Shell is planning to divest its stakes in two oil and gas development projects located in the US Gulf of Mexico for as much as $1.5bn, Reuters reported, citing people familiar with the development. The firm is […]
Today’s news includes the threat that Russia will continue the recent cuts in gas supplies that Gazprom, the state gas company, has imposed. Moscow may not fully reconnect the Nord Stream 1 pipeline that carries gas under […]
(Bloomberg) — Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. The […]
An explosion at a giant oilfield in Kazakhstan, the country’s largest, killed on Thursday two workers and left at least three others wounded, local reports say. The blast at the Tengiz oilfield occurred during a test […]
The North Field East LNG project will expand Qatar’s LNG export capacity from the current 77 million tons per annum (mtpa) to 110 mtpa. A $28.75 billion investment, NFE is to start production before the end of […]
(Bloomberg) — Nigeria’s Senate will investigate Shell Plc’s historic license renewals in the West African state to determine whether they were extended unlawfully and cost the government up to $200 million. Senate President Ahmad Lawan […]
Responding to record-high US gasoline and diesel prices, President Joe Biden has asked US refiners for their assistance in adding refining capacity to increase supply of gasoline and diesel. “I understand that many factors contributed […]
DAR ES SALAAM, June 11 (Reuters) – Tanzania signed a framework agreement on Saturday with Norway’s Equinor (EQNR.OL) and Britain’s Shell that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) […]
Shell Retail and Convenience Operations, a wholly owned subsidiary of oil supermajor Shell, has completed the acquisition of certain company-owned fuel and convenience retail sites from Landmark Industries. Shell said that the acquisition also included […]
HIGHLIGHTS Shell ratchets up pressure following unplanned 25% levy Reliefs don’t extend to renewables investment, Shell notes Shell a major North Sea investor with projects in pipeline Shell May 27 warned the UK’s new ‘energy […]
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