Shell's U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects under CEO Wael Sawan. Investment bank Jefferies is running the sale of up to 10.6 gigawatts (GW) of solar generation and storage assets currently in development, or parts of those projects, according to the document sent to potential investors and seen by Reuters. Spokespeople for Shell and Jefferies declined to comment.
Transaction in Own Shares 28 February, 2024 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 28 February 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paid Lowest price paid Volume weighted average price paid per shareVenueCurrency28/02/20241,160,800 £24.7900£24.5300£24.6655LSEGBP28/02/2024- £0.0000£0.0000£0.0000Chi-X (CXE)
Local activists and international environmental groups want Nigeria's government to delay approving the sale of oil company Shell's onshore assets, claiming Shell is trying to shirk its environmental and social responsibilities in the highly polluted Niger Delta. The London-based company is trying to sell its subsidiary Shell Petroleum Development Company — which operates its onshore assets in the delta — to Renaissance Africa Energy Company, a consortium of local companies.