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The gas field in Groningen must be completely closed this year, said the CEO of Shell Netherlands, Marjan van Loon. Currently, the gas field is still supplying minimal amounts of gas to keep the wells usable, but she doesn’t think that’s necessary. “It can and must be done, so the...
But while it has pegged its European retail arms to stand before the firing squad, Shell’s 2022 annual profit is expected to come in at more than $30 billion, Reuters said, as high oil and gas prices have helped the business improve its overall performance. Shell sunk $1.5 billion in c...
I loved every job that I did: working on the design of a liquefied natural gas plant, the chemicals operations in Pernis, a very challenging refining operation in Sudan, then going to Malaysia to be Operations Manager. But what was really defining for me was my first commercial job. I ha...
such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future ...
As LNG Prices Soar By Irina Slav –Jan 11, 2021, 11:00 AM CST Shellhas restarted production of liquefied naturalgas at its Prelude offshore project in Australia after almost a year’s suspension. “LNG cargoes have resumed from Shell’s PreludeFLNG facility,” Argus reported, citing a...
s tail. Shell expects global demand for natural gas to keep rising for several decades. But van Beurden has been slimming down his portfolio of oil projects with the intent of keeping only those lean enough to make good returns in a world in which oil prices average no more than $40 a...
Easigas distributor and basically Shell Service stations are one of our mandated customers to supply. How can it be that you let this operator run a site that they are not equipped to do ruin Shell's reputation and put other businesses at harms way because Superlite thinks it has a good ...
Higher natural gas prices will add to profitability concerns. Investment thesis: Shell (RDS.A), (RDS.B) is leaving the Dutch legal jurisdiction, officially due to some dividend tax issues and it will make the UK its sole home base. Unofficially, it may be in large part a way to escape...
He said that gap had resulted in electricity prices rising by 40 per cent in the past three years as a result of network investment. Rising fuel and gas prices would cause them to increase by another 30 per cent over the next three years, the CEO said. The mooted carbon tax of between...