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HomeShell

Shell

Shell
Crude Oil News

Shell Expects ‘Significantly Lower’ Earnings From Gas Trading

July 7, 2023 Mariel Alumit

Shell expects its gas trading business to have been significantly lower in the second quarter, compared to a strong first quarter, due to seasonality and fewer optimization opportunities, the UK-based supermajor said in its second […]

Fossil fuel
Big Oil Companies

Fossil fuel giants flip the script, declare Natural Gas ‘fuel of the future’

June 26, 2023 Mariel Alumit

In a surprising shift within the energy industry, major fossil fuel players are boldly asserting that natural gas will play a pivotal role in the transition to a greener future, Bloomberg reported. Industry leaders such […]

ConocoPhillips
Big Oil Companies

Gas Is Here to Stay for Decades, Say Fossil Fuel Heavyweights

June 24, 2023 Mariel Alumit

(Bloomberg) — The biggest fossil fuel players are making the message clear: the transition to a green future will require much more natural gas. From Shell Plc to Chevron Corp., the world’s top producers plan […]

Shell
Climate Crisis

Shell Challenged on Net Zero After Fossil-Fuel Investment Boost

June 16, 2023 Mariel Alumit

Legal & General Investment Management, the UK’s largest asset manager, said it wants Shell Plc to explain how it thinks it can still reach net zero emissions by 2050 while ratcheting up investments in fossil […]

diversity
Crude Oil News

Company execs used to trumpet their diversity and climate efforts. Now not so much

June 15, 2023 Mariel Alumit

New YorkCNN —  Just three years ago, diversity and sustainability were big talking points for executives at many big companies, and ESG funds — investments that evaluate stocks using environmental, social and governance factors — were riding the […]

Shell
Big Oil Companies

Shell pivots back to oil to win over investors

June 13, 2023 Mariel Alumit

(Reuters) – Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan’s efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while […]

Shell
Big Oil Companies

Shell plans to sell household energy supply arm

June 8, 2023 Mariel Alumit

Oil and gas giant Shell plans to sell its household energy supply businesses in the UK, Germany and the Netherlands, the company announced in a press release on Tuesday. After a five-month review of its […]

Oil
Big Oil Companies

Banks Continue to Put Billions Into Oil and Gas — Is It a Smart Investment?

June 8, 2023 Mariel Alumit

The oil company CEO was practically giddy, she was so excited about its record earnings. On a call with shareholders and analysts on March 31, Occidental Petroleum’s Vicki Hollub bragged that the century-old oil giant was […]

Shell
Exploration and Production

Shell takes Stena Drilling’s newest drillship for work in Gulf of Mexico

June 1, 2023 Mariel Alumit

Offshore drilling contractor Stena Drilling has secured a new drilling contract with Shell’s subsidiary – Shell Offshore – for operations in the U.S. Gulf of Mexico. This assignment will be undertaken by the newest addition […]

Big Oil Companies

Oil Majors Face Tough Choices Ahead Of Shareholder Meetings

May 28, 2023 Mariel Alumit

 OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment – OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance prepares for its June […]

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