Page 29 - Shell Plc News Today

It was a year when the world experienced its hottest 12 months on record.

Chief executive Sawan seeks to trim costs and be more competitive with US rivals.

Oil major, Shell Plc is now more serious towards cutting expenditure and becoming more competitive through applying drastic job reduction measures.

The energy sector is witnessing a significant increase in mergers and acquisitions, strategic partnerships, and investments in various projects as companies and countries adapt to the changing energy landscape.

Shell Plc has begun cutting jobs beyond previously announced reductions in its low-carbon division as CEO Wael Sawan seeks to trim costs and be more competitive with U.S. rivals, people familiar with the matter said.

Shell PLC and Trinidad and Tobagos National Gas Company (NGC) were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (TCF) Dragon gas field and export its production to the Caribbean nation.

On December 21st, the Venezuelan government signed a license for Shell plc and Trinidad and Tobago’s National Gas Company (NGC) to operate and exploit the Dragon gas f...

NIIF, which is 49% owned by the Government of India, manages over $4.9 billion of equity capital commitments across its four funds—master fund, fund of funds, strategic opportunities fund, and India-Japan Fund.

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.

Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales.