OPEC+ mulling 1.0m barrel production cut
3rd Oct 2022 09:30
(Sharecast News) - Brent crude oil futures jumped at the start of the quarter amid reports that the Organisation of Petroleum Exporting Countries and its allies may cut their combined output by approximately 1.0m barrels a day.
Read moreShell CEO Ben van Beurden to step down
15th Sep 2022 07:01
(Sharecast News) - Oil and gas giant Shell revealed on Thursday that chief executive Ben van Beurden will step down from the role at the end of 2022 following a 39-year career with the group.
Read moreShell CEO van Beurden to step down next year - report
2nd Sep 2022 08:23
(Sharecast News) - Shell has reportedly shortlisted four candidates to succeed chief executive Ben van Beurden, who is preparing to step down next year after nearly a decade at the helm of the energy firm.
Read moreOfgem fines Shell for overcharging retail customers
25th Aug 2022 11:03
(Sharecast News) - Shell's consumer business - Shell Energy Retail - has been ordered by regulator Ofgem to pay pack £536,970 after it overcharged customers on its default tariffs.
Read moreSector movers: Commodity names slip after weak Asian PMIs
1st Aug 2022 11:09
(Sharecast News) - Oil and Gas, as well as Industrial Metals names were under pressure at the start of the month following the release of weaker-than-expected readings on Chinese manufacturing during the month of July.
Read moreShell Q2 profits surge to $11.47bn
28th Jul 2022 07:25
(Sharecast News) - Oil and gas giant Shell on Thursday reported a better-than-expected second-quarter profit of $11.5bn driven by soaring energy prices.
Read moreSunday newspaper round-up: Capita, EasyJet, ZeroAvia
10th Jul 2022 13:49
(Sharecast News) - The man brought in to turn around outsourcer Capita's fortunes sounded a far more chipper note in an interview. Since late 2017, the company has sold off large chunks of the business, while trying to position itself as a technology outfit in areas such as artificial intelligence and running chatbots for firms such as O2. Staff levels have been slashed from 73,000 to 52,000 and debt brought down to a level that is easier to manage. But the key change has been in the firm's corporate culture, according to Lewis. It now emphasises client relationships. Lewis also sounded a positive note on the outlook for the share price, predicting that it would be back at its pre-rights issue level in the next year or two. - Financial Mail on Sunday
Read moreShell moves to derecognise Sakhalin-2 LNG volumes
7th Jul 2022 11:29
(Sharecast News) - Shell guided towards lower second quarter liquid natural gas liquefaction volumes after Russia moved to take over the Sakhalin-2 gas and oil project in the country's Far East.
Read moreEurope close: Stocks end mixed, but oil majors' shares sought out
4th Jul 2022 16:21
(Sharecast News) - European shares opened higher on Monday driven by energy stocks, but gave back early gains, in part following data showing that Germany's trade balance fell into a surprise deficit in May.
Read moreSector movers: Big Oil sought out as JP Morgan warns of worst-case Russian oil output cut
4th Jul 2022 15:11
(Sharecast News) - Big Oil helped drive a bounce on the FTSE 350 at the start of the week after analysts at JP Morgan sounded a wary note on plans now under consideration in the West to impose a price cap on exports of Russian oil.
Read moreCeres to deliver megawatt-scale SOEC to Shell
28th Jun 2022 08:20
(Sharecast News) - Fuel cell and electrochemical technology company Ceres Power has signed an agreement with Shell to deliver a megawatt-scale solid oxide electrolyser demonstrator in 2023.
Read moreCredit Suisse starts Shell at 'outperform', BP at 'neutral'
9th Jun 2022 09:21
(Sharecast News) - Credit Suisse initiated coverage of BP and Shell on Thursday as it said in a note that it is positive on integrated energy, but in its relative ratings framework, the bank's bottom-up stock picking is nuanced to reflect what the market is pricing in.
Read moreJP Morgan reiterates positive stance on UK energy
26th May 2022 10:36
(Sharecast News) - JP Morgan has reiterated its positive stance on the UK energy sector, despite the likely imposition of windfall taxes.
Read moreShell to sell Russian retail business to Lukoil
12th May 2022 08:00
(Sharecast News) - Shell has agreed to sell its retail and lubricants businesses in Russia - Shell Neft - to Lukoil for an undisclosed sum.
Read moreTesco chair calls for windfall tax on energy firms
10th May 2022 13:08
(Sharecast News) - Tesco chairman John Allan on Tuesday said there was an "overwhelming case" for a windfall tax on energy companies to help ease the cost-of-living crisis for most Britons.
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