Tag Archives: Royal Dutch Shell

Shell’s chief executive has floated the possibility of the petrogiant abandoning its “undervalued” London listing. Wael Sawan, who runs the largest company on the FTSE 100, said the embattled London exchange was an “undervalued location” as he joined a raft of global CEOs in complaining about the capital’s equity markets. …

Shell earned $2.4 billion from LNG trading in the fourth quarter amid strong demand for the fuel ahead of the winter, with LNG trades contributing to almost a third of its Q4 adjusted earnings, Reuters reported on Friday, quoting sources close to the UK-based supermajor. The LNG trading profit for …

Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use LNG to support their economic growth, Shell said on Wednesday. The market remains “structurally tight”, with prices and price volatility remaining above historic …

UK energy supermajor Shell has projected that liquefied natural gas (LNG) will replace coal as a leading driver of Chinese and other Asian economies. According to the firm’s LNG Outlook published today, demand will rise by 50 percent by 2040 and global LNG trade will grow to around 625-685m tonnes …

Oil supermajors returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash for dividends and buybacks. There may be more to come. Exxon Mobil, Chevron, Shell, TotalEnergies and BP spent $113.8 billion on 2023 dividends and share …

Shell has suspended indefinitely all its shipments via the Red Sea/Suez Canal route amid rising tensions in the region and fears of escalating Houthi attacks on commercial shipping, The Wall Street Journal reported on Tuesday, citing sources with knowledge of the supermajor’s decision. An oil tanker that Shell had chartered …

Back in February 2020, British oil and gas multinational BP Inc. announced an ambitious goal to become net-zero by 2050 through, among other things, aggressively cutting oil and gas production and also undertaking one of the industry’s most expansive renewable electricity build-outs. In April of the same year, deep in …

Qatar has entered into a significant agreement to supply Shell in Singapore with up to 18 million barrels of oil annually for a period of five years, marking the Gulf state’s inaugural five-year crude sales deal. QatarEnergy announced its accord with Shell International Eastern Trading Co. to provide a yearly …

Shell Offshore Inc., a subsidiary of the UK-headquartered energy giant Shell, has gotten its hands on the remaining stake in a deepwater field in the U.S. Gulf of Mexico, which has been developed as a subsea tie-back to the nearby Ursa production hub. Following the acquisition of the 20% working …

Shell plans to cut 15% of the 1,300 jobs in its Low Carbon Solutions business as it scales back some green energy ambitions and focuses on profitable projects including in the oil and gas sector. The UK-based supermajor plans to eliminate 200 jobs in its Low Carbon Solutions division next …