising for consecutive days after Saudi Aramco and ADNOC raised official selling prices (OSPs) for term supplies in June.

8 May 2024 07:07

Shell to sell Singapore refinery, petrochemical assets to Chandra Asri and Glencore

SINGAPORE, May 8 (Reuters) - Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore to a joint venture between Indonesia's PT Chandra Asri Pacific and Swiss commodities trader Glencore.

Read more
7 May 2024 18:31

Europe Gasoline/Naphtha-Gasoline cracks steady as supply stays abundant

LONDON, May 7 (Reuters) - Northwest European gasoline refining margins were largely steady at $22.88 a barrel on Tuesday as European stock levels dipped and the market remains well supplied.

Trade    Bid      Offer    Prev.    Buyer    Seller
Ebob $915
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob
Barges
E10
Platts(fo
b ARA)
Ebob $885-$$ $896-$8 Litasco Gunvor,
Barges 888(14K 96.25 , Trafigu
Argus T) Glencor ra
E5(fob e, BP,
AR) Sahara,
Shell
Ebob $877-$8 $882-$8 Litasco Varo,
Barges 77.75 82.25 , BP, Totsa,
E10 Argus (11KT) P66 GST,
(fob AR) Mabanaf
t
June swap $855 $862.50
(fob ARA)
Premium $869 $876 Vitol Totsa
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes May
(fob MED) +$14
Cargoes $914 Gunvor Equinor
(cif NEW) (Tees)
Naphtha
(cif NEW)
<NAF-C-NW
E>

Ebob crack (per barrel) $22.878 Prev. $22.646
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Noah Browning; Editing by Richard Chang)

Read more
7 May 2024 17:43

European shares close at record highs on financials boost

Infineon jumps 12.9% on Q2 sales beat

*

Read more
7 May 2024 17:30

UK's FTSE 100 notches record closing high in broad rally

FTSE 100 up 1.2%, FTSE 250 adds 1.2%

*

Read more
7 May 2024 16:32

London close: Stocks jump on return from long weekend

(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from the US and European markets.

Read more
7 May 2024 16:08

BP profit slides by 40% as refinery outage offsets higher output

First-quarter underlying profit $2.7 bln vs forecast $2.87 bln

*

Read more
7 May 2024 15:25

Shell confirms "several" parties eying South African retail business

(Alliance News) - Shell PLC said on Tuesday it has been approached by "several highly credible parties" interested in its retail business in South Africa.

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