Shell Greenlights Bonga North Deep-Water Project, Targeting 110,000 Bpd Output
Bonga North Project Investment: Shell PLC's Nigerian subsidiary SNEPCo has made a final investment decision for the Bonga North deep-water project, which will involve drilling 16 wells and is expected to sustain production at the Bonga facility with peak output of 110,000 barrels of oil per day.
Strategic Alignment and Market Impact: The development is projected to exceed Shell's Upstream business hurdle rate, aligning with its strategy for performance through technical expertise and near-field opportunities, while SHEL shares are currently down 0.25% in premarket trading.
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Shell Greenlights Bonga North Deep-Water Project, Targeting 110,000 Bpd Output
Bonga North Project Investment: Shell PLC's Nigerian subsidiary SNEPCo has made a final investment decision for the Bonga North deep-water project, which will involve drilling 16 wells and is expected to sustain production at the Bonga facility with peak output of 110,000 barrels of oil per day.
Strategic Alignment and Market Impact: The development is projected to exceed Shell's Upstream business hurdle rate, aligning with its strategy for performance through technical expertise and near-field opportunities, while SHEL shares are currently down 0.25% in premarket trading.
Shell Wins Appeal Against Landmark Climate Ruling, Dodging Major Emission Cut Mandate
Shell's Climate Ruling Appeal: Shell PLC shares fell after winning an appeal against a Dutch court ruling that mandated significant emissions cuts, which had previously required a 45% reduction by 2030 relative to 2019 levels.
Investment in Low-Carbon Solutions: Despite the ruling, Shell reaffirmed its commitment to becoming a net-zero emissions energy business by 2050 and plans to invest $10 billion-$15 billion in low-carbon energy solutions from 2023 to 2025, having already invested $5.6 billion in 2023.
This biotech ETF sees ‘breakout’ while U.S. small-cap technology stocks lag
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Shell Greenlights Bonga North Deep-Water Project, Targeting 110,000 Bpd Output
Bonga North Project Investment: Shell PLC's Nigerian subsidiary SNEPCo has made a final investment decision for the Bonga North deep-water project, which will involve drilling 16 wells and is expected to sustain production at the Bonga facility with peak output of 110,000 barrels of oil per day.
Strategic Alignment and Market Impact: The development is projected to exceed Shell's Upstream business hurdle rate, aligning with its strategy for performance through technical expertise and near-field opportunities, while SHEL shares are currently down 0.25% in premarket trading.
Shell Wins Appeal Against Landmark Climate Ruling, Dodging Major Emission Cut Mandate
Shell's Climate Ruling Appeal: Shell PLC shares fell after winning an appeal against a Dutch court ruling that mandated significant emissions cuts, which had previously required a 45% reduction by 2030 relative to 2019 levels.
Investment in Low-Carbon Solutions: Despite the ruling, Shell reaffirmed its commitment to becoming a net-zero emissions energy business by 2050 and plans to invest $10 billion-$15 billion in low-carbon energy solutions from 2023 to 2025, having already invested $5.6 billion in 2023.
This biotech ETF sees ‘breakout’ while U.S. small-cap technology stocks lag
Xtrackers by DWS Launches its First Active ETF: NRES
