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.
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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.