Shell Archives - Page 9 of 24

Shell, Total continue buyback bonanza after record profits

July 28, 2022

Yahoo Finance LONDON – Europe’s biggest oil companies Shell and TotalEnergies extended share buybacks on Thursday after their second-quarter profits beat an already record-breaking previous quarter on the back of soaring crude, gas and oil product prices. The two companies combined are buying back $8 billion in shares in the third quarter after recording their respective highest quarterly profits while

It looks great, I like the new look. Yes, let’s have two of these.- oil and gas 360

Exclusive-Shell wants to share more of its blockbuster profits, CEO says

July 14, 2022

Reuters OXFORD, England – Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday. Europe’s largest oil and gas company, as well as rivals including BP, have seen profits surge this year

Shell adds $1 billion in refining profits from record fuel prices

July 8, 2022

World Oil (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 trading update from the London-based energy giant is the first indicator of just how much cash was flowing into the coffers of major

Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery

July 7, 2022

CNBC Plans to build a major hydrogen plant in the Netherlands will go ahead following a final investment decision by subsidiaries of oil and gas giant Shell. In an announcement Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. According to Shell, the 200 megawatt electrolyzer will be located

Shell to sign deal with Qatar for large LNG project

June 29, 2022

World Oil (Bloomberg) — Shell Plc is set to follow other Western energy majors by taking a stake in a $29 billion project to boost Qatar’s exports of liquefied natural gas, just as Europe races to shore up new supplies of the fuel. The London-based company will probably announce its partnership with state-controlled Qatar Energy in Doha on Tuesday,

Eni to join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG expansion – sources

June 8, 2022

Yahoo Finance HOUSTON – Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Wednesday. Exxon Mobil Corp, TotalEnergies SE, Shell, ConocoPhillips and Eni will participate in the North Field expansion,

Shell to develop Crux natural gas field offshore Western Australia

June 3, 2022

World Oil Shell Australia and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural gas to the existing Prelude floating liquefied natural gas (FLNG) facility. “This project forms an important part of Shell’s integrated

Shell to develop UK Jackdaw gas field following official approval

June 2, 2022

World Oil (Bloomberg) — Shell Plc won official consent to develop the Jackdaw natural gas field in the UK’s North Sea, eight months after the country’s regulator blocked the project on environmental concerns. The move marks a change in government policy from last year, when the UK oil and gas industry faced a bleak outlook as the government focused on

Shell says it has not agreed to Gazprom’s new payment terms

May 31, 2022

Yahoo Finance LONDON – Shell said on Tuesday it has not agreed to set up a rouble account under new payment terms by Russian gas giant Gazprom to continue supplying Europe. “Shell has not agreed to new payment terms set out by Gazprom, including the creation of K (roubles) accounts,” it said in a statement. “We will work to continue

Shell joins Exxon with $1 billion Brazil exploration setback

May 17, 2022

World Oil (Bloomberg) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three years, Shell has drilled three exploration wells without finding any commercial volumes, said Marcelo de Assis, the head of Latin American upstream research

TotalEnergies starts pullback from Russia with $4 billion writedown

April 28, 2022

World Oil (Bloomberg) — TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine. The French energy giant initially refused to cut ties with Moscow, despite other oil majors including BP Plc and Exxon Mobil Corp.

Shell Trinidad and Tobago delivers first gas from Colibri project

April 1, 2022

World Oil Shell Trinidad and Tobago (through BG International, a subsidiary of Shell plc) announced that production has started on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago. The start-up of Colibri follows the amendment to the Block 6 production sharing contract for the Manatee field, marking yet another significant milestone in Shell’s

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