Royal Dutch Shell

Shell had bought a cargo of Russian crude oil at a record low discount, the first such trade since Russia invaded Ukraine last week.

Energy major Shell sheds 'Royal Dutch' from name

It is anticipated that Euronext Amsterdam and the London Stock Exchange will reflect the change in name on January 25. New York Stock Exchange will show the changed name on January 31.

Royal Dutch Shell mulls $500 million investment in CESL's decentralised solar business: Report

India's renewable energy space has recently seen significant interest from global energy majors.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

"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

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

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

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

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

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.