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CNOOC and Shell Announce Major Expansion of Petrochemical Complex in South China

CNOOC and Shell Announce Major Expansion of Petrochemical Complex in South China

- CNOOC and Shell Petrochemicals Company Limited (CSPC) is expanding in South China to deliver advanced petrochemicals and specialty chemicals by 2028

15.01.2025 General

Shell to explore for oil and natural gas in Bulgarian Black Sea zone

Shell to explore for oil and natural gas in Bulgarian Black Sea zone

- Bulgaria partners with Shell to explore oil and gas reserves in Black Sea's Block 1-26 Khan Tervel

12.12.2024 Natural Gas Oil

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

Equinor, Shell join to form independent oil and gas company in UK

Equinor, Shell join to form independent oil and gas company in UK

- New company expected to produce over 140,000 barrels of oil equivalent per day in 2025

05.12.2024 Natural Gas Oil Energy Diplomacy

Energy giants pledge $500 million to tackle climate change

Energy giants pledge $500 million to tackle climate change

- bp, Equinor, Shell, and TotalEnergies committed $500 million at COP29 to enhance global energy access and advance sustainable energy solutions

15.11.2024 Finance

Shell beats market expectations with $6 billion profit in 3Q24

Shell beats market expectations with $6 billion profit in 3Q24

- Energy giant's adjusted earnings exceeds forecasts by 12% despite lower oil prices and weaker refining margins

31.10.2024 Oil Finance

TotalEnergies, Equinor and Shell open facilities to store CO2 in Norway

TotalEnergies, Equinor and Shell open facilities to store CO2 in Norway

- Northern Lights is slated to be world's first commercial CO2 transportation and storage project, with initial capacity of 1.5 million tons of carbon dioxide equivalent per year

26.09.2024 General

Türkiye's BOTAS, TotalEnergies sign 10-year LNG deal

Türkiye's BOTAS, TotalEnergies sign 10-year LNG deal

- Agreement includes annual delivery of approximately 1.6 bcm of LNG to Türkiye across 16 cargoes for 10 years, starting in 2027

18.09.2024 Energy Diplomacy

Shell reports 18.6% profit fall in 2Q24

Shell reports 18.6% profit fall in 2Q24

- Decline in company's second-quarter profit is driven by low prices and sales levels, as well as weak liquefied natural gas (LNG) trading

02.08.2024 Finance

EV drivers opt for longer routes to avoid bad charging experiences, report shows

EV drivers opt for longer routes to avoid bad charging experiences, report shows

-Study shows drivers willing to travel further for faster charging, retail options and dining facilities

16.07.2024 General

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Shell beats market expectations with $7.7 billion in 1Q24 profit

Shell beats market expectations with $7.7 billion in 1Q24 profit

- Oil major announces commencement of another $3.5 billion buyback program for next 3 months

02.05.2024 Oil Finance

Shell predicts over 50% surge in global LNG demand by 2040

Shell predicts over 50% surge in global LNG demand by 2040

LNG demand expected to reach around 625-685 million tonnes a year in 2040, says energy major Shell

14.02.2024 Lng/Lpg

UK agrees to 1 million tonnes LNG purchase deal with Repsol

UK agrees to 1 million tonnes LNG purchase deal with Repsol

- "We stand ready to invest several billion pounds in additional projects," Centrica group chief executive O'Shea said hinting at future projects

08.02.2024 General

International firms pledge to advance sustainable energy in Libya

International firms pledge to advance sustainable energy in Libya

- Officials at major energy companies operating in Libya speak summit which is focal point for evaluating investment opportunities in country

14.01.2024 International Relations General

QatarEnergy announces 5-year crude oil supply deal with Shell for 18M barrels per year

QatarEnergy announces 5-year crude oil supply deal with Shell for 18M barrels per year

Head of QatarEnergy describes deal as 'our first ever five-year crude sales agreement’

28.12.2023 Oil

Shell announces gas discovery in northeastern Egypt

Shell announces gas discovery in northeastern Egypt

- Primary data confirms existence of a gas-bearing deposit in offshore Nile Delta

21.11.2023 Oil

QatarEnergy, Shell sign 27-year LNG supply agreements to Netherlands

QatarEnergy, Shell sign 27-year LNG supply agreements to Netherlands

- 'These agreements reaffirm Qatar’s commitment to help meeting Europe's energy demands,' says minister Al-Kaabi

18.10.2023 Lng/Lpg

Shell to exit Pakistan through shares sale

Shell to exit Pakistan through shares sale

- Shell commences process of selling its 77.42% stake in Shell Pakistan Ltd.

15.06.2023 Oil

Shell exits energy retail business in UK, Germany and Netherlands

Shell exits energy retail business in UK, Germany and Netherlands

- Company is in talks with potential buyer for business takeover in Europe

06.06.2023 Oil Europe

Kazakhstan starts arbitration proceedings against oil majors over revenues

Kazakhstan starts arbitration proceedings against oil majors over revenues

- Lawsuits have been filed in interest of people of Kazakhstan, says country’s energy minister

11.04.2023 Oil International Relations Middle East-Africa

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Shell predicts EU LNG demand will dominate trade, spur race for new supplies

Shell predicts EU LNG demand will dominate trade, spur race for new supplies

- In LNG Outlook 2023, company urges more investment in liquefaction projects to avoid emergence of supply-demand gap by late 2020s

17.02.2023 Natural Gas World

Europe LNG imports rise 60% in 2022

Europe LNG imports rise 60% in 2022

- Larger LNG demand from Europe forces other buyers to switch to alternative fuels, leading to higher emissions

16.02.2023 Natural Gas Lng/Lpg International Organization Europe

Malaysia’s eastern Sabah state to gain control of its gas resources

Malaysia’s eastern Sabah state to gain control of its gas resources

- Sabah contains around 12% of country's gas reserves and 25% of its oil reserves

21.12.2022 Natural Gas Asia

UAE, Malaysia sign historic oil deal: Report

UAE, Malaysia sign historic oil deal: Report

- Deal marks first time that a Malaysian company will invest in and explore for hydrocarbons in Abu Dhabi

06.12.2022 Oil World

Spanish energy company Repsol to sell 25% of upstream unit for $4.8B

Spanish energy company Repsol to sell 25% of upstream unit for $4.8B

- Repsol says deal with US investor EIG will help it reach net zero emissions by 2050

07.09.2022 World Europe

Shell records $18 billion profit in second quarter of 2022

Shell records $18 billion profit in second quarter of 2022

- Revenue hits $100 billion in second quarter, up from $84.2 billion in previous quarter, financial results show

29.07.2022 Oil News from companies World Europe

Shell to shut down Prelude LNG due to labor dispute

Shell to shut down Prelude LNG due to labor dispute

- Prelude can produce 3.6 million tons of LNG per year

12.07.2022 Natural Gas Lng/Lpg Europe Eurasia Asia General

Shell to participate in Qatar's LNG expansion

Shell to participate in Qatar's LNG expansion

- Shell to hold 25% share in joint venture LNG company

06.07.2022 Lng/Lpg Asia

Can Venezuela be alternative to compensate lost Russian oil?

Can Venezuela be alternative to compensate lost Russian oil?

- Although US-sanctioned Venezuelan oil has brought on table to meet EU states’ crude oil need, country’s oil infrastructure is unlikely to be viable alternative, experts say

09.06.2022 Oil International Relations Europe Americas

Shell and SGH Energy to develop Crux gas project in Western Australia

Shell and SGH Energy to develop Crux gas project in Western Australia

- Crux field to supply Prelude FLNG facility with up to 550 million standard cubic feet of gas per day

30.05.2022 Natural Gas Projects International Relations Asia

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