Shell

BP, Shell to study hydrocarbon potential at three Libyan oilfields

Oil Majors BP and Shell agreed with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said in a statement. Libya,…

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Highlights from ruling in Shell’s climate case

A Dutch appeals court on Tuesday dismissed a landmark 2021 ruling, ordering oil and gas giant Shell to accelerate carbon reduction efforts that was seen as a turning point in…

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Shell emissions dip about 10% to 1.23 bln tonnes of CO2 equivalent

LONDON, March 9 (Reuters) - Shell's emissions dipped by about 10% in 2022 to a total of 1.232 billion tonnes of CO2 equivalent, from 1.367 billion tonnes the previous year,…

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European LNG demand to fuel competition with Asia in next two years -Shell

LONDON, Feb 16 (Reuters) - Europe’s increased need for liquefied natural gas (LNG) will fuel competition with Asia for the seaborne fuel over the next two years because global supply…

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Shell makes record $40 billion annual profit

By Ron Bousso and Shadia Nasralla LONDON, Feb 2 (Reuters) - Shell delivered a record $40 billion profit in 2022, it said on Thursday, capping a tumultuous year in which…

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Jul

Shell again smashes record with $11.5 billion profit

LONDON, July 28 (Reuters) - Shell on Thursday reported a profit of $11.5 billion in the second quarter, smashing the previous quarter's record, lifted by refining profits and gas trading. The company…

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Shell CEO says Europe faces tough winter, may need to ration energy

OXFORD, Britain, (Reuters) - Europe faces a "really tough" winter in the face of soaring energy costs which might require fuel rationing, Shell CEO Ben van Beurden said this week. "It will…

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Shell CEO says spare capacity is running ‘very low’

SINGAPORE, June 29 (Reuters) - Uncertainty in global oil and gas markets could stay for some time to come as spare capacity is very low while demand is still recovering, Shell Chief Executive…

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Shell posts record quarterly profit, lifted by energy price surge

LONDON, May 5 (Reuters) - Shell on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading…

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Shell in talks with Chinese firms to sell stake in Russian gas project

- Energy giant Shell is in talks with some Chinese companies to sell its stake in a major Russian gas project amid sanctions imposed on Moscow over its invasion of Ukraine,…

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LNG trade grew 6% to 380 mln tonnes in 2021 amid gas price volatility -Shell

LONDON, Feb 21 (Reuters) - Global trade in liquefied natural gas (LNG) in 2021 grew 6% year on year to 380 million tonnes as economies recovered from the economic impact of the…

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Royal Dutch no more – Shell officially changes name

Shell officially changed its name on Friday, ditching "Royal Dutch", which has been part of its identity since 1907, following plans to scrap its dual share structure and move its…

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Oil giant Shell sets sights on sustainable aviation fuel take-off

Royal Dutch Shell plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world's airlines to reduce greenhouse gas emissions. Aviation, accounting for…

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Shell plans to cut 9,000 jobs

Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and…

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Shell launches major cost-cutting drive to prepare for energy transition

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its…

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Hungary signs gas deal with Shell, its first in the West

Hungary will buy 250 million cubic metres of liquefied natural gas per year for six years from Royal Dutch Shell Plc. via Croatia's LNG port in Krk, Foreign Minister Peter…

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Oil demand may never recover from COVID-19 crisis, says Shell CEO

Global oil demand might never return to levels seen before the outbreak of the COVID-19 epidemic, Royal Dutch Shell CEO Ben van Beurden said on Thursday. "Demand will take a…

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Shell CEO does not rule out moving headquarters to Britain

Royal Dutch Shell is not ruling out moving its headquarters from the Netherlands to Britain, the oil company's chief executive Ben van Beurden said in a Dutch newspaper interview published…

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