Sunday, December 22, 2024
Shell’s LNG trading head to step down weeks after posting $2.4 billion profit- oil and gas 360

Shell’s LNG trading head to step down weeks after posting $2.4 billion profit

Oil Price Just weeks after posting $2.4 billion in trading profits from liquefied natural gas (LNG) in the fourth quarter of last year, the long-time head of Shell’s LNG, natural gas and power trading unit, Steve Hill, is stepping down, the supergiant announced on Monday. Hill will officially step down from his position as head of Shell Energy on March

Shell, bp, others join NSTA’s decommissioning dashboard to support operational cost efficiency- oil and gas 360

Shell, bp, others join NSTA’s decommissioning dashboard to support operational cost efficiency

World Oil (WO) – Cost-efficient decommissioning has received a significant boost with the relaunch of a bigger, better digital data dashboard providing vital information about upcoming work to potential suppliers. The Decommissioning Data Visibility Dashboard now includes field-specific information from 15 operators, compared with three when it was piloted by the North Sea Transition Authority (NSTA) and the Decommissioning and

EXCLUSIVE-Shell's US solar unit launches asset sale, sources say- oil and gas 360

EXCLUSIVE-Shell’s US solar unit launches asset sale, sources say

Nasdaq NEW YORK – Shell’s SHEL.L U.S. solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major extends a retreat from owning renewables projects under CEO Wael Sawan. Investment bank Jefferies JEF.N is running the sale of up to 10.6 gigawatts (GW) of solar generation and storage

Raging wildfire threatens Texas oil rigs, refinery- oil and gas 360

Raging wildfire threatens Texas oil rigs, refinery

Oil Price Texas Panhandle oil refineries and cattle ranches remain under critical threat as wildfires continue to spread, now consuming 500,000 acres after having prompted the temporary evacuation of the United States’ primary nuclear weapons assembly plant. Earlier on Wednesday, Texas Governor Greg Abbott had declared a disaster for 60 counties being affected by four separate wildfires that have so

Shell earned $2.4 billion from LNG trading in Q4- oil and gas 360

Shell earned $2.4 billion from LNG trading in Q4

Oil Price Shell earned $2.4 billion from LNG trading in the fourth quarter amid strong demand for the fuel ahead of the winter, with LNG trades contributing to almost a third of its Q4 adjusted earnings, Reuters reported on Friday, quoting sources close to the UK-based supermajor. The LNG trading profit for the final quarter of 2023 was among the highest quarterly

QatarEnergy to supply crude oil to Shell for five years in “first ever” contract agreement- oil and gas 360

QatarEnergy to supply crude oil to Shell for five years in “first ever” contract agreement

World Oil (WO) – QatarEnergy has announced a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell). The agreement stipulates the supply of up to 18 MMbbl per annum of Qatar Land and Qatar Marine crude oils to Shell starting January 2024. QatarEnergy and Shell have a long-standing strategic partnership through several shared investments in the

Shell extends job cuts as CEO seeks to trim costs- oil and gas 360

Shell extends job cuts as CEO seeks to trim costs

World Oil (Bloomberg) — Shell Plc has begun cutting jobs beyond previously announced reductions in its low-carbon division as CEO Wael Sawan seeks to trim costs and be more competitive with U.S. rivals, people familiar with the matter said. Roles are being eliminated on a division-by-division basis, with those affected offered options including redundancy packages or applying for jobs elsewhere

Shell advances Gulf of Mexico growth with Sparta project investment- oil and gas 360

Shell advances Gulf of Mexico growth with Sparta project investment

World Oil (WO) — Shell Offshore Inc., a subsidiary of Shell plc, has made a final investment decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects. Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), Sparta is expected to reach a

Exclusive-Venezuela close to approving offshore gas license with Trinidad, Shell- oil and gas 360

Exclusive-Venezuela close to approving offshore gas license with Trinidad, Shell

Yahoo Finance Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said. The license could set in motion a long-running effort by Trinidad to boost its gas processing and

Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO- oil and gas 360

Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO

US News LONDON – Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, it said on Wednesday. The staff cuts and organizational changes come after Sawan, who took the helm in January, vowed to revamp Shell’s strategy to focus

Analysis: Mega transatlantic oil mergers less likely after Exxon, Chevron deals- oil and gas 360

Analysis: Mega transatlantic oil mergers less likely after Exxon, Chevron deals

Yahoo Finance LONDON – The prospect of Exxon Mobil or Chevron buying European majors has receded after the two leading U.S. oil companies announced major acquisitions focused on the Americas this month, investors said. Speculation that Chevron and Exxon might try to buy rivals BP and Shell intensified over the last two years as the European majors underperformed their U.S.