Hedge fund third point buys stake
Hedge fund Third Point has built a large stake in Royal Dutch Shell. They called on the oil major to split into multiple companies. This is for increasing its performance. Billionaire investor Daniel Loeb’s New York-based firm, owns roughly $750 million in Shell. Shell’s market value is nearly $190 billion. Shell, faces mounting pressure from […]
Royal Dutch Shell to expand EV charging network
Royal Dutch Shell has announced its plans to expand its network of electric vehicle charging points in Britain. They are aiming to install 50,000 on-street posts, and that too by 2025. Shell will implement their plans through ubitricity, which is an on-street charging point company. Ubitricity is operating around 3,600 chargers in Britain. According to […]
Shell is all set to launch its first PV solar project in Middle East
Photovoltaic (PV) solar project has been established for the first time in the Middle East by the Dutch oil major Shell in a utility scale. In the Sultanate of Oman, the company has rolled out the 25-megawatt Qabas solar plant. The solar plant is furthermore located in Northern part of the Sultanate’s Sohar Free zone […]