Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long Continue Reading
Shell Plc will walk away from Russia’s Sakhalin-2 liquefied natural gas project with nothing after President Vladimir Putin transferred the major facility to a new operating company. The London-based firm’s Continue Reading
Europe could continue scrambling for gas supply for a number of winters due to low gas flows from Russia, according to the chief executive officer of supermajor Shell. “It may Continue Reading
Shell CEO van Beurden: there is more upside than downside for crude oil prices. Van Beurden sees ongoing tightness in crude oil supply. TotalEnergies CEO Pouyanne also stated that he Continue Reading
Shell on Monday told customers it would be unable to supply liquefied natural gas (LNG) cargoes from its Prelude facility off northwestern Australia due to industrial action over a pay Continue Reading
Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell SHEL -1.21%▼ PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to Continue Reading
Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter when gasoline prices broke records in Continue Reading
Shell CEO van Beurden: spare capacity is running very, very low. van Beurden: demand for oil and gas is still recovering despite the current economic and pandemic challenges. Shell: it Continue Reading
Europe’s biggest oil firms are rushing to diversify their portfolios while expanding into green energy. Shell announced this week that it will begin selling electricity generated from renewable sources directly Continue Reading
Shell won official consent to develop the Jackdaw natural gas field in the UK North Sea, eight months after the country’s regulator blocked the project on environmental concerns. Shell Plc Continue Reading
