Shell Plc Chief Executive Officer Ben van Beurden will step down at the end of this year after almost 40 years at the company, to be replaced by the firm’s head of gas and renewables, Wael Sawan. Van Beurden, 64, has steered the company through some of its most turbulent …
Read More »Shell Chief: European Gas Shortages Likely to Last Several Winters
As a result of Russian gas supply cuts, Europe may face several winters of gas shortages, according to Shell chief executive Ben van Beurden. Van Beurden also warned that Russia’s tightening grip on gas supplies to Europe might cause high power bills and electricity rationing this winter. Russian gas supply …
Read More »Oil Demand may Never Recover from COVID-19 Crisis
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 long time to recover if it recovers at all,” van Beurden told reporters after the Anglo-Dutch energy company reported a …
Read More »Renewable Energy Is Gaining Market Share during the COVID-19 Pandemic
Renewable energy has surged to capture a record share of global electricity generation, seizing more market share during the coronavirus downturn. The steep drop in electricity demand, down by more than a fifth in some parts of the world, has hit energy producers everywhere. But because renewable energy has zero …
Read More »Big Oil CEOs Talk Climate Change. Methane Emissions and the Future of Natural Gas
One of the opening events of Climate Week in New York offered a rare sight -- nine bosses of some of the world’s largest oil and gas companies in one room.
Read More »Qatar Petroleum and Shell will Form LNG Bunkering JV
The new entity will support the purchase and sale of LNG as a marine fuel to customers around the world.
Read More »Shell Profit Drops as Lower Oil Prices Offset Rising Production
Energy majors’ second-quarter results have been hit by lower oil and gas prices versus the same period a year ago.
Read More »Big Oil`s Energy Transition
Big Oil has been facing increased investor pressure to start addressing climate change risks and set emission reduction targets.
Read More »The 2020 Oil Market is Quickly Turning Ugly
Oil bulls thought 2020 would be their year.
Read More »Shell. First Oil Major Linking Emissions with Executive Pay
Shell intends to link these targets and other measures to its executive remuneration policy.
Read More »