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.
The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Mrs Elohor Aiboni, has expressed appreciation to the leadership of the Nigerian National Petroleum Company Ltd and the NNPC Upstream Investment Management Services (NUIMS) for the level of collaboration geared towards maximising the potential of the deepwater assets and delivering key projects to unlock value for stakeholders.
Shell on Thursday became the latest oil major to report first-quarter earnings above expectations and announced additional share repurchases of $4 billion.
(Bloomberg) – A senior Nigerian minister urged the country’s president to end a long-running dispute with Eni SpA and Shell Plc to allow the companies to finally develop a prized deepwater oil license.
Shell has a fraught history in the West African nation, where frequent spills and challenging relationships with local communities have led it to reassess the future of its onshore and shallow water operations
BP and Shell announced record annual profits of £23bn and £32bn respectively for 2022.
Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine.
Shell Upstream Namibia BV, a subsidiary of Shell Plc, is advancing drilling offshore Namibia with delivery of Northern Ocean Ltd.’s Deepsea Bollsta semisubmersible drilling rig.