Latest news with #ShellSHEL
Wall Street Journal
07-04-2025
- Business
- Wall Street Journal
Shell Lowers Gas Production Guidance After Unplanned Maintenance Hit Volumes
Shell SHEL -6.97%decrease; red down pointing triangle lowered its integrated gas production estimate for the first quarter as volumes were hit by unplanned maintenance. The London-based energy giant said Monday that maintenance in Australia, among other regions, means that gas production in the quarter should be between 910,000 and 950,000 barrels of oil equivalent a day, from a previous estimate of 930,000 to 990,000 barrels.
Wall Street Journal
04-04-2025
- Business
- Wall Street Journal
Shell to Sell Its Interest in Colonial Enterprises to Brookfield for $1.45 Billion
Shell SHEL -4.05%decrease; red down pointing triangle said it would sell its 16.125% stake in Colonial Enterprises to Brookfield Infrastructure Partners for $1.45 billion as it continues to simplify is portfolio. The British energy major said the sale is subject to regulatory approvals but is expected to complete in the fourth quarter of the year. Shell said the divestment continues to simplify its portfolio and would enable it to refocus on areas where it has scale and competitive advantage. Colonial Enterprises operates and fully owns Colonial Pipeline Company, which provides oil products transportation services from the U.S. Gulf Coast to the U.S. Atlantic Seaboard. It also owns the Colonial Marketing Company. The stake was sold to Colossus AcquireCo, which is a subsidiary of Brookfield Infrastructure Partners BIP -2.15%decrease; red down pointing triangle. Write to Adam Whittaker at
