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Shell, Total Avoid Second-quarter Loss With Strong Trading Business

2020-07-30 20:25:00| OGI

Shell's oil and gas production division, or upstream, made a loss of $6.7 billion as production declined by 7% from a year earlier to 2.415 million boe/d.

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Shell takes $22bn hit over low oil prices

2020-06-30 12:02:39| BBC News | Business | UK Edition

The oil giant says cheaper crude prices mean its assets are not worth as much as they used to be.

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Shell to Write Down Up to $22 Billion After Coronavirus Hit

2020-06-30 11:10:00| OGI

The Anglo-Dutch company has already been preparing a major overhaul after CEO Ben van Beurden laid out plans in April to reduce Shell's greenhouse gas emissions to net zero by 2050.

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Empire Pipeline Buys Louisiana Crude Oil Terminal from Shell

2020-06-26 21:45:00| OGI

Though specific terms of the transaction were not disclosed, Empire Pipeline said in a statement on June 25 it acquired the Gibson termianl from affiliates of Royal Dutch Shell.

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Danos Wins Shell Production Contract

2020-06-26 15:26:55| OGI

Danos has been awarded a contract with Shell Exploration and Production Co. on June 25, a subsidiary of Royal Dutch Shell Plc, to provide a production workforce across Shell production assets in the Gulf of Mexico, including Appomattox, Auger, Enchilada, Salsa, Mars, Ursa, Olympus, Perdido and Stones.

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