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Pin to quick picksShell Share News (SHEL)

Share Price Information for Shell (SHEL)

London Stock Exchange
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Share Price: 2,772.50
Bid: 2,771.00
Ask: 2,772.00
Change: 12.00 (0.43%)
Spread: 1.00 (0.036%)
Open: 2,760.50
High: 2,784.50
Low: 2,752.50
Prev. Close: 2,760.50
SHEL Live PriceLast checked at -

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Shell to sell Nigerian business for up to $2.4bn

Tue, 16th Jan 2024 10:23

(Sharecast News) - Shell said on Tuesday that it has agreed to sell its Nigerian onshore subsidiary, SPDC, to local consortium Renaissance for up to $2.4bn.

Renaissance consists of five companies, comprising four exploration and production groups based in Nigeria and an international energy firm.

Zoë Yujnovich, Shell's integrated gas and upstream director, said: "This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta, simplifying our portfolio and focusing future disciplined investment in Nigeria on our Deepwater and integrated gas positions.

"It is a significant moment for SPDC, whose people have built it into a high-quality business over many years. Now, after decades as a pioneer in Nigeria's energy sector, SPDC will move to its next chapter under the ownership of an experienced, ambitious Nigerian-led consortium.

"Shell sees a bright future in Nigeria with a positive investment outlook for its energy sector. We will continue to support the country's growing energy needs and export ambitions in areas aligned with our strategy."

More News
7 May 2024 13:29

Shell says it remains committed to mobility business in Malaysia

May 7 (Reuters) - Global oil major Shell said on Tuesday that it remains "committed to the mobility business" in Malaysia, after a report that it was in talks with Saudi Aramco to sell its gas stations in the country.

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6 May 2024 15:01

Shell to exit South Africa's downstream businesses

CAPE TOWN, May 6 (Reuters) - Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday.

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6 May 2024 09:10

Tanzanian LNG project delayed as government seeks to change terms

LONDON, May 6 (Reuters) - Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said.

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6 May 2024 08:33

Tanzanian LNG project delayed as government seeks to change terms, sources say

LONDON, May 6 (Reuters) - Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, two sources from companies involved in the project said.

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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.

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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)

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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

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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.

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3 May 2024 11:00

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

May 3 -

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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:

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2 May 2024 19:49

Shell smashes forecasts with $7.7 bln quarterly profit

Shell announces further $3.5 bln in buybacks

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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)

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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

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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.

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