UK energy stocks are leading gains on the FTSE 100 today as crude oil and natural gas prices rebound, boosting sentiment across the sector. BP stock climbed to 534p, up 18.5% from its July low and 63% above its lowest level last year.
Shell said on Wednesday it would invest in the next phase of the Surat Gas Project in Queensland, Australia, which is being developed by Arrow Energy, a joint venture owned equally by Shell and PetroChina.
Shell PLC (LSE:SHEL, NYSE:SHEL) has struck a deal to sell its European onshore renewables business to France's TotalEnergies. The FTSE 100 oil giant said it was continuing to reshape its power portfolio and recycle capital into businesses where it believes it has a competitive advantage.
Shell said on Monday it had agreed to sell its onshore European renewables unit to TotalEnergies in a deal including assets across Italy, the Netherlands, Spain and the UK.
Shell said on Friday it had agreed to sell its unit BG Cyprus to Hungarian oil and gas firm MOL Group for up to $720 million, subject to milestone-linked contingent payments.
MEXICO CITY--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) (“the Company” or “Orbia”) today announced that yesterday, the Amsterdam District Court dismissed two major lawsuits against Orbia and its Vestolit GmbH affiliate (“Vestolit”) in the Dutch Ethylene Damages Litigation. The court issued rulings in two cases—one brought by a Dutch Stichting (foundation) represent...
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