Royal Dutch Shell has formally requested to withdraw from the al-Omar oilfield in eastern Syria, the country’s largest producing asset. Shell holds a 37.5% interest in the field, which has a production capacity of approximately 35,000 barrels per day. The company has proposed transferring its stake to state-owned Syrian operators, as Damascus extends its control over the facility following recent security gains. Analysts note that exiting al-Omar will reduce Shell’s exposure to Middle East conflict risk but will also eliminate a cash flow stream that contributed an estimated $150–200 million annually to its upstream segment.

Shell announced that Robin Mooldijk, president of projects and technology, will step down on February 28 after five years in the role. His departure is part of a broader executive committee reshuffle aimed at streamlining decision-making around capital allocation and low-carbon investments. Mooldijk oversaw delivery of the Appomattox and Vito offshore platforms, projects with combined budgets of $15 billion. The company has initiated an internal search to appoint a successor who can accelerate its transition plans while maintaining cost discipline on multi-billion-dollar greenfield developments.

Shell and joint venture partner Mitsubishi are evaluating sales of up to 10% of their combined 65% equity in the LNG Canada export terminal in British Columbia. The partners are weighing this move to fund a proposed C$25 billion Phase 2 expansion, which would add 26 million tonnes per annum of liquefaction capacity. Potential buyers include pension funds and sovereign wealth managers seeking stable, long-duration cash flows with project-level internal rates of return projected at 8–10%. Shell’s retained 40% stake in Phase 1 has delivered average annual EBITDA of C$1.2 billion since first gas in 2025.