Shell (LON: RDSB) plans to leave platform legs, storage cells and entrenched pipelines in the North Sea at the end of its multi-billion pound Brent decommissioning campaign, the oil major said yesterday.
Duncan Manning, Shell’s business opportunity manager on Brent Decommissioning, said the removal of certain items of subsea infrastructure was potentially dangerous for workers and had little merit for the environment.
On the back of years of research and consultation, the firm is preparing to submit its recommendations to the Department of Energy Change (DECC) by the end of the year.
The boss at Royal Dutch Shell has reportedly said further job losses could “absolutely” take place at the company.
Shell chief executive Ben van Beurden said in an interview with the Sunday Telegraph cuts were always a possibility in the absence of large deals being struck.
Shell is axing about 12,500 roles this year due to a combination of low oil prices and its takeover of BG Group.
The boss of Royal Dutch Shell (LON: RDSB) wants the oil and gas giant to play a big part in the UK’s quest to meet climate change targets, “when it makes business sense”.
Shell chief executive Ben van Beurden also expects the UK’s energy demand to level off as the country becomes more fuel efficient.
“Social, political and geographical conditions differ from country to country," Mr van Beurden will say today at the company’s Powering Progress Together Forum. "In other words, the energy transition is likely to play out in a different way and at a different pace in different places.
Oil majors Chevron and Shell are putting small refineries on the auction block as they look to trim lower-margin assets in the face of headwinds from rising crude oil prices.
A technology company that started as a spin-out from Aberdeen University yesterday revealed a widening of half year losses after losing a major contract with Shell.
They’re among the oldest oil fields in Australia still in production. Now they are proving superfluous to some of the world’s biggest producers that are purging high-cost assets to weather crude’s collapse.
Essar Power Ltd. is seeking liquefied natural gas to supply two power plants in western India after a global glut cut prices for the fuel by two-thirds since September 2014.
For months, banks including Citigroup Inc. have talked about a massive oversupply in the global market for liquefied natural gas. The head of natural gas at Royal Dutch Shell Plc, one of the world’s biggest producers of the fuel, would beg to differ.
It’s longer than three soccer fields, heavier than two aircraft carriers and powerful enough to chill gas into liquid colder than the surface of Jupiter.
