Tag Archives: Royal Dutch Shell

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 …

Shell Plc will buy more liquefied natural gas from Qatar and supply the commodity to the Netherlands under a long-term deal, marking the Gulf nation’s second major contract with a European oil firm this month. Starting in 2026, QatarEnergy will deliver as much as 3.5 million tons of LNG to …

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. …

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 …