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Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts
The company's shift towards trading more in liquefied natural gas (LNG) and increased production offset reduced earnings from refining and oil trading, along with higher operating costs.
Pragati Singh Feb 03, 2024
Fossil fuel sites in Australia releasing climate-damaging methane into atmosphere
An investigative report published by a global nonprofit on Tuesday has made worrying revelations about methane leaks.
Sadhna Yadav Aug 09, 2023
Shell confirms impact of Clop ransomware attack on MOVEit file transfer tool
Shell, the oil and gas giant, acknowledges being affected by the Clop ransomware attack on the MOVEit file transfer tool, highlighting potential data breaches and ongoing investigations.
Pragati Singh Jun 16, 2023
Around 1,400 offshore oil and gas workers in UK threaten strike over better job conditions and pay
The strike call by the offshore oil and gas workers is set to hit several rigs from March 29 and until June 7 in a series of 24, 48 and 72-hour stoppages.
Barnali Pal Sinha Mar 23, 2023
Higher Crude Prices Boost 'Big Oil' Profits To $80 Billion In 2018
Big Oil had a good year in 2018, helped mostly by higher oil prices.
Arthur Villasanta Feb 11, 2019
EDF Energy and Shell join Electron's blockchain energy consortium
Consortium also includes: Baringa, Flexitricity, Kiwi Power, Northern Powergrid, Open Energi, Statkraft and UK Power Networks.
Ian Allison Feb 02, 2018
Pixie Lott wants fans to power her gig with dance moves
On Top of the World music video features Jennifer Hudson, Luan Santana, Pixie Lott, Yemi Alade and Monali Thakur.
Toyin Owoseje Dec 01, 2017
Oil titan Shell is backing the electric car future by building powerful chargers across Europe
A European-wide plan to install 400 electric car charging stations has just been given a boost: Shell has signed on.
James Hetherington Nov 28, 2017
'Big oil' players are not 'big data' laggards, says tech start-up co-founder
Babur Ozden, co-founder of Maana, who works with the biggest names in the oil and sector believes it's wrong to presume the industry trails digitally.
Gaurav Sharma Sep 12, 2017
BP to list US pipeline company on New York Stock Exchange
Multimillion dollar IPO expected stateside as oil major bids to raise cash.
Gaurav Sharma Sep 11, 2017
Shell plans over 400 job cuts at projects and technology department
Report claims the move is caused by shift in the oil and gas giant's business model.
Staff Reporter Jul 31, 2017
'My next car will be electric,' says oil giant Shell's boss
Ben Van Beurden believes move to electrify the economy is a good thing.
Staff Reporter Jul 27, 2017
Oil price hits 8-week high as European 'Big Oil' stalwarts see reversal in fortunes
Shell, Total, Statoil and Repsol post encouraging quarterly financials and hint at recovery from three-year long decline.
Gaurav Sharma Jul 27, 2017
The $5bn tussle: Shell and SoftBank vie for Asian renewable energy producer
Reports say oil giant and technology company among several others bidding for Equis Energy.
Staff Reporter Jul 25, 2017
Shell to install electric car chargers at UK petrol stations
First stations to get chargers will be in Greater London and Derby.
Alistair Charlton Jul 18, 2017
Roughneck's best friend: Meet four-legged oil and gas industry 'cobot' ANYmal
As automation and robotics adoption rises in oil and gas business, mechanical creatures could herald changes.
Gaurav Sharma Jul 18, 2017
Energy transition chatter should go beyond Western viewpoints, says Shell CEO
Don't be tone deaf to energy transition concerns of emerging economies, Ben van Beurden tells the World Petroleum Congress.
Gaurav Sharma Jul 11, 2017
Dismantling North Sea oil and gas rigs could cost UK taxpayers £60bn
Oil and Gas Authority warns the cost of decommissioning oil and gas projects could spiral out of control.
Dan Cancian Jun 29, 2017
Shell Eco-Marathon: How the world's most efficient cars are shaping motoring's future
IBTimes UK drives two highly efficient prototype cars ahead of the Shell Eco-Marathon in London.
Alistair Charlton May 24, 2017
FTSE Moves: World markets tumble as controversy over Trump links to Kremlin deepens
London market tumbles after hitting an all-time high earlier this week.
Roger Baird May 18, 2017
Top Shell lawyer says lower extraction costs helping oil industry cope with downturn
David Brinley, oil and gas giant's General Counsel, says technology playing big part in weathering industry turbulence.
Gaurav Sharma May 10, 2017
Arrow Energy awarded license to build gas pipeline in Queensland
Move intended to ease a gas supply shortage in Australia.
Karthick Arvinth May 01, 2017
Oil giant Shell admits dealing with money launderer during corruption probe
Emails allegedly show Shell executives knew convicted ex-oil minister would pocket more than $1bn.
Elsa Buchanan Apr 11, 2017
Shell to sell 50% stake in New Zealand gas field
Energy giant to sell its interest in Kapuni gas field to local venture partner Todd Energy.
Karthick Arvinth Apr 06, 2017
Top executive pay continues to grow despite shareholder efforts to rein in packages
Pay ratios between chief executives and shop floor workers shows no signs of narrowing.
Roger Baird Mar 10, 2017
FTSE Moves: Oil stocks drag London market lower
West Texas Intermediate crude falls below $50 for first time since December, prompting fears about world trade.
Roger Baird Mar 09, 2017
Shell sells Canadian oil sands sites for $7.3bn as it reshapes the group
The oil major continues to streamline the group after its $47bn takeover of BG two years ago.
Roger Baird Mar 09, 2017
Camisea Project gas arrives in UK amid concerns over indigenous threat
Arrival of the gas also leaves questions over fracking in the UK
Oli Gamp Mar 04, 2017
FTSE Moves: London market pauses for breadth while global stocks jump
Trader punished Cobham after the UK aerospace group warned on profits for the fifth time in less than two years.
Roger Baird Feb 16, 2017
BP posts annual loss for the second year in a row
Oil giant and the rest of the industry suffers amid weak oil prices.
Roger Baird Feb 07, 2017
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