Shell

The deal, if done, would have been the largest corporate deal this year, according to WSJ

Russia seeks over $1 billion in damages from Shell, report says

Shell had a stake in a liquefied natural gas-producing plant on the Pacific island of Sakhalin led by Kremlin-controlled Gazprom.

Russia files lawsuit against Shell units, court documents show

The lawsuit, filed with Moscow's Arbitration Court on Oct. 2, was addressed to eight Shell units. The documents indicated it had been launched by Gazprom Export, the Russian energy ministry, regional authorities on the Pacific island of Sakhalin, Sakhalin Energy, and the office of Russia's Prosecutor General.

Shell Plc exploring sale of 1GW renewable energy assets in India: Report

ArcelorMittal, Singapore’s Sembcorp Industries, CPPIB and JSW Neo Energy are among the entities interested in buying Sprng Energy assets

JSW MG Motor joins hands with Shell for EV charging infra

As per the partnership, JSW MG Motor India customers will be able to leverage Shell's wide fuel station network across the country for vehicle charging.

Activists urge Nigeria to delay Shell's sale of assets in polluted region over environmental worries

The London-based company is trying to sell its subsidiary Shell Petroleum Development Company which operates its onshore assets in the delta to Renaissance Africa Energy Company, a consortium of local companies. Shell says the USD 2.4 billion divestment deal is part of a "wider reconfiguration of the Nigerian oil and gas sector.

World Street | Volkswagen's 'solid' drive; cracking bonds; blocked JetBlue-Spirit merger; Taiwan's isolation; Crypto cash-out

From Volkswagen holding talks with France's Blue Solutions for solid-state battery, Bond markets facing uncertainties, Shell's Nigeria exit to JetBlue's failed Spirit acquisition, Grayscale's Bitcoin ETF outflow worth millions, here's a look at recent business developments.

Shell seeks partners for renewable assets in India

The move is part of Shell CEO Wael Sawan’s plan to improve the British energy company’s performance and improve the returns of its assets.

Shell weighs strategic review of Sprng Energy in India post $1.5 billion buyout

Set up in 2017 by sustainable infrastructure investor Actis, Pune based Sprng Energy supplies solar and wind power to electricity distribution companies in India.

Shell India appoints Mansi Madan Tripathy as new country chair

"As Country Chair of Shell India, Mansi will oversee Shell Group of companies in India, in addition to her role as Vice President, Shell Lubricants for Asia Pacific. Mansi will relocate from Singapore to New Delhi, her home city, to take up the role," it said.

Shell ditches lower oil production target but insists it's committed to cutting emissions

Ahead of an investor update in New York on Wednesday, Europe's largest energy company argued that it had already met the target it had set for itself in 2021 through asset sales.

Shell keeps oil output steady until 2030 instead of cut

Shell will seek to stabilise liquids production to 2030, it said in a statement ahead of an investor day, having previously called for an oil output reduction of between one and two percent per year.

Shell extends Norway Nyhamna gas plant maintenance on cooling system issues

Shell extended the outage to July 15 from 21 June, according to an update via the transparency pages of Norwegian gas infrastructure operator Gassco.

Hyundai ties up with Shell to install fast chargers at 36 dealerships

The company has signed a memorandum of agreement with Shell India Markets Pvt Ltd in this regard, the automaker said in a statement.

Shell to use new AI technology in deep sea oil exploration

SparkCognition's AI algorithms will process and analyze large amounts of seismic data in the hunt for new oil reservoirs by Shell, the largest oil producer in the U.S. Gulf of Mexico.

Shell posts $9.6 billion profit even as energy prices slide

Shell is the second UK energy company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.

GAIL signs pact with Shell to explore ethane sourcing

GAIL is planning to import ethane from the US to replace natural gas and naphtha as feedstock at petrochemical plants.

Shell CEO pay up 50% as soaring energy prices boosted profit

London-based Shell paid Ben van Beurden a total of 9.7 million pounds (USD 11.5 million) in 2022 as annual company profits doubled to an all-time high of USD 40 billion because Russia’s war in Ukraine sent oil and gas prices soaring.

Shell unit to acquire EV charging firm Volta for about $169 million

Shell USA Inc will acquire all outstanding shares of Class A common stock of Volta for 86 cents apiece in cash in a deal that is expected to close in the first half of the year, Volta said.

Shell CEO says governments need to tax energy firms to help poor

Europe Union ministers reached an agreement last week on an initial energy package, setting a goal to reduce power consumption and agreeing to tap windfall profits of companies and redirect them to customers and businesses.

Crude slips below $85 a barrel but OMCs may not cut fuel prices. Here’s why

Oil marketing companies have incurred huge losses on petrol and diesel retail sales this year and may take more time to recover the past losses

Shell says CEO Ben van Beurden stepping down at end of 2022

Shell said in a statement that Van Beurden, who has been at the helm since 2014, will be succeeded by Sawan, who is currently head of integrated gas, renewables and energy solutions.

Shell places US Gulf of Mexico assets up for sale

Potential divestments of some aging assets would allow the company to focus on newer and larger fields around the world

Shell sees refining profits nearly tripling, adding $1 billion to its bottom line

In a trading update, the company forecast that the profit margin it earns by refining crude oil into products like gasoline and diesel is likely to have nearly tripled in the second quarter to $28.04 a barrel, up from $10.23 a barrel in the January-March period.

Govt mulls appeal against English court order in RIL-BGEPL, pursue execution of $3.85 billion award

On June 9, the government of India lost its appeal in The English Commercial Court which gave the $111 million arbitration award in favour of the two companies.