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Shell buys renewable energy company for $1.55 billion
- Company targets net-zero emissions by 2050
Shell and TotalEnergies buy shares in Brazil's Atapu oil and gas field
- Petrobras holds majority share at 52.5% while Shell and TotalEnergies have 25% and 22.5%, respectively
Shell outlines six steps to lowering company's carbon emissions
- 'By 2050, we will no longer serve customers who have unmitigated carbon emissions,' Shell says
Mitsubishi to cooperate with Shell in green hydrogen production
- Move aims to speed worldwide trend toward decarbonization by producing green hydrogen
Shell announces withdrawal from Russian oil and gas
- Company will immediately stop buying Russian crude oil on spot market and will not renew term contracts, according to CEO
Shell to end equity partnerships with Gazprom entities
- Intention to exit entities includes involvement in Nord Stream 2 natural gas pipeline
Saudi Aramco signs crude supply deal with Egyptian petrochemicals firm
- Aramco will supply 100,000 barrels per day of Arabian Crude to planned refining and petrochemical complex in Egypt’s Suez Canal Economic Zone
EU banks still providing funds for fossil fuels
- HSBC, Barclays and BNP Paribas have provided over $400B to 50 oil companies including ExxonMobil, Saudi Aramco, Shell, BP since 2016, ShareAction says
Shell’s carbon capture plant emits more CO2 than it captures, study finds
-Shell says it captures 5 million tonnes of greenhouse gases although Global Witness research shows it actually emits 7.5 million tonnes of gases
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UK, Egypt vow to cooperate to fight climate change
- Senior officials affirm 'joint commitment to accelerating the fight against climate change during this critical decade'
South African court halts Shell’s seismic survey along Wild Coast
- Shell’s planned 3D seismic survey was aimed at exploring potential hydrocarbon reserves beneath seabed
29.12.2021
General
Fossil fuel lobby at COP26 larger than any single country: Analysis
- Over 500 fossil fuel lobbyists with links to big polluters accredited to climate talks in Glasgow, data show
Shell's earnings decrease in 3Q21
- Earnings impacted by Hurricane Ida, says Shell
Qatar changes state-owned energy company’s name to ‘QatarEnergy’
- Move reflects country’s views on energy efficiency, Qatari energy minister says
Shell to sell Permian assets to ConocoPhillips for $9.5 billion
- Effective transaction date is July 1, 2021, and closing is expected in fourth quarter of 2021
US Democratic lawmakers inquire of big oil firms’ role in global warming
- Lawmakers send letters to four firms, accusing them of misleading public about dangers of fossil fuels
Shell to build one of Europe's biggest biofuels facilities
- Company targets 55% reduction in traditional fuels production by 2030 and provision of more low-carbon fuels
Revenues of oil giants increase 46% in 1H21
- Saudi Aramco, Chevron, Equinor and Lukoil record highest year-over-year revenue rises
Oil up as supply disruptions continue in US Gulf of Mexico
- Investors to focus on OPEC and EIA oil market reports to be released later this week
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Shell records $3.4 billion profit in second quarter of 2021
- Revenue hits $60.5 billion in second quarter, up from $32.5 billion in previous quarter, financial results show
Ever Given ship leaves Egypt's territorial waters
- Ship heads north after 107 days of being held by local authorities
Eni merges concessions in Western Egypt
- Deal will unlock considerable resources, strengthening Eni's role as largest gas producer in Egypt
Oil giants increase profits to $46 billion in Q121
- BP records highest year-over-year rise in profit
Suez Canal Authority won’t seek arbitration on Ever Given ship
- Ever Given blocked international trade in Suez Canal after it ran aground in the waterway in March
31.05.2021
Middle East-Africa
Shell plans to appeal court ruling questioning its carbon emission goals
-Firm describes Dutch court decision as disappointing, reiterates efforts to become net-zero emissions energy company by 2050
Shell sells shares in Deer Park refinery to Pemex for $596 million
- Deer Park Refining Limited Partnership was 50-50 joint venture between Shell and Pemex subsidiary P.M.I. Norteamerica
Mexico announces buyout of oil refinery in Texas
- Acquisition of Shell’s interest in refinery will ensure self-sufficiency for Mexico's gasoline production, says president
'Ethiopia will stick to African Union-led process on Nile dam'
- EU to observe Ethiopian elections after having second thoughts, says Ambassador Dina Mufti