HAP

Weekly Report: what happened at HAP last week (0715-0719)?

BHP Shares Trade Higher As Mining Giant Confirms Record Outputs For Copper, Iron Ore

BHP Group Limited reported fiscal year 2024 operational results. The company reported copper production of 504.9 Kt (+6% Y/Y) and iron ore production of 69.2 Kt. BHP shares are trading higher today after the company reported better-than-expected results.

Weekly Report: what happened at HAP last week (0708-0712)?

What's Going On With Shell Shares Today? Malaysia Pipeline Touted As 'Highly Attractive Investment'

Shell holds a 30% equity stake in the Jerun field in Malaysia. Shell's stock has gained around 20% in the last 12 months. Shell will invest in Abu Dhabi's Ruwais liquefied natural gas project. The Jerun gas field in Sarawak, Malaysia, can produce 550 million cubic feet of gas per day.

BHP To Temporarily Shut Down Western Australia Nickel Operations: Details

BHP Group will temporarily suspend its Nickel West operations and West Musgrave project in Western Australia starting October 2024. The Australian miner plans to review this suspension by February 2027. The decision to temporarily suspend Western Australia Nickel is due to an oversupply in the global nickel market.

Shell Requests Approval for Exploration Wells Off South Africa's Coast: Report

Shell plc is reportedly requesting government authorization to drill up to five offshore wells along South Africa’s west coast. The oil major plans to drill exploration and appraisal wells in the area. Shell stock has gained around 22% in the last 12 months. The company is shifting focus south of Namibia to the prolific Orange Basin.

Weekly Report: what happened at HAP last week (0701-0705)?

Shell Absorbs Charges, Pauses Project: Q2 Outlook Dims With Impairments and Biofuels Halt

Shell updated its operational outlook for the second quarter of FY24. British energy company expects to incur non-cash impairments of $1.5 - $2 billion in the quarter. Shell stock has gained around 22% in the last 12 months. The company is temporarily pausing construction at its biofuels facility in Rotterdam.