Global LNG demand set to skyrocket

Shell’s LNG Outlook 2024 predicts a significant rise in global LNG demand by 2040, driven by China’s switch from coal to gas and increased usage in South Asian and Southeast Asian countries

Shell joins wave power project

Shell has joined the Renewables for Subsea Power project, utilising wave power and subsea energy storage to power equipment off the Orkney coast

Shell’s big profit dip

Despite a nearly 30% drop in annual profits to $28 billion, energy giant Shell is initiating a new $3.5 billion share buyback and increasing its dividend by 4%

Shell, Equinor and bp secure key stake in UK’s mega oil and gas licensing round

Twenty four licences have been offered to seventeen companies, including industry leaders

Shell to convert German site for premium lubricant production

Shell Deutschland GmbH has announced a final investment decision to repurpose the Wesseling site at the Energy and Chemicals Park Rheinland into a Group III base oil production unit

Shell halts Red Sea shipments over Houthi attack fears

British oil major, has temporarily suspended all shipments through the Red Sea in response to concerns about potential escalation following US and UK strikes on Yemen’s Houthi rebels

Ofgem slaps energy supplier with £1m penalty

Hudson Energy Supply UK faces a £1 million financial penalty for violations of standard licence conditions, including failure to treat micro business consumers fairly and billing inaccuracies

Eunisell receives Shell award for Bonga FPSO chemical services

Shell has honoured Eunisell for its provision of production chemicals on the Bonga FPSO, acknowledging the company’s commitment to safety and service excellence in the oil and gas sector

Ofgem fines energy supplier £1.7m for overcharging business customers

The energy regulator has fined Hudson Energy Supply UK for ten breaches of licence conditions, citing serious overcharging of business customers and failure to supervise outsourced operations

Shell’s third quarter profits soar to £5.1bn

The energy giant has announced a $3.5 billion buyback programme set to run for the next three months, increasing the total buybacks for 2023 to around $23 billion