Shell Stock News

Equinor and Shell have ​signed an agreement under which Shell will ‌acquire a 30% non-operating interest in the Bay du Nord project offshore Newfoundland and Labrador in Canada, the ​companies said on Friday.

India's Aditya Birla Renewables is seeking $1.5 billion in rupee-denominated loans to fund the acquisition of Shell Plc's Indian ​renewable energy arm and avoid a costlier bridge debt, three ‌bankers aware of the discussions said.

Shell has partially restarted its Pearl gas-to-liquids plant in Ras ​Laffan Industrial City in Qatar to test ‌the production facilities, a spokesperson told Reuters on Thursday.

RBC has nudged down its third-quarter profit forecast for Shell PLC (LSE:SHEL, NYSE:SHEL) after the energy major's trading update, while simultaneously lifting its cash flow estimate, leaving a mixed but broadly constructive picture for the stock. The broker, which rates Shell sector perform with a 4,000 pence target, cut its adjusted net income estimate for the quarter from $12.0 billion to $1...

Shell and Chevron said on Wednesday they were curtailing offshore operations in ​the Gulf of Mexico as Tropical ‌Storm Isaias approached the region.

Shell PLC (LSE:SHEL, NYSE:SHEL), the global energy group, said refining margins strengthened sharply in the third quarter while integrated gas production increased following the acquisition of ARC Resources. Shell expects its indicative refining margin to rise to $42 a barrel from $24 in the second quarter, although its indicative chemicals margin is forecast to fall to $208 a tonne from $270.

Refining margins came in at $42 a barrel in the third quarter compared with $24 a barrel in the second, driven by volatility stemming from the conflict in the Middle East.

Shell's third-quarter integrated ​gas production was expected to ‌be about 740,000 to 780,000 barrels of oil equivalent per day, the ​company said on Wednesday, compared ​with a previously expected a range ⁠of 570,000 to 630,000 boed.