Shell pursues $7 billion buyback ‘at pace’ despite LNG troubles
Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron.
EXCLUSIVE Exxon prepares to bid for new oil blocks in Brazil -sources
Exxon Mobil Corp (XOM.N) is prepared to bid on Friday for new blocks in Brazil’s deep-water oil fields, a focus area for its oil and gas production growth, people familiar with the matter said.
Shell launches shareholder talks to win backing for HQ move, sources say
Royal Dutch Shell (RDSa.L) has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote.
Britain’s fossil fuel dilemma in the spotlight as climate talks near
Britain faces a fossil fuel dilemma: it can burnish its green credentials by halting new oil and gas development in the North Sea, yet doing so will leave it more reliant on imported fuel.
Oil giant Shell sets sights on sustainable aviation fuel take-off
Royal Dutch Shell (RDSa.L) 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.
U.S. Gulf crude oil ramps up after hurricane losses -data
U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.
Investor group sets tough climate blueprint for Big Oil
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.
U.S. Gulf Coast energy firms face another hurricane hit
Evacuations were underway on Monday from offshore U.S. Gulf of Mexico oil platforms as onshore oil refiners began preparing for rain and heavy winds from a second hurricane in as many weeks.
Analysis: Back with a bang, share buybacks offer boost for Europe Inc
Europe’s record-breaking earnings season has shown a sharp rise in the number of companies repurchasing their stock, raising investor hopes of big U.S.-style returns in a market that has historically focused on dividend payouts rather than buybacks.
U.S. Gulf of Mexico oil producers consolidation accelerates
Oil and gas producers in U.S. Gulf of Mexico have consolidated at a faster rate during the pandemic, new government data shows, as crashing prices squeezed out smaller drillers who had been seen as the industry’s future.
