Supermajors look to ‘value over volume’ as upstream capex plummets
Despite record cash generation, supermajors are investing $100bn less in upstream capex than a decade ago as low-cost, low-emissions projects take priority.
Shell
Are my massive energy bills fuelling Centrica’s profits?
Centrica has followed much larger companies such as BP and Shell in reporting annual results for last year which broke previous records.
Aberdeen’s ETZ appoints NSTA and Shell bosses to board
ETZ Ltd has added a further two Aberdeen energy veterans to its board, ahead of what it says will be a “crucial period of delivery”.
Energean talks CCS in Egypt with Shell’s Idku plant
The company went on to say there may be opportunities in future to take emissions from other sources, such as fertiliser producers.
Shell fires up Vito, with Whale to follow
Where Vito has led, Shell’s Whale will follow. The company reached FID on Whale in 2021 and it is due to begin producing in 2024.
New Shell office puts Aberdeen cafes on high alert as 1,000 potential customers flood in
As 1,000 Shell employees start moving into their new office on Aberdeen’s Union Street this week, local cafes and restaurants are rolling out the red carpet.
Shell: European demand, US supply to drive LNG market
More investments in liquefaction is needed to head off a supply-demand gap that the company sees emerging in the late 2020s. Last year, the company put this supply-demand gap opening up by mid-decade.
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
Bechtel to decarbonise Shell’s Idku under unified power plan
The agreement follows a memorandum of understanding (MoU) signed at the same conference in 2022.
From love letters to relationship advice, activists share the love this Valentine’s Day
The 14th of February is all about sharing the love and letting those closest to you know how you feel, and activist groups have not held back in sharing their views this Valentine's Day.
Activists disembark Shell Penguins FPSO as vessel arrives in Norway
Activists from the climate group Greenpeace have left the Shell (LON: SHEL) Penguins FPSO after almost a fortnight onboard.
Shell board hit with investor lawsuit over lack of climate ambition
Shell (LON: SHEL) faces a new front in climate litigation as a group of frustrated shareholders launch a lawsuit against the oil giant’s board in the UK.
Shell Pensacola discovery opens ‘new play fairway’ in North Sea
The largest discovery in a decade for the region will now open up more than a dozen other prospects in the Southern North Sea.
Shell Penguins FPSO takes shelter ‘due to deteriorating weather conditions’
That is despite claims from environmental group Greenpeace that protestors on-board have “interrupted” Shell’s “business as usual”.
Shell hits region’s largest gas find in a decade at Pensacola
Deltic Energy has reported a significant gas and oil discovery at the Shell-operated Pensacola prospect in the Southern North Sea.
Shell hits Greenpeace protestors on Penguins FPSO with injunction
Shell (LON: SHEL) has filed an injunction against two Greenpeace vessels in a bid to deter protestors who have now been on board its Penguins FPSO for 100 hours.
$24bn subsea spend eyed in Asia Pacific over next five years
Some $24 billion is expected to be spent on subsea and offshore pipelines in Asia Pacific over the next five years, data from energy research firm Wood Mackenzie shows.
‘Stability through thick and thin’ key to future investments, says Shell CEO
Shell’s (LON: SHEL) top boss has made a plea for “stability” as calls for an escalation to the North Sea windfall tax continue to circle.
More climate litigation coming for directors
“Personal claims against directors may be a potential area of growth. Directors will have to take the threat seriously, as they have an impact on their professional and personal lives,” Calvert warned.
Shell profits could ‘come at a cost’ in form of ‘further windfall taxes’, warn analysts
News of Shell (LON: SHEL) recording record annual profits could come back to bite the oil and gas giant, as well as its counterparts.
Start-up confirmed Shell Pierce North Sea gas project
Production at the Pierce gas expansion project in the UK North Sea is now underway, Shell (LON: SHEL) has confirmed.
Shell faces additional Niger Delta environmental claims
“It is high time that it addressed the ongoing pollution caused to these communities by its operations. The question must be asked whether Shell simply plans to leave the Niger Delta without addressing the environmental disaster which has unfolded under its watch?”
Shell sets new record as annual profits more than double to $40bn
Shell (LON: SHEL) has hit a new all-time earnings high after the supermajor more than doubled its year-on-year profits.
‘High interest’ in Hartshead’s Southern North Sea gas plays
Hartshead Resources says it has received “high interest” from parties keen to partner up on a pair of UK gas fields.
Shell is selling ‘carbon neutral’ fossil fuels again
Emboldened by new industry guidelines, natural gas companies are renewing their efforts to sell “carbon neutral” fossil fuels, a controversial practice of offsetting a shipment’s emissions to shrink its environmental impact.