BP and Shell, among others have scaled back promises to cut back oil and gas production and have signalled they would be there to provide the world with fossil fuel energy as long as it needs it. This is despite all European majors continuing to target net-zero emissions by 2050. …
Read More »Shell Explores Selling Stake in Renewable Power Unit
Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said. The UK energy giant is working with advisers to study a range of possibilities that could also include separating the business into a more …
Read More »Shell Sees Lower Gas Profit for Second Quarter
Shell Plc’s earnings from natural gas trading will be significantly lower in the second quarter, due to seasonal shifts in the market. Oil and gas production will also be down compared with the first three months of the year due to field maintenance, while the company’s chemicals business is expected …
Read More »Oil and Gas is Too Profitable for Shell to Ignore
One of the world’s largest oil and gas companies—and a favorite target of climate activists and activist investors—is making something of a U-turn on its plans for the future. Shell, which was sued into cutting its oil output, is going back to oil and gas in a big way, and …
Read More »Qatar Airways Signs Deal with Shell for SAF Supply at Amsterdam Schiphol Airport
Qatar Airways has signed a deal with Shell to source 3000 t of neat sustainable aviation fuel (SAF) at Amsterdam Schiphol airport, the Netherlands. It encompasses the existing jet fuel contract with Shell at Amsterdam which will now see Qatar Airways using at least a 5% SAF blend over the …
Read More »Shell Starts up Long-Delayed Iraq Gas Capture Project
The Shell-led Basrah Gas Co. (BGC) will start up a long-delayed project in Iraq next week that should slash the high volumes of associated gas flared at the country’s giant southern oil fields and move it a step closer to ending costly gas imports from Iran. The $3 billion project …
Read More »Global Oil Giant Shell Participates in Bitcoin 2023
Shell, one of the world’s most significant oil and gas companies, is taking a considerable step towards cryptocurrency acceptance. The company is set to participate in the world’s largest Bitcoin conference. This surprising move sends ripples across both the traditional energy sector and the evolving cryptocurrency industry. Bitcoin’s adoption and …
Read More »Shell to Use New AI Technology in Deep Sea Oil Exploration
Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition’s AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the …
Read More »Shell Suspends Production at the World’s Largest Floating LNG Facility
Shell has halted production at Prelude LNG – the world’s largest floating liquefied natural gas facility offshore Australia – due to a trip, a spokesperson for the supermajor said on Friday without giving details when production could resume. “Production on the Shell-operated Prelude FLNG facility has been temporarily suspended due …
Read More »Shell Sells Australian Offshore Natural Gas Interests to BP
Shell Australia is selling bp Plc its interests in the carbon-intensive Browse offshore natural gas project, one of Australia’s largest untapped gas fields. “The Browse asset is no longer a strategic fit in the context of Shell’s global portfolio,” Shell said in a statement Saturday, without elaborating on the size …
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