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LONDON: As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is red flag for some investors.
LONDON: Royal Dutch Shell avoided its first quarterly loss in recent history helped by its trading business but announced nearly US$17bil in impairment charges reflecting its lowered short-term oil and gas price outlook.
LONDON: Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch energy company said on Tuesday.
LONDON: Royal Dutch Shell on Tuesday said it will write $22 billion off the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic.
THE HAGUE: The world may be leaning too heavily on electrification as a means to carbonise its energy mix, according to the boss of Royal Dutch Shell Plc.
Who knows what the new normal for oil demand will be once Covid-19 is firmly in the rear view mirror?
LONDON: Royal Dutch Shell Plc plans to eliminate all net emissions from its own operations and the bulk of greenhouse gases from fuel it sells to customers by 2050