Shell

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.

Two of Europe’s biggest oil companies urged Texas regulators to end the routine flaring of natural gas, joining with large investors who want greater oversight of the harmful environmental practice.

A new open innovation studio aims to use crowdsourcing to redefine the future of oil and gas exploration.

The acquisition and divesture deal includes large-interest positions in nine offshore exploration blocks, several of which Shell may become the operator of.

After 2 years of testing, Shell is going all in on using high-flying technology to catch methane leaks to reduce its overall emissions to less than 1%.

The engineering simulation firm announced the successful deployment of a complete structural digital twin for Shell’s Bonga floating production, storage, and offloading vessel 120 km southwest of the Niger Delta in Nigeria.

Winning innovators focused on environment, safety, and operational efficiency.

Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash.

Shell’s health, safety, and environment team in Argentina, with support from Tenaris, created a new safety protocol during the down period that allowed the company to be the first operator to resume operations in May.

Shell and Chevron lead the pack in a slew of Q2 losses with $18.1 billion and $8.3 billion, respectively. ExxonMobil, ConocoPhillips, Royal Dutch Shell, Petrobras, and Repsol also posted losses. The tally of these global majors’ losses in a single quarter tops $30 billion.