Tag: Shell
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Shell allocates $15 billion to support low carbon energy solutions
Anglo-Dutch Shell seeks to advance its plans to reduce emissions from its operations, along with achieving increased returns for shareholders through a balanced energy transition; The company is working to reduce emissions from its operations and from the fuels and other energy products it sells to customers, in order to move toward its goal of…
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Shell enhances offshore oil production with artificial intelligence technology
British Shell seeks to boost offshore oil production, as the largest producer of crude in the US Gulf of Mexico. Shell will use AI-based technology from Spark Cognition for big data analytics in its deep sea exploration and production operations. The two companies said that the new process could shorten the exploration period to less…
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Shell faces accusations of helping Iran profit from the Iraqi energy sector
Read in this article The Iranian Mabna Company is the largest beneficiary of the Rumaila power station in Iraq The Rumaila power station is preparing to supply a project supported by Shell Mapna is evidence of Iranian penetration in the Iraqi energy sector The Shell joint venture has won wide acclaim for its important role…
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Shell exits unoccupied stakes in Malaysia and prepares for a deal with Indonesia
Shell (one of the world’s largest oil and gas companies) has completed its exit from some non-operating stakes in Malaysia in parallel with its plans to complete another asset sale in Indonesia. The sale relates to two unoccupied blocks at the Bram Delta oil and gas project in Malaysia, according to the Energy Voice website.…
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The salary of the former Shell president in 2022 will exceed $ 11 million
The former Shell boss’s salary in 2022 once again highlighted record oil companies’ profits in 2022, benefiting from higher energy prices in the wake of Russia’s invasion of Ukraine. And the company revealed – in its annual report, which was reviewed by the specialized energy platform – that former CEO Ben van Burden received a…
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Shell shocks climate activists and backs off plans to cut oil production until 2030
Shell, one of the world’s largest oil and gas companies, has abruptly and disappointingly backed down from plans to cut oil production, to the disappointment of emissions reduction plans and environmental and climate activists. And the Anglo-Dutch company announced that it is entering a state of review of its current plan to cut oil production…
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Shell is considering withdrawing from retail activities in 3 major European countries
Shell – one of the major international oil companies – is heading to exit retail activities in 3 major European countries, due to the repercussions of the energy crisis that has extended in the old continent since last year. The Anglo-Dutch company announced it is considering withdrawing from its home retail business in the United…
