Shell greenlights Gulf of Mexico ‘Whale’ oilfield project
Royal Dutch Shell (RDSa.L) announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court Continue Reading
Shell To Appeal Landmark Court Ruling
Shell has today confirmed that it will appeal against a landmark court ruling requiring the oil giant to cut emissions faster than it had planned to. The Anglo-Dutch firm said Continue Reading
Shell to boost shareholder returns after oil price rise
Shell to boost returns to 20%-30% of free cashflow Company to “retire” $65 bln net debt target Spending to stay below $22 billion in 2021 as planned Second quarter LNG Continue Reading
Shell plans to hang on to Norco, Louisiana refinery
By the end of 2021, Royal Dutch Shell Plc (RDSa.L) will have just one operating crude oil refinery in the United States: The 227,400 barrel-per-day (bpd) refinery in Norco, Louisiana. Continue Reading
Shell plans to exit California joint venture with Exxon Mobil
Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N) , four people familiar with the talks told Reuters. Continue Reading
The Man Who Beat Shell: How an Unknown Lawyer Won Historic Suit
Royal Dutch Shell Plc hired a team of pricey lawyers for its defense against environmental activists in a Dutch court, and lost. A decade-old, $22 book might have upped their Continue Reading
Interest in Shell’s Permian assets seen as a bellwether for shale demand
A cadre of oil companies, seeing continued profits in shale, are mulling Royal Dutch Shell’s (RDSa.L) holdings in the largest U.S. oil field as the European giant considers an exit Continue Reading
Is Shell About To Turn Its Back On The Permian?
Shell may put up for sale all of its acreage in the Permian in the latest step of a low-carbon push that was most recently spurred by a court ruling Continue Reading
Shell considering sale of holdings in largest U.S. oil field, worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its Continue Reading
Shell Vows to Speed Up Emissions Cuts in Wake of Court Ruling
Royal Dutch Shell PLC said it would accelerate its efforts to cut its carbon emissions in the wake of a Dutch court ruling last month ordering the oil giant to take Continue Reading
What a Dutch Court Ruling Means for Shell and Big Oil
Climate lawyers are preparing to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions faster than planned, on the grounds that Continue Reading
Shell strikes deal to sell Mobile plant, shedding more US refining assets
Highlights Third refinery sale in a month Shell retains one US refinery Tighter EU ETS system in effect Shell on May 27 said it reached an agreement to sell its Continue Reading
What The Shell Climate Case Means For Big Oil
Global oil and gas companies could be facing a major legal threat if the Dutch court ruling on Royal Dutch Shell sets an international precedent. In a case by Dutch Continue Reading
Climate Ruling Could Force Big Change at Shell
To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell RDS.A -0.82% PLC may have to overhaul its business and cut its oil output faster than it had planned, analysts and investors Continue Reading
Shell’s climate defeat: an omen for all corporate polluters?
A court has ordered Royal Dutch Shell to accelerate its strategy for the energy transition by making steeper and quicker cuts to greenhouse gas emissions than it had planned. The Continue Reading
Explainer: What the Dutch court carbon emissions ruling means for Shell
Lawyers for Shell take their seats at the start of the court case environmentalist and human rights groups have brought on against Royal Dutch Shell to force the energy firm Continue Reading
Shell Loses Climate Case That May Set Precedent for Big Oil
Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, a ruling that could have far-reaching consequences for the rest of Continue Reading
Shell weighs shut Louisiana refinery’s future as Baton Rouge firm promotes bid
Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after a Baton Rouge investor said over the weekend his $1.25 Continue Reading
Shell to sell interest in Deer Park refinery to partner Pemex
Royal Dutch Shell (RDSa.L) agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the Continue Reading
Shell shareholders increase pressure for further climate action
Royal Dutch Shell (RDSa.L) shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing Continue Reading
Shell Sells Washington Refinery
Royal Dutch Shell’s (NYSE: RDS.A) subsidiary, Equilon Enterprises LLC d/b/a Shell Oil Products U.S., has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington. Royal Continue Reading
Shell raises its dividend as profits surge
Royal Dutch Shell’s (RDSa.L) profits leaped to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the Continue Reading
Shell To Exhaust Dwindling Oil & Gas Reserves By 2040
Shell expects to have produced 75 percent of its current proved oil and gas reserves by 2030, and only around 3 percent after 2040, the supermajor said in its Energy Continue Reading
Shell to Make First Profit From Oil Output Since Pandemic
Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic. Shell’s upstream unit, which largely handles the exploration and Continue Reading
As the Shift to Green Energy Speeds Up, Shell’s Big Natural-Gas Bet Is at Risk
Royal Dutch Shell RDS.A 2.33% PLC bet big on natural gas as the energy source of the future when it bought BG Group for $54 billion. Five years later, it appears the gas era won’t Continue Reading
Shell Doubled Its Oil Trading Profits In 2020
Shell doubled its crude and refined products trading profits in 2020 from 2019, with its trading offsetting some of the negative effects of the collapse in refining margins and fuel Continue Reading
Oil Giant Shell Appoints New Chairman to Navigate Energy Transition
Royal Dutch Shell RDS.A -1.01% PLC has appointed Andrew Mackenzie as its new chairman, tapping a mining veteran to oversee the oil and gas giant as it navigates the transition to low-carbon energy. The Continue Reading
Shell outlines steps to net-zero business by 2050; to cut production of traditional fuels 55% by 2030
Global oil and gas major Shell has outlined how it will achieve its target to be a net-zero emissions energy business by 2050, in step with society’s progress towards achieving Continue Reading
Shell Says Its Oil Production Has Peaked
Anglo-Dutch supermajor Shell has reaffirmed its commitment to becoming a net-zero company by 2050, saying that its oil production peaked in 2019 and is set for a continual decline over Continue Reading
Oil Major Total Sees 10 Million Bpd Supply Gap In 2025
France’s supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued Continue Reading
With oil past peak, Shell vows to eliminate carbon by 2050
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was set to slowly decline from its 2019 peak. The Anglo-Dutch Continue Reading
Shell’s Falling Oil Output Ends Century-Long Business Model
Royal Dutch Shell Plc said its carbon emissions and oil production have peaked and will decline in the coming years as the company laid out a detailed plan for its Continue Reading
Shell expects 1%-2% annual cut in oil output as energy transition prioritized
Shell expects its oil production to decrease by 1%-2% annually as it prioritizes spending on transition projects in an acceleration of its strategy to achieve net zero emissions by 2050, Continue Reading
Shell Sees Return To ‘Normal’ Oil Demand In 2022
Royal Dutch Shell expects global oil demand to return to some sort of normalcy next year, chief executive Ben van Beurden said on Thursday as the supermajor reported another set Continue Reading
Shell’s profit slides 71% in 2020 as pandemic bites
Royal Dutch Shell’s profit last year dropped to its lowest in at least two decades as the coronavirus pandemic hit energy demand worldwide though the company said it expected to Continue Reading
Shell posts 87% earnings drop yet raises dividend
Royal Dutch Shell raised its dividend despite an 87 percent drop in earnings as the coronavirus pandemic hit energy prices, reduced production and weakened refining margins. For the three months Continue Reading
Shell To Cut UK Jobs As Part Of Global Workforce Reduction
Shell will be cutting 330 jobs from its North Sea operations, mostly office jobs based in Aberdeen, the supermajor said on Tuesday, as carried by the BBC . The Aberdeen Continue Reading
Shell’s 2020 Write Downs Could Soar To $22 Billion
Shell warned the market on Monday that it would book up to $4.5 billion more in post-tax charges in the fourth quarter, which would take the supermajor’s combined write-downs to Continue Reading
Shell Divests LNG Stake For $2.5 Billion
Shell has sold a 26-percent stake in an Australian LNG project to Global Infrastructure Partners for $2.5 billion as part of efforts to reduce the weight of non-core assets in Continue Reading
Shell Points to a Another Bleak Quarter for Big Oil
Investors expecting an end-of-year rebound in the oil and gas industry could be in for a disappointment, if figures published by Royal Dutch Shell Plc are any indication. The Anglo-Dutch energy giant Continue Reading
Shell executives quit amid discord over green push
Royal Dutch Shell has been hit by the departure of several clean energy executives amid a split over how far and fast the oil giant should shift towards greener fuels. The Continue Reading
Shell Wants Biden to Reverse Methane Emissions Rollback
Royal Dutch Shell Plc will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the Continue Reading
Shell To Shut Down Louisiana Refinery
Royal Dutch Shell will shut down its Convent refinery in Louisiana after failing to find a buyer for the facility, Bloomberg reports , citing a statement by the company. The Continue Reading
Royal Dutch Shell Grows Dividend as Third-Quarter Profit Beats Expectations
Royal Dutch Shell Plc set out to woo disgruntled investors by raising its dividend and pledging to grow it steadily, just six months after slashing the payout. Amid a painful Continue Reading
Shell plans to cut up to 9,000 jobs as oil demand slumps
Royal Dutch Shell said Wednesday it’s planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent Continue Reading
Rosneft warns BP and Shell creating ‘existential crisis’ for oil supplies
Russia’s Kremlin-controlled oil company has warned that BP and Royal Dutch Shell are creating an “existential crisis” for oil supplies that will lead to higher prices, attacking their shift towards Continue Reading
Shell to cut up to 40% from oil and gas production to prepare for energy transition
Royal Dutch Shell is looking to slash up to 40 per cent off the cost of producing oil and gas in a major drive to save cash so it can Continue Reading
Shell May Cut Upstream Oil Operations By 40%
Oil and gas supermajor Shell is looking to slash as much as 40 percent of its upstream oil and gas operations as it is redesigning its business toward a greener Continue Reading
Exclusive: 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 Continue Reading
Shell files offshore drilling plans for Alaska’s North Slope
Shell Offshore Inc. has submitted plans to plans to drill for oil in the waters along the National Petroleum Reserve-Alaska in the coming years. The Dutch oil industry giant applied Continue Reading