Shell PLC
Germany requires control of Russian-owned refinery
PCK Schwedt oil refinery in Schwedt, Germany on Monday, May 9, 2022. Krisztian Bocsi | Bloomberg | Getty Images The German subsidiary of Russian oil large Rosneft was positioned under trusteeship on Friday, giving Germany’s federal regulator manage of the PCK refinery in Schwedt, a key resource of gas for the city of Berlin. Rosneft […]
Read More
Siemens commissions 1 of the greatest inexperienced hydrogen output plants in Germany
A Siemens symbol in Germany. The industrial large states that a recently commissioned green hydrogen plant in the country will use wind and solar energy from the Wunsiedel Vitality Park. Daniel Karmann | Image Alliance | Getty Photos A eco-friendly hydrogen technology plant explained as just one of the greatest in Germany is open up, […]
Read More
Shell CEO Ben van Beurden to step down, renewables manager Wael Sawan to take the helm
Wael Sawan will develop into Shell’s next main govt on Jan. 1. Ina Fassbender | Afp | Getty Photos Oil huge Shell on Thursday declared that CEO Ben van Beurden will move down at the conclude of the 12 months soon after nearly a 10 years at the helm. Wael Sawan, presently Shell’s director of […]
Read More
Shares generating the major moves premarket: Lululemon, Broadcom, Starbucks and extra
In this post PD BBBY SBUX LULU AVGO SHEL-GB watch now Video1:2901:29 News Update – Pre-Marketplaces Information Briefing Test out the firms producing headlines in advance of the bell: Lululemon (LULU) – Lululemon rallied 9.5% in the premarket after reporting superior-than-predicted quarterly outcomes and issuing an upbeat outlook. The athletic apparel and leisurewear maker reported […]
Read More
Shell’s CEO van Beurden prepares to phase down next calendar year: Resources
Ben van Beurden, Shell CEO Mary Catherine Wellons | CNBC Shell has shortlisted four candidates to triumph Main Executive Ben van Beurden who is planning to stage down subsequent calendar year following almost a decade at the helm of the giant electricity business, two corporation sources instructed Reuters. All through his tenure van Beurden oversaw Shell’s […]
Read More
These worldwide stocks could do perfectly in a recession and glance low-priced, say Morgan Stanley and UBS
Economic downturn risks are rising after extra, as Wall Street’s summertime rally fizzles at the prospect of a lot more interest fee hikes. On Monday, U.S shares had their worst working day considering the fact that June. The key averages all shut down decreased, with all 11 S & P 500 sectors closing decreased in […]
Read More
A pilot project in the North Sea will develop floating solar panels that glide over waves ‘like a carpet’
Floating solar panels in the Netherlands. A number of major energy firms are looking into the potential of combining floating solar with other energy sources. Mischa Keijser | Image Source | Getty Images German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North […]
Read More
Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery
On Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector. Ina Fassbender | AFP | Getty Images Plans to build a major hydrogen plant in the Netherlands will […]
Read More
Dan Yergin explains why oil prices are falling despite tight supply, Russia tensions
Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia’s war in Ukraine. Oil prices had been increasing since last year, spiking to highs after Russia launched an unprovoked war on Ukraine. But since the end […]
Read More
Morgan Stanley says investors can weather a ‘prolonged storm’ with these global stocks
European companies have never been richer, according to Morgan Stanley , and are ready to splash the cash — including distributing part of it to shareholders. The Wall Street bank has named a raft of stocks that have strong balance sheets and resilient cash flows and are set to return excess cash to shareholders through […]
Read More