Ben Van Beurden

Oil & Gas

Shell to invest $10bn in Brazil


Shell said it plans to invest $10billion in Brazil over the next five years now the country has increased opportunities for foreign firms in its oil industry.

Oil & Gas

Overtime ban leaves workers marooned on Brent Alpha


An overtime ban by disgruntled offshore workers has left a number of employees marooned on Shell’s Brent Alpha platform in the North Sea. Following the firm’s second quarter results announcement, Shell chief executive Ben van Beurden said the company had “seen difficulties with logistics” relating to helicopter transport, but did not elaborate. A spokesman for Shell later said an aircraft scheduled to pick up workers on Alpha was unable to land due to a shortage of available helideck operatives, and had to return to Sumburgh

Oil & Gas

Shell says sale of 17 assets “active” after posting 72% slide in Q2 earnings


The boss at Royal Dutch Shell (LON: RDSB) said today that the firm is “enjoying” the benefits of recent efforts to get its North Sea business in shape, but declined to rule out additional job losses. Shell chief executive Ben van Beurden said the company had done more to lower costs and enhance reliability in the North Sea than in any other mature basin. Speaking after Shell reported a 72% drop in second quarter earnings, Mr van Beurden said the companies’ North Sea portfolio was “contributing” in the face of “tough” economic conditions.

Oil & Gas

Brexit uncertainty could hinder Shell’s £20bn divestment programme – report


The boss of Shell has told investors that the uncertainty created by the Brexit referendum result could delay the firm’s divestment plans, a news report said. Shell chief executive Ben van Beurden set out plans to sell more than £20billion worth of assets over the next two years following the oil major’s takeover of rival firm BG Group earlier this year. Mr van Beurden has also said the company is mulling the sale of ageing assets in the North Sea, but would not exit the UK continental shelf completely.