Doha, Qatar - Qatar has agreed to supply three million tonnes of gas a year to China in a deal with London-headquartered energy giant Shell, the emirate's state energy company said on Monday. The liquefied natural gas deliveries would begin in January as part of a "new long-term sale and...

Dubai, United Arab Emirates -- Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied natural gas project in the United Arab Emirates, state energy giant ADNOC said Wednesday. Japanese trading company Mitsui & Co. will also acquire 10 percent of the Ruwais LNG plant,...

"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tons a year in 2040, according to the latest industry estimates," Shell said in a report.

Its revenue dived almost a fifth percent to US$316.6 billion.

WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday. The worries of escalation grew after United States and United Kingdom strikes on scores of sites in...

QatarEnergy will supply 18m barrels of crude oil per year to Shell.

The investment opportunities are being explored in offshore gas projects.

Oslo, Norway -- Norwegian fertilizer group Yara International on Monday signed a contract to begin transporting CO2 produced at its Netherlands plant to Norway so it can be buried under the seabed, as of 2025. The agreement with Northern Lights, a joint venture grouping oil giants Equinor of Norway, Anglo-Dutch Shell...

Germany's Urgewald, along with 50 other NGOs, analyzed the investment plans of 1,623 companies involved in the oil and gas industry - representing 95 percent of global hydrocarbon production. Urgewald estimates that 539 companies -- including Saudi Aramco, QatarEnergy and Russia's Gazprom are preparing to produce an extra 230 billion...

The company announces a buyback of shares worth $3.5bn.

Last year Shell inked a deal with QatarEnergy for a 9.4% stake in Qatar's North Field South project, the second phase in the expansion of the world's largest gas field, extending under the Gulf into Iranian territory. Later it also agreed to a 6.25% share in the first phase of...

The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from fossil fuels, according to a court filing. The case was filed in superior court in San Francisco against ExxonMobil,...

Online celebrities best known for posting about video games are also dropping in unexpected plugs for gasoline stations, fuel rewards and club cards. In India, Mexico, South Africa and the United States many spots were found that promoted major oil firms such as BP, Chevron, ExxonMobil, Shell and TotalEnergies on...

From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year. BP was the last to report earnings, reporting Tuesday a...

Adjusted net profit also fell down 49 percent in the second quarter.

Gas prices had soared last year after Russia cut gas shipments to Europe while oil markets were also rocked by supply concerns. But natural gas prices fell sharply as European countries found new suppliers, built up reserves and experienced a mild winter.

Morocco has sought to diversify its energy sources particularly since neighbouring Algeria stopped supplying natural gas via the GME in November 2021, after severing ties over the disputed Western Sahara territory. According to ONEE chief Abderrahim El Hafidi, the agreement with Shell will "address part of our needs and ensure...

LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because it could further lift energy bills and worsen the cost-of-living crisis. Wael Sawan was asked about recent comments from UN head Antonio Guterres, who had declared it was "moral and...

Vienna, Austria-- Egypt plans to drill new gas wells in the Mediterranean Sea and the Nile Delta as part of its ambitious $1.8 billion offshore exploration program. According to Tarek El Molla, Egypt's Minister of Petroleum and Mineral Resources, the country is developing several exp fields in the Mediterranean Sea,...

Campaign group Global Witness labelled Wednesday's announcement as a "climate-wrecking U-turn", urging it instead to invest far more in cleaner energy.

The Saudi company posts net profit of $31.9bn, down 19.25 percent from a year earlier.

The surging profits prompted outcry from critics as Britons face a cost-of-living crisis, which has topped the agenda for Thursday's local elections in England. They have also rekindled calls for more taxation to help offset sky-high household energy bills caused by key producer Russia's war on Ukraine.

Adjusted earnings rose six percent to $10.6 billion.

QatarEnergy will hold the interest in the Exploration and Production Agreement pertaining to the C-10 block, while Shell will hold a 50 percent interest and the Societe Mauritanienne des Hydrocarbures a 10 percent interest. The C-10 block covers an area of approximately 11,500 sq km.

The post-tax figure was more than double the amount.

Project is part of the world's biggest natural gas reserves.

The agreement gives Shell an effective net participating stake of 9.375 percent in the NFS project, out of a 25 percent interest available for international partners.

The outgoing CEO, 64, has presided over a tumultuous time at the energy titan, weathering collapsing oil prices in 2020 as Covid lockdowns ravaged demand.

Campaigners say this "significant misalignment" between communication strategies and business plans could allow five of the biggest privately-owned energy firms to continue to delay the decarbonization needed to avoid the worst impacts of climate change.

As the planet struggles to meet its climate targets, some climate experts see the technique, called carbon capture and storage, as a means to reduce emissions from fossil-fuel-based industries.

British oil giant BP returned to profit in the second quarter on the back of soaring energy prices, following a big loss due to its exit from Russia over the war in Ukraine, company results showed Tuesday.

Shell is the fifth and final international partner in the North Field expansion.

Revenue rallied 51 percent to $84.2 billion.

A North Sea oilfield project off Scotland's coast opposed by environmentalists and paused after energy giant Shell decided to exit the Cambo initiative has been boosted by an Israeli takeover. Ithaca Energy, owned by Tel Aviv-listed Delek Group, announced late Thursday a deal to buy Siccar Point Energy for an...

Nations and their companies have axed business ties with Russia over Ukraine.

It has offices in Moscow and St Petersburg with 1,000 employees.

Eni will sell its stake in Blue Stream following moves by rivals BP and Shell to divest from Russia-linked projects after Moscow invaded Ukraine.

Action followed after Russia's invasion of Ukraine.

Big oil companies said their 2021 profits were $66.7 billion.

Net profit stood at $20.1bn in 2021 after a loss of $21.7bn in 2020.

The company slumped into a huge loss in 2020.

Royal Dutch Shell has exited the planned Cambo oilfield project off the Scottish coast because of insufficient financial gain, as energy firms face fierce pressure to switch to greener fuels.

This is QatarEnergy and Shell’s first hydrogen agreement.

The new program will build the capabilities of entrepreneurs.