Shell presses ahead with $7bn buyback

2022/01/07 11:44:00

Shell presses ahead with $7bn buyback

Shell presses ahead with $7bn buyback

Programme to continue ‘at pace’ despite a slowdown in fuel demand due to Omicron

Ron BoussoPicture: BLOOMBERGLondon — Royal Dutch Shell said on Friday its $7bn share buyback programme, of which $1.5bn has been completed, will continue “at pace” despite a slowdown in fuel demand due to the Omicron Covid-19 variant.Shell, the world’s largest trader of liquefied natural gas (LNG), said its production and liquefaction volumes were affected in the fourth quarter by unplanned maintenance, mainly in Australia, where its flagship Prelude floating LNG vessel was hit by a power outage.

Read more:
Business Day »

WATCH | Eskom not ruling out Stage 8 power cuts

Eskom has confirmed Stage 6 blackouts will continue until Friday, thereafter Stage 5 until Saturday. Read more >>

No fans for football I Five takeaways from the first PSL press conference | CitypressExpectations were that there would be updates on the matter involving Kaizer Chiefs’ failure to honour two league fixtures last month, but there remains many unanswered questions. When and time is the Press conference? I always hated bitcoin and thought it was a scam, till I met AMBREYMARCUS1, I made my first successful withdrawal of $70,000 thanks to AMBREYMARCUS1 now am financially stable.. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas3 on Twitter He guides me through and i made a return of R15500 after a week of trading, connect with him

Nigerian oil firms to vie for Shell’s oil assets in the country, sources sayNo international oil companies are expected to take part in the bidding process at this point, the sources say

State capture report handover to go ahead as court challenge failsThe formal handover of the state capture report to President Cyril Ramaphosa will proceed as planned on Tuesday afternoon.

Golden Globes to go ahead without audience or TV broadcast this Sunday | ChannelA stripped-down Golden Globes will go ahead with no audience or media, as the event traditionally known as Hollywood's biggest party reels from an industry boycott.

ANC NEC meets ahead of January 8 celebrationsThe ANC national executive committee will on Thursday meet to finalise the January 8 statement expected to be delivered by President Cyril Ramaphosa on Saturday. Voetseeeeeek ANC!

Trump slams Biden for using his name 'to try to further divide America'Trump, who earlier this week cancelled a planned press conference for the anniversary, repeated his claim that the election was 'rigged'. Although Biden made reference to the US former President 16x, he never mentioned his name.

07 January 2022 - 10:08 Ron Bousso Picture: BLOOMBERG London — Royal Dutch Shell said on Friday its $7bn share buyback programme, of which $1.SPORT The PSL held its first press conference of 2022 on Wednesday morning.06 January 2022 - 16:37 Ron Bousso Picture: REUTERS London — At least five Nigerian oil and gas companies are preparing to submit bids in January for Royal Dutch Shell’s onshore oilfields in a sale that could fetch up to $3bn, three sources involved in the process told Reuters.The application by the Democracy in Action group to block it was struck from the roll by the Johannesburg high court.

5bn has been completed, will continue “at pace” despite a slowdown in fuel demand due to the Omicron Covid-19 variant. Shell, the world’s largest trader of liquefied natural gas (LNG), said its production and liquefaction volumes were affected in the fourth quarter by unplanned maintenance, mainly in Australia, where its flagship Prelude floating LNG vessel was hit by a power outage. READ:  Here are the main highlights of the conference: Interim prosecutor unveiled Khoza officially announced the appointment of advocate Zola Majavu as the interim PSL prosecutor until the end of the season. In a trading update, Shell said LNG results in the fourth quarter of 2021 are set to be “significantly higher” than the third quarter. Shell operates SPDC (Shell Petroleum Development Company of Nigeria) and holds a 30% stake in the venture. Natural gas and electricity prices around the world have soared since the middle of last year on tight gas supplies and higher demand as economies rebounded from the Covid-19 pandemic. Majavu returns for his second stint as the sheriff-in-chief of the league, having worked there from 2002 to 2011, when he became the chief executive. Benchmark European gas prices and Asian LNG prices hit record highs in the fourth quarter.

Reuters . As an executive committee, we have resolved that there should be no cases on the conveyor belt by the end of the season. The sale has drawn interest from independent Nigerian oil and gas firms including Seplat Energy, Sahara Group, Famfa Oil, Troilus Investments Limited and Nigeria Delta Exploration and Production (NDEP), the sources said.