The Business Times

Shell

ESG

Shell and Ferrari sign long-term green power supply deal

Private retailers in Indonesia were told to import petrol through Pertamina after the government capped their import quota for the year, leading to shortages across their petrol stations.
Energy & Commodities

Shell agrees to buy 100,000 barrels of petrol from Indonesia's Pertamina amid shortage

Aster's group chief financial officer Andre Khor believes that the industry is going through "recalibration", not "destruction".
ESG

Buyer of Shell’s refinery has set aside US$2 billion for Singapore investments; more deals on the way

Shell announced last year that it would scale back various climate objectives in favour of oil and gas to raise profits.
Energy & Commodities

Shell drops two North Sea wind projects in fossil fuel shift

Indonesia’s Chandra Asri on Oct 24 announced its plans to buy ExxonMobil’s Singapore Esso petrol kiosk chain for US$1 billion.
Companies & Markets
BT EXPLAINS

As EVs dominate, why are Esso petrol stations being acquired and what will the future look like?

Shell’s shares have risen 16% in London since the start of 2025, outperforming its closest peers.
Global Enterprise

Shell profit beats estimates as oil and gas trading recovers

Petrol supplies across Indonesia have been tight and, at times, insufficient to meet local demand as government-imposed guidelines limit fuel imports by private retailers.
ASEAN Business

Shell petrol stations in Indonesia run dry on supply shortages

Goldman Sachs Asset Management (GSAM) will oversee the pension money in Europe and assets for a captive insurer, as well as provide advice on North American pension plans.
Banking & Finance

Goldman lands US$40 billion mandate from Shell for pension assets

Shell said it achieved US$3.9 billion in cost cuts compared with 2022, part of a programme aimed at saving between US$5 billion and US$7 billion by the end of 2028.
Energy & Commodities

Shell’s profit drops by almost a third on lower oil prices, but beats expectations

Earlier this year, Chandra Asri’s joint venture with global commodities trader Glencore, Aster Chemicals and Energy, completed its purchase of Shell's refinery and refining assets in Bukom (pictured) and Jurong islands.
Companies & Markets

Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake

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