Dutch Environmental Organization Initiates New Climate Lawsuit Against Shell to Halt All Investments in New Oil and Gas Projects
Dutch Environmental Group Launches New Climate Case Against Shell to Stop All Investment in New Oil and Gas Fields The Dutch NGO that won a historic court verdict in 2021 in a pioneering climate lawsuit against the oil major Shell announced on Tuesday that it is launching a new case against the company, with the […]
Shell Unveils $3.5 Billion Share Buyback Following $5.58 Billion Profit Surge
Shell launches $3.5bn share buyback as profits hit $5.58bn Shell (SHEL.L) has announced a new $3.5bn (£2.55bn) share buyback programme, its 14th consecutive quarter of repurchases of at least $3bn, after posting better-than-expected earnings for the first quarter of 2025. The Anglo-Dutch energy major reported adjusted earnings of $5.58bn for the three months to March, […]
Trinidad and Tobago Broadens Offshore Oil and Gas Bidding Opportunities
Trinidad and Tobago Expands Offshore Oil and Gas Bidding Trinidad and Tobago has steadily been developing its fossil fuel potential in line with regional growth. Neighbouring Guyana has attracted attention from numerous international oil majors eyeing Caribbean oil and gas, which has, in turn, garnered greater attention in Trinidad and Tobago’s energy sector. While some […]
Multi-Billion Dollar Ventures at Risk: UK’s Largest Untapped Oil & Gas Partners Face Setback, Yet Shell, Equinor, and Ithaca Stay Optimistic
Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat In the wake of a new court ruling, the development of two hydrocarbon projects – said to be the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) – has […]
TechnipFMC to Provide Subsea Production Systems for Shell’s Oil and Gas Project in Nigeria
TechnipFMC to deliver subsea production systems for Shell’s oil & gas project off Nigeria UK-headquartered energy technology provider TechnipFMC has secured a contract with Shell to deliver subsea production systems for a deepwater oil and gas project off the coast of Nigeria for which the final investment decision (FID) was reported earlier today. As part […]
Shell aims to expand its US oil inventory with subsea tie-back to Gulf of Mexico asset
Shell sets its cap on enlarging US oil arsenal with subsea tie-back to Gulf of Mexico asset Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has greenlighted another multi-well development project to enrich oil production from an asset lying in a water depth of about 2,450 meters (approximately 8,000 feet) in the U.S. […]
Equinor and Shell Collaborative Partnership
Equinor and Shell joint venture Equinor and Shell have unveiled plans to form a JV that will combine their UK offshore oil and gas assets. According to Equinor, the new JV will be the UK North Sea’s “largest independent oil and gas producer”. The venture, equally owned by both companies, will aim to ensure the […]
Shell Appeals to Court to Allow Continuation of UK North Sea Oil and Gas Projects
Shell Urges Court Not to Halt UK North Sea Oil and Gas Projects Shell Plc urged a UK court not to threaten the commercial viability of a North Sea gas field by halting its development, despite acknowledging that the approval process for the project was flawed. In a case that’s likely to have significant implications […]
BP Lowers Oil Production Goals in Strategic Shift, Sources Reveal
bp drops oil output target in strategy reset, sources say BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP’s strategy was the sector’s […]