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The Latest Breaking News from Shell

The oil crisis fuelled by Russia’s war is evaporating – and so are the profits

Results from Shell and Exxon this week will be weaker – and Trump’s desire to drill may result in oversupply

The Guardian - UK

Shell to post lower 2024 profit after year of faltering oil demand

The expected drop comes after a year in which oil prices have steadied and demand has fallen globally.

The Independent UK

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

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BP delays investor event as boss Murray Auchincloss recovers after medical procedure

BP boss Murray Auchincloss is ‘recovering well’ and will be back in the office by February

The Independent UK

BP reveals boss recovering after medical procedure as it signals weaker trading

Chief executive Murray Auchincloss is ‘recovering well’ and will be back in the office by February, the group said.

Evening Standard

Supreme Court Declines Oil Companies' Appeal In Climate Lawsuits

Supreme Court decision not to hear oil and gas companies' appeal on climate change lawsuits allows state cases to proceed, impacting energy industry.

Top News

Unexploded 'bomb' found at North Sea oil pipeline as investigation launched

A SUSPECTED unexploded bomb has been discovered at an oil pipeline in the North Sea ...

The National (Scotland)

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London’s FTSE 250 slumps and pound weakens as UK gilt yields spike

The more domestically focused FTSE 250 tumbled 2% on Wednesday, while the FTSE 100 was treading water.

Evening Standard

Shell expects to face £1bn bill over emissions certificates for a single quarter

The energy major also expects final quarter profits in its gas business to be ‘significantly lower’ than the previous three months.

The Independent UK

Shell warns of £1bn cash hit from emissions certificates payments

The energy major also expects final quarter profits in its gas business to be ‘significantly lower’ than the previous three months.

Evening Standard

UK's move away from North Sea oil and gas is a 'big mistake', says Donald Trump

DONALD Trump has criticised the UK’s move away from oil and gas production, urging the Government to “open up” the North Sea and get rid of…

The National (Scotland)

New Year rally wanes for FTSE 100 while pound gains ground

The FTSE 100 failed to keep up the momentum on Friday, dropping 36.11 points, or 0.44%, to close at 8,223.98.

Evening Standard

Donald Trump says UK’s retreat from North Sea oil and gas is a ‘big mistake’

The US president-elect also said the Government should get rid of ‘windmills’ in a social media post about British energy policy.

Evening Standard

Nigerian agency 'failed completely' to clean up oil damage despite funding, leaked files say

In Nigeria, the first part of a $1 billion project to clean up Ogoniland in the Niger Delta, where there have been thousands of oil spills, was a “total failure.”

The Independent UK

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The Guardian - UK

Charles Handy obituary

Philosopher and management thinker who coined the phrase ‘portfolio’ career, and believed companies should retain their humanity

Livingetc

The Best Carry-On Luggage for the Design-Conscious Traveler — So You Can Roll into the Holidays in Style

Whether you're looking for minimalist or instantly recognizable suitcases, we've rounded up our favorite hand luggage options for a stylish and comfortable trip

Cycling Weekly

British Cycling sees 11% decline in membership in less than two years

Governing body focused on revenue growth after another year in the red

The Guardian - US

‘I have to live in a cocoon’: locals in Pennsylvania feel ‘sacrificed’ for Shell plastics plant

Residents accuse the oil firm of overstating the benefits of its Pennsylvania ethane plant – and playing down the harms

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The Guardian - UK

Shell agrees to settle $2.1m lawsuit over Greenpeace protest

Campaign group will pay no money to oil and gas company, but will donate £300,000 to RNLI

Evening Standard

Shell and Greenpeace settle legal action over ship protest

The environmental group will make a £300,000 donation to the RNLI without accepting liability or paying money to Shell.

Benzinga

Why Shell Stock Is Rising

Shell stock is trading higher by 3.6% during Monday's session. The stock is higher due to optimism surrounding China's economic stimulus plans.

Benzinga

Equinor and Shell Unite Forces to Dominate UK North Sea Oil and Gas

Equinor and Shell to merge UK offshore oil and gas assets, create largest independent producer in UK North Sea, aiming to enhance production and energy security.

The National (Scotland)

Shell and Equinor merge North Sea assets to create new company with 1300 jobs

SHELL and Equinor have said they will combine their offshore oil and gas assets in the North Sea to create a new company with 1300 employees.

International Business Times

Shell, Norway's Equinor To Form Joint UK Oil And Gas Firm

British energy giant Shell and Norway's Equinor announced plans Thursday to merge their UK offshore oil and gas assets to create a new jointly owned company.

Evening Standard

Shell and Equinor tie-up to create new UK oil and gas producer

Shell said no jobs will be lost but that the deal was in recognition that the North Sea is ‘no longer the prolific basin that it once was’.

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