The Kremlin has said that London’s sanctions of Moscow’s Gazprombank, through which payments are to be made under Russian President Vladimir Putin’s rubles-for-gas scheme, mean that Great Britain won’t be able to buy Russian gas. Kremlin spokesperson Dmitry Peskov told Russian state-backed news agency Tass on Saturday that British sanctions against Gazprombank mean that the…
Shell to Stop Buying Russian Oil and Natural Gas
Shell on March 8 said it will stop buying Russian oil and natural gas. Shell said it would immediately stop all purchases of Russian crude oil and shut down much of its business in Russia, including all of its gas stations. Shell also plans to work on removing Russian gas from its supply chains, which…
Shell to Put Profits From Russian Oil Trade Into Ukraine Aid Fund
March 6, 2022
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LONDON—Oil major Royal Dutch Shell will put profits from any Russian oil it purchases into a fund that will go towards humanitarian aid to Ukraine, the company said on Saturday. Shell had on Friday bought a cargo of Russian crude oil at a record low discount, the first such trade since Russia invaded Ukraine last…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’: U.S. Oil & Gas Assoc. Chief
February 14, 2022
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’ Says US Oil & Gas Assoc. Chief
February 14, 2022
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bidenConocoPhillipsdebankingeconomyEIAEnvironmentESGExxon MobilgasolineKeystone XL pipelineOilPermian BasinPolicies & ImpactsPoliticsScienceshaleshellThe Epoch Times Featured ArticlesUncategorizedUSUS NewsWall Street
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
Shell Pursues $7 Billion Buyback ‘At Pace’ Despite LNG Troubles
LONDON—Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell, the world’s largest trader of LNG, were down 0.32…
Shell Exits Permian With $9.5 Billion Texas Shale Sale to ConocoPhillips
September 21, 2021
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Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the…
NTD Business Full Broadcast (Sept. 21)
We look at why Shell is selling all of its assets in the Permian Basin, located in the southwestern part of the United States. The buyer has agreed to pay nearly $10 billion in cash. Google spending big on physical office space in New York city, even as many companies embrace a more flexible work…
Oil Giant Shell Sets Sights on Sustainable Aviation Fuel Take-Off
LONDON—Royal Dutch Shell plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world’s airlines to reduce greenhouse gas emissions. Aviation, accounting for 3 percent of the world’s carbon emissions, is considered one of the toughest sectors to tackle due to a lack of alternative technologies to jet…
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