Page 3 - Shell

Shell profits plunge 82% as coronavirus pandemic hits energy demand

Royal Dutch Shell said that its second-quarter earnings plunged 82% as the Covid-19 pandemic slashed energy prices and demand.

Shell CEO does not rule out moving headquarters from Netherlands to Britain

Shell has a complex Anglo-Dutch holding structure with a tax residency and headquarters in the Netherlands and a registered office in Britain

Day 1 of lockdown 3.0: India limps back, but industry still in limbo

With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.

Shell, RIL win in English HC against govt in PMT oil, gas field dispute

The two firms had gone to the English High Court against the 2016 partial award

Shell picks up 20% stake in Bengaluru-based solar power firm Orb Energy

Founded in 2006, Orb Energy has sold over 160,000 solar systems in India with a total capacity of 75 megawatts

With stake sale overhang behind, Mahanagar Gas could see more gains

Analysts remain positive on the company's earnings driven by soft natural gas prices, volume and geographical expansion

Mahanagar Gas zooms 12% on stake sale by British Gas

Around 9.98 million equity shares representing 10 per cent total equity of MGL have changed hands for total consideration of Rs 770 crore on the NSE, the exchange data shows.

Shell beckons youngsters to showcase fuel-efficient engines in Nov event

Shell is all set to hold the second edition of 'Make the Future Live India' at the Shell Technology Centre in Bengaluru between November 19 - 22 this year

Shell completes acquisition of Total's 26% stake in Hazira LNG in Gujarat

The sixe of the deal has not been revealed yet

Theft at Shell's Singapore refinery rises to $150 mn, court papers show

Fuel theft could be worth $133 billion a year globally, according to industry estimates

Shell in talks to sell $2 bn Nigeria assets amid environmental controversy

No deal has been reached and the talks could still fall apart

Shell seeks gas converts among Indian textile, cement plants

As it seeks to expand demand for its natural gas

Shell to hire 1,000 more in Chennai, Bengaluru

European oil and gas major Royal Dutch Shell plans to hire nearly 1000 people across technology and business operations centres in Bengaluru and Chennai soon. The company currently has around 6000 employees at the business operations unit in Chennai and two technology centres in Bengaluru. "We will add roughly 1000 people in technology and operations centres across India in the near future," said Nitin Prasad, Chairman of Shell Companies in India. Though Shell did not specify on a timeline, a company spokesperson said it was hiring about 100 people a month in the one of the two technology centres in Bengaluru. Even though skills brought in by partners were stronger, there was greater value and synergy when the company's own employees interacting solving a problem using technology, added Prasad. "This is about how we can bring digitisation across all our assets by bringing in more IT people." Shell said the new technology centre, which was inaugurated on Friday and employs 1000 ...

Shell looking to sell stake in Danish venture: Sources

According to sources, the stake is valued at up to $1 billion

Shell reports quarterly net profit of $1.4bn

Earnings after taxation hit $1.4 billion in the three months to September, against a net loss of $7.4 billion last year

Shell Oil to expand in India

Shell is the only global oil company with a license to build a network of up to 2000 retail fuel stations

Shell net profit dives 71% on low oil prices

The slump in oil prices has pushed energy groups worldwide to slash spending and jobs, and sell off assets

Shell to exit up to 10 countries in cost cutting drive after BG deal

To pay down debt following its $54 billion acquisition of BG Group

Shell cuts 2,200 more jobs

These reductions are in response to oil prices staying lower for longer, and as a result of the acquisition of BG Group Plc earlier this year

Shell to cut 2,200 more jobs in face of weak oil prices

Company has reduced its annual spending target to below $30 billion and is selling $30 billion worth of assets to weather weak oil prices