Shell explores sale of stake in renewables unit
The deliberations come as CEO Wael Sawan focuses the company’s investments on fossil fuels.
Shell
Exclusive: Apache plans end to giant Forties oilfield with £200m spending cut
Apache has brought forward plans to end Forties, a foundation of North Sea production since the 70s, by 11 years.
Shell hands back licence next to major Pensacola find – in blow for Reabold
Shell (LON: SHEL) has given up on a Southern North Sea prospect, despite it being located directly next to the region’s largest find in a decade.
Shell, PTTEP dial up Sarawak drilling with Noble rig
One of those wells has been transferred to PTTEP for the Rotan NFE appraisal well, offshore Sabah. The drillship should begin this well in December 2023, with work taking 21 days.
Shell expects gas trading earnings slide in Q2 results
Shell reported steady performance ahead of its Q2 results, though expects “significantly less” trading revenues from its gas unit and slim profitability for its renewables business.
Shell, Petronas commit to Phase 10 at Egypt’s WDDM
Shell has a 25% stake in the Burullus Gas joint venture, which is the operator of WDDM. This supplies gas to the domestic market and to Egyptian LNG, at Idku.
McDermott wins Shell pipelay work in Sarawak
McDermott will carry out project management and engineering in Malysia. The company’s DLV2000 heavy lift and pipelay vessel will carry out the offshore installation.
World ‘desperately needs oil and gas’ says Shell’s Sawan
Shell chief executive Wael Sawan said it would be “dangerous and irresponsible” to cut oil and gas production as demand changes could cause further price spikes.
Shell UK offshore wind head departs with shift back to oil and gas
Melissa Read, who led the Shell UK offshore wind unit in a major expansion into Scotland, said by email that she has resigned.
HSE reprimands Shell over safety and risk management on Shearwater
The UK’s safety regulator has issued a warning to Shell (LON:SHEL) over inadequate safety and risk management procedures on its North Sea Shearwater hub.
Shell sustainability head exits after only two years
Brostrøm joined Shell in August 2021. He had previously acted as president of Ørsted North America, overseeing offshore wind plans in Massachusetts and New Jersey.
Shell earmarks £150k for Aberdeen Uni energy transition scholarships
Energy giant Shell (LON: SHEL) is funding five energy transition scholarships for masters students in the Granite City.
CHC’s ClearSkies carbon-cutting tech takes off with Shell on board
The Aberdeen-based helicopter operator CHC has launched software to cut customer emissions and Shell was amongst the first to try it out.
Shell offshore wind farm produces first green energy
First electricity has been produced by a Dutch offshore wind farm, co-developed by London-listed supermajor Shell (LON: SHEL).
Big Oil’s green retreat helps clear the way for everyone else in renewables
Big Oil won’t be missed by its renewable power competitors.
Shell Challenged on Net Zero After Fossil-Fuel Investment Boost
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 fuels.
Big M&A off the table in near-term, says Shell boss, but door open on ‘bolt on’ deals
Big M&A is “definitely not on my priority list” for the next few years, Shell CEO Wael Sawan told journalists yesterday.
Shell employee satisfaction at highest level in a decade, says CEO
Employees at Shell (LON: SHEL) appear to more upbeat about working at the supermajor than they have been in years.
Lose appeal against Dutch climate ruling? Shell boss shares simple plan if it happens
“We would simply let go of customers, we would stop selling,” chief executive Wael Sawan told journalists on Wednesday.
Oil giant Shell plans to exit Pakistan after 75 years
Shell (LON: SHEL) has decided to exit Pakistan in a setback for the South Asian nation that is going through its worst economic crisis.
Shell to ‘be unemotional with spend’ as board pushes financial ‘discipline’
Shell (LON: SHEL) is to adopt a a “ruthless” approach to “discipline and simplification” with a view to making the most of its existing portfolio.
North Sea M&A deals ‘dominated by large production portfolios’
There's a hotting-up M&A market in the UK North Sea, including some of the largest players like Harbour Energy. We take a look at where deals are being made.
Shell on the front line of climate change litigation
Companies are under increasing social, economic and regulatory pressure to contribute to the reduction of carbon emissions. In particular NGOs are trying to exert additional pressure by undertaking legal action. Such climate change litigation typically aims to force businesses to reduce emissions, pay for damages caused or take steps to mitigate the effects of climate change. The global number of climate change litigation cases is increasing rapidly as public awareness of climate change and its consequences increases, too.
Aberdeen ETZ: New documents formally launch consultation process
Read the documents, delivered today to council planners, members and communities, in full here.
Watchdog bans Shell’s ‘misleading’ low-carbon ads
Three ads for Shell promoting its low-carbon products have been banned for failing to make any mention of the energy giant’s ongoing “large-scale” investment in oil and gas.