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Shell back in black in Q1

Apr 29, 2021 9:55:am
Summary
Higher oil prices and increased production more than offset weaker refining and marketing margins. Updates with comments from CFO.
by: Joseph Murphy
Anglo-Dutch major Shell swung to a $5.66bn income attributable to shareholders in the first quarter, up from a $4.01bn loss a year earlier, thanks to $3.4bn in asset sales and higher oil prices. But the contribution from trading and optimisation was significantly below average, it said April 29.
CFO Jessica Uhl told press that th.
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Total, GIG jointly develop 1.5 GW offshore wind project in UK

10:03 AM, 10th February 2021
A 50/50 joint venture between Macquarie s Green Investment Group (GIG) and Total has been successful in securing rights to a seabed lease in the Eastern Regions zone in the Crown Estate s Offshore Wind Leasing Round 4. (Representative Image)
PARIS, FRANCE: A 50/50 joint venture between Macquarie’s Green Investment Group (GIG) and Total has been successful in securing rights to a seabed lease in the Eastern Regions zone in the Crown Estate’s Offshore Wind Leasing Round 4.
The project, which will be located off the UK’s East Anglian coast, could deliver up to 1.5 gigawatts (GW) of renewable electricity and represents a significant early stage investment in the UK offshore wind sector for both companies. ....

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