By Laura Hurst, Javier Blas and Francois de Beaupuy (Bloomberg) --The secretive oil-trading businesses of Royal Dutch Shell Plc and Total SE saved both European majors from posting losses in the second quarter, bringing a torrent of cash that countered the impact of the coronavirus crisis. Investors had already been warned that the pandemic hammered almost all parts of the … [Read more...]
Shell Wins Court Ruling Banning Activists From North Sea Oil Platforms
By Olivia Konotey-Ahulu (Bloomberg) -- Royal Dutch Shell Plc won a court ruling preventing environmental protesters from boarding unmanned oil installations in the North Sea. Greenpeace activists in October boarded two of Shell’s offshore platforms in the Brent field to protest decommissioning plans they claimed will leave “hazardous oily sludge” in the sea. A judge in … [Read more...]
Shell Traders Post $1 Billion Profit in Fuel Oil Market Ahead of IMO 2020
By Javier Blas and Alaric Nightingale (Bloomberg) --Royal Dutch Shell Plc has made $1 billion from trading fuel oil this year, making it one of the standout winners from rules designed to make the shipping industry greener. Shell said last month that it made substantial money in fuel-oil trading in the third quarter, but the company didn’t disclose the size of the profits. … [Read more...]
Shell to Buy French Offshore Wind-Power Developer
By Kelly Gilblom (Bloomberg) -- Royal Dutch Shell Plc has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renewable power. The Anglo-Dutch oil major is boosting spending on low-carbon energy as it faces pressure to address the risks climate change poses to its business. Shell’s biggest renewable bets so far have been on acquiring retail … [Read more...]
Greenpeace Climbs Decommissioned North Sea Platform
By Ron Bousso LONDON, Oct 14 (Reuters) - Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Pictures provided by Greenpeace show two people in yellow hats scaling one of giant two large, rusty structures and unfurling a banner … [Read more...]