The British oil giant Shell said on Thursday that its decision to pull out of its projects in Russia will slash its quarterly profit by $4 billion to $5 billion.The […]
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Back to news homeHow Much Will the U.S.’s Oil Ban Hurt Russia?
In the longer term, though, the future of the Russian industry, which bankrolls a large portion of the government budget, has turned cloudy. China, for instance, is a hard bargainer […]
The Future Turns Dark for Russia’s Oil Industry
In the longer term, though, the future of the Russian industry, which bankrolls a large portion of the government budget, has turned cloudy. China, for instance, is a hard bargainer […]
Shell Quits Russia, Joining BP as Oil Giants Object to Attack on Ukraine
Thane Gustafson, author of “Wheel of Fortune,” an account of the Russian oil industry after the fall of the Soviet Union, recalled that the oil executives who were instrumental in […]
Oil Executives Testify on Industry’s Role in Climate Disinformation
House Democrats have begun questioning the executives of some of the world’s biggest oil and gas companies — Exxon Mobil, Chevron, BP and Shell — over allegations that the companies […]
Royal Dutch Shell Is Selling Its Permian Basin Oil Holdings to ConocoPhillips
HOUSTON — Royal Dutch Shell sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips for $9.5 billion in cash on Monday.The deal […]
Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’
MINETY, England — On a clearing at the edge of a farm field, 40 big rectangular boxes the size of shipping containers sit behind a tall fence. Packed inside are […]
Shell Says Its Oil Production Has Peaked and Is Likely to Decline
Royal Dutch Shell on Thursday made the boldest statement among its peers about the waning of the oil age, saying its production reached a high in 2019 and is now […]
Suriname Could Be Latest Big Oil Find as Industry Cuts Costs
Suriname, Guyana and Brazil are now attracting more new investment than the Gulf of Mexico and other more established oil fields. And they are helping to keep global oil prices […]