Shell PLC announced on Tuesday that Robin Mooldijk, president of projects and technology, will step down from his executive committee role effective February 28. Mooldijk has overseen the company’s largest capital projects, including the offshore Whale development and expansion of the Prelude floating LNG facility. His departure comes as Shell restructures its upper management to streamline decision-making and accelerate delivery of its $15 billion annual investment program. An internal search is underway to identify an interim lead who can maintain momentum on Shell’s project pipeline, which includes three major upgrader and refinery conversion projects in Europe slated for completion by 2027.

Shell and joint venture partner Mitsubishi Corporation are evaluating options to sell a minority stake in the LNG Canada project on Canada’s west coast. The two companies are considering divesting up to 15% of their combined 40% shareholding to institutional investors, potentially raising $3–4 billion to fund a planned second expansion phase. That phase aims to increase liquefaction capacity from 14 million tonnes per annum (mtpa) to 20 mtpa by the early 2030s. Investors have shown strong interest in long-term LNG cash flows secured by 20-year offtake agreements, which underpin projected annual earnings before interest, tax, depreciation and amortisation (EBITDA) of roughly $1.2 billion.

Shell has formally requested to exit the al-Omar oilfield concession in eastern Syria and transfer its c.35% equity interest to the Syrian Petroleum Company, according to a statement from the state-owned operator’s head, Youssef Qeblawi. The move follows renewed U.S. sanctions pressure and logistical challenges in transporting crude through Turkey. Shell’s withdrawal would leave the Syrian government with full operational control of al-Omar, which produces around 60,000 barrels per day, down 10% from last year due to maintenance shutdowns and security disruptions.

Early‐week declines in global crude benchmarks have weighed on Shell’s share performance and contributed to a broader retreat in the FTSE 100 index, where Shell is one of the top three constituents by market capitalization. Investor sentiment soured after reports of winding down geopolitical tensions in the Middle East removed a key support for oil prices. The resulting 4% drop in Brent futures over the past ten trading days has cut Shell’s dividend sustainability metric by 50 basis points, prompting some income-focused funds to trim their positions.