Tag: Shell

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Shell ditched major works on giant LNG facility in favour of quick fix

Shell considered shutting its flagship Prelude liquefied natural gas facility off Australia for a year to fix issues that have plagued its operations, but...

Shell taps Goldman Sachs to explore Singapore refinery sale -sources

Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank...

Shell’s profits tumble 56% to $5 bln as energy prices cool

Shell (SHEL.L) on Thursday reported a 56% fall in second-quarter profit to $5 billion as oil and gas prices and refining profit margins fell, prompting the...

Shell to supply Morocco with LNG in 12-year deal

 Shell will supply Morocco with an annual 0.5 billion cubic metres (bcm) of liquefied natural gas (LNG) under a 12-year deal, the North African country's...

Shell, BP pursue arbitration claims against Venture Global LNG

Top LNG traders Shell (SHEL.L) and BP (BP.L) have separately filed for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, even as it...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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