Shell posts record quarterly profit, lifted by energy price surge
Shell (SHEL.L) 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 division.
Exxon to exit Russia, leaving $4 bln in assets, Sakhalin LNG project in doubt
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow’s invasion of Ukraine.
Russia to temporarily ban foreigners from selling assets
Russia will temporarily stop foreign investors from selling Russian assets to ensure they take a considered decision, not one driven by political pressure, the prime minister said on Tuesday, as Moscow responds to intensifying Western sanctions.
Exclusive: Nord Stream 2 owner considers insolvency after sanctions
The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.
Shell ends 2021 on high note, hikes dividend, buybacks again
Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.
Shell’s renewables boss steps down after less than two years
Shell’s (RDSa.L) head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly grow as part of its strategy to reduce greenhouse gas emissions.
Oil firms face workforce crunch as renewables beckon -survey
The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed.
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.
Shell intends to relocate its headquarters to the United Kingdom
Shell is a multinational Anglo-Dutch oil and gas company that intends to relocate its headquarters from the Netherlands to the United Kingdom. Its headquarters are now in The Hague, Netherlands. To improve the speed and flexibility of capital and portfolio actions, the oil and gas conglomerate wants to eliminate its dual-share structure and replace it […]
Shell unveils carbon capture project in Canada’s Alberta province
CALGARY, Alberta, July 13 (Reuters) – Royal Dutch Shell (RDSa.L) said on Tuesday it plans to build a large-scale carbon capture and storage (CCS) project near Edmonton, Alberta, joining a number of other companies proposing clean energy initiatives in Canada’s main oil-producing province. The Polaris CCS project would have capacity to store 300 million tonnes of carbon […]
