Page 39 - Shell Plc News Today

State officials are confronting a wave of offshore wind project cancellations by allowing developers to resubmit bids that can adjust to inflation while pledging to scrutinize their promises.

The oil firm will reduce damages if Greenpeace agrees "to never protest on its infrastructure again"

Oil giant Shell PLC is suing Greenpeace for $2.1 million after activists boarded a ship transporting a platform to the North Sea in January.

The total dividend payout of $29.4 billion to the state and other investors, including a special component, held at the previous quarter’s level even as lower output helped push net income 23% down year-on-year to $32.6 billion in the third quarter.

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.

Under the deal, M&P aims to increase its current production to 50,000 bpd in Zulia state, Venezuela’s oil cradle.

Aramco maintained the payout at the preceding quarters level despite third-quarter net income dropping 23 percent.

Saudis extending production cuts to year-end to support market

The world’s biggest crude oil exporter maintained the payout at the preceding quarter’s level despite third-quarter net income dropping 23% to $32.6 billion compared with a year earlier, according to a statement.

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