Shell must be at the vanguard of the “unstoppable” energy transition, its chief executive said today.
Ben Van Beurden
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.
Shell's chief executive Ben van Beurden called on the industry to be the "contrarian in the room" and speak the "undeniable truth" about energy's future.
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
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.
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.
The boss at Royal Dutch Shell has reportedly said further job losses could “absolutely” take place at the company. Shell chief executive Ben van Beurden said in an interview with the Sunday Telegraph cuts were always a possibility in the absence of large deals being struck. Shell is axing about 12,500 roles this year due to a combination of low oil prices and its takeover of BG Group.
Shell's boss Ben Van Beurden has said the company is taking a "good look" at some of the company's more mature North Sea assets.
The boss of Royal Dutch Shell (LON: RDSB) wants the oil and gas giant to play a big part in the UK’s quest to meet climate change targets, “when it makes business sense”. Shell chief executive Ben van Beurden also expects the UK’s energy demand to level off as the country becomes more fuel efficient. “Social, political and geographical conditions differ from country to country," Mr van Beurden will say today at the company’s Powering Progress Together Forum. "In other words, the energy transition is likely to play out in a different way and at a different pace in different places.
Shell and Russia's gas major Gazprom will jointly invest $13 billion in three projects in Russia.
Shell chief executive Ben Van Beurden spelled out his main goal last week - surpass Exxon Mobil to become the best-performing oil major.
Shell boss Ben Van Beurden said the company was fully focused on being the world's number one oil and gas company.
Shell is to dramatically scale down investment and look for more cost savings as it attempts to adapt to a lower oil price environment.
Shell's chief executive Ben van Beurden this morning confirmed a host of strategies aimed at curbing Shell's spending and strengthening its financial position, including targeting up to 10 country exits.
Shareholders in Royal Dutch Shell have voted overwhelmingly in favour of chief executive Ben van Beurden’s £4.3million pay packet at the oil giant’s annual general meeting.
Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”
Shell boss Ben van Beurden said he was “very, very confident” oil price would more than double.
The boss of ConocoPhillips, Ryan Lance, has been confirmed as a speaker at ONS 2016, which takes place in Stavanger between August 29-September 1.
Shell’s Ben van Beurden said the industry must create a “brave new world of energy”.
Royal Dutch Shell Plc is “puling out all the stops to safeguard” its dividend in a world where oil prices remain “lower for longer,” chief executive officer Ben Van Beurden said.
The Shadow climate change minister of the Labour Party said the board of oil giant Shell should be calling for its chief executives resignation.