Trends - Shell - Business Recorder

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Belgium’s Ontex completes divestment of business in Pakistan

Ontex Group NV, a Belgian developer and producer of care products and solutions, on Monday announced that it has...

Updated 03 Jun, 2024 07:57pm

Editorials

An MNC’s warning and FDI troubles

EDITORIAL: In a highly troubling development, one of the oldest multinational companies (MNCs) operating in the...

Published 01 Jun, 2024 06:59am

Markets

Shell earns $1 billion a year from US crude trading, court filing shows

HOUSTON: Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held...

Published 29 Apr, 2024 12:50pm

Markets

Shell sees significantly lower Q1 LNG trading results

LONDON: Shell said on Friday it expects significantly lower results from its liquefied natural gas trading business...

Published 05 Apr, 2024 12:17pm

Business & Finance

PRL, Air Link withdraw intention to buy 77.42% shares, control of Shell Pakistan

Pakistan Refinery Limited (PRL) and Air Link Communication Limited (Air Link) have announced their withdrawal from...

Updated 03 Apr, 2024 10:34pm

Markets

Sale of petroleum products inches up 4%, signals some stability

Sale of total petroleum products in Pakistan clocked in at 1.15 million tons in March, an increase of 4%...

Updated 02 Apr, 2024 11:48pm

Business & Finance

Shell shakes up climate targets, sparking backlash

LONDON: UK oil and gas giant Shell on Thursday watered down key targets on cutting carbon emissions, sparking anger...

Published 28 Mar, 2024 06:30am

Markets

Shell to cut about 20% of jobs in deals team: Bloomberg News

Oil major Shell is planning to cut at least 20% of jobs in its deals team, in an effort to reduce costs, Bloomberg...

Published 13 Mar, 2024 03:46pm

Business & Finance

World demand for LNG jumps 50pc by 2040: Shell

LONDON: British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more...

Published 15 Feb, 2024 05:39am

Markets

Shell expects 50% rise in global LNG demand by 2040

LONDON/SINGAPORE: Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as...

Published 14 Feb, 2024 02:46pm

Markets

Shell resumes oil supply to Nigeria’s state refinery ahead of restart

LAGOS: Shell Plc’s Nigeria unit said on Friday it has resumed supply of crude oil from its Bonny export terminal to...

Published 09 Feb, 2024 04:55pm

Markets

Sale of total petroleum products dip 4% YoY

Sale of total petroleum products in Pakistan clocked in at 1.38 million tons in January, a decline of 4%...

Updated 02 Feb, 2024 04:12pm

Markets

Shell annual profit more than halves to $19.4bn

LONDON: Shell said Thursday that profit more than halved in 2023 on lower oil and gas prices, after rocketing to a...

Published 01 Feb, 2024 03:08pm

Business & Finance

Shell suspends all Red Sea shipments: WSJ

British oil major Shell suspended all shipments through the Red Sea indefinitely after US and U.K. strikes on...

Updated 16 Jan, 2024 09:47pm

Markets

Shell agrees to sell its Nigeria onshore oil business for $2.4bn

LONDON: Shell has agreed to sell its Nigerian onshore oil and gas subsidiary in Nigeria to Renaissance, a consortium...

Published 16 Jan, 2024 03:10pm

Business & Finance

Shell delivers KEBCO oil to Poland’s Gdansk for Germany’s Schwedt refinery

MOSCOW: Shell delivered seaborne cargo of Kazakh KEBCO crude for its share in Germany’s Schwedt refinery via...

Published 26 Dec, 2023 04:30am

Markets

Shell eyes $6bn in Nigeria offshore, gas investments

ABUJA: Oil giant Shell sees $6 billion in investment opportunities in Nigeria, especially in offshore, gas and...

Published 11 Dec, 2023 06:41am

Business & Finance

Shell Pakistan hosts 10th Tameer Awards

KARACHI: Shell Pakistan Limited hosted the finale of the 10th Tameer Awards 2023 at Shell House to recognize the...

Published 04 Nov, 2023 06:00am

Markets

Shell reports $6.2bn third-quarter profit, boosts buybacks

LONDON: Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher...

Published 02 Nov, 2023 01:14pm

Markets

SPCo, WAFI Energy execute SPA for acquisition of Shell Pakistan Limited

Completion of transaction subject to issuance of public offer by WAFI Energy, receipt of requisite approvals, and satisfaction of other closing formalities

Updated 01 Nov, 2023 04:37pm

Markets

Saudi Arabia’s WAFI Energy eyes acquisition of Shell Pakistan Limited

WAFI Energy LLC is a fast-growing retail gas station network and sole licensee of Shell Retail Network in Saudi Arabia

Updated 31 Oct, 2023 10:34pm

Markets

TotalEnergies says Qatar LNG flows could be diverted from Europe

PARIS: TotalEnergies said on Thursday that liquefied natural gas (LNG) deliveries covered by a 27-year deal it ...

Published 27 Oct, 2023 05:16am

Business & Finance

Qatar supplies gas to Europe, vying with US to replace Russia supply

DUBAI: Qatar has agreed to supply Shell in the Netherlands with gas for 27 years, the second such deal with a...

Published 19 Oct, 2023 05:10am

Markets

QatarEnergy, Shell agree 27-year LNG supply

DUBAI: Qatar has further expanded its long-term gas supply to Europe, reaching a supply deal with the Netherlands to...

Updated 18 Oct, 2023 12:55pm

Business & Finance

Shell receives intention of 77.42pc voting shares

KARACHI: Shell Pakistan Limited has received firm intention from Prax Overseas Holdings Limited to acquire control ...

Published 17 Oct, 2023 05:51am

Markets

Prax Overseas Holdings looks to acquire majority stake, control of Shell Pakistan

AKD Securities, manager to the offer, submits public announcement of intention

Updated 16 Oct, 2023 10:49pm

Markets

Saudi Aramco exploring potential bid for Shell’s Pakistan unit: report

Saudi Aramco is exploring a potential bid for Shell Plc’s assets in Pakistan, reported Bloomberg, citing people...

Published 14 Oct, 2023 12:00am

Buying two second-hand vessels: PPRA decides to recommend govt give exemption to PNSC

ISLAMABAD: The Board of Public Procurement Regulatory Authority (PPRA) headed by Secretary Finance, has quizzed...

Updated 12 Oct, 2023 09:55am

Markets

Shell seeks partners for renewable assets in India

LONDON: Shell is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng...

Published 21 Sep, 2023 05:05pm

Markets

PRL, Air Link look to acquire majority stake, control of Shell Pakistan

Next Capital, manager to the offer, submits public announcement of intention

Updated 17 Jul, 2023 02:52pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 10	278.57
USD PKR Interbank Buying / Jun 10	278.37
USD to Japanese Yen / Jun 10	157.01
USD to Swiss Franc / Jun 10	0.90
Pound Sterling to USD / Jun 10	1.27
Euro to USD / Jun 10	1.08

Stock	Volume
S&P 500 / Jun 10	5360.79
India Sensex / Jun 10	76490.08
Tokyo Nikkei / Jun 10	38038.16
Nasdaq / Jun 10	17193.59
Hang Seng / Jun 10	18366.95
FTSE 100 / Jun 10	8228.48
Dow Jones / Jun 10	38868.04
Germany DAX 30 / Jun 10	18494.89

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	19935
Petrol/Litre / Jun 10	268.36
Crude Oil USD/Barrel / Jun 10	77.74
Gold 10 Grams PKR / Jun 10	205247
Gold Spot USD/Ounce / Jun 10	2327
Diesel/Litre / Jun 10	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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