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VanEck Natural Resources ETF
As of May 30, 2026 at 09:40 UTC
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About VanEck Natural Resources ETF
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Latest News
5 articlesShell has resumed production at the Penguins field in the North Sea using a new floating production, storage and offloading (FPSO) facility, its first new North Sea facility in over 20 years. The Penguins field is expected to reach peak production of 45,000 barrels of oil equivalent per day with estimated recoverable resources of 100 million barrels.
Shell and CNOOC have announced a major expansion of their petrochemical complex in Daya Bay, China, adding a third ethylene cracker and specialty chemicals production. The new facilities will produce key chemicals like polycarbonates to support the electric vehicle and energy storage industries in China.
Shell shares are trading higher on Friday as its subsidiary Shell Offshore Inc. begins production at the Whale floating production facility in the Gulf of Mexico. The project is expected to contribute to a combined peak production of over 500,000 barrels of oil equivalent per day between 2023 and 2025.
Shell reported a strong third-quarter performance, with higher upstream production and marketing sales driving revenue growth. The company announced a $3.5 billion buyback program and a $0.344 dividend per share. Shell also refined its capital expenditure guidance for the year.