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The Latest Breaking News from Shell

North Sea firms to go ahead with Rosebank despite 'unlawful' court ruling

NORTH Sea operators are to press ahead with the development of two major oil and gas fields despite the project being ruled as “unlawful” in a…

The National (Scotland)

Scottish Court Rules Against Two New North Sea Oil And Gas Fields

A Scottish court on Thursday ruled against the development of two oil and gas fields in the North Sea in a "historic win" for two environmental groups.

International Business Times

Plans to drill UK’s largest untapped oilfield thwarted in court

The Conservative-led government approved Shell’s proposals to develop the Jackdaw field in 2022

The Independent UK

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Legal challenge against major North Sea oil and gas fields successful

A judge has upheld a legal challenge by environmental campaigners against the decision to grant consent to two new oil and gas fields in the North…

The National (Scotland)

Judge upholds legal challenge against new North Sea oil and gas fields

The decision to grant consent to the Rosebank and Jackdaw oil and gas fields will now be reconsidered, taking into account downstream emissions.

Evening Standard

Shell Annual Profit Drops To $16 Bn As Oil Prices Fall

British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs.

International Business Times

Shell investors in line for multibillion-dollar windfall despite weak profits

A 4% dividend increase alongside share buybacks of $3.5bn for last three months of year awaits shareholders

The Guardian - UK

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European Central Bank cuts interest rates to support growth as eurozone economy stagnates - as it happened

Live coverage of business, economics and financial news as ECB cuts main interest rate by 0.25 percentage points in effort to support European economies

The Guardian - UK

Shell raises dividend to shareholders as profit falls amid lower oil prices

The energy major said profits fell after a year of operating in ‘a lower price environment’, amid shrinking margins from its oil refining business.

Evening Standard

Shell leaving London Stock Exchange ‘not a live discussion’ as dividends are raised

The energy major said profits fell after a year of operating in ‘a lower price environment’

The Independent UK

The oil crisis fuelled by Russia’s war is evaporating – and so are the profits

Results from Shell and Exxon this week will be weaker – and Trump’s desire to drill may result in oversupply

The Guardian - UK

Shell to post lower 2024 profit after year of faltering oil demand

The expected drop comes after a year in which oil prices have steadied and demand has fallen globally.

The Independent UK

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

BP reveals boss recovering after medical procedure as it signals weaker trading

Chief executive Murray Auchincloss is ‘recovering well’ and will be back in the office by February, the group said.

Evening Standard

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The Independent UK

BP delays investor event as boss Murray Auchincloss recovers after medical procedure

BP boss Murray Auchincloss is ‘recovering well’ and will be back in the office by February

Top News

Supreme Court Declines Oil Companies' Appeal In Climate Lawsuits

Supreme Court decision not to hear oil and gas companies' appeal on climate change lawsuits allows state cases to proceed, impacting energy industry.

The National (Scotland)

Unexploded 'bomb' found at North Sea oil pipeline as investigation launched

A SUSPECTED unexploded bomb has been discovered at an oil pipeline in the North Sea ...

Evening Standard

London’s FTSE 250 slumps and pound weakens as UK gilt yields spike

The more domestically focused FTSE 250 tumbled 2% on Wednesday, while the FTSE 100 was treading water.

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Evening Standard

Shell warns of £1bn cash hit from emissions certificates payments

The energy major also expects final quarter profits in its gas business to be ‘significantly lower’ than the previous three months.

The Independent UK

Shell expects to face £1bn bill over emissions certificates for a single quarter

The energy major also expects final quarter profits in its gas business to be ‘significantly lower’ than the previous three months.

The National (Scotland)

UK's move away from North Sea oil and gas is a 'big mistake', says Donald Trump

DONALD Trump has criticised the UK’s move away from oil and gas production, urging the Government to “open up” the North Sea and get rid of…

Evening Standard

New Year rally wanes for FTSE 100 while pound gains ground

The FTSE 100 failed to keep up the momentum on Friday, dropping 36.11 points, or 0.44%, to close at 8,223.98.

Evening Standard

Donald Trump says UK’s retreat from North Sea oil and gas is a ‘big mistake’

The US president-elect also said the Government should get rid of ‘windmills’ in a social media post about British energy policy.

The Independent UK

Nigerian agency 'failed completely' to clean up oil damage despite funding, leaked files say

In Nigeria, the first part of a $1 billion project to clean up Ogoniland in the Niger Delta, where there have been thousands of oil spills, was a “total failure.”

The Guardian - UK

Charles Handy obituary

Philosopher and management thinker who coined the phrase ‘portfolio’ career, and believed companies should retain their humanity

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