Big Oil Bosses: What the CEOs made as their companies broke records
It has been well documented how the oil and gas supermajors made record profits last year, however, how much does it pay to be in charge of these firms as they take home billions?
Shell
Shell completes Pierce field redevelopment after ‘significant upgrade’
Shell has restarted operations at the Pierce field in the UK Central North Sea, following a "significant upgrade".
China’s LNG demand no threat to Europe this year
China could replace Europe as the world’s balancing market, according to Shell’s vice president of energy marketing Steven Hill, speaking at the firm’s LNG outlook earlier this year.
Exclusive: UK concedes ground on ‘hazardous wastes’ in Shell Brent legs
It comes as the EU said leaving the thousands of tonnes of oil-sediment contents in place would be “environmentally and socially unacceptable”.
Shell gets greenlight for further drilling at Penguins East
The UK’s offshore regulator has approved further drilling at Shell’s Penguins project, expected to begin this month.
Foreign flight from Russia helps push ruble to lowest in a year
Speculation that Shell (LON: SHEL) may convert and repatriate more than $1 billion of ruble earnings from the sale of a project in the Far East has helped drive the Russian currency to its weakest level in a year.
Energy giant Shell expects boost in gas production
Energy giant Shell has said it expects to have produced more gas in the opening three months of this year than it did during the close of last year even as prices drop from recent extremes.
Oil majors sued by Kazakh government over billions in revenue
The companies operating two major oil fields in Kazakhstan are being taken to arbitration by the nation’s government, with billions of dollars of revenue at stake amid allegations of unapproved spending, according to people familiar with the matter.
Shell to take off from CHC’s Dyce hanger for the next five years
Dyce-based helicopter operator, CHC, has secured a multimillion-pound contract with energy supermajor Shell (LON: SHEL) to support its operations in the North Sea for five years.
FTSE boosted by energy stocks as oil prices spike
London's FTSE 100 grazed the 7,700 mark at the start of the second quarter of the year, continuing its winning streak after surging oil prices pushed shares in the biggest oil companies higher.
Shell farms out Mauritania stake to QatarEnergy
QE struck a deal with ExxonMobil Canada on March 29 to access to more exploration, with drilling imminent.
New Shell CEO brings renewables under one management
Recently appointed Shell (LON: SHEL) chief executive, Wael Sawan, is bringing its low carbon and renewables energy roles under one management.
Acorn backers ‘ready to step up’ following Track 2 CCUS announcement
Backers of the Scottish Cluster and the north-east’s Acorn carbon capture project welcomed news that the scheme is a frontrunner for the government’s Track 2 funding process.
Shell CFO says shareholders focusing more on energy security
Shell Plc investors are showing more interest in energy security in the wake of the crisis triggered by Russia’s invasion of Ukraine, according to Chief Financial Officer Sinead Gorman.
Decom rebates help lower Shell’s UK tax bill to just £6.5m
Rebates for Shell's decommissioning expenses helped offset millions of pounds paid in windfall taxes.
D&I champion and offshore worker Samantha Jayne Nelson to speak at cHerRies Conference
Around 15 years ago, Samantha Jayne Nelson came back to work after the Christmas break and sent out an email to her work colleagues.
‘I’m very happy they are here’: New Aberdeen Shell office turns Chapel Street into lunchtime hotspot
Staff at the new Shell HQ on Aberdeen’s Union Street are still bedding into their city centre home.
Fury as north-east pensioners left out of Shell profit bonanza
Workers who have retired from Shell (LON: SHEL) are furious after the oil and gas giant declined a rise in pension payments despite booking record profits and paying out huge bonuses to staff.
Hartshead strikes deal to use Shell platform as tie-back host for North Sea gas fields
Australia’s Hartshead Resources (ASX:HHR) has struck a deal with the Shell (LON: SHEL) to use the latter’s Leman Alpha platform as a tie-back host.
Diamond Offshore rig returns to work with Shell UK
A Diamond Offshore (NYSE: DO) drilling rig has returned to work with Shell in the UK North Sea following repairs.
Shell invites local business to new Aberdeen office launch
Energy supermajor Shell (LON:SHEL) has cut the ribbon on its new offices in the heart of Aberdeen, holding a special ceremony that welcomed local businesses.
North Sea braced for strikes as ballots close for 1,000 workers
The North Sea is bracing for a wave of strikes as ballots close today for more than 1,000 offshore workers.
Shell takes FID on Gulf of Mexico’s Dover tieback
Shell (LON:SHEL) has announced it will move forward with Dover, a new subsea tieback to its Appomattox hub in the US Gulf of Mexico.
Shell completes sale of stakes in Malaysia’s Baram Delta
Shell has completed the sale of a pair of non-operated stakes in Malaysia’s Baram Delta, concluding a process initiated two years ago.
UK pension funds may vote against Shell, BP directors, FT says
The UK’s Universities Superannuation Scheme and Borders to Coast plan to vote against the renewal of some directors at Shell and BP at their annual meetings if the companies don’t improve their commitments to carbon emission reductions, the Financial Times reported, citing representatives from pension funds.