Shell and Equinor to fight North Sea actions without government support
Shell is to fight for its licence to develop the Jackdaw field in the North Sea even though the government has dropped its defence of the project. Greenpeace has lodged a legal action to halt the development of Jackdaw and another North Sea field, Rosebank, because the original go-ahead did not take Scope 3 or product user emissions into account.
Climate tech startup Mantel to use molten salt to capture factory flue CO2 with $30 mln funding from Shell, VCs
European oil majors Shell and Eni have led an early stage funding round for climate technology start-up Mantel Capture, which aims to use molten salts to capture carbon dioxide emissions at refineries, factories and other industrial sites.
Shell to Supply LNG to Turkey, Strengthen Energy Security
SHEL's supply agreement with Turkey should support its energy needs and make up for almost 8% of its current gas requirement.
Shell to Sell Sinco Pipeline and Colex Terminal to Edgewater
SHEL's subsidiary plans to divest its Sinco pipeline and Colex terminal to Edgewater, simplifying its portfolio and focusing on lower-emission projects.
Shell (SHEL) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Shell (SHEL) have what it takes?
Shell to axe fifth of exploration staff starting with Britain
Shell PLC (LSE:SHEL, NYSE:SHEL) is to axe 20% of its exploration and development workforce as chief executive Wael Sawan accelerates his cost-cutting plans, according to Reuters. Hundreds of jobs will be cut around with Britain and the Netherlands to be hit hardest said the report.
Exclusive: Shell plans wide cuts in oil exploration division, sources say
Shell plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in renewables and low-carbon businesses, company sources said.
Rosebank, Jackdaw development defence dropped by government
Britain's government will not defend legal challenges against the development of North Sea oil fields Rosebank and Jackdaw. Brought by Greenpeace and Uplift, the cases surround development at the sites, which are respectively west of Shetland and east of Aberdeen.
Shell's Nigerian Onshore Asset Sale Faces Regulatory Hurdles
SHEL states that it is not selling its onshore assets directly to Renaissance. The transaction involves a transfer of shares, which means that it will only transfer the ownership of the assets.
Petrol should be 6p cheaper a litre as drivers overcharged, RAC warns
Forecourt prices should be slashed as petrol is sold for 6p more a litre than it should currently be worth, according to RAC. The motor group said an average price of 142p was far ahead of the 103p a litre wholesale value last week, with a coinciding drop in oil and strengthening of the pound meaning drivers should be paying less at the pump.
Shell's Zydeco Pipeline to Undergo Maintenance in September
SHEL's Zydeco pipeline eases transportation bottlenecks for the crude that arrives in Houston from the prolific Eagle Ford shale, and the Permian and Bakken regions.
Royal Dutch Shell Has Strong Cash Flow That Justifies Its Valuation
Royal Dutch Shell is a large oil company with a market capitalization of $225 billion, offering low valuation and substantial shareholder returns. The company had a strong second quarter with $13.5 billion in CFFO, $6.3 billion in adjusted earnings, and $10 billion in FCF, supporting hefty shareholder returns. Royal Dutch Shell is focusing on new projects worldwide to generate over 500 thousand barrels/day, with a strong presence in LNG and impressive capital allocation for shareholder returns.
