Royal Dutch Shell is a vertically integrated Anglo–Dutch multinational oil and gas company and is one of the biggest oil and gas groups in the world. It also has invested extensively in renewable energy.
After ‘years of chronic underinvestment’, the oil industry needs US$500 billion of investment annually until 2045, said Opec’s secretary general.
Shell and ExxonMobil have signed an MoU with Guangdong government and China National Offshore Oil Corp to conduct a feasibility study for a carbon capture and storage project off the coast of Shenzhen.
The local unit of European oil and gas giant Shell aims to open Hong Kong’s first service station with both electric vehicle charging and conventional fuel facilities, as it seeks to steal a march on competitors and capitalise on the rising use of EVs in the city.
The partnership will start in China and Europe, before extending to other regions across the globe.
Acting for Friends of the Earth, lawyer Roger Cox won a ruling against Shell last year requiring the energy giant to cut its carbon emissions by net 45 per cent by 2030.
Activists say Shell’s plans to search for oil and gas deposits off South Africa’s Wild Coast – a key tourist attraction – pose a danger to marine animals.
A court in The Hague ordered the Anglo-Dutch multinational to reduce its CO2 output by 45 per cent by 2030 from 2019 levels.
Fuel retailers say there a range of factors for the delay in lower prices to be reflected at the pump, including high inventory levels, government tax, salaries and above all, land costs.
Shell Hong Kong today becomes the first oil major in the city to commercially launch the 5 per cent biodiesel blend product.
A Dutch court rejected a bid by Nigerian farmers to hold Shell responsible for oil damage to their villages, in a case that environmental groups had hoped would set a precedent for global corporate responsibility.