Shell to freeze salaries for majority of staff amid overhaul
Shell will freeze salaries for most of its employees this year, according to people with knowledge of the matter, as it looks to save cash amid an overhaul of the company.
Ben Van Beurden
UK remains ‘core position’ for Shell oil business amid net zero drive
Shell has named the UK North Sea as one of nine “core positions” for its oil and gas business going forward, as it today revealed its net zero strategy.
Shell considering onshore Nigeria sales
Shell is "reviewing" further sales of assets in Nigeria, the company said.
Shell unveils ‘accelerated’ net zero strategy, confirms oil production peaked in 2019
Shell has launched a new “accelerated” strategy to get to net zero, and confirmed that oil production peaked for the company in 2019.
Shell boss sees ‘room for spending’ on upstream projects in 2021
Shell’s boss said today that the recent “strong recovery” in oil prices meant the supermajor would have “room to spend” cash on upstream projects, including in the North Sea.
Shell sinks to losses of £19.8bn in 2020 as Covid bites
Shell recorded pre-tax losses of £19.8 billion during an “extraordinary” 2020 marked by the Covid-19 pandemic and lower commodities prices.
Shell plans up to 9,000 job cuts worldwide
Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.
Shell sees ‘running room’ in West of Shetland
Shell has reiterated its “commitment” to the North Sea and West of Shetland, saying there is still “running room” in the region.
Shell CEO says ‘we will resize as appropriate’ as firm eyes job cuts
Shell CEO Ben van Beurden has said the energy giant will “resize as appropriate” as it moves to become a “simpler and leaner” organisation.
Shell posts $18bn loss in second quarter
Shell has posted losses of $18.1billion (£14bn) for the second quarter of 2020 as oil, LNG and gas prices remain depressed.
Shell UK boss: ‘We need to look long and hard at our choices’
Shell is looking “long and hard” at its organisation and portfolio as it works to emerge from Covid and move towards net zero, according to its UK boss.
Shell warns of Covid-19 impairments of up to £17.8billion
Shell has warned it will take impairments of up to £17.8billon ahead of its second quarter results due to the impact of the Covid-19 pandemic.
Shell plans ‘major restructuring’ in net zero push: Report
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
Shell boss ‘bothered’ by depiction of firm as ‘unwelcome player’ in energy transition
Royal Dutch Shell Plc had been turning out about 2.7 million barrels of oil each day until the novel coronavirus took hold of the world.
‘Big win’ as Shell urged by more shareholder activists to meet climate targets
A shareholder activist group has claimed a ‘big win’ after an increase in the number of investor votes urging Shell to meet its climate targets.
Can oil recover from coronavirus? An industry debate is underway
When the pandemic is all over will society go back to driving cars and hopping on planes with nary a worry as it did just two short months ago?
Shell boss says headcount reductions ‘probable’ in time, while projects also at risk
Shell’s boss has said the firm will “probably” have to reduce its headcount and “resize” parts of the organisation the longer the oil price slump lasts.
Updated: Shell boss paid £8.7m last year, 87 times more than average UK employee
Shell chief executive Ben van Beurden’s total pay package was cut in half last year, but he still took home a whopping sum of almost £9 million.
Shell CEO sees ‘no reason’ to change North Sea investment despite climate protests
The boss of energy giant Shell has said he sees “no reason” to change its investment plans for the North Sea, despite a number of climate protests against the UK oil and gas business.
Shell boss calls for cross-sector collaboration on climate change
Royal Dutch Shell CEO Ben van Beurden used his speech at the Oil & Money event in London to call for greater collaboration between industry sectors.
Greenpeace activists target Shell and BP at ‘Oil and Money’ conference
Climate activists halted an awards ceremony involving the chief executives of oil majors BP and Shell at a major industry conference last night.
Shell monitoring Hormuz tensions closely, CEO says
Shell boss Ben van Beurden said today that the company was closely monitoring tensions in the Strait of Hormuz.
Shell CEO joins global commission on energy efficiency
Shell CEO Ben van Beurden has been unveiled as part of a global commission to help global progress on energy efficiency.
Shell to pump billions into ‘very high quality’ North Sea business
Shell's boss said yesterday that the energy major will invest "billions of dollars" in the UK North Sea in the coming years.
Animal rights group calls on Shell North Sea to go vegan for a day
Animal rights group Peta has called on energy giant Shell to go vegan for a day on its North Sea platforms.