Shell has ended a century of history as a dual-national company by approving a proposal to base itself in London. During an extraordinary meeting of shareholders in Ahoy in Rotterdam, 99.77% voted in favour of relocating the company’s headquarters. Shell was founded in 1833 as an import-export business of tropical …
Read More »Big Oil is Fighting for Clean Fossil Fuels
Several international oil supermajors are planning to boost production while also promising to decrease their greenhouse gas emissions over the next decade and beyond. This seemingly counterintuitive strategy is the result of pressure from international organizations to decarbonize and the continued climb of energy demand around the world. Royal Dutch …
Read More »Shell Eyes Return to Libya with Oil, Gas, Solar Investments
Royal Dutch Shell is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources said, a decade after exiting the North African country because of unrest. The plan, details of which were seen by Reuters, …
Read More »Shell Committed to Explore Hydrocarbons in Africa
Royal Dutch Shell is currently committed to exploring in Africa for hydrocarbons and doing so fits the company’s purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event. More than 80% of Shell’s exploration will be focused on core positions with an emphasis on …
Read More »Shell Announces Plan to Slash Emissions by 50% before 2030
Oil and gas group Shell wants to reduce emissions from its activities by 50 percent by 2030 compared to 2016 levels. With this, Shell is further increasing its efforts to reduce emissions. At the end of May, the court in The Hague ruled that the company is obliged to reduce …
Read More »QatarEnergy, Shell to Pursue Hydrogen Projects in the UK
QatarEnergy and Shell have signed an agreement to pursue joint investments in blue and green hydrogen projects in the UK, the Qatari state-run company said on October 19. “The partners will target integrated and scalable opportunities in key sectors where hydrogen could help decarbonise, especially around industrial cluster development and …
Read More »Shell in Talks to Boost Iraq’s Gas Production
Shell is reported to be in talks with Iraq to boost Basra Gas Company’s capacity. According to S&P Global Platts, BGC is planning to increase capacity for gas production from 1 billion cubic feet per day (Bcf/d) now to 1.4 Bcf/d in two years; discussions with Shell could see that …
Read More »Shell Takes Operatorship of 2 Blocks Offshore South Africa
Africa-focused exploration company Impact Oil & Gas Limited has completed the farm-out of 50 percent working interest and operatorship in the Transkei & Algoa exploration right offshore South Africa to oil major Shell. Impact Oil & Gas stated that the transaction was completed between its wholly owned subsidiary Impact Africa …
Read More »Shell Plans to Boost Oman Renewable Energy Portfolio
Global energy major Royal Dutch Shell plans to add new clean energy projects in Oman and boost its renewables portfolio as the sultanate aims to generate 30 per cent of its electricity from green sources by 2030. The company launched the 25-megawatt Qabas solar plant in Sohar in January, which …
Read More »Shell to Buy Renewable Energy Company
The Royal Dutch Shell oil and gas company will buy a renewable energy company as part of its goal of achieving net-zero emissions by 2050. The oil company’s Shell New Energies U.S. LLC unit is set to purchase Inspire Energy Capital LLC, a renewable energy company that serves around 235,000 …
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