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  • After Coal, the Oil market will be the next battleground between producers and environmentalists  Jun 03, 2021 09:32 AM IST

    After Coal, the Oil market will be the next battleground between producers and environmentalists 

    Environmentalists have tasted blood in the first big victory against the powerful oil industry. Their influence may be limited but in an extremely tight oil market, every supply restriction can impact prices. 

  • Shell turns to forests and the earth to soak up its emissions Feb 11, 2021 06:19 PM IST

    Shell turns to forests and the earth to soak up its emissions

    Chief Executive Ben van Beurden said in a presentation he could imagine its nature-based offset solution portfolio growing to 300 million tonnes a year.

  • Shell writes down up to $4.5 billion in oil and gas assets Dec 21, 2020 01:45 PM IST

    Shell writes down up to $4.5 billion in oil and gas assets

    In an update ahead of its fourth-quarter results, the Anglo-Dutch company said it expects oil and gas production in its upstream division to be around 2.275 and 2.350 million barrels of oil equivalent per day, impacted by the closure of platforms in the Gulf of Mexico due to hurricanes as well as mild weather in Northern Europe.

  • Shell said to be eyeing stake in Nayara's $9 billion Indian petchem project Aug 12, 2020 10:15 PM IST

    Shell said to be eyeing stake in Nayara's $9 billion Indian petchem project

    Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical capacities.

  • Oil giants' production cuts come to 1 million bpd as they post massive writedowns Aug 09, 2020 04:02 PM IST

    Oil giants' production cuts come to 1 million bpd as they post massive writedowns

    The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter.

  • Shell to write down as much as $22 billion after coronavirus hit Jun 30, 2020 04:18 PM IST

    Shell to write down as much as $22 billion after coronavirus hit

    The Anglo-Dutch company has already been preparing a major overhaul after CEO Ben van Beurden laid out plans in April to reduce Shell's greenhouse gas emissions to net zero by 2050.

  • Royal Dutch Shell cuts dividend for first time since World War Two Apr 30, 2020 02:35 PM IST

    Royal Dutch Shell cuts dividend for first time since World War Two

    Shell also suspended the next tranche of its share buyback programme and said it was reducing oil and gas output by nearly a quarter after its net profit almost halved in the first three months of 2020.

  • Big Oil, investors face returns reckoning amid darkening economy Oct 31, 2019 09:19 PM IST

    Big Oil, investors face returns reckoning amid darkening economy

    The stark warnings led to sharp drops in the shares of both companies, weakening investors' appetite for the oil and gas sector which has underperformed most other industries in recent years.

  • Shell, Exxon Mobil eye re-entry into Somalia's upstream sector Jun 28, 2019 01:32 PM IST

    Shell, Exxon Mobil eye re-entry into Somalia's upstream sector

    Shell and Exxon Mobil had a joint venture there prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.

  • Shell completes acquisition of Total's 26% stake in Hazira LNG Jan 09, 2019 11:23 AM IST

    Shell completes acquisition of Total's 26% stake in Hazira LNG

    Shell had in August 2018 announced plans to buy Total's stake in Hazira LNG and Port venture which comprises of two companies - Hazira LNG that operates an LNG regasification terminal in Gujarat and Hazira Port, which manages a direct berthing multi-cargo port at Hazira.

  • Royal Dutch Shell to buy out Total in Hazira LNG terminal Aug 27, 2018 04:45 PM IST

    Royal Dutch Shell to buy out Total in Hazira LNG terminal

    Hazira LNG & Port venture comprises two companies Hazira LNG that operates an LNG regasification terminal in Gujarat.

  • Shell, Exxon not to seek compensation for end of Groningen gas production: government Jun 25, 2018 06:05 PM IST

    Shell, Exxon not to seek compensation for end of Groningen gas production: government

    The Dutch government expects that around 450 billion cubic metres (bcm) of gas will be left in the ground at the Groningen field, with an estimated value of 70 billion euros ($81.5 billion).

  • Shell sells 8.5% stake in Mahanagar Gas Apr 13, 2018 04:22 PM IST

    Shell sells 8.5% stake in Mahanagar Gas

    BG Asia Pacific Holdings (BGAPH), a wholly owned subsidiary of Shell, reduced its shareholding in MGL from 32.5 percent to 24 percent, MGL said in a regulatory filing.

  • Shell says annual profit almost triples to $13 bn Feb 01, 2018 03:01 PM IST

    Shell says annual profit almost triples to $13 bn

    Net or bottom-line earnings for the full year compared with a figure of USD 4.6 billion in 2016, the Anglo-Dutch energy giant revealed in a statement.

  • Shell opens its third largest lubricants plant in Singapore Nov 01, 2017 10:00 AM IST

    Shell opens its third largest lubricants plant in Singapore

    The integrated lubricants and grease production facility in Tuas is able to produce up to 430 million litres or about 390 kilotonnes of lubricants and greases annually, which is enough to change the engine oil of over 12,000 cars, every hour and every day, the company said.

  • Shell opens first fast electric vehicle charging at UK petrol stations Oct 18, 2017 07:59 AM IST

    Shell opens first fast electric vehicle charging at UK petrol stations

    The service, which charges most electric vehicle batteries from zero to 80 percent within half an hour, is the oil major's first foray into fast-charging electric vehicles, whose use is set to grow with consumers' demand for cleaner cars.

  • Rising diesel consumption is main driver for higher oil demand in 2017: Shell Sep 26, 2017 10:10 AM IST

    Rising diesel consumption is main driver for higher oil demand in 2017: Shell

    "Last year, the majority of the demand growth (was) other products and gasoline. Diesel only made up 27 percent of year-on-year demand growth. This year it is 50 percent and that is huge," said Mike Muller, Shell's vice president of crude trading and supply, at an industry conference in Singapore.

  • Shell, Engie exit Kakinada LNG project May 23, 2017 12:55 PM IST

    Shell, Engie exit Kakinada LNG project

    Post exit of Shell and Engie (previously known as GDF Suez), state-owned gas utility GAIL India Ltd is negotiating with Andhra Pradesh government on possible structure of the project, GAIL Chairman and Managing Director B C Tripathi said.

  • Asian oil refinery margins jump on outages in Mideast, Asia Jan 17, 2017 04:12 PM IST

    Asian oil refinery margins jump on outages in Mideast, Asia

    The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers began to implement their agreed production cuts from January to reduce global oversupply.

  • Oil companies shoulder pain of downturn with lower output Nov 24, 2016 02:29 PM IST

    Oil companies shoulder pain of downturn with lower output

    The aggregated production of 109 listed companies that produce more than a third of the world's oil fell in the third quarter of 2016 by 838,000 barrels per day from a year earlier to 33.88 million bpd, data provided by Morgan Stanley showed.

  • Shell reports 18% rise in quarterly profit, beating forecasts Nov 01, 2016 01:05 PM IST

    Shell reports 18% rise in quarterly profit, beating forecasts

    Net income in the quarter, based on a current cost of supplies (CCS) and excluding exceptional items, rose to USD 2.8 billion, which the company said compared with analysts' expectations of USD 1.71 billion.

  • India to double LNG import capacity to 50 mn tonnes in a yr: Min Oct 13, 2016 01:12 PM IST

    India to double LNG import capacity to 50 mn tonnes in a yr: Min

    The nation currently has capacity to import 21 million tonnes per annum of super-cooled gas (liquefied natural gas or LNG) in ships. This liquid gas is turned back into gaseous state, called regassification, before being supplied to customers like power plants.

  • Petronas weighs sale to exit $27 bn Canada LNG project: Sources Oct 01, 2016 12:28 PM IST

    Petronas weighs sale to exit $27 bn Canada LNG project: Sources

    Petronas, as the company is known, said in a statement on Saturday that it "categorically denied" the Reuters report on Friday that the company is considering the stake sale.

  • 'Good time to go public': IPO-bound Mahanagar Gas Jun 14, 2016 03:26 PM IST

    'Good time to go public': IPO-bound Mahanagar Gas

    Rajeev Mathur, the MD of Mahanagar Gas expects the volume growth to be around 7-8 percent in the current fiscal.

  • Shell to cut 2,200 more jobs in face of weak oil prices May 25, 2016 08:01 PM IST

    Shell to cut 2,200 more jobs in face of weak oil prices

    Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.

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