Jun 03, 2021 09:32 AM IST
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.
- Feb 11, 2021 06:19 PM IST
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.
- Dec 21, 2020 01:45 PM IST
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.
- Aug 12, 2020 10:15 PM IST
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.
- Aug 09, 2020 04:02 PM IST
The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter.
- Jun 30, 2020 04:18 PM IST
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.
- Apr 30, 2020 02:35 PM IST
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.
- Oct 31, 2019 09:19 PM IST
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.
- Jun 28, 2019 01:32 PM IST
Shell and Exxon Mobil had a joint venture there prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.
- Jan 09, 2019 11:23 AM IST
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.
- Aug 27, 2018 04:45 PM IST
Hazira LNG & Port venture comprises two companies Hazira LNG that operates an LNG regasification terminal in Gujarat.
- Jun 25, 2018 06:05 PM IST
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).
- Apr 13, 2018 04:22 PM IST
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.
- Feb 01, 2018 03:01 PM IST
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.
- Nov 01, 2017 10:00 AM IST
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.
- Oct 18, 2017 07:59 AM IST
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.
- Sep 26, 2017 10:10 AM IST
"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.
- May 23, 2017 12:55 PM IST
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.
- Jan 17, 2017 04:12 PM IST
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.
- Nov 24, 2016 02:29 PM IST
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.
- Nov 01, 2016 01:05 PM IST
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.
- Oct 13, 2016 01:12 PM IST
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.
- Oct 01, 2016 12:28 PM IST
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.
- Jun 14, 2016 03:26 PM IST
Rajeev Mathur, the MD of Mahanagar Gas expects the volume growth to be around 7-8 percent in the current fiscal.
- May 25, 2016 08:01 PM IST
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.