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Friday, September 25th, 2020
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Tag Archives: Shell

Shell to write down up to $22b after COVID hit. Expects 40% drop in sales 2nd Qtr

Shell oil drilling rig at sea. Helicopter

REUTERS, JUNE 30, 2020 LONDON – Royal Dutch Shell (RDSa.L) said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price outlook. The impairments follow the Anglo-Dutch company’s decision to shift from fossil fuel and reduce its greenhouse gas emissions to net-zero by 2050, …

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$1 BILLION PROFIT: Shell admits it benefited from IMO 2020 change in fuel standards

November 15, 2019 by Bloomberg Shell traders post $1 billion profit in fuel oil market ahead of IMO 2020. Admits that the company’s traders benefited from “the change in the fuel standards” linked to IMO 2020 By Javier Blas and Alaric Nightingale (Bloomberg) –Royal Dutch Shell Plc has made $1 billion from trading fuel oil this year, making it one of the …

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Greenpeace: Clean up your mess, Shell!

By Ron Bousso LONDON, Oct 14 (Reuters) – Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Pictures provided by Greenpeace show two people in yellow hats scaling one of giant two large, rusty structures and …

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The $30 Billion Exodus: Foreign Oil Firms Bail on Canada

Oil refineries in Canada's oil sand patch in Alberta

PortandTerminal.com, August 26, 2019 August 26, 2019 – Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years. CALGARY, CANADA (Bloomberg)- Pembina Pipeline Corp., based in Calgary, is snapping up Kinder’s Canadian assets and …

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