shell
Shell said on Friday it would register an impairment charge of up to $2 billion, meaning it will downgrade the value of its assets. The write-down is linked to events at Shell's Singapore and Rotterdam plants, which have been sources of disappointment for the firm. On Tuesday, the fuel giant said it would be pausing construction at its biofuel site in Rotterdam, a Dutch port city, because of weak demand. As part of a push to finance more sustainable energy projects, Shell began constructing the plant in 2021. Initial forecasts expected the 820,000-ton-a-year site to become operational by 2025,...
Euronews (English)
British oil and gas company Shell Plc revised its second quarter outlook on Thursday. The company expects production in integrated gas to be in the range of 940 thousand barrels of oil equivalent per day (kboe/d)-980 kboe/d for the second quarter. Trading and optimization results are expected to be in line with the second quarter of 2023, but lower compared to the first-quarter of 2024 due to seasonality. Quarterly production in upstream is expected to be in the range of 1,720 kboe/d-1,820 kboe/d.In Marketing, the company expects quarterly sales volumes to be in the range of 2,700 kb/d-3,100 k...
DPA International
British oil and gas company Shell Plc revised its second quarter outlook on Thursday. The company expects production in integrated gas to be in the range of 940 thousand barrels of oil equivalent per day (kboe/d)-980 kboe/d for the second quarter. Trading and optimization results are expected to be in line with the second quarter of 2023, but lower compared to the first-quarter of 2024 due to seasonality. Quarterly production in upstream is expected to be in the range of 1,720 kboe/d-1,820 kboe/d.In Marketing, the company expects quarterly sales volumes to be in the range of 2,700 kb/d-3,100 k...
DPA
British oil and gas company Shell Plc revised its second quarter outlook on Thursday. The company expects production in integrated gas to be in the range of 940 thousand barrels of oil equivalent per day (kboe/d)-980 kboe/d for the second quarter. Trading and optimization results are expected to be in line with the second quarter of 2023, but lower compared to the first-quarter of 2024 due to seasonality. Quarterly production in upstream is expected to be in the range of 1,720 kboe/d-1,820 kboe/d.In Marketing, the company expects quarterly sales volumes to be in the range of 2,700 kb/d-3,100 k...
DPA Breaking News
British oil and gas multinational Shell has temporarily stopped the construction of the biofuel plant at the Shell Energy and Chemicals Park Rotterdam, the company said on Tuesday. Shell aims to address several challenges and ensure the future competitiveness of the plant in light of current market conditions, it said in a statement. Huibert Vigeveno, Director Downstream, Renewables and Energy Solutions at Shell, said: "Pausing construction now will give us the time to assess the most commercial path forward for the project."
DPA International
British oil and gas multinational Shell has temporarily stopped the construction of the biofuel plant at the Shell Energy and Chemicals Park Rotterdam, the company said on Tuesday. Shell aims to address several challenges and ensure the future competitiveness of the plant in light of current market conditions, it said in a statement. Huibert Vigeveno, Director Downstream, Renewables and Energy Solutions at Shell, said: "Pausing construction now will give us the time to assess the most commercial path forward for the project."
DPA
British oil and gas multinational Shell has temporarily stopped the construction of the biofuel plant at the Shell Energy and Chemicals Park Rotterdam, the company said on Tuesday. Shell aims to address several challenges and ensure the future competitiveness of the plant in light of current market conditions, it said in a statement. Huibert Vigeveno, Director Downstream, Renewables and Energy Solutions at Shell, said: "Pausing construction now will give us the time to assess the most commercial path forward for the project."
DPA Breaking News
Shell Canada Products, a subsidiary of Shell plc, has confirmed plans to invest in two carbon capture projects in Canada. Shell Canada Products announced on Wednesday the final investment decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park in Scotford in the Canadian province of Alberta. Polaris is designed to capture approximately 650,000 tons of CO2 annually from the Shell-owned Scotford refinery and chemicals complex. Shell also announced FID to proceed with the Atlas Carbon Storage Hub in partnership with ATCO EnPower. The first phase of Atlas will p...
DPA Breaking News
More than a fifth of shareholders voted against Shell’s current climate strategy during the company’s annual general meeting (AGM) in London yesterday. At the same time, they rejected a climate resolution filed by shareholder activist group Follow This. The NGO, which unites shareholders in oil and gas companies to support climate resolutions, called for the company to align its targets with Paris Agreement goals. It is the first AGM since Shell scaled back several climate commitments earlier this year. In March, the company weakened its 2030 carbon reduction targets. It cited a strong demand ...
Euronews (English)
Activists from the anonymous collective Brandalism have replaced more than 200 adverts around the UK without permission with satirical posters protesting what it says is Shell’s “lethal legacy”. They are calling for sports organisations, shareholders, local authorities and advertising agencies to reject money from Shell and other fossil fuel companies. This guerrilla protest action comes just days before shareholders are due to meet for the oil company’s AGM on 21 May. Brandalism says its stunt “takes aim at Shell’s political lobbying and the oil major's use of marketing strategies to maintain...
Euronews (English)
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