In Short : Shell has revived plans to sell its renewable arm, Sprng Energy, and is preparing a full exit from India’s clean energy sector. The company has appointed Barclays to manage the sale process, covering Sprng’s 5 GW wind and solar portfolio. Shell acquired Sprng from Actis in 2022 for $1.5 billion, but earlier […]
Shell Plc exploring sale of 1GW renewable energy assets in India: Report – EQ
In Short : Shell Plc is reportedly exploring the sale of its 1GW renewable energy assets in India. This move comes as part of the company’s broader strategy to streamline its global portfolio and focus on more profitable ventures. The assets under consideration include solar and wind energy projects, reflecting Shell’s ongoing evaluation of its […]
Shell agrees to sell partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners – EQ
In Short : Shell has reached an agreement to sell a partial ownership stake in two U.S.-based renewable energy projects to InfraRed Capital Partners. This transaction reflects Shell’s ongoing efforts to optimize its portfolio and align with strategic priorities, potentially supporting the growth of renewable energy initiatives through collaboration with InfraRed Capital Partners. In Detail […]
Shell seeks partners for renewable assets in India – EQ
LONDON : Shell is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng Energy, the oil major said in a statement to Reuters on Thursday. The move is part of Shell CEO Wael Sawan’s plan to improve the British energy company’s performance and improve the returns of its assets. […]
Shell to invest $10-15 bn to develop low-carbon energy solutions – EQ Mag
Shell is set to provide an update to investors regarding its strategy aimed at generating more value while minimizing emissions. The company aims to deliver higher returns to shareholders through a balanced energy transition. Shell’s CEO, Wael Sawan, emphasized their commitment to investing in secure energy supplies for the present and future, while simultaneously positioning […]
Shell boosts dividend, steadies oil output in new CEO plan – EQ Mag
Shell (SHEL.L) will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. In a new financial framework announced ahead of an investor conference in New York starting at 1230 GMT, […]
Shell to use new AI technology in deep sea oil exploration – EQ Mag
NEW YORK : Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition’s AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil […]
India To Be Key Destination For Energy Transition Gear In 5 Years – EQ Mag
Shell, India will become a key location for sourcing energy transition equipment in five years. As the businesses expand, the country will also employ the most Shell workers globally. Throughout its gasoline retail, petrol, lubricant, and technology divisions, Shell employs 11,000 people in India. Employees at the IT centre are trying to create digital twins […]
Energy major Shell says it’s ahead of the curve in terms of carbon intensity – EQ Mag
Multinational energy company Shell said Thursday it met its 2022 target for emissions, which were down about 30% relative to a 2016 benchmark. Shell in a progress report on its energy transition strategies showed it met its goals in its progress toward becoming a “net-zero emissions energy business” by 2050. “I am especially proud of […]
Pilipinas Shell, SUN Mobility to Bring Advanced Battery Swapping Technology for Electric Mobility to the Philippines – EQ Mag
SUN Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), has announced that it has recently signed a strategic agreement with the Pilipinas Shell Petroleum Corporation. The partnership will explore the pilot deployment of SUN Mobility’s advanced battery-swapping technology in the Philippines for 2 and 3-wheel electric vehicles. The partnership supports […]
