Shell fourth quarter profits drop to $3.66bn, commences share buyback
Energy giant Shell (LON:SHEL) reported a drop in fourth quarter profits to $3.66 billion (£2.94bn) amid lower oil refining margins.
Shell
BP is not moving fast enough in the energy transition
An impending ban on petrol cars and an upcoming government review of drilling licences has created a perfect storm for supermajors.
Shell to post lower 2024 profit after year of faltering oil demand
Shell (LON:SHEL) is expected to post lower annual profit than the previous year next week, after the energy giant was hit by weak oil prices and faltering demand for the fossil fuel.
Shell finds ‘suspected unexploded ordnance’ at Shetland gas pipeline
Shell has found what it suspects could be unexploded ordnance around 50 miles off the east coast of Shetland, near a pipeline that runs from the Brent platforms to the St Fergus Gas Terminal near Peterhead.
Shell awards North Sea drilling contract to SLB
Oilfield services giant SLB (NYSE:SLB) has secured a series of major drilling contracts from Shell across its deep- and ultra-deepwater assets.
Shell and Greenpeace settle lawsuit over Penguins North Sea protest
Shell and Greenpeace UK have agreed to settle a multimillion-dollar lawsuit brought by the oil major in response to activists boarding a vessel as part of a protest in 2023.
Equinor aims to ease worker ‘uncertainty’ after Shell JV
Equinor (OSLO: EQNR) chief executive Anders Opedal acknowledged the uncertain times facing its UK-based staff following the surprise announcement of a joint venture with Shell (LON: SHEL).
New Equinor tie up marks end of Shell as North Sea operator
A deal to pool the North Sea oil and gas of Norway’s Equinor (OSLO: EQNR) and Shell (LON: SHEL) marks a significant and historic transformation of the basin.
Equinor and Shell join forces to form ‘UK North Sea’s biggest independent producer’
European supermajors Equinor (OSLO: EQNR) and Shell (LON:SHEL) are set to combine their UK offshore oil and gas assets to form the UK's largest oil and gas operator.
Big Oil’s commitment to green is going to hell in a handcart
Despite mounting pressures to clean up its act, Big Oil is in reality showing little sign of doing so with genuine commitment and, if anything, is regressing by returning to its core business of finding and producing oil, gas and condensate.
MarramWind finishes second consultation round
ScottishPower and Shell have completed a consultation on their proposed 3GW MarramWind floating offshore wind farm.
COP29: Oil majors pledge $500m energy access investment
Oil majors BP, Shell, Equinor and TotalEnergies have pledged a $500 million joint investment intended to increase energy access for people in key regions.
Deltic shares surge on ‘highly encouraging’ Shell backing for Selene well
Shell (LON:SHEL) has given the green light to the next stage of a gas discovery in the Southern North Sea, delivering a shares boost for its partner Deltic Energy (AIM:DELT).
Shell and Technip forge carbon capture technology alliance
Technip Energies (PARIS: TE) and Shell (LON:SHEL) have announced they are "moving towards global exclusivity" to deliver a carbon capture system together globally.
Courts to decide if petrol emissions are death knell for UK’s largest oil field
A hearing in the Scottish courts this week will decide if planning consent for the UK’s largest undeveloped oil field, and a mature gas basin in the North Sea, will be blocked due to emissions produced by end-use petrol and gas customers.
Dutch court overturns order for Shell to take responsibility for petrol emissions
A Dutch court has overturned a landmark ruling against Shell that would have forced the oil company to reduce emissions produced by its petrol customers.
Noble extends rig contract with Shell at Penguins
The Noble Corporation announced in its third-quarter results that its Ocean Endeavor rig has been handed additional work by UK supermajor Shell.
Shell, BP CEOs defend transition strategy with biofuel highlight
Top European energy executives have denied backpedaling on the energy transition, in part by pointing to their investments in biofuels.
Kwarteng questions if windfall tax will end
Former Chancellor Kwasi Kwarteng has raised doubts following Wednesday’s Autumn Budget as to whether the windfall tax on oil and gas profits will ever end.
Shell reveals another shareholder boon on $6 billion quarterly profit
Shell (LON:SHEL) unveiled a better-than expected $6 billion (£4.6bn) profit and another investor-pleasing buyback on the back of an increase in gas production.
BP and Shell to reveal lower profits amid decline in oil refining margin
BP (LON:BP) and Shell (LON:SHEL) are next week expected to post lower third-quarter profits than in 2023 against a backdrop of weak oil prices and faltering demand.
BP reportedly considers selling stake in offshore wind business
BP (LON:BP) is reportedly considering the sale of a minority stake in its offshore wind business as it looks to reduce the scale of its investment in the sector.
Norway’s Northern Lights CCS project completes CO2 storage facilities
The developers of the major Northern Lights carbon capture and storage (CCS) project in Norway have completed the CO2 receiving and storage facilities.
North Sea oil pollution ‘grossly underestimated’, report finds
North Sea oil pollution has been "grossly underestimated" due to an opaque and misleading reporting system and ineffective regulations, a report has found.
Legal challenge to Rosebank and Jackdaw headed for November hearing
A Scottish court has granted approval for legal challenges to the Rosebank and Jackdaw oil and gas fields to proceed to a hearing.