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canada goose Apr 30, 2020 02:35 PM IST Royal Dutch Shell cuts dividend for first time since World War Two Shell also suspended the next tranche of its share buyback programme and said it was reducing oil and gas output by nearly a quarter after its net profit almost halved in the first three months of 2020.Oct 31, 2019 09:19 PM IST Big Oil, investors face returns reckoning amid darkening economy The stark warnings led to sharp drops in the shares of both companies, weakening investors’ appetite for the oil and gas sector which has underperformed most other industries in recent years.Jun 28, 2019 01:32 PM IST Shell, Exxon Mobil eye re entry into Somalia’s upstream sector Shell and Exxon Mobil had a joint venture there prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.Jan 09, 2019 11:23 AM IST Shell completes acquisition of Total’s 26% stake in Hazira LNG Shell had in August 2018 announced plans to buy Total’s stake in Hazira LNG and Port venture which comprises of two companies Hazira LNG that operates an LNG regasification terminal in Gujarat and Hazira Port, which manages a direct berthing multi cargo port at Hazira.Aug 27, 2018 04:45 PM IST Royal Dutch Shell to buy out Total in Hazira LNG terminal Hazira LNG Port venture comprises two companies Hazira LNG that operates an LNG regasification terminal in Gujarat.Jun 25, 2018 06:05 PM IST Shell, Exxon not to seek compensation for end of Groningen gas production: government The Dutch government expects that around 450 billion cubic metres (bcm) of gas will be left in the ground at the Groningen field, with an estimated value of 70 billion euros ($81.5 billion).Apr 13, 2018 04:22 PM IST Shell sells 8.5% stake in Mahanagar Gas BG Asia Pacific Holdings (BGAPH), a wholly owned subsidiary of Shell, reduced its shareholding in MGL from 32.5 percent to 24 percent, MGL said in a regulatory filing.Feb 01, 2018 03:01 PM IST Shell says annual profit almost triples to $13 bn Net or bottom line earnings for the full year compared with a figure of USD 4.6 billion in 2016, the Anglo Dutch energy giant revealed in a statement.Nov 01, 2017 10:00 AM IST Shell opens its third largest lubricants plant in Singapore The integrated lubricants and grease production facility in Tuas is able to produce up to 430 million litres or about 390 kilotonnes of lubricants and greases annually, which is enough to change the engine oil of over 12,000 cars, every hour and every day, the company said.Oct 18, 2017 07:59 AM IST Shell opens first fast electric vehicle charging at UK petrol stations The service, which charges most electric vehicle batteries from zero to 80 percent within half an hour, is the oil major’s first foray into fast charging electric vehicles, whose use is set to grow with consumers’ demand for cleaner cars.Sep 26, 2017 10:10 AM IST Rising diesel consumption is main driver for higher oil demand in 2017: Shell “Last year, the majority of the demand growth (was) other products and gasoline. Diesel only made up 27 percent of year on year demand growth. This year it is 50 percent and that is huge,” said Mike Muller, Shell’s vice president of crude trading and supply, at an industry conference in Singapore.May 23, 2017 12:55 PM IST Shell, Engie exit Kakinada LNG project Post exit of Shell and Engie (previously known as GDF Suez), state owned gas utility GAIL India Ltd is negotiating with Andhra Pradesh government on possible structure of the project, GAIL Chairman and Managing Director B C Tripathi said.Jan 17, 2017 04:12 PM IST Asian oil refinery margins jump on outages in Mideast, Asia The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries (OPEC) and non OPEC producers began to implement their agreed production cuts from January to reduce global oversupply.Nov 24, 2016 02:29 PM IST Oil companies shoulder pain of downturn with lower output The aggregated production of 109 listed companies that produce more than a third of the world’s oil fell in the third quarter of 2016 by 838,000 barrels per day from a year earlier to 33.88 million bpd, data provided by Morgan Stanley showed.Nov 01, 2016 01:05 PM IST Shell reports 18% rise in quarterly profit, beating forecasts Net income in the quarter, based on a current cost of supplies (CCS) and excluding exceptional items, rose to USD 2.8 billion, which the company said compared with analysts’ expectations of USD 1.71 billion.Oct 13, 2016 01:12 PM IST India to double LNG import capacity to 50 mn tonnes in a yr: Min The nation currently has capacity to import 21 million tonnes per annum of super cooled gas (liquefied natural gas or LNG) in ships canada goose.