Energy giants Shell, TotalEnergies and Chevron posted lowered profits in Q2 2023 as commodity prices slump following a high in 2022, Reuters reported on Thursday.
Shell (SHEL.L) and TotalEnergies (TTEF.PA) reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened.
Cutting oil and gas production would be “dangerous and irresponsible”, the boss of energy giant Shell has told the BBC.
Only three companies traded more Russian liquified gas, two of them Russian, while only four countries supplied more to Shell’s traders in 2022.
Nigerian authorities and Shell’s local subsidiary were on Monday investigating the cause of an oil spill on the Trans Niger pipeline that lasted several days.
ABUJA, Nigeria (AP) — A new oil spill at a Shell facility in Nigeria has contaminated farmland and a river, upending livelihoods in the fishing and farming communities in part of the Niger Delta, which has long endured environmental pollution caused by the oil industry.
Is the energy transition narrative losing its dominant position in the energy debate? It’s a question I’ve been asking myself and others increasingly over the course of this year, one that arose again Wednesday, when Shell CEO Wael Sawan announced his company will be joining its fellow integrated majors in refocusing on its core business of producing, refining and selling oil and gas.
Oil giant Shell plans to boost fossil fuel production even as the company says it still aims to zero out greenhouse gas emissions by 2050. Critics concerned about climate change say to meet that target, the company should be cutting production, not increasing drilling for oil and gas.
British energy giant Shell is boosting its oil and gas production to book profits in the near term. It’s also building out electric vehicle charging stations across Asia.
Shell has awarded Worley an enterprise framework agreement (EFA) to support Shell’s projects worldwide.