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WAEL SAWAN
NIIF in talks with Temasek, leads race for $1.7 bn Sprng Energy buyActis, AV Birla Group & KKR are other contenders in fray, binding bids in coming days.- Europe is in dire straits, could run out of fuel within weeks as Iran war continuesEurope fuel shortage April 2026 risk is rising as oil prices swing near $100 after touching $114 earlier this week. Supply disruption throu...
- Actis 'Sprngs' a surprise, enters race to re-acquire co from ShellActis LLP is making a move to buy back Sprng Energy from Shell. This clean energy platform was originally set up by Actis. Other major play...
- China doubles down on domestic oil and gas output with $470 billion investmentChina is boosting its domestic oil and gas production. This move aims for energy self-reliance. The nation is investing heavily in drilling...
- LNG is Shell's top contribution to energy industry over next decade, CEO saysShell CEO Wael Sawan says liquefied natural gas will be the company's main contribution. He believes LNG helps reduce global emissions. Saw...
- Shell denies it is in takeover talks with BPShell has refuted reports of takeover discussions with BP, emphasizing its focus on internal value capture through performance, discipline,...
- BP Shell merger: Is the biggest merger ever in oil and gas industry happening? Check market cap, debt, valuationBP was valued at nearly $80 billion on Wednesday with net debt of $27 billion while Shell's market capitalisation stood at more than $208 b...
- Devil's in the details: Why BP's debt may deter a buyerBP faces takeover talks due to underperforming shares. However, its debt profile raises concerns. The company's liabilities exceed its decl...
- Warning: Oil giant fears massive disruption if Hormuz shuts amid Iran-Israel conflictShell warns that escalating tensions between Israel and Iran, potentially disrupting the Strait of Hormuz, could severely impact global tra...
- bp drops oil output target in strategy reset, sources sayBP has scrapped its 2030 oil and gas production cut target under CEO Auchincloss, opting to focus on profitable oil and gas investments in ...
- Shell plans wide cuts in oil exploration division, sources say to ReutersShell is planning to reduce its oil and gas exploration and development workforce by 20% as part of a cost-saving initiative led by CEO Wae...
- Shell Q1 Results: Company smashes forecasts with $7.7 billion quarterly profitShell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refin...
- Shell to cut about 20% of jobs in deals team amid push for cost savings“Shell aims to create more value with less emissions by focusing on performance, discipline and simplification across the business,” a spok...
- Shell's vision aligns with that of PM Modi for India's energy sector, says chief executive officer Wael SawanIn an interview with ET, Shell CEO Wael Sawan expressed concerns about rising political and social polarization worldwide, citing its impac...
- Security shields shell CEO as climate protesters storm AGMSecurity staff shielded Shell CEO Wael Sawan and company directors as climate protesters tried to take to the stage at the energy giant's a...
- Shell profit more than doubles to record $40 bn; co boosts dividend by 15%The British company's record earnings, which more than doubled from a year earlier and is its highest in 15yrs, mirror those reported by US...
- Shell picks Wael Sawan as new CEO after Ben van Beurden decides to step down. Details hereBen van Beurden, the current CEO of Shell, will step down at the end of the year to be replaced by gas chief Sawan. Ben van Beurden has wor...
- Shell says CEO stepping down at end of 2022Van Beurden, who will have been at the helm for nine years, will be succeeded by the head of integrated gas, renewables and energy solution...
- Shell to acquire Sprng Energy for $1.5 billionAn important part of this strategy is to develop a best-in-class integrated power business, which will help Shell to reach its target of be...
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