Shell (LON:SHEL) has taken a final investment decision (FID) to develop the Crux natural gas field offshore Western Australia. It will backfill the Prelude floating liquefied natural gas (LNG) export facility, as the supermajor eyes strengthening demand from Asian customers, seeking to transition from coal to gas. Construction will start this year and first gas is expected in 2027, Shell …
Shell (LON: SHEL) has started up gas production from the Colibri tie back project in the Caribbean. It will allow for the delivery of has both domestically and internationally through Atlantic LNG, with the supermajor hailing the start up as a “significant milestone”. Read the full story here. Photo Credit: Energy Voice.
Shell (LON: SHEL) has announced the start up of production at its PowerNap subsea development in the US Gulf of Mexico. A tie-back to the supermajor’s Olympus production hub in the Mars Corridor, the scheme is estimated to yield 20,000 barrels of oil equivalent per day (boe/d) at peak production. Read the full story here. Photo Credit: Energy Voice.
Scottish Power and Shell will provide £75 million in supply chain funding to support development of three floating and fixed-bottom offshore wind projects. The two companies will provide a total of £50 million in supply chain stimulus funds for their two floating ScotWind projects – MarramWind and CampionWind. The consortium secured seabed leases for the schemes from the Crown Estate, …
Shell is preparing the sale of its stakes in key southern North Sea clusters, Reuters has reported. Shell will reportedly sell its 50% stakes in a tranche of fields in the Clipper hub, as well as the Leman Alpha complex, the news outlet reported, citing three sources familiar with the matter. Read the full story here. Photo Credit: Energy Voice.
03/02/2022
Shell celebrates ‘momentous’ 2021 results with $8.5 billion share buyback and dividend raise
Shell (LON:SHEL) has hailed a “momentous year” in 2021 and has made dual announcements to keep shareholders happy. The energy giant has announced an $8.5 billion share buyback scheme, which will take place in the first half of 2022. Shell also intends to increase its dividend per share by around 4% for the first quarter of 2022. Read the full …