FINWIRES · TerminalLIVE
FINWIRES

$SHELL.AS

25 stories mentioning SHELL.AS

Every FINWIRES story that references SHELL.AS, newest first.

Equities

Shell to Buy Canada's ARC Resources in $16.4 Billion Deal

Shell (SHEL.L, SHELL.AS) agreed to acquire Canada-based energy company ARC Resources for an enterprise value of $16.4 billion, inclusive of $2.8 billion in net debt and leases.Under the definitive agreement, ARC Resources shareholders will receive CA$8.20 in cash and 0.40247 ordinary shares in the British energy giant for each share held, translating to a consideration of CA$32.80 per share or a total equity value of $13.6 billion, according to a Monday release.Deal closing is expected in the second half, subject to approvals from ARC Resources shareholders and court and regulatory clearances.

$SHEL.L$SHELL.AS
Equities

Shell Says Dutch Climate Activist Group's New Emissions Case 'Unrealistic, Unreasonable'

Shell (SHEL.L, SHELL.AS) on Tuesday called a Dutch climate activist group's new emissions case against the company as "unrealistic, unreasonable and fundamentally misplaced."While the British oil and gas giant agrees with Milieudefensie that energy transition is important, it said its continued investment in oil and gas projects will support energy supply security in the coming years as renewables take a bigger market share amid the "natural decline" of oil and gas fields.In its response to the lawsuit, Shell also highlighted the coordinated action needed in the global energy system and how the claim repeats "numerous arguments" in a lawsuit that was fully dismissed in 2024.Milieudefensie is demanding Shell to stop bringing new oil and gas fields into production under its new legal case in the Netherlands, describing the investments as "climate-disrupting activities," Reuters reported Tuesday, citing the summons filed against the company.

$SHEL.L$SHELL.AS
Equities

Market Chatter: Kazakhstan Court Said to Uphold Environmental Fine on Oil Majors Over Kashagan Field

A court in Kazakhstan upheld a 2.36 trillion-Kazakhstani-tenge environmental fine imposed on the operator of Kazakhstan's Kashagan oilfield for storing excessive amounts of sulfur at the site in an April 8 ruling, Bloomberg News reported Friday.North Caspian Operating Co, the field's operator, is jointly owned by Kazakhstan's KazMunayGas, Eni (ENI.MI), Shell (SHEL.L, SHELL.AS), ExxonMobil (XONA.F), TotalEnergies (TTE.PA, TTE.L, TTE.BR), China National Petroleum Corp., or CNPC, and Inpex.People familiar with the matter said the venture can still pursue a cassation appeal even if the decision has entered into legal force, the report noted.KazMunayGas, Eni, Shell, ExxonMobil, TotalEnergies, CNPC, and Inpex did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$ENI.MI$SHEL.L$SHELL.AS$TTE.BR$TTE.L$TTE.PA$XONA.F
Equities

Market Chatter: Shell Said to Pick Adnoc as Preferred Bidder for South African Retail Fuel Stations

Shell (SHEL.L, SHELL.AS) is tipped to have named Abu Dhabi National Oil Co., or Adnoc, as the preferred bidder for its South African retail fuel stations in a deal potentially worth $1 billion, Bloomberg News wrote.People with knowledge of the matter said, according to the Tuesday report, that the deal, which is expected to be reached as early as this quarter, follows failed talks between energy giant Shell and commodities trading group Gunvor Group.Shell and Adnoc did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^FADGI^JTOPI$SHEL.L$SHELL.AS
Equities

Shell Confirms Talks for Potential Production at Venezuela's Loran Field

Shell (SHEL.L, SHELL.AS) confirmed that it is in discussions with Venezuela for the potential development of the Loran gas field, according to a company statement sent toon Friday.The British oil and gas giant said Loran's proximity to its Manatee field in Trinidad and Tobago, where it expects to produce gas by 2027, makes the Venezuelan asset an attractive investment opportunity. Shell, however, noted that it has not taken any final investment decision on Loran.Reuters on Thursday cited the chairman of Trinidad's National Gas Co., Gerald Ramdeen, as saying that Shell is planning to initiate natural gas production at the joint Loran-Manatee offshore field in 2027, and has increased the pipeline capacity for gas transport to Trinidad to 1 billion cubic feet per day from the previously planned 700 million cubic feet.

$SHEL.L$SHELL.AS

Showing 21-25 of 25