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.
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.
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.
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 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.
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.
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.
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.
The number of spills fell in 2022, in part because of the shut down of exports through the Trans Niger Pipeline (TNP). The TNP runs to the Bonny terminal.
A year of high commodity prices and record profits for oil and gas majors has many questioning what to do with all their cash - with increasing amounts returned to investors via buybacks.