Shell
By Trixie Yap, Florence Tan and Chen Aizhu SINGAPORE (Reuters) – Glencore (OTC:) and Chandra Asri, gearing up to complete their takeover of Shell (LON:)’s landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant’s outgoing owner, sources familiar with…
By Stephanie van den Berg, Bart H. Meijer and Ron Bousso AMSTERDAM (Reuters) -Oil and gas major Shell (LON:) on Tuesday won an appeal against a landmark ruling that required it to accelerate carbon reduction efforts, dealing a blow to campaigners who have turned to legal channels to pursue climate…
By Ron Bousso LONDON (Reuters) -Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts’ forecasts. The results were lifted by strong performances in the oil and gas production and retail…
By Dmitry Zhdannikov and Julia Payne LONDON (Reuters) – Several high-profile energy traders have in recent weeks quit oil majors for trading houses, multiple sources told Reuters on Thursday, as talent follows assets swapping hands and as trading houses ramp up bonuses. Trading houses such as Vitol and Trafigura have…
By Arathy Somasekhar and Ron BoussoHOUSTON (Reuters) – Financial details of Shell (LON:)’s vast oil and gas trading business are some of the company’s closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its trading regularly earns around $1 billion every year. Testimony by a former…
