Saudi Arabia and Kuwait will foster a contested gas field notwithstanding Iranian protests, while asking Tehran to participate in talks, an assertion said Wednesday. The Gulf partners will respect their arrangement, marked “unlawful” by Iran, to foster the Arash/Dorra oceanic gas field, the Saudi unfamiliar service said. “Saudi Arabia and… Kuwait affirm their right to … Read more
LONDON: Royal Dutch Shell said on Friday that it will win a boost from soaring gas prices in the fourth quarter despite supply problems, but cautioned that Omicron weighs on oil demand. Shell expects “significantly higher” gas revenues in the three months to December thanks to the “high liquid natural gas spot price environment” as it … Read more
LONDON: Energy giant Royal Dutch Shell has announced its exit from the proposed development of Cambo oilfield off the Shetland Islands, a project which has been blighted by climate protests. Shell, which has a 30 per cent interest in the development off the western coast of Scotland, said on late Thursday that the investment case … Read more
LONDON – 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. Shell, which has a 30-percent interest in the North Sea development, said late Thursday that the investment case was simply “not strong enough”. … Read more
The Oil company Royal Dutch Shell has announced the biggest job cut in response to the global plunge in oil prices. According to the details, the company is looking forward to repositioning itself as a green energy provider. The company said in a statement that this job cut would be implemented by 2022. As per … Read more
