Shell HQ demolition will not save Doonies farm
With Shell announcing the demolition of its former Aberdeen base, some are calling for ETZ to change its plans and spare Doonie's Farm.
With Shell announcing the demolition of its former Aberdeen base, some are calling for ETZ to change its plans and spare Doonie's Farm.
“That’s not cutting costs with a machete and being unsafe. We’re doing more with safe facilities. It’s not just good to cut costs and allocate that cash to other areas but it also facilitates financing of the company.”
Investors are expected to put Shell “under the microscope”, says financial services firm Hargreaves Lansdown, amid questions about the oil giant's broader strategy.
News that Shell (LON: SHEL) will demolish its former Aberdeen HQ has sparked debate from readers on the legacy of the building - and rumours on its history.
The chief executives of Shell and SSE have been named as two of the 14 members of Rishi Sunak’s business council.
The building has been a prominent landmark for decades.
The deliberations come as CEO Wael Sawan focuses the company’s investments on fossil fuels.
Apache has brought forward plans to end Forties, a foundation of North Sea production since the 70s, by 11 years.
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.
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 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 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 will carry out project management and engineering in Malysia. The company’s DLV2000 heavy lift and pipelay vessel will carry out the offshore installation.
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.
Melissa Read, who led the Shell UK offshore wind unit in a major expansion into Scotland, said by email that she has resigned.
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.
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.
Energy giant Shell (LON: SHEL) is funding five energy transition scholarships for masters students in the Granite City.
The Aberdeen-based helicopter operator CHC has launched software to cut customer emissions and Shell was amongst the first to try it out.
First electricity has been produced by a Dutch offshore wind farm, co-developed by London-listed supermajor Shell (LON: SHEL).
Big Oil won’t be missed by its renewable power competitors.
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 is “definitely not on my priority list” for the next few years, Shell CEO Wael Sawan told journalists yesterday.
Employees at Shell (LON: SHEL) appear to more upbeat about working at the supermajor than they have been in years.
“We would simply let go of customers, we would stop selling,” chief executive Wael Sawan told journalists on Wednesday.