Shell claimed £200m from Ofgem heaping pressure onto household bills January 15, 2023 Shell claimed almost £200m for costs associated with taking on customers whose suppliers had gone bankrupt in 2021, before generating record profits in 2022 on the back of soaring oil and gas prices. Shell’s UK utility business claimed £197m under Ofgem rules for costs linked to picking up 500,000 new customers from five energy suppliers [...]
FTSE 100: Anglo American and Glencore power London premier index to 2019 high January 6, 2023 The FTSE 100 has extended its strong start to the year by closing at its highest level since the summer of 2019 today, powered by mining giants in London trading. The capital’s premier index clinched the landmark after a late afternoon surge, finishing up 0.87 per cent at 7,699.49 points. Miners led the FTSE 100 [...]
Slashing artworks won’t help the climate fight as much as the oil firms will December 1, 2022 Stop using oil or the Vermeer gets it. That’s the message from our friends at Just Stop Oil, who have somehow transmuted irritation at the use of fossil fuels to anger at the works of the Dutch masters. Yesterday the group said they were set to “escalate” their activity from attaching themselves to artworks to [...]
Shell weighs up £25bn UK spending pledge after Hunt toughens windfall tax November 21, 2022 Shell has warned it could ditch its pledge to invest £25bn in the UK’s energy sector, after the windfall tax was toughened up last week.
Shell backlash shows no profit is safe in windfall tax-crazed Britain October 27, 2022 Another windfall tax after Shell profits? Britain is at risk of becoming uninvestable Pity the folks in Shell’s communications department, who must be tempted to wear bullet-proof armour whenever they send out a trading update. Yesterday’s numbers were impressive, as you’d expect when energy prices are inflated. They also avoided paying any of Rishi Sunak’s [...]
Shell will not pay any windfall tax despite booming profits October 27, 2022 Energy giant Shell does not expect to pay the windfall tax this quarter, as it has invested sufficient funds in North Sea oil and gas projects.
Shell unveils £8.1bn profits in another monster quarter of trading October 27, 2022 Shell has reported another quarter of bumper trading and hefty profits, revelling in historically elevated oil and gas prices this year.
Shell takes second stake in Qatar’s mega LNG project October 23, 2022 Shell is investing in the second phase of a mega LNG project in Qatar, just three months after buying into the initial stages of the development.
Ed Warner: Don’t criticise British Cycling for accepting sponsorship from Shell October 20, 2022 Disclaimer No1: I don’t think I’ve written anything in support of British Cycling down the years. Quite the opposite in fact. But I can’t bring myself to add my name to the lengthening petition that splutters in indignation about the governing body’s sponsorship deal with Shell. So, here’s a first for me. British Cycling’s eight-year [...]
Shell says profits will be hit by weaker gas trading October 6, 2022 Shell warned that its third-quarter profits would be dented today after it weathered a sharp rise in refining costs and weaker earnings from natural gas trading.