The company posted a record $39.9bn annual profit (£32.2bn), beating the previous record of $28.4bn, (£22.9bn), set in 2008.
Europe’s Fossil Fuel Use Is Set to Plummet in 2023
As the European Union focuses on renewable energy sources to replace Russia’s energy supply, the amount of electricity generated from fossil fuels is expected to plummet.
Shell considers quitting the energy market, threatening up to 2,000 jobs in the UK
Shell Energy is threatening up to 2,000 jobs in the UK after it announced that it was looking at quitting the energy industry.
Russia mulls fresh mobilisation of half-a-million conscripts for Ukraine
The Kremlin is still refusing to confirm speculation but quietly removed a rule that exempted fathers with three or more children from mobilization
Russian airbase was hit in a drone attack, and three killed
Russian military personnel were killed when a Ukrainian drone attacked an area in Russia’s Saratov Region. This was reported by Russian news agencies, citing the defense ministry.
Russia forced to slash oil output by half a million barrels a day
Russia is planning to reduce its oil production by tens of millions of barrels per day in response to a Western price limit that threatens the Kremlin’s revenues.
Shell Is Selling Stakes in UK North Sea Oil Fields
According to Bloomberg News marketing materials, Shell Plc has decided to sell its stakes in North Sea oil fields.
Russia-Ukraine war at a glance: what we know on day 269 of the invasion
Kyiv could face ‘complete shutdown’ of power amid crippled Ukrainian grid; hundreds of Ukrainians disappeared in Kherson, say war crime researchers
Russia says British navy personnel blew up Nord Stream gas pipelines – Reuters
MOSCOW, Oct 29 (Reuters) – Russia’s defence ministry on Saturday said that British navy personnel blew up the Nord Stream gas pipelines last month, directly accusing a leading NATO member
Russian energy giant Gazprom begins testing gas supplies from the Kovykta fields to China’s pipeline
Gazprom, Russia’s energy giant, said Tuesday that it had begun testing the supply of natural gas from the Kovykta, east Siberia’s largest, to the China-bound Power of Siberia pipeline.
Nord Stream 1’s insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars in potential claims
The mystery surrounding the explosions that damaged undersea gas pipes between Russia and Germany remains unsolved. Nord Stream 1’s insurance and reinsurers are trying to figure out how to handle