Shell Financial News

13.09 / 05:35
Citi MET Cooper SUN Shell show North Korea fires missiles toward sea as Kim travels Russia to meet Putin
President Vladimir Putin. That meeting underscores how the two leaders’ interests are aligning in the face of their separate, intensifying confrontations with the United States. The launch extended a highly provocative run in North Korean weapons testing since the start of 2022, as Kim used the distraction caused by Putin’s war on Ukraine to accelerate his weapons development.
13.09 / 03:49
IPO BLOCK Aviat CEO Shell Inside Vitol confirms 16pc sale of Viva Energy, calms rattled market
Viva Energy shares have collapsed nearly 10 per cent this week, after Dutch oil trading giant Vitol sold a 16 per cent stake in the Australian company which supplies a quarter of the nation’s fuel.
13.09 / 02:43
Citi MET Shell show Deal North Korea's Kim Jong Un visits Russia for potential arms deal with President Putin
President Vladimir Putin, a rare encounter between isolated leaders driven together by their need for support in escalating standoffs with the West. Kim is expected to seek economic aid and military technology for his impoverished country, and, in a twist, appears to have something Putin desperately needs: munitions for Russia’s grueling war in Ukraine. It’s a chance for the North Korean leader to get around crippling U.N.
13.09 / 01:57
Citi MET Shell show North Korea's leader is in Russia to meet Putin, with both locked in standoffs with the West
North Korea's Kim Jong Un rolled through Russia on an armored train Tuesday toward a meeting with President Vladimir Putin, a rare encounter between isolated leaders driven together by their need for support in escalating standoffs with the West. Kim is expected to seek economic aid and military technology for his impoverished country, and, in a twist, appears to have something Putin desperately needs: munitions for Russia's grueling war in Ukraine. It's a chance for the North Korean leader to get around crippling U.N. sanctions and years of diplomatic isolation.
12.09 / 22:03
IPO BLOCK Aviat UBS Shell Vitol launches $714m Viva Energy block trade; BoA, UBS nab roles
Oil trading giant Vitol launched a $714 million block trade in Viva Energy – worth 16.1 per cent of the company – after market close on Tuesday evening, as revealed by Street Talk.
12.09 / 13:05
UPS Action Assurant Chevron Shell Chevron ordered back to mediation over LNG dispute
Chevron and the Offshore Alliance of trade unions have been sent back to mediation ahead of a full bench hearing of the Fair Work Commission set for September 22 in a last-ditch effort to resolve the protracted industrial dispute that is threatening Australia’s LNG exports.
12.09 / 11:55
UPS Maxim Manufacturing Parke Shell country Arms, grains, diplomacy: What North Korea's Kim Jong Un and Vladimir Putin gain from each other
North Korea, Russia, and China on one side against South Korea, Japan, and the United States. In case North Korea chooses to supply arms to Russia, the already heavy Western sanctions against the country can intensify. The experts claim that Russia has everything, the troubled North Korean economy demands.
12.09 / 03:37
Fighting Apple Shell country Removal of additional tarrif on US products will hurt local economy, say Kashmir apple farmers
Kashmir have urged the government of India to reconsider its decision to remove additional duties on American products, including apples, walnuts and almonds, as this would adversely impact local farmers. The apple farmers have complained that the removal of additional tariff would negatively impact the local industry in J&K, Himachal Pradesh and Uttarakhand. It would result in huge losses for the local apple industry, which is already grappling with the economic stress in the wake of Covid-19 lockdowns and lesser crop production. “The government of India’s decision to remove additional duties on apples, walnuts and almonds will have a devastating effect on local growers in J&K already grappling with huge losses post 2019.
11.09 / 21:43
COST Manufacturing Parke Shell show stage Factbox-US offshore wind projects facing inflation headwinds
(Reuters) — The U.S. has no large-scale commercial wind farms in operation today, but President Joe Biden's administration aims to have 30 gigawatt (GW) installed by 2030 to help decarbonize the power sector and revitalize domestic manufacturing. The federal government has already approved several large-scale projects so far, with the first two — Vineyard Wind 1 and South Fork — expected to deliver first power by the end of this year, and about a few dozen projects are in different stages of development. Some 27 power offtake contracts totaling more than 17 GW had been signed by the end of May, according to a U.S. Department of Energy report published on Aug. 24. However, inflation, supply bottlenecks and higher financing costs have eroded profitability of many projects, forcing some to cancel the offtake agreements, while others are still seeking to renegotiate the terms, the report said.
11.09 / 15:59
Target Cooper Shell country Kim Jong Un enroute to meet Putin; US urges N Korea ‘not to sell Russia arms’
Russia’ as the latter embarks on a visit to Russia where he is expected to hold a highly anticipated meeting with President Vladimir Putin. The meet, as declared by Russia and North Korea on Monday, has sparked Western concerns about a potential arms deal for Moscow’s war in Ukraine.
11.09 / 14:55
MET Digital Interface Shell country Netherlands to enhance semiconductor industry around Bengaluru, study UPI: PM Mark Rutte
Karnataka government to enhance the semiconductor industry in Bengaluru, Prime Minister Mark Rutte said Monday. He was all praises for chief minister Siddaramaiah and deputy CM DK Shivakumar. “The Karnataka government isn’t just restating policies but is looking to make them more practical, implementation-wise,” he said.
11.09 / 12:13
FIVE BLOCK CEO Entertainment UBS Shell ECM teams eye monster Viva Energy block; fundies on high alert
Commodity trading juggernaut Vitol may be poised to jettison a chunk of its 40.85 per cent stake in ASX-listed fuel retailer and refiner Viva Energy.
11.09 / 07:53
Provident Cooper ExxonMobil Shell bass East coast gas commitments fail to ease shortfall worries
Producers of gas on the east coast have so far declared they have about between 188 and 237 petajoules of uncontracted gas for sale over the next two years, but the disclosure has failed to eliminate worries about declining supply that could mean shortages next winter.
11.09 / 01:37
Provident BLOCK Shell exclusive Ex-Andhra CM Chandrababu Naidu moved to Rajamundry Central jail
Telugu Desam Party (TDP) chief N Chandrababu Naidu reached Rajamundry central jail in the early hours of Monday after being remanded to judicial custody in a corruption case. According to the police, the former CM has been allotted an upper block in Sneha Wing of the jail to reside until further procedure alongside prisoner number 7691. The TDP chief's son Nara Lokesh and other party leaders also reached the central jail. East Godavari district police have imposed a prohibitory act in Rajamundry to maintain law and order in the area. Heavy police security has already been deployed at Rajamundry Central jail prior to the former CM's remand. A state bandh has been called by Telugu Desam Party (TDP) over the arrest of party chief on Monday. Naidu was sent to judicial custody till September 23 by the Anti-Corruption Bureau (ACB) court in Vijayawada in connection with an alleged Skill Development Corporation scam. Chandrababu Naidu was arrested by the Andhra Pradesh Criminal Investigation Department (CID) on Saturday in connection to an alleged corruption case. The case pertains to the establishment of clusters of Centers of Excellence (CoEs) in the state of Andhra Pradesh, with a total estimated project value of Rs 3300 crore, as per the officials. The agency officials also claimed that the alleged fraud has caused a huge loss to the state government in excess of Rs 300 crores. As per the CID, the investigation has revealed serious irregularities such as before any expenditure by private entities, the then state government provided an advance of Rs 371 crores, representing the entire 10 per cent commitment by the government. Most of the money advanced by the government was diverted to shell companies through fake invoices,
10.09 / 19:35
Provident ExxonMobil Southern Shell show bass East coast gas worries may resurface as producers show their hands
Worries about gas shortages on the east coast could resurface this week as producers publish forecasts for the volume of uncommitted gas they have available over the next two years, with expectations they will expose a potential scarcity of supply.
10.09 / 19:13
UPS Provident Manufacturing Fighting Remark Shell country Arsenal Russia is turning to old ally North Korea to resupply its arsenal for the war in Ukraine
Russia needs to replenish its supplies of ammunition for what could be a long war of attrition after a year and a half of fighting in Ukraine
10.09 / 18:41
Citi Provident CEO Coherent Shell life sciences Motilal Oswal buys 12-storey tower in Ahmedabad from Claris Life Sciences
Motilal Oswal Financial Services (MOFSL) has acquired an entire standalone commercial tower with 12 upper floors spread over nearly 1,10,000 sq ft in the financial hub of Ahmedabad from Claris Life Sciences to support its growth and expansion plan. The property spread over 0.56 acres will house Motilal Oswal Tower, which is the company's third such property after its independent commercial towers in Mumbai and Bengaluru. The company has acquired the brownfield project on Ahmedabad's Sindhu Bhavan Road in bare shell condition. The financial services major will now take the construction ahead and expects to complete the project latest by September 2024. «We have our offices spread over various locations in Gujarat,» Motilal Oswal, group MD & CEO, Motilal Oswal Financial Services, told ET.
10.09 / 14:59
Citi Target FIVE Instagram Shell Inside foreign Russian strikes on Ukraine kill 2 foreign aid workers and target Kyiv
Two foreign aid workers have reportedly been killed in eastern Ukraine when Russian shelling hit a van carrying a team of four working with a Ukrainian NGO
10.09 / 14:05
UPS Provident Citizens Shell Chandrababu Naidu sent to judicial custody till September 22
Chandrababu Naidu to judicial custody in Skill Development Corporation scam case till September 22. Vijayawada ACB court Judge Himabindu read out the judgment on former CM Chandrababu's case after a long lengthy arguments and day-long tension. The Telugu Desam Party (TDP) supremo, who was arrested by the Crime Investigation Department (CID) on Saturday morning, is likely to be shifted to Rajahmundry Central Jail. The court order came as a big setback to TDP, whose leaders were expecting a favourable judgment.
10.09 / 10:19
Provident Career CEO Shell show AP Skill Development Scam: 'Hope justice prevails', Zoho CEO Sridhar Vembu supports arrested TDP chief Chandrababu Naidu
AP Skill Development Corruption Case: Sridhar Vembu, CEO of Zoho Corporation has extended his support for Chandrababu Naidu who was arrested in an alleged ₹371 crore scam in the AP Skill Development Corporation during 2014-2019. In a post on X (formerly Twitter), Vembu wrote, “I was shocked to read that Shri Chandrababu Naidu-ji was arrested yesterday. I know him and he worked so hard to bring so many companies, including Zoho, to Andhra Pradesh.

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