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...The 68-year-old Shell Petroleum Development Company of Nigeria will be acquired by a consortium of local and international companies for at least $1.3bn, the UK-listed oil major said on Tuesday....
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...The Dangote Group said Shell’s crude would be used for an initial test of the facility’s capabilities before the processing of diesel, aviation fuel and liquefied petroleum gas and latterly premium motor...
...Oil majors Shell and BP offer scholarships and apprenticeship programmes to lure more young people to the sector....
...Apparently, back in ancient times (pre-2005), ancient people used to calculate Shell’s market cap by taking the market caps of Royal Dutch Petroleum and Shell Transport & Trading, and adding them together...
...Shares in BP, Shell, ExxonMobil and Chevron were all largely unchanged by late Wednesday afternoon in London....
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
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...Taking into account plant closures and sales, Shell will have reduced its capacity by 33 per cent over that period, while BP’s will have fallen by 10 per cent....
...Last June, it agreed to sell 4mn tonnes a year of LNG to China National Petroleum Corporation for 27 years, following a similar deal with China’s Sinopec in November 2022....
...Steve Hill, head of liquefied natural gas trading at Shell, will depart the company after eight years....
...Lego is fundamentally a product that is petroleum-based. I mean, ABS plastic has a core element of petroleum. Their entire product is based on oil....
...BP’s shares are 12 per cent lower since he resigned, outpacing declines from rivals Shell and TotalEnergies....
...The refinery has the potential to transform Africa’s biggest oil producer from importing refined petroleum products to becoming a net exporter....
...Ellison’s bid would also add a deep bench of media operators including former NBCUniversal chief Jeff Shell, who would run broadcaster CBS as well as Paramount’s cable networks, which include MTV and Nickelodeon...
...parentheses where not blindingly obvious: Associated British Foods Barclays Bank Barratt Developments Bass (InterContinental Hotels Group) BAT Industries British Aerospace (BAE Systems) British Petroleum...
...Shell declined to comment....
...Shell is committing $500mn a year in capital expenditure in 2024-25 to expand its EV charging footprint globally, including the UK....
...Shell, for example, has developed an AI tool for monitoring methane emissions....
...To replace petroleum-derived chemicals, Foessel looked for similar molecular structures in nature, eventually alighting on micro-algae oils, plant seed oils and a plant wax....
...BlackRock is set to invest $550mn into the world’s biggest direct air capture project, which is being developed by Occidental Petroleum, in a sign of growing investor confidence in the nascent technology...
...It also names ConocoPhillips, Chevron and the American Petroleum Institute as defendants....
...surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined petroleum...
...At the COP28 climate conference in December, companies representing about a third of global oil and gas production including ExxonMobil, TotalEnergies, BP and Shell pledged to stop routine flaring of excess...
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