Shell has dealt a setback to the UK Government’s net zero strategy by announcing its withdrawal from two significant offshore wind farm developments in the North Sea. The company has
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Shell’s chief executive, Wael Sawan, has announced that the company is preparing to capitalise on an anticipated period of depressed crude oil prices by pursuing selective bolt-on acquisitions. Speaking to
Shell is set to take a substantial noncash impairment of $600 million dollars for the third quarter after abandoning the construction of what would have been one of Europe’s largest
Shell has cancelled plans to build a major biofuels plant in Rotterdam, marking a significant retreat from green energy initiatives for one of the world’s largest oil and gas groups.
In a surprising turn of events, Shell has announced a significant weakening in its gas trading business during the second quarter, citing geopolitical uncertainties as the primary factor. The FTSE
The Big Four accountancy firm EY is facing a substantial fine following its failure to adhere to regulatory partner rotation rules in its audits of energy giant Shell. The firm
Renowned for being one of the most recent exploration hotspots globally, Namibia is contemplating offering additional incentives and financing alternatives to international majors preparing plans for offshore oil production in
An aggressive American activist hedge fund has positioned itself with a substantial £850 million bet against shares in London-listed oil group Shell. This short position, which accounts for 0.5 per
The chief executive of Shell has challenged Labour’s assertion that sustainable aviation fuels (SAF) represent a “game-changer” for Heathrow’s third runway environmental impact, highlighting the minimal current adoption of these
Shell has recommenced production at its Penguins oil field in the North Sea following a four-year pause for infrastructure modernisation. The strategic facility, positioned 150 miles northeast of the Shetland
In a landmark deal announced today, Shell and Norwegian state-owned Equinor have revealed plans to merge their UK oil and gas assets, establishing what is set to become the largest
Deltic Energy, the AIM-listed oil and gas explorer, received a major boost to its plans for international expansion with a significant new gas discovery in the UK North Sea. Coming on the heels of the UK government's latest budget, which further tightened the fiscal regime for North Sea operators, the discovery highlights both the remaining potential and challenges of Deltic's home market as it looks to leverage its exploration expertise abroad.
