Page 206 - Shell Plc News Today

Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center.

New analysis of data published by the Australian Tax Office (ATO) shows that five of the gas industry’s most prominent companies have paid no income tax for at least the past seven years, despite a combined income from their Australian operations of $138 billion.

There will be a vote in the House of Commons on Tuesday on whether to slap a windfall tax on energy company profits.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Germany plans to stop importing Russian oil by the end of the year.

Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged in the wake of Russia’s invasion of Ukraine.

/PRNewswire/ -- The global naphthenic base oil market produced US$ 2.55 billion in 2022 and can reach US$ 3.6 billion in 2031....

The U.K. got less than a quarter of its oil supplies from its own fields last year, compared with about 9% from Russia. And domestic output is dropping fast — down by 10% in the first quarter from a year earlier after companies cut investment or spent their cash elsewhere.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

/PRNewswire/ -- The global naphthenic base oil market produced US$ 2.55 billion in 2022 and can reach US$ 3.6 billion in 2031....