VanEck Natural Resources ETF

Shell 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.

Related tickers: SHEL, EIPX, HAP.

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.

Related tickers: SHEL, HAP, PWER.