Analysts reported that Novatek, a Russian natural gas producer, acquired Shell’s stake in the Sakhalin-2 energy project in a lucrative transaction. In June, a presidential decree made the operating company of Sakhalin-2 a Russian entity despite Western sanctions against Moscow for its actions in Ukraine. Following Moscow’s special military operation, Shell was one of many […]
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According to its annual report and calculations made by Reuters, Shell’s emissions decreased by approximately 10% in 2022 to 1.232 billion tonnes of CO2 equivalent as its fuel sales, which included gasoline and diesel, decreased by approximately 5% to 4.2 million barrels per day. In a report, Shell said that, the diminishing is generally because […]
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The oil and gas giant Shell reported record profits last year when Russia’s invasion of Ukraine caused energy prices to soar. Profits reached 39.9 billion dollars in 2022, the company’s highest level in 115 years. Energy companies have made record profits ever since the invasion of Ukraine led to an increase in the price of […]
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In light of tough market conditions, Shell announced that it is considering closing its home energy retail businesses in the United Kingdom, the Netherlands, and Germany. Over the past year, governments’ efforts to protect consumers from rising bills and skyrocketing wholesale prices have been a challenge for European energy providers. Shell stated that it had […]
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After raking in substantial profits all over the world last year, Shell announced that they would be paying tax in the UK for the first time since 2017. In the final three months of the year, the energy company said it expected to lose about 2 billion dollars on profits in the UK and the […]
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Four Nigerian farmers and their communities will receive 16 million dollars in compensation from Shell for allegedly polluting the environment through oil pipeline leaks. The oil company and Friends of the Earth, a campaign group, reached an agreement on the amount. A joint statement states that it is being given without any admission of responsibility. […]
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Shell, one of the biggest oil and gas companies in the world, now aims to offer its cooling and lubricant solutions to Bitcoin (BTC) miners. Shell will sponsor the 2023 and 2024 Bitcoin Conferences, as the company has signed a two-year partnership with the Bitcoin Magazine. Shell aims to provide carbon reduction alternatives to its […]
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Ben van Beurden, chief executive of Shell, said the gas shortages across the continent of Europe are likely to last for many upcoming winters, raising the prospect of continued energy rationing as governments across Europe are pushing to develop alternative supplies. The cuts in Russian gas supply have plunged European countries into an energy crisis, […]
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Emerging Power (EPI), renewable energy subsidiary of Nickel Asia and Shell has partnered to jointly develop, maintain, operate, and own renewable energy assets in Philippines. The joint venture aims to complete 1 gigawatt projects by 2028, with the aim of eventually contributing around 3 gigawatts to the renewable capacity of the country by launching a […]
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Shell have taken the final investment decision to Europe’s largest renewable hydrogen plant known as Holland Hydrogen I, and the plant will be operational in 2025. The 200 megawatt plant is going to be constructed on the Tweede Maasvlakte in the port of Rotterdam and it will be producing around 60,000 kilograms of renewable hydrogen […]
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