Shell shareholders were met with a strong statement, “Welcome to hell,” as climate activists gathered outside the oil giant’s annual general meeting.
Shell reports unprecedented first-quarter earnings of nearly $10 billion
In the first quarter of this year, Royal Dutch Shell achieved an all-time high in profits, amassing over $9.6 billion (£7.6 billion) despite a decline in oil and gas prices
Shell has launched a redeveloped oil and gas field in the North Sea
Shell gas field in the North Sea has the potential to supply gas to one million homes. Previously, the Pierce field was solely used for oil production, with gas being
Gas prices in Europe have fallen to lows not seen since September 2021
As a result of the restarting of US exports from America’s second-largest liquefied natural gasoline terminal, gas prices in Europe fell to levels not seen since September 2021.
Shell profits possibly largest ever by UK-domiciled company
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.
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.
Shell has issued a profit warning for the third quarter
This could signal that the record-breaking earnings run by the energy giant may be over.
Mystery leaks hit both Russian undersea gas lines, raising European suspicions
On Tuesday, European countries raced to investigate mysterious leaks in Russian gas pipelines that run under the Baltic Sea between Sweden and Denmark.
European Gas Prices Soar, Fire in Freeport LNG facility, Russia Supply Concern
After a fire at an American export terminal threatened to endanger supplies to Europe, natural gas prices in Europe rose.