HOUSTON, Dec. 16, 2025 /PRNewswire/ — Shell Offshore Inc., a subsidiary of Shell plc, has taken a final investment decision (FID) on a waterflood project at its Kaikias field in the US Gulf of America. Water will be injected to displace additional oil in the reservoir formation which supplies production to Shell’s Ursa platform in the Mars Corridor.

Ursa platform in the Gulf of America (Courtesy of Shell)

Waterflood is a method of secondary recovery where the injected water physically sweeps the displaced oil to adjacent production wells, while re-pressurizing the reservoir. First injection is expected in 2028 and is anticipated to extend the production lifecycle of Ursa by several years.  

“Following our decision to increase our stake in Ursa earlier this year, this additional investment continues to maximise the value of the asset,” said Peter Costello, Shell’s Upstream President. “It also contributes to our aim of maximising high-margin production and longevity in a core basin to maintain liquids production.”

Shell is the leading deep-water operator in the US Gulf of America, where our production has among the lowest greenhouse gas intensity in the world. 

Notes to editors 

• In August 2014, the Kaikias field (Shell 100% working interest (WI)) was discovered in more than 4,000 feet (1,219 metres) of water, approximately 130 miles (209 kilometres) off the coast of Louisiana.
• Production from the Kaikias field began in May 2018 with flowback to Shell’s Ursa platform.
• Shell is the operator of the Ursa Tension Leg Platform and holds 61.3484% ownership in the asset with BP Exploration & Production Inc. 22.6916% and ECP GOM III, LLC 15.96%. In February, Shell announced its acquisition of additional WI in Ursa.
• The Kaikias waterflood project is estimated to increase recoverable resource volume by ~60 million metric barrels of oil equivalent (P50). The estimate of resources volumes is currently classified as 2P under the Society of Petroleum Engineers’ Resource Classification System.
• The reference to our US Gulf of America production having among the lowest greenhouse gas intensity in the world is a comparison among other members of the International Association of Oil & Gas Producers.
• As communicated at Shell’s Capital Markets Day in 2025, we aim to sustain liquids production at around 1.4 million barrels of oil equivalent per day until 2030.
• The estimated recoverable resources presented above are 100% total gross figures.

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ”Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.  The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking statements

This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ”anticipate”; “aspire”, “aspiration”, ”believe”; “commit”; “commitment”; ”could”; “desire”; ”estimate”; ”expect”; ”goals”; ”intend”; ”may”; “milestones”; ”objectives”; ”outlook”; ”plan”; ”probably”; ”project”; ”risks”; “schedule”; ”seek”; ”should”; ”target”; “vision”; ”will”; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F and amendment thereto for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this press release, December 16, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

Shell’s net carbon intensity

Also, in this press release we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-zero emissions target

Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-Looking non-GAAP measures

This press release may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this press release do not form part of this press release.

We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  Investors are urged to consider closely the disclosure in our Form 20-F and any amendment thereto, File No 1-32575, available on the SEC website www.sec.gov

“Smart Intersection System to be Supplied to Nairobi, Kenya“

• Edge AI enables multi-channel real-time traffic analysis through AI model compression… ITS technology accelerates expansion from Middle East to Africa
• Signs technology supply contract with HANIL STM for the Nairobi ITS Project led by LG CNS

SEOUL, South Korea, Dec. 16, 2025 /PRNewswire/ — Nota AI (CEO Myungsu Chae), a company specializing in AI model compression and optimization, announced today that it has signed a contract to supply its Smart Intersection System technology for the Intelligent Transport System (ITS) construction project in Nairobi, Kenya.

The contract is part of the Traffic Control Center establishment project led jointly by the Kenya Urban Roads Authority (KURA) and LG CNS. HANIL STM is responsible for system design and management, while Nota AI will implement and supply the Smart Intersection System, based on its AI model optimization and compression technology, tailored for an edge environment.

Nota AI’s AI compression and optimization technology is designed to reduce the computational complexity and memory usage of AI models, enabling their efficient operation in edge environments. This makes the technology highly effective in settings requiring low-power and low-latency performance.

The newly introduced AI compression and optimization-based Smart Intersection System is expected to contribute to improved traffic flow. It functions by compressing the size of the required analysis model and tailoring it for local CCTV at intersections, allowing for real-time classification of vehicle types, and analysis of traffic volume, queue length, and other traffic conditions without relying on a central server. Its high efficiency comes from the compression technology, which allows a single edge device to simultaneously manage multiple CCTV channels and process real-time data, resulting in highly effective cost management.

Furthermore, system managers can utilize the real-time data not only to monitor current traffic situations but also as valuable data for future enhancement of intersection operational efficiency. Since the entire analysis process is realized in an edge environment, the system offers stable operation while minimizing the burden of server construction and maintenance costs.

Nota AI has already received recognition for its high technological capabilities through ITS performance evaluations and technology verification by various companies and local governments. The Smart Intersection System and the Emergency Situation Detection System, both developed with Nota AI’s technology, achieved the ‘Highest Grade’ in the basic ITS performance evaluation, where real-time performance and accuracy are key indicators. Additionally, the system recently completed construction successfully in the Yeongcheon ITS reinforcement project, demonstrating an average performance rate of 99.5% across all evaluation criteria.

Building on this technological capability, Nota AI is accelerating the commercialization of its Intelligent Transport System technology. It has showcased advanced technologies in the Middle East and North America, with achievements including: a partnership with the UAE transport infrastructure company ‘ATS’, a contract to supply ITS solutions with the Dubai Roads and Transport Authority (RTA), and successful verification of pedestrian safety support and traffic volume analysis with Sony in Lakewood, USA. Through participation in the Nairobi project, Nota AI has now expanded the application of its technology to the African region.

Myungsu Chae, CEO of Nota AI, stated, “We are delighted that Nota AI’s AI compression and optimization technology will contribute to traffic innovation in Nairobi, following our success in Dubai. By successfully completing this project, we will further expand the influence of our AI compression and optimization technology in the global market.”

G-P will connect its AI-powered global employment solutions to Workday’s Agent System of Record, enabling new levels of productivity

BOSTON, Dec. 16, 2025 /PRNewswire/ — REMOTE FIRST COMPANY – G-P (Globalization Partners), recognized as the undisputed leader in global employment by industry analysts, today announced it has joined the Workday Agent Partner Network, a global ecosystem of partners building AI agents that will connect with the Workday Agent System of Record (ASOR). By joining the program, G-P underscores its commitment to AI and global employment innovation.

“The Workday ASOR gives customers a unified, secure platform to manage their growing ecosystem of trusted AI agents,” said Dean Arnold, vice president, AI Platform, Workday. “By leveraging the Workday ASOR, partners like G-P enable our customers to securely and simply access innovative solutions for their teams worldwide.”

“G-P is leading AI innovation in global HR,” said Lori McNally, senior vice president, partners, G-P. “Workday inviting G-P to join the Workday Agent Partner Network shows the trust in G-P and in G-P Gia as an enterprise-ready AI solution inside Workday. Together, we’re helping customers work faster, stay compliant, and manage their global workforce with more confidence.”

G-P’s AI-powered EOR enables shared Workday and G-P customers to hire in 180+ countries internationally in regions where they do not have an entity. It facilitates the direct integration of global hires into the Workday platform, including demographic details, salary and payslip information and invoices. Any updates to international employee details made in Workday will be automatically reflected in G-P.

Additionally, the partnership includes an integration with G-P’s global HR agent, G-P Gia. Combining G-P’s decade of global HR expertise with cutting-edge AI, G-P Gia is designed to be HR’s trusted partner, providing guidance on the toughest employment questions and creating contracts and handbooks and more in 50 countries and 50 U.S. states. Gia delivers results built on G-P’s proprietary knowledge base, 100,00+ HR and legal expert vetted articles and 1,500+ government sources, giving users the confidence to make informed decisions when building and managing global teams.

Earlier this year, G-P joined Built on Workday, a program that empowers Workday partners to create and market pre-built apps to solve customers’ business and industry challenges. G-P Gia is available on the Workday Marketplace here, and G-P EOR will be available on the Workday Marketplace soon.

For more information about G-P, visit G-P.com.

About G-P
G-P (Globalization Partners) is the recognized leader in global employment, ranked No. 1 in every industry analyst report. G-P’s global employment platform delivers everything companies of all sizes need to manage the full employee lifecycle with its trusted Global HR Agent, G-P Gia, and AI-powered Employer of Record (EOR) and Contractor products. G-P supports teams in 180+ countries with more than a decade of global employment experience, the largest team of in-country HR, legal, and compliance experts, and its unmatched proprietary knowledge base.

G-P: Global Made Possible^™
To learn more, please visit: g-p.com or connect with us via LinkedIn, X, Facebook or check out our Blog.

SINGAPORE, Dec. 16, 2025 /PRNewswire/ — Sharpa, a Singapore-headquartered AI robotics firm, has achieved a major milestone with the launch of mass production for SharpaWave, its flagship robotic hand engineered to match the size and dexterity of the human hand while delivering both delicate precision and superhuman strength. Early customers include leading global technology companies and top research universities.

Moving into mass production marks a critical step toward Sharpa’s vision of making general-use robots widely accessible. The company aims to produce robot hands and other components with the consistency and reliability expected of mission-critical hardware such as aircraft engines or automotive systems.

To ensure quality at scale, Sharpa has developed highly automated reliability and endurance testing systems that validate the performance of thousands of microscale gears, motors, and sensors—guaranteeing high accuracy, durability, and agility.

Sharpa focuses on solving robotics’ hardest problem, the hand, because it is the gateway to truly useful general-purpose robots. A capable hand allows robots to interact with the world as humans do, whether cracking an egg, assembling electronics, or operating tools in extreme environments. With such dexterity, robots can be deployed in hotels, hospitals, shops, or homes without needing to redesign human-oriented workspaces or tools.

SharpaWave features 22 active degrees of freedom (DOF) and Sharpa’s proprietary Dynamic Tactile Array (DTA) technology, enabling near-human precision in grasping, manipulating, and tool use, a foundational breakthrough for general-purpose robotics.

Achieving this sensitivity requires advanced visuo-tactile sensing. Each fingertip integrates a miniature camera and over 1,000 tactile pixels, capturing everything from feather-light contact to heavy loads with 0.005 N precision. Its 6-dimensional force sensing ensures adaptive grip control and slip prevention—essentially allowing SharpaWave to feel by seeing.

To accelerate adoption across industry and research, SharpaWave runs on an open-source, developer-friendly software stack. The SharpaPilot app is fully compatible with major simulation platforms including Isaac Gym, Isaac Lab, PyBullet, and MuJoCo, and provides rich reinforcement learning examples for rapid integration and experimentation.

SharpaWave’s breakthrough engineering has been recognized as a CES 2026 Innovation Awards Honoree in the Robotics category. Sharpa will be exhibiting at CES 2026 (LVCC North Hall, booth 9251), January 6–9, in Las Vegas, with its latest robots featuring groundbreaking dexterity, dynamic motion control, and long-horizon task.

About Sharpa

Founded in 2024, Sharpa is an AI robotics company dedicated to developing high-performance robots and core components, unlocking the potential of future general-purpose robotic applications. Sharpa’s mission is to build robots that assist, not replace, humans, freeing people from repetitive or strenuous work to focus on more meaningful pursuits. Sharpa’s global headquarters is in Singapore, with manufacturing R&D in Shanghai and business operations in Mountain View, USA.

LOS ANGELES, Dec. 16, 2025 /PRNewswire/ — RayNeo has solidified its leadership in the consumer augmented reality (AR) sector, achieving top positions in both market share and seasonal sales. According to the latest Q3 2025 Global AR Smart Glasses Brand Shipment Share Report from Counterpoint Research, RayNeo ranked No. 1 worldwide for the second consecutive quarter, capturing a 24.5% market share.

From Black Friday Best-Seller to Q3 Market Leader

These accomplishments arrive amid intensifying competition across the AR industry. Despite the heightened competition, RayNeo not only maintained its standing but also demonstrated strong growth. Overseas sales surged 3.8 times year-on-year in 2025, with products now available in over 25 countries and regions, serving a cumulative user base exceeding 500,000. Entry into major retail channels including Sam’s Club, Best Buy, and BJ’s further reflects robust consumer adoption.

In core markets such as North America, RayNeo’s Air Series consistently led Amazon’s AR glasses best-seller rankings. Amazon data shows the RayNeo Air 3s Pro and Air 3s secured the top two global spots in the “Video Display Glasses” category, each earning average customer ratings above four stars. As consumer-grade AR glasses become increasingly integrated into daily life, RayNeo stands out for its accessible pricing and reliable performance.

How RayNeo Stands Out in a Competitive Arena

Proprietary core technology and a superior user experience form the foundation of RayNeo’s competitive edge. As one of the few companies capable of full in-house R&D and mass production of core optical systems, RayNeo offers a diversified portfolio: the V Series for high-quality imaging, the Air Series for immersive viewing, and the X Series that explores the convergence of AI and AR.

The AR industry is transitioning from niche to mainstream, with competition evolving beyond hardware to encompass technological depth, user insight, product experience, and ecosystem strength. RayNeo’s continued leadership underscores the effectiveness of its strategic approach. As AR becomes ever more woven into everyday experiences, RayNeo’s achievements highlight both the global rise of Chinese tech innovation and the potential for “Created in China” to set the pace for the worldwide AR industry.

About RayNeo

RayNeo is the global leader in consumer Augmented Reality (AR) glasses, dedicated to transforming everyday life for one billion people. As the Official Worldwide Olympic Partner in the AR glasses category, the company represents the forefront of immersive technology. Its product portfolio features the AI-enhanced, full-color display X Series and the portable, large-screen Air Series, designed for versatility and high-quality viewing. According to Counterpoint Research, RayNeo dominated the global AR glasses market in Q3 2025, capturing a 24% market share and securing the top position worldwide.

Media Contact:

Global PR Manager: Sophie Li
Email: lixj@rayneo.com 

HO CHI MINH CITY, Vietnam, Dec. 16, 2025 /PRNewswire/ — Club Med, the world leader in premium all-inclusive mountain and beach resorts, announced the development of Club Med Tremblant, marking a strategic expansion of its presence in North America. The new resort marks the brand’s second Canadian resort, after the successful opening of Club Med Québec Charlevoix in 2021 and elevates Club Med’s global mountain leadership with existing resorts in Canada, France, Italy, China, Switzerland, and Japan.

“Canada continues to be a key market in our North American growth strategy,” said Carolyne Doyon, CEO Club Med North America & Caribbean. “With the upcoming opening of Club Med Tremblant, we are thrilled to introduce a new destination offering an original premium all-inclusive mountain experience, providing immersive, one-of-a-kind vacations that have defined Club Med for decades.”

On December 05, Carolyne Doyon and Rémy Bourgeon, President of Alderan, representing SCPI Comète, signed a major financing agreement for the construction of Club Med Tremblant. In parallel, Alderan, on behalf of SCPI Comète, acquired the land from real estate developer Brivia.

Nestled in the heart of the Laurentians, one of North America’s most iconic four‑season destinations, Mont‑Tremblant is known for world‑class skiing, vibrant village life, and striking natural landscapes. Scheduled to open in December 2028, Club Med Tremblant will offer a premium all‑inclusive mountain experience inspired by a contemporary Alpine chalet, combining playful charm with a warm, refined atmosphere.

Designed for families and active travelers, the resort will offer ski-in/ski-out access with daily lift tickets included, gourmet dining inspired by Alpine heritage with a local twist, Kids Clubs for children from 04 months to 17 years, wellness facilities, and various summer activities, delivered by Club Med’s multicultural team of G.Os and G.Es.

As the region’s first premium all-inclusive resort, Club Med Tremblant is projected to create nearly 300 direct jobs, alongside comparable indirect roles, with approximately half of employees housed on-site. The resort will target LEED and Green Globe certifications and develop partnerships with regional suppliers and experience providers to reflect the spirit of the Laurentians while contributing to the local community.

Previously, Club Med and Station Mont Tremblant signed agreements to develop future partnerships, especially on the ski school, while also including commitments from Station Mont Tremblant to carry out new improvements to the mountain.

Club Med

Founded in 1950 by Gérard Blitz, who was later joined by French businessman, Gilbert Trigano, Club Med pioneered the all-inclusive concept and childcare with the creation of the Mini Club in 1967. With more than 75 years of rich history, Club Med operates nearly 70 premium beach and mountain resorts in 40 countries across 5 continents with new openings and renovations planned every year, offering even more hidden treasures to worldwide travelers.

Thanks to the support of its shareholder, Fosun Tourism Group, and the success of its repositioning strategy, today Club Med is not only the world leader in premium, all-inclusive vacations, but also a global brand offering unique experiences to active families and couples worldwide. Club Med employs nearly 28,000 Gentle Organizers (G.Os) and Gentle Employees (G.Es), representing 110 nationalities.

Tremblant

Tremblant is a top year-round destination that offers an exciting and unforgettable experience, from the mountain summit to the charming pedestrian village at its base, secured its place among the top 05 ski destinations in Canada. Whether visiting with family, as a couple, with friends, or in a group, Tremblant welcomes guests to 1,900 accommodation units across 13 hotels, close to 70 restaurants and shops.

Alderan

Alderan is an independent French portfolio management company, founded in 2015 by Rémy Bourgeon. Alderan manages, on behalf of six regulated funds intended for non-professional clients (SCPI) and professional clients (Professional OPCIs and other AIFs), as well as under managed mandates, the acquisition, management, valuation, and arbitration of real estate assets.

SCPI Comète

Comète is a diversified SCPI created by Alderan, intended to invest strictly outside mainland France, registered with the Paris Trade and Companies Register under number 980.596.811.