Shell's Singapore subsidiary has been accused of two incidents of oil product spills into the sea in 2024, as well as failing to promptly notify authorities. The company faces hefty fines, and the investigation is ongoing.
Leading energy companies have announced a series of major personnel changes, including new appointments to top executive positions at ConocoPhillips, Suncor Energy, Shell, Chevron, and others. These changes affect both global and regional structures within the industry.
Shell has appointed Felix Farber as Executive Vice President for Low-Carbon Solutions amid a reduction in green assets. He will be responsible for developing the company’s hydrogen, biofuel, and carbon capture initiatives.
Turkish Petroleum has joined a joint gas exploration project in the Bulgarian sector of the Black Sea, acquiring a 33% stake alongside Shell and OMV Petrom. In 2024, seismic data collection is planned, with possible drilling to follow the next year.
Anna Maskolo, who previously held executive positions at Shell, is moving to one of the key roles at the Danish wind energy company Vestas. She will be responsible for project development in Northern and Central Europe, as well as overseeing global offshore operations.
Shell has announced the sale of its portfolio of onshore renewable energy assets in Europe to TotalEnergies. This deal reflects Shell's strategic shift and the reallocation of investments toward higher-priority areas. The transfer of assets is expected to be completed by 2026.
British Shell is selling its stake in the Cypriot Aphrodite gas project to Hungary's MOL Group for up to $720 million. The deal is expected to be finalized in early 2027, pending all necessary approvals.
The European liquefied natural gas market is facing the risk of shortages and rising prices due to low reserves, supply disruptions, and infrastructure damage. Gas storage levels are significantly below normal, increasing uncertainty as the winter season approaches.
In the second quarter of 2026, Shell reported profits that significantly exceeded analysts’ expectations, driven by high oil and gas prices, record refinery utilization, and successful trading operations. The company also announced a new share buyback program and continued to reduce its costs.
Clare Harris, who has over 25 years of experience in the energy sector and previously held senior positions at Shell, has been appointed CEO of Tree Energy Solutions. The company develops projects focused on sustainable gas production and the expansion of renewable energy infrastructure in Europe and North America.
Shell has completed drilling the deepest well in the Mediterranean Sea off the coast of Egypt and has discovered signs of oil. The collected data is now being analyzed to assess the commercial potential of the field.
Совместное предприятие Renaissance Africa Energy и NNPC обнаружило значительные запасы нефти и газа в прибрежных районах Нигерии. Анализ подтвердил высокое качество коллектора и наличие лёгкой нефти.
The joint venture between Renaissance Africa Energy and NNPC has discovered significant oil and gas reserves in Nigeria's coastal regions. Analysis has confirmed the high quality of the reservoir and the presence of light crude oil.
Shell is selling part of its assets in the US Gulf of Mexico to Talos Energy and Ridgewood Energy for $1.7 billion. The deal includes stakes in the Na Kika and Coulomb platforms and is expected to be completed by the end of 2026.
Shell has filed a second lawsuit against its former partners in the Laminaria-Corallina project, seeking compensation for the costs of decommissioning the Northern Endeavour floating facility. The total amount of the company's claims is approximately 170 million Australian dollars.