Shell Decides Against Buying BP Amid Strategic Concerns
Shell leadership rejected an internal plan to buy BP in 2025, choosing shareholder returns over a complex mega-merger despite BP’s earlier struggles.
Shell leadership rejected an internal plan to buy BP in 2025, choosing shareholder returns over a complex mega-merger despite BP’s earlier struggles.
Shell appeals arbitration defeat against Venture Global LNG, claiming withheld evidence, after losing case over undelivered gas contracts worth billions during Ukraine war price surge.
BP has won its arbitration case against Venture Global over the failure to deliver contracted LNG from the Calcasieu Pass plant. The ruling, which mandates a 2026 hearing for over $1 billion in damages, heightens VG’s financial exposure amid multiple ongoing claims.