Shell weakens climate targets with growing bet on gas
SHELL weakened a 2030 carbon reduction target and scrapped a “perilous” 2035 objective, citing expectations for strong gas demand and uncertainty in...
Shell to cut about 20% of jobs in deals team amid push for cost savings
SHELL will eliminate at least 20 per cent of jobs in its deals team as the company continues to restructure its business...
Shell considers slowing the pace of its carbon emissions cuts
SHELL has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to people familiar with...
Temasek shortlists Saudi Aramco, Shell in sale of Pavilion Energy assets
TEMASEK Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of...
Shell companies in Singapore linked to money laundering operation in India
ONE of India’s law enforcement agencies has uncovered a money laundering operation involving fake invoices issued by purported shell companies in Singapore...
Shell’s US solar unit launches asset sale: sources
SHELL’S United States solar business Savion has put around a quarter of its assets up for sale, according to a marketing document...
Glencore eyes Shell Singapore assets as Cnooc pulls out: sources
SWISS miner and commodities trader Glencore is looking at buying Shell’s oil refinery and petrochemical units in Singapore as the oil major...
Shell's LNG trading makes US$2.4 billion in final 2023 quarter, sources say
NEARLY a third of Shell’s profit in the fourth quarter of 2023 came from the US$2.4 billion it made in trading liquefied...
Shell expects 50% rise in global LNG demand by 2040
GLOBAL demand for liquefied natural gas (LNG) is estimated to rise by more than 50 per cent by 2040, as China and...
Shell's 2023 profit falls 30% to US$28 billion, dividend boosted
SHELL on Thursday (Feb 1) reported a 2023 profit of US$28 billion, down 30 per cent from the previous year’s record as...