Trends - Royal Dutch Shell - Business Recorder

Markets

Shell expects at best steady fuel sales for first quarter

Total upstream production was expected to rise to 2.4-2.48 million barrel of oil equivalent from 2.37 million in the fourth quarter of 2020.

Published 07 Apr, 2021 12:41pm

Business & Finance

Tunisia to offer oil licences, denies Shell plans exit

"Shell informed us that it has no intention to leave the country and to sell its assets," the ministry's energy director Rached Ben Dali said at a news conference alongside Marzouki.

Published 01 Apr, 2021 06:14pm

Markets

FTSE down; Deliveroo slumps in debut

LONDON: London’s FTSE 100 fell on Wednesday, as firmer Treasury yields weighed on several sectors, while food...

Published 01 Apr, 2021 04:10am

Markets

Shell restarting small crude unit at Deer Park, Texas, refinery

The 70,000-bpd DU-1 CDU was shut on Feb. 14 by a pump seal failure, the sources said.

Published 29 Mar, 2021 12:28pm

Business & Finance

Tunisia faces exodus of Western oil giants

Shell, Eni are seeking to sell oil, gas assets –source.
OMV preparing to launch asset sales, sources say.
Tunisia has struggled to attract investments since 2011.

Published 26 Mar, 2021 08:27pm

Markets

Mining, energy stocks drag UK shares lower; Cineworld slides

The domestically focused mid-cap FTSE 250 index fell 0.2%, weighed down by financials stocks.

Published 25 Mar, 2021 02:19pm

Markets

Shell hunts for hydrogen opportunities in Australia in net zero push

In LNG, Shell's troubled Prelude floating LNG project, which was down for most of last year and resumed shipments in January, has gradually ramped up, aiming to reach its full capacity of 3.6 million tonnes a year by mid-year.

Published 25 Mar, 2021 01:46pm

Markets

British shares slightly down

LONDON: British shares fell on Tuesday, dragged down by energy and mining stocks, as fresh lockdowns and slow ...

Published 24 Mar, 2021 05:10am

Markets

Weaker pound, defensive stocks boost FTSE 100; AstraZeneca rises

The domestically focused mid-cap FTSE 250 index gained 0.2pc, supported by tech and bank stocks.

Updated 23 Mar, 2021 05:10pm

Markets

Brazil authorizes Shell, Gerdau to import LNG

The authorization was granted by the Mines and Energy Ministry for a total volume of up to 36.5 million cubic meters. The permit is valid through March 31, 2024 and limited to liquefied gas, the notice said.
Royal Dutch Shell is expected to import LNG by sea and sell the product to operators of thermal power plants, gas distributors and consumers in the unregulated natural gas market.

Published 17 Mar, 2021 07:21pm

Markets

Miners, energy stocks lift UK shares

LONDON: British shares rose on Thursday, as higher commodity prices boosted mining and energy stocks after the ...

Published 12 Mar, 2021 05:10am

Markets

Oil, travel stocks boost European shares

The oil & gas sector jumped 1.0% in Europe, while travel & leisure and banks gained more than 1.3% each.

Published 08 Mar, 2021 02:31pm

Business & Finance

Shell changes senior UK leadership in global overhaul

UK chair Sinead Lynch moves to head low-carbon fuels.
North Sea oil and gas boss Phimister also replaced.

Published 04 Mar, 2021 06:31pm

Markets

UK shares up ahead of budget

LONDON: British shares rose on Wednesday, buoyed by gains in commodity and banking stocks, while investors awaited...

Published 04 Mar, 2021 04:58am

Business & Finance

Exxon to cut 7% of Singapore workforce amid 'unprecedented market conditions'

The city-state will remain a strategic location for the company, it said.

Published 03 Mar, 2021 10:32am

Markets

Energy stocks drag FTSE 100

LONDON: London’s FTSE 100 inched lower on Tuesday, dragged down by energy stocks as oil prices slipped over fears...

Published 03 Mar, 2021 05:49am

Markets

European stocks fall

LONDON/MILAN: European stocks benchmark fell on Tuesday after recording its strongest session in four months a day...

Published 03 Mar, 2021 05:49am

Business & Finance

Shell in Germany seeks to speed up drive to go green

Aims to produce clean aviation fuel, naphtha.
To scale up 10 MW electrolysis at Wesseling to 100 MW.
Eyes several hundred million euros a year of spending.
To create carbon-free delivery chains for transport fuel.
Ties in with moves into electricity market.

Published 26 Feb, 2021 06:58pm

Markets

FTSE 100 climbs

LONDON: London’s FTSE 100 rose on Thursday, helped by mining and energy stocks that tracked higher commodity...

Published 26 Feb, 2021 05:20am

Markets

FTSE 100 flat in early trade

LONDON: London’s FTSE 100 was subdued on Tuesday as a sharp rise in the unemployment rate to 2016-highs...

Published 24 Feb, 2021 05:24am

Business & Finance

FTSE 100 falls

LONDON: London’s FTSE 100 fell on Monday as higher commodity prices sparked fears of a spike in inflation, while...

Published 23 Feb, 2021 05:20am

Markets

Financials drive FTSE 100 higher

LONDON: The FTSE 100 rose on Tuesday, helped by financial stocks that gained on bets of a vaccine-led economic...

Published 17 Feb, 2021 04:24am

Business & Finance

Shell unveils green strategy after oil output peak

LONDON: Energy giant Royal Dutch Shell declared Thursday that its oil output is locked in decline after peaking in...

Published 15 Feb, 2021 04:53am

Print

Nigerians win UK court OK to sue Shell over oil spills

LONDON: The UK Supreme Court on Friday allowed a group of 42,500 Nigerian farmers and fishermen to sue Royal Dutch...

Published 13 Feb, 2021 04:11am

World

Nigerians win UK court OK to sue Shell over oil spills

The ruling comes almost two years after a seminal ruling by the Supreme Court in a case involving mining company Vedanta.
The judgment allowed nearly 2,000 Zambian villagers to sue Vedanta in England for alleged pollution in Africa.

Published 12 Feb, 2021 05:35pm

Business & Finance

Shell turns to forests and the earth to soak up its emissions

Shell wants to ramp up its use of nature-based carbon offsets, which include forestation projects, to 120 million tonnes a year by 2030.
Many customers from individuals to companies today have no alternative to using carbon-based energy.

Published 11 Feb, 2021 05:26pm

Business & Finance

Nigeria negotiates terms with Big Oil to keep investments

Nigeria is Africa's top oil exporter.
Companies need attractive terms to invest – Kyari.
Oil majors are cutting spending worldwide.
NNPC seeking $2 bln in pre-finance for Warri, Kaduna refineries.

Published 05 Feb, 2021 08:12pm

Markets

Shell profit slides to $4.8bn in 2020 as pandemic hits demand

In a sign of confidence, Shell said it expected to raise its dividend for the first quarter of 2021 by 4% from the previous quarter.

Published 04 Feb, 2021 01:29pm

Business & Finance

Shell targets power trading and hydrogen in climate drive

BP wants to boost its renewable generation capacity 20 fold by 2030 while Total is aiming to have 100 gigawatts (GW) of gross renewable energy generation capacity by 2030.

Published 01 Feb, 2021 12:47pm

World

Dutch court orders Shell to pay Nigerian farmers for oil leaks

THE HAGUE: A Dutch court on Friday ordered Shell to compensate Nigerian farmers for oil spills that polluted swathes...

Updated 31 Jan, 2021 10:27am