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Shell plc (NYSE:SHEL) and PetroChina's joint venture, Arrow Energy, will develop Phase 2 of the Surat Gas Project in Queensland, Australia. The project aims to add 22,400 barrels of oil equivalent per day at peak production by 2026. Shell's QCLNG facility will receive the gas to meet long-term contracts and domestic demand. Shell stock has gained around 16% in the last 12 months, and investors can gain exposure via Direxion Hydrogen ETF (NYSE:HJEN) and VanEck Natural Resources ETF (NYSE:HAP).

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 9:51 am

Shell plc (NYSE:SHEL) has updated its Q2 FY24 outlook, expecting non-cash post-tax impairments of $1.5 – $2 billion and pausing its biofuels project in Rotterdam. The company revised its production and sales volume guidance across various segments. SHEL shares are trading higher premarket.

Portfolio Pulse from Lekha Gupta

July 05, 2024 | 3:01 pm

Shell plc (NYSE:SHEL) has temporarily paused construction at its biofuels facility in Rotterdam to review project economics and optimize future competitiveness. This move is part of Shell's broader strategy to achieve net-zero emissions by 2050. The decision will lead to a reduction in on-site contractors and a slowdown in activities, contributing to cost control. Shell will also conduct an impairment review for the project. The stock has gained around 20% in the last 12 months, and investors can gain exposure via the Direxion Hydrogen ETF (NYSE:HJEN) and the VanEck Natural Resources ETF (NYSE:HAP).

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 10:26 am

Shell's Canadian unit has made a Final Investment Decision (FID) for the Polaris carbon capture project at the Shell Energy and Chemicals Park in Scotford, Alberta. The project aims to capture 650,000 tonnes of CO2 annually and reduce Scope 1 CO2 emissions by up to 40% at the Scotford refinery. Shell also announced an FID for the Atlas Carbon Storage Hub in collaboration with ATCO EnPower, which will store CO2 from the Polaris project. Both projects are expected to start operations by the end of 2028. Shell aims to become a net-zero emissions energy business by 2050 and plans to invest $10-$15 billion in low-carbon energy solutions from 2023-2025. Shell's stock has gained over 18% in the last 12 months.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 4:45 pm

Plug Power, Inc. (NASDAQ:PLUG) announced it has exceeded 7.5 gigawatts in global Basic Engineering and Design Package (BEDP) contracts within two years. Despite this achievement, PLUG stock has lost over 73% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:HYDR) and Direxion Hydrogen ETF (NYSE:HJEN). Plug Power also secured industry certification for its high-powered stationary system and a 25 MW order for PEM electrolyzer systems for a European customer.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 1:57 pm

Shell Eastern Trading Pte. Ltd., a subsidiary of Shell PLC (NYSE:SHEL), has acquired Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., a Temasek entity. This acquisition enhances Shell's LNG operations, aligning with its growth plans and increasing its LNG capacity. The deal is expected to finalize by Q1 2025, pending regulatory approvals.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 9:22 am

Plug Power (NASDAQ:PLUG) shares fell 6% following a call for a government investigation into a $1.66 billion loan guarantee. Concerns were raised about potential conflicts of interest and the company's financial stability. The stock has lost over 29% in the last six months.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 4:00 pm

Shell and Exxon Mobil are nearing a $500 million deal to sell their jointly-owned gas fields in the southern North Sea to Viaro Energy. This move marks Exxon's complete exit from the North Sea and continues the trend of major oil companies retreating from the region. Shell's stock has gained 24% in the last 12 months, and investors can gain exposure through ETFs like Direxion Hydrogen ETF and VanEck Natural Resources ETF.

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 4:41 pm

Shell expects its Australian LNG supplies to meet rising demand in south and southeast Asia, driven by decarbonization and declining domestic production. Key markets include the Philippines, Thailand, Vietnam, and Bangladesh. Asian spot LNG prices have surged due to hot weather. Shell's stock has gained 18% in the last 12 months.

Portfolio Pulse from Lekha Gupta

May 22, 2024 | 4:58 pm

Shell shareholders have rejected a climate resolution proposed by an activist group, with only 18.6% support. Instead, Shell's energy transition strategy for 2024 received overwhelming support from 78% of shareholders. The resolution aimed to align Shell's carbon reduction targets with the Paris Climate Agreement. Shell has faced scrutiny over its energy transition strategy, particularly after adjusting its 2030 carbon reduction target in March. Shell stock has gained more than 19% in the last 12 months. Investors can gain exposure to Shell via Direxion Hydrogen ETF (HJEN) and VanEck Natural Resources ETF (HAP).

Portfolio Pulse from Shivani Kumaresan

May 21, 2024 | 4:57 pm

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