Shell to write down up to $22 billion

Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price outlook. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is … Read more Shell to write down up to $22 billion

Nigerians Bid to Sue Shell in U.K. Over Oil-Spill Pollution

Nigeria is Africa’s largest oil producer, and depends on crude for about half of government revenue and 90% of export earnings. However, thousands of spills over decades have destroyed the livelihoods of fishing and farming communities in the southeast of the country, including more than 40,000 people from the Bille and Ogale communities who are … Read more Nigerians Bid to Sue Shell in U.K. Over Oil-Spill Pollution

Shell cuts dividend for first time since World War II

Royal Dutch Shell cut its dividend on Thursday for the first time since World War II. The cut came after its profits were wiped out by a collapse in oil demand. #RoyalDutchShell Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow … Read more Shell cuts dividend for first time since World War II

Shell CEO on Dividend Cut, Debt, Oil Industry `Crisis’

Apr.30 — Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden discusses the company’s dividend cut, its debt outlook and the challenges facing the oil industry amid the slump triggered by the coronavirus pandemic. He speaks on “Bloomberg Markets: European Open.”

Shell Cuts Dividend for First Time Since Second World War

Apr.30 — The oil industry is facing a “crisis of uncertainty,” says Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden. “Maybe even uncertainty about the viability of some of our assets,” he said in an exclusive interview on “Bloomberg Markets: European Open.” Van Beurden spoke after Shell cut its dividend for the first … Read more Shell Cuts Dividend for First Time Since Second World War

Iraq: West Qurna Oil Field Now Producing 285,000 Barrels Per Day

ExxonMobil Iraq Limited, South Oil Company of Iraq, Shell West Qurna B.V. and Oil Exploration Company of Iraq, have announced that the West Qurna Oil Field in Iraq is now producing 285,000 barrels of oil per day. Under a service contract, a target for a 10% increase in production was set at the field. To achieve … Read more Iraq: West Qurna Oil Field Now Producing 285,000 Barrels Per Day