Tuesday, 12 November 2024
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Ron Bousso

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BusinessCoalEmissionsLegislationNatural GasNewsOilPolitics

Shell wins appeal against landmark Dutch climate ruling

Shell wins appeal against 2021 court order to cut carbon emissions by 45% by 2030, dealing a blow to climate activists.

FILE PHOTO: Mike Wirth, the CEO of Chevron Corporation, listens to a question from Daniel Yergin, the vice chairman of S&P Global, as top energy executives and officials from around the world gather during the CERAWeek 2023 by S&P Global, energy conference in Houston, Texas, U.S., March 6, 2023.  REUTERS/Callaghan O'Hare/File Photo
BusinessFuelNewsOil

Chevron CEO under pressure to halt share slide as Hess deal stalls

After years of outperforming rivals, Chevron and its CEO are now under pressure as the company's Hess purchase stalls.

FILE PHOTO: A general view of a Shell's petrol station in South East London, Britain, February 2, 2023. Shell beat profit expectations in Q3 2024. REUTERS/May James/File Photo
BusinessChemicalsFuelHydrogenLiquefied Natural GasNatural GasNewsOil

Shell Q3 profits of $6 billion beat forecast as gas offsets weak refining

The Anglo-Dutch company's profits are up, as debt drops and sales of super-chilled LNG increase by 1 million metric tons.

FILE PHOTO: Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
BusinessEconomyNewsOilTrade

BP third quarter profit slumps to $2.3 billion as oil demand sags

The 30 per cent drop in profits from a year earlier comes amid a slowdown in global economy activity and oil demand, particularly...

FILE PHOTO: Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo
BiofuelsBusinessElectricityHydrogenNatural GasNewsOilSolarWind

BP weighs sale of minority stake in offshore wind business, sources say

BP paused investments in new offshore wind projects, Reuters reported in June. Last month, BP said it plans to sell its U.S. onshore...

Vehicles drive past a BP petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
BusinessNatural GasNewsOil

BP drops oil output target in strategy reset: sources

Murray Auchincloss, the Canadian CEO of BP, is scaling back the firm's energy transition strategy to regain investor confidence, sources tell Reuters.

FILE PHOTO: British Petrol BP price list pillar displayed petrol prices in Polish zloty (1EUR-4,5855PLN) which almost double after Russian aggression on Ukraine at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo
AnalysisBusinessFinanceOil

Big oil’s big payouts under strain as energy prices fall

By Ron Bousso LONDON (Reuters) -Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share...

Vessels that are used for towing oil rigs in the North Sea are moored up at William Wright docks in Hull, Britain November 2, 2017. REUTERS/Russell Boyce/ File Photo
BusinessEconomyNatural GasNewsOilPolitics

North Sea oil and gas producers say UK windfall tax is a ‘wrecking ball’

Drilling companies say to expect a sharp drop in revenue following increased UK windfall tax on oil and gas companies.

An exhibition booth of Shell is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File Photo
News

Shell beats forecasts with $6.3 billion second quarter profit

Shell reported Q2 profit of $6.3bn, a drop of 19% from the previous three months, as refining margins and oil and gas trading...

FILE PHOTO: An Emirati woman arrives to ADNOC's Yash Social Center in Ruwais, United Arab Emirates May 14, 2018. REUTERS/Christopher Pike/File Photo
BusinessFinanceFuelLiquefied Natural GasNews

ADNOC’s Ruwais LNG to earmark 40% stake to Shell, Total, BP, Mitsui, sources say

Abu Dhabi National Oil Company (ADNOC) has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy majors

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