Shell, Venezuela
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Talks to rescue Brazilian sugar and ethanol producer Raizen collapsed after co-owners Shell and Cosan failed to agree to a plan to raise capital.
Venture Global shares jumped more than 8% on Tuesday, hitting their highest level since October 10, after a New York court rejected Shell's bid to overturn an arbitration award in the U.S. LNG developer's favor.
The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.
Upstream reported last September that Shell was eyeing the divestment of its one-sixth interest in the NWS project, which could be worth more than US$3 billion, and Bloomberg on Wednesday named two potential buyers.
The Shell Starship (photo), powered by a Cummins X15N natural gas engine and lubricated with Shell Rotella natural gas engine oil, debuted in the NTT INDYCAR SERIES in 2025.
The U.S.-Israeli conflict with Iran presents Brazil with an "enormous opportunity" to attract investments to develop its oil assets, Shell's CEO in the country told reporters on Tuesday.
Paramount President Jeff Shell did not join Monday's conference call to discuss the company's merger with Warner Bros. Discovery.
SHEL plans a $668M lifeline for Raizen as rescue talks collapse, raising stakes in Brazil's sugar-ethanol giant and reshaping the joint venture's future.