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Shell trims LNG production Outlook for Q4
Shell warns of weaker fourth quarter LNG, oil trading
Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months.
Shell cuts production forecast for LNG, warns weaker Q4
Shell ( NYSE: SHEL) trimmed its Q4 forecast; reduced its LNG production forecast to between 6.8 and 7.2 million metric tons, down from a previous estimate of 6.9 to 7.5 million metric tons, and lower than Q3's 7.5 million metric tons. It sighted lower feedgas deliveries and fewer cargos shipments.
Shell trims LNG production outlook for Q4, says O&G trading results to be lower
In a trading update ahead of its Q4 results, Shell (SHEL) said it expects Trading & Optimization results to be “significantly lower” than
Shell Adjusts LNG Production and Trading Outlook Amid Strategic Shifts
Shell revised its LNG production estimates and forecasted a dip in oil and gas trading outcomes for the fourth quarter, citing hedging contract expirations. The company announced potential impairments in its renewables division and noted a strategic shift away from new offshore wind investments.
Wall Street Breakfast Podcast: Shell Lowers Q4 Outlook, Trims LNG Output
Shell cuts production forecast for LNG, warns weaker Q4. Goodyear to sell Dunlop brand to Sumitomo Rubber in $701M deal. Delta to link SkyMiles program to Uber, ending Lyft partnership.
Shell cuts production forecast for LNG
Shell has cut its liquefied natural gas production forecast for the fourth quarter of 2024 and warned that results from its trading business will be lower than in the third quarter. The UK oil major,
Shell, Namibia
Shell writes down $400m on unviable oil discovery in Namibia
Shell has determined that an oil discovery off the coast of Namibia is not commercially viable, leading to a projected write-down of around $400m (£325.52m), reported Reuters. This decision is a setback for Namibia's ambition to establish itself as an oil producer.
Shell writes down Namibia oil discovery in blow to country
Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country’s efforts to become a crude producer. Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be confirmed for commercial development.
Namibia's oil prospects hurt as Shell writes down offshore oil discovery
There have been several oil explorations by major oil conglomerates in the Southern African country of Namibia in recent years. Shell has announced a $400 million write-down related to an offshore oil discovery in Namibia,
Edie
20h
Shell accused of backing ‘carbon-neutral’ LNG claims with dud carbon credits
An investigation into carbon credits purchased by Shell to claim that dozens of its liquefied natural gas shipments were ...
1d
Shell shareholders file resolution asking oil giant for transparency on LNG strategy, climate goals
The proposal calls out Shell’s plans to increase its sales of liquified natural gas and asks how the company justifies its ...
2d
on MSN
Shareholders' climate resolution challenges 'disconnect' in Shell's LNG strategy
Shell's plans to increase sales of liquefied natural gas (LNG) have been called into question by a by major group of ...
devdiscourse
2d
Shell Adjusts LNG Forecast Amid Market Fluctuations
Shell has reduced its fourth-quarter LNG production outlook to 6.8-7.2 million metric tons, down from previous estimates. Its ...
1d
Shell Faces Heavy Investor Scrutiny Over LNG Expansion Plans
SHEL faces investor backlash over concerns surrounding its LNG sales increase plan conflicting with its climate commitments.
Edie
2d
British investors ask Shell to justify how LNG expansion plans align with climate goals
Institutional investors urge Shell to justify its LNG growth strategy amid climate commitments concerns, emphasising transparency for responsible capital allocation.
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