Tag Archives: Royal Dutch Shell

The change in the U.S. presidency will bring the collaboration and set of progressive policies needed to tackle the energy transition, Royal Dutch Shell Plc’s chief executive officer said. President Donald Trump pulled the U.S. out of the Paris Agreement on global warming and railed back environmental protections while promising …

Royal Dutch Shell has reportedly initiated a major cost-cutting programme with an objective to bring down its oil and gas production costs by up to 40%. The cost-cutting will help the energy company to generate cash savings and enable it in revamping its business, reported Reuters citing undisclosed sources. This …

Five years after abandoning an ambitious multibillion-dollar offshore Arctic exploration program, Royal Dutch Shell is again proposing to drill for oil in Arctic Alaska — but this time, in a more modest fashion. Company unit Shell Offshore Inc., in an Aug. 27 application to the Alaska Division of Oil and …

Saudi Arabia Oil Co.’s senior management reshuffle is more than just a game of high-level musical chairs at any old energy company. The oil giant faces an uphill battle to meet promises made before its record-setting initial public offering last year — and before the coronavirus pandemic hit — to …

This may turn out to be the year that oil giants, especially in Europe, started looking more like electric companies. Late last month, Royal Dutch Shell won a deal to build a vast wind farm off the coast of the Netherlands. Earlier in the year, France’s Total, which owns a …

The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter. Fuel demand at one point was down by more than 30% worldwide, and still remains below pre-pandemic levels. Several executives said they took massive writedowns because they expect demand to …

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 …

Shell said on Thursday that it had booked a loss of $18.1 billion for the second quarter of 2020 compared to a profit of $3 billion in the same period last year. Shell explained that this included an impairment charge of $16.8 billion post-tax, $22.3 billion pre-tax, as a result …

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 …

The oil giant says this was achieved in less than five years of the plant’s operations and it is equivalent to the annual emissions from about 1.25m cars.