Shell

ADNOC Distribution, the retail arm of ADNOC, is expanding gas stations in Africa, Southeast Asia, and parts of the Middle East and North Africa. The company prioritizes value-accretive acquisitions, citing a $1 billion South African deal and a potential Shell station takeover. CEO Bader Al Lamki emphasized financial performance, with EBITDA rising from $670 million to $1.16 billion since 2019.

ADNOC Distribution, the retail arm of Abu Dhabi's state oil company, acquired Shell's downstream business in South Africa for $1 billion, securing 580 gas stations and a 10% market share. The deal is part of ADNOC's broader strategy, which includes investments in a Texan LNG project, Argentinian gas blocks, and a $16.9 billion takeover of Covestro, as well as launching a global LNG trading platform targeting 47 million tonnes annually by 2035.

Adnoc is acquiring Shell's fuel stations in South Africa. The transaction involves South African fuel stations previously operated by Shell.

ELIFIN highlights a ±14-acre stabilized laydown yard in Geismar’s petrochemical corridor, surrounded by major operators like BASF, Shell, Westlake, OxyChem, and Air Liquide. The property, zoned HI for heavy industrial use, offers NNN leasing and is near major highways, Baton Rouge (37 minutes), and MSY Airport (45 minutes).

Adnoc, a UAE entity, has acquired Shell's South African fuels business for $1 billion, including 580 service stations and other assets. This marks Adnoc's latest overseas expansion.

Australia's liquefied natural gas (LNG) export industry, valued at A$92 billion, faces challenges as a Shell executive urges increased investment in natural gas production to avoid domestic energy shortages and sustain exports.

Shell is accused of misleading UK courts in a Nigeria pollution case. A long-running trial over environmental damage in the Niger Delta is set to begin next year.

Major banks are increasing financing for fossil fuel expansion and petrochemical projects, abandoning climate commitments. Reports show $508 billion in 2025 for fossil fuel development and $252 billion for petrochemical activities since 2019, enabling the industry’s shift to plastics and fertilizers.

ExxonMobil and QatarEnergy plan to start natural gas production by 2033 from two undersea deposits in Cyprus' exclusive economic zone, with gas likely transported via pipeline to Egypt for liquefaction. The deposits, Glaucus and Pegasus, hold an estimated 7 trillion cubic feet of gas, and the companies aim to expand exploration in the region.

Shell predicts liquefied natural gas (LNG) trade will remain flat in 2026 due to supply constraints linked to the Hormuz region. The article highlights supply challenges affecting the LNG market.

Raízen reported a $1.45 billion Q4 loss and a $5.37 billion full-safra loss. Shell and IG4 are considering Brazil's restructuring amid the company's financial struggles.

Sierra Leone granted exploration rights for four offshore oil blocks to Nigeria’s Marginal Energy to boost investor interest in the industry. The move follows agreements with Shell and Eni to explore over 20 oil blocks and aligns with rising investment in sub-Saharan Africa’s upstream oil and gas sector.

Twin earthquakes of magnitude 7.2 and 7.5 struck north-central Venezuela on June 24, the strongest in over a century, causing over 200 deaths and 1,500 injuries. Oil companies Chevron, Eni, Repsol, and Shell reported no damage to their Venezuelan operations, but the disaster is expected to impact the country's budget.

Danos has secured a multiyear contract to provide integrated warehousing and materials management services for Shell’s Gulf operations, expanding its logistics and supply chain portfolio. The contract includes a three-year base term with potential extensions, starting in June 2026, and involves managing warehouse operations, inventory, and maintenance for onshore and offshore facilities.

The oil industry in Pakistan protests a unilateral 18–20% fuel price cut by the government, citing estimated losses of Rs105 billion for refineries and marketing companies. Industry executives warn of potential bankruptcy for several OMCs amid policy instability and the exit of foreign firms like Shell and Chevron.

Raízen is selling its entire Argentina fuel business to trader Mercuria for over one billion dollars, a major step in its push to cut a heavy debt load.

Italy’s highest court acquitted two Milan prosecutors accused of withholding evidence in the prosecution of Eni and Shell over the OPL 245 oil deal in Nigeria, overturning an earlier conviction and ending a years-long legal battle.

Shell has appointed a new Nigerian country chair as it announces increased investment in Nigeria's oil and gas sector, reflecting the company's renewed confidence in the region.

Tanzania aims to sign a $42 billion LNG project host agreement by mid-2026, led by Equinor, Shell, ExxonMobil, and TPDC. The deal involves the development of Tanzania's liquefied natural gas resources.

A BP gas station near Detroit Metro Airport in Romulus is under investigation by Michigan Attorney General Dana Nessel for allegedly charging up to 72% more than competitors. The station, operated by William Bazzi of M-Twelve Fuels, LLC, has faced over 16 consumer complaints in 2025 and 2026, with recent prices as high as $5.89 per gallon for cash compared to nearby stations charging $3.48 to $4.07. Prices dropped to $5.14 per gallon after a confrontation with investigators.

IG4 has offered to buy Raizen's debt in an attempt to secure a majority stake. Raizen, supported by Cosan SA and Shell Plc, is facing challenges from high interest rates, weaker-than-expected harvests, and investments that have not yet generated significant returns.

Venezuela seeks to revive its oil industry as US licenses allow major firms like Chevron, BP, Eni, Repsol, and Shell to operate again in 2026. However, skilled engineers required to run oil fields have largely left the country, prompting companies such as Halliburton and Chevron to actively recruit them.

Venezuela granted Shell a license to explore and export natural gas, focusing on the Loran gas field, which has been abandoned for 23 years. Most of the field's deposits are located on the maritime border with Trinidad and Tobago, following a January law reform that opened the sector.

The US eased sanctions on Venezuela, allowing Western oil majors like Chevron, Shell, BP, Eni, Repsol, and Maurel & Prom to resume operations. Shell is advancing offshore gas projects, and service firms are returning as royalties and taxes must now flow.

Venezuela granted Shell a license for the first phase of exploration and exploitation of the Loran gas field, which includes seven reservoirs, six of which are transboundary with Trinidad and Tobago. Acting President Delcy Rodríguez signed the agreement at Miraflores Palace.

QatarEnergy and Shell announced a new oil discovery off the coast of Namibia. The discovery involves international energy companies and Namibia's offshore region.

A Shell gas station in Chicago's Belmont Gardens is selling gas at $1.99 per gallon on Tuesday. The price is described as cheap, offering a significant discount for consumers.

Drivers in Hermosa, Chicago, are lining up for a $1.99 gas promotion at a Shell station in partnership with T-Mobile, available from 9:30 a.m. to 2:30 p.m.

Shell operated a Nigerian pipeline for years despite evidence of pollution. The company claims the documents overlook the complex operating environment at the time.

Shell operated an oil pipeline in Nigeria for years despite evidence of pollution, according to documents. The company claims the documents overlook the complex operating environment at the time.

BP has removed its chairman, Albert Manifold, over governance and conduct issues, naming Ian Tyler as interim chair. The abrupt decision follows struggles with undervalued shares and ongoing recovery from the 2010 Deepwater Horizon disaster. The company faces potential takeover interest amid its shift toward renewable energy.

Raizen is seeking to win creditor support as bondholders hold out. The company is working to refuel at its distribution center in Sao Paulo. Raizen's efforts are crucial for its financial stability.

Europe delivers its best earnings in three years, but hurdles loom. The earnings are a positive sign for the European economy. However, challenges are expected to arise.

Two male patients were found injured in Los Angeles County and hospitals need help finding their families. One patient was found behind a Shell gas station in downtown LA. The patients are being treated at two different hospitals.

The oil market is short nearly 1 billion barrels due to the Iran war, and the situation worsens daily. The Strait of Hormuz remains closed, awaiting a potential deal between the U.S. and Iran to restore energy shipments. This shortage significantly impacts global energy supplies.

Shell's profits have surged by nearly a quarter due to the recent volatility in oil prices caused by the Iran war impact. The energy giant has benefited from the increased oil price. This surge in profits is a significant development for the company.

Shell's profits have increased due to the conflict in the Middle East, which has caused energy prices to rise. The company is benefiting from the higher energy prices. This surge in profits is a result of the current geopolitical situation.

Shell reports profits of $6.92bn for the first three months of the year due to rising oil prices caused by the Iran war. The energy giant's profits have increased as a result. This increase is attributed to the higher oil prices.

Former oil and gas industry leaders, including executives from BP and Shell, warn the Albanese government that fast-tracking fossil fuel projects could lead to higher energy costs and ongoing price shocks for Australians. They advocate prioritizing renewable energy to ensure liquid fuel security and consumer protection.

A British advertising conglomerate, WPP, is accused of breaching its climate policy by enabling US oil giants like ExxonMobil, Chevron, Shell, and BP to spend $1.5bn on climate-misleading ads since 2015. Analysis by DeSmog reveals WPP outspent its US rivals Omnicom and Interpublic Group in oil industry advertising.