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...Top oil industry executives have hit out at US President Joe Biden’s decision to pause approvals for new liquefied natural gas export terminals, with Shell’s CEO warning it will “erode confidence” in an...
...British oil and gas giants Shell and BP have jointly given at least £19.7mn to the university in philanthropic and research funding between 2016 and 2023, according to FT analysis of university data, which...
...Gross profits from commodities trading activities — including by banks, hedge funds, independent traders and asset-backed businesses such as BP and Shell — rose from about $36bn in 2018 to a record $148bn...
...to the rapid buildout of gas-fired power stations in the 1990s....
...Shell has weakened some of its climate targets to accommodate plans to keep growing its giant gas business, ditching a 2035 greenhouse gas emissions reduction target even as it maintained a net zero goal...
...“He really led Shell’s work during his tenure as CEO on transitioning it across oil and gas, renewables, sustainable aviation and transportation.”...
...Something will have to give,” he said, in his first public interview since leaving Shell....
...“The knowledge that this has partly been the result of Shell’s activities of pumping and burning oil and gas . . . for our argument towards the Dutch court, that is indeed favourable,” he said.Shell recently...
...Shell is London’s most valuable listed company and its potential exit would set off alarm bells in the UK....
...Shell has weakened some of its climate targets and strengthened others to reflect the energy major’s plans to expand its gas business even as it pushes to cut emissions to net zero by 2050....
...Sawan also said that the company “strongly, strongly believed” in liquified natural gas. The company expects 50 per cent growth in the global supply of the chilled fuel by 2040....
...The global gas market remained structurally tight, owing to the lack of Russian pipeline gas supply to Europe, Shell said....
...Oil and gas companies in the US and Canada tend to attribute a far greater portion of executive pay packets to incentives than their European counterparts....
...Europe’s largest oil and gas company said on Thursday that adjusted earnings were $28.3bn, down about a third from the record set in 2022 but higher than any other year since 2011....
...It sold its service stations in the country to Lukoil in May 2022....
...Shell made adjusted earnings of $7.3bn in the final three months of 2023 beating average analyst estimates of $6.04bn, thanks in part to a strong performance from its giant liquefied natural gas business...
...Sluggishness in refining at Shell chimes with what other oil producers are seeing....
...Currently, Britain leans heavily on gas-fired power stations to fill those gaps....
...Venture Global, the US liquefied natural gas exporter at the centre of a storm over its alleged failure to fulfil contracts, has lashed out at European buyers including Shell and BP for attempting to undermine...
...faced by the oil and gas group....
...Steve Hill, head of liquefied natural gas trading at Shell, will depart the company after eight years....
...In a campaign this summer called Ultimate Road Trips, Shell worked with gamers to create customised online racecourses — complete with Shell petrol stations — within the video game Fortnite....
...gas and upstream director, in a statement....
...In a report this month, oil and gas supermajor Shell forecast global demand for LNG would climb by more than 50 per cent to reach 625mn to 685mn tonnes by 2040, and would continue to grow during that decade...
...But a slump could squeeze profits for “portfolio” LNG companies — often oil and gas majors such as Shell and Total — whose large bets on natural gas form part of transition strategies....
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