Democrats are asking the US Department of Justice to investigate major oil companies and their trade groups following a congressional probe that concluded the industry spent decades deceiving the public about climate change.
Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.
Shell Plc shareholders approved the company’s new energy transition plan with weaker carbon-emissions targets, while rejecting a resolution asking the oil and gas giant to align itself with the goals of the Paris Climate Agreement.
A group including commodity trader Glencore Plc and Indonesian chemicals business PT Chandra Asri Pacific is in advanced talks to buy Shell Plc (LON:SHEL) assets in Singapore in a deal that could be worth about $1 billion, people with knowledge of the matter said.
Shell (LON: SHEL) beat analyst forecasts with earnings of $7.7bn in Q1, as the top financial boss asks shareholder support for the oil giant's reduced climate targets.
Statera Energy's plans to produce green hydrogen in Kintore puts the Aberdeenshire town in the same league as Saudi Arabia's Neom and the Port of Rotterdam, it has been claimed.
Valaris (NYSE: VAL) has mobilised its 123 jack-up rig for work with Ithaca Energy, Shell and TAQA in the North Sea which could keep it busy for the next two years.
Former Shell (LON:SHEL) chief executive officer Ben van Beurden will join private equity group KKR as a senior advisor on green investments, reports say.
International oil companies listed in the US benefit from higher multiples, greater access to capital and a friendlier investor base, according to Shell Plc’s former chief executive officer.