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Global LNG trade steady in '20, demand to double by '40
- Natural gas has important role to play in move towards net-zero emissions that requires cleaner energy solutions: Shell
Shell's earnings down 71% in 2020 due to weak demand
- Company's profit for fourth quarter of 2020 also falls by 87%
S&P warns 13 oil and gas firms of lower credit ratings
- Rating agency says oil and gas companies are under threat of energy transition, price volatility, and weaker profitability
Shell to buy EV street-charging firm, ubitricity
- Shell plans to become a net-zero emissions energy business by 2050
25.01.2021
Electricity
Total to operate new offshore exploration in Egypt
- International consortium, including Shell, KUFPEC and Tharwa, will carry out 3D seismic campaign in first 3 years
Revenues of oil giants decline 35.8% in 3Q20
- Royal Dutch Shell records highest year-over-year decline in revenue
Shell's profit in 3rd quarter falls by 80%
- Company's adjusted earnings hit $955 million in third quarter of 2020, financial results show
29.10.2020
Oil
Shell revises down 3rd quarter peak production by 6%
- Damages from recent hurricanes in the Gulf of Mexico mainly affects production outlook
Shell to slash up to 9,000 jobs by 2022
- Company CEO says Shell aims for sustainable annual cost savings of between $2-2.5 billion
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‘UAE-Israel deal tilts balance of power towards Israel’
- Asia-Pacific groups seek OIC summit, urge global community to take proactive steps towards independent Palestinian state
Oil giants post $80B total loss in 1H20 due to virus
- Top 12 oil firms also see total revenue decline by $240 billion, or 37%, in first half of 2020
Poland's anti-monopoly watchdog fines Gazprom
- UOKIK sanctions Gazprom, Engie Energy, Uniper, OMV, Shell and Wintershall
Shell posts $18B loss, revenue fall 64% in Q2
- Weak results reflect lower prices for oil, lower realized refining margins, higher well write-offs, company says
30.07.2020
Oil
Shell: Low oil prices to lower asset value up to $22B
- Energy company points to impacts of COVID-19 and challenging commodity price environment
5 major oil firms sued for causing climate change
- US Attorney General for Columbia District says companies misled consumers and discredited climate science in pursuit of profits
Oil giants' loss exceed $20B in 1Q20 due to coronavirus
- Top 12 oil companies also see total revenue decline by $53.5 billion, or 17%, in first quarter of 2020
Turkey develops new output line for defense industry
- Mechanical and Chemical Industry Company produces cartridges of various calibers and types at Gazi Cartridge Factory
Australia to fund BP for renewable hydrogen production
- When completed in February 2021, 20,000 tonnes of renewable ammonia will be produced per year for domestic use
Shell posts 28% revenue fall and net loss in 1Q20
- CEO points to 'extremely challenging conditions' as company starts to reduce spending
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Australia signs deal with US to access oil reserves
- Australian government plans to spend $94 million for oil storage in US
Moody's changes Shell's outlook to negative
- Negative outlook reflects impact of collapsing oil prices on Shell's financial profile in 2020, rating agency says
Shell to exit Lake Charles LNG project
- Lake Charles LNG between Shell and Energy Transfer seeks to convert latter’s existing import terminal to LNG export facility in Louisiana
Oil majors prepare for further fall in prices
- Oil prices hit their lowest levels in around 17 years as coronavirus pandemic continues to weaken global oil demand
Shell to cut spending by $5 billion in 2020
- Company will also suspend its plan to buy back $25 billion worth of shares
Oil giants post $495B weekly value loss with low prices
- Six major US oil firms see their market cap decrease by total of $97 billion in five days
15.03.2020
Oil
Turkey: 4 fuel firms fined for violating competition law
- Companies include Shell&Turcas Petrol, BP, Petrol Ofisi, OPET, which supply fuel and gasoline to many gas stations all over Turkey
Climate change increases risk of bushfires in Australia
- Human-caused climate change increases chance of extreme weather and fires by at least 30% in Australia: climate study
05.03.2020
Americas
Oil giants' total income falls 40% in 2019
- Twelve oil giants also see their total revenue decline 8.5% year-over-year