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 (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.
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.
Greenpeace has raised concerns about a Shell joint venture in Iraq, which could provide benefits to a company linked to the Iranian regime.
A London judge dismissed a lawsuit accusing Shell (LON: SHEL) board members of failing to manage climate change risks.
“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.
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.
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 has launched a six-month marketing process for its 30% stake in the Cambo oilfield in the West of Shetland.
The groups also protested Standard Chartered’s AGM in London, again citing concerns around the impact on the Philippines.
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.
The joint venture is reviewing ways to manage the emissions, including the feasibility of carbon capture and storage.
Shell (LON: SHEL) has exited a major carbon capture and storage (CCS) project in the UK after a review of its portfolio.
Shell (LON:SHEL) recently restarted operations at the Pierce field in the UK Central North Sea, following this we looked at the other projects that are set to come online this year.
The US Supreme Court turned away oil-company appeals that sought a key procedural edge in about two dozen lawsuits blaming the industry for contributing to climate change.
Unite says the North Sea strikes could bring platforms to a standstill, though this has been played down by operating companies.
Deltic Energy (LON: DELT) looks to drill a "similar sized prospect to Pensacola in the summer of 2024".
A senior Nigerian minister urged the country’s president to end a long-running dispute with Eni and Shell to allow the companies to finally develop a prized deepwater oil licence.
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 has restarted operations at the Pierce field in the UK Central North Sea, following a "significant upgrade".
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.
It comes as the EU said leaving the thousands of tonnes of oil-sediment contents in place would be “environmentally and socially unacceptable”.
The UK’s offshore regulator has approved further drilling at Shell’s Penguins project, expected to begin this month.
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 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.