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
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.
‘Perennial issue’ as North Sea explorers over-hype their prospects
There's been numerous cases over the last decade in UK North Sea exploration where company estimates have been way off the mark.
Who have been the UK North Sea exploration standouts?
New data has highlighted the “standout” firms carrying out exploration in the UK North Sea in recent years.
Oil and gas emissions predicted to rise for North Sea companies
Emissions from oil and gas produced in the UK are projected to increase by 2030 for some companies, new analysis has found.
‘Go to Hell Shell’: Protestors delay Shell AGM by an hour with singing
The Shell AGM was delayed by over an hour due to the interruption of climate protestors, kicking off at around 11 am.
Shell facing more climate change pressure following record profits
Campaigners expected to protest inside and outside AGM
Shell, Equinor inch towards HGA on Tanzania LNG
Equinor has reported its block holds more than 20 trillion cubic feet, while Shell’s blocks have 15 tcf.
Shell facing tense clash on climate at AGM after year of record profits
Shell is set to face a tense annual general meeting that could be dominated by clashes over climate action after the oil major saw a record year of profits.
Shell demands profits from green energy unit, not just CO2 cuts
Shell (LON: SHEL) executives are telling their renewable power business that it needs to become more profitable, not just deliver lower carbon emissions, and pull back from the less successful elements of its clean-energy strategy.
Shell plans sale of French floating wind power unit Eolfi
Shell (LON: SHEL) is seeking to sell French floating wind developer Eolfi, a potential retreat from one element of its renewable power plans as new Chief Executive Officer Wael Sawan pushes to deliver greater value to shareholders.
UK hydrogen sector risks ‘falling behind’, industry leaders agree
The UK government needs to act now if it wants to be a world leader in the hydrogen sector, industry leaders from Shell and Hydrogen UK have said.
Shell linked to Iranian company power payments in Iraq
Greenpeace has raised concerns about a Shell joint venture in Iraq, which could provide benefits to a company linked to the Iranian regime.
Lawsuit targeting Shell board over climate failures is thrown out
A London judge dismissed a lawsuit accusing Shell (LON: SHEL) board members of failing to manage climate change risks.
Shell sees off Bonga case at Supreme Court
“The claimants’ lawyers spent five years and eight hearings to pursue this matter, disregarding the court’s time and costs. With no further right of appeal, this judgment brings an end to the claims here in England," a Shell representative said.
Church of England to vote against Shell chair on climate
The Church of England pension funds will vote against Shell chairman Andrew Mackenzie and the rest of the board in a rebuke to the company’s climate ambitions under new Chief Executive Officer Wael Sawan.
‘Still work to do’ on Shell’s Penguins FPSO
Shell would not be drawn on a sailaway and start-up date for its next North Sea development, with the Penguins FPSO set to remain in Norway for several more months.
Shell launches fresh sales process for stake in Cambo oilfield
Shell has launched a six-month marketing process for its 30% stake in the Cambo oilfield in the West of Shetland.
Philippines LNG protest comes to London, targets Shell, financiers
The groups also protested Standard Chartered’s AGM in London, again citing concerns around the impact on the Philippines.
Shell looks to plug gap amid ‘significant undervaluation’ of shares
Shell’s new boss Wael Sawan said his team is working hard to earn investor trust in bid to help close what many see as a growing gulf in valuations between European and US oil majors.
Shell is selling its stake in Australian gas project to BP
The joint venture is reviewing ways to manage the emissions, including the feasibility of carbon capture and storage.