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.
Households will pay £500 less than feared on their energy bills in the second half of this year
After the war in Ukraine, gas prices fell to their lowest level since before then.
By 2026, natural gas-only boilers could be banned
According to government consultation, the transition to hydrogen-ready models could be accelerated.
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.
Diversified Energy (AIM:DEC) Third Quarter 2022 Trading Statement
Diversified Energy Company PLC (LSE:DEC) is pleased to announce it is trading in line with expectations and provided the following operations and trading update for the quarter ended 30 September
France, Spain and Portugal agree to build Barcelona to Marseille gas pipeline
France, Portugal, and Spain announced Thursday that they would build a sea-based pipe to transport hydrogen and gas from Barcelona to Marseille. This will replace plans to extend the MidCat
ADM Energy PLC (AIM:ADME) Fundraising and Directorate Changes
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that it has raised a total of approximately £725,000 through a subscription (the “Subscription”) and
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.