UCL professor resigns from Science Museum board over oil and gas cash Professor of Climate Science Chris Rapley CBE resigned this weekend from the Science Museum’s Advisory Board over the issue of fossil fuel sponsorship and the museum’s willingness to accept money from major oil and gas companies, including Shell. Rapley, who is currently Professor of Climate Science at UCL, has long-standing ties with the Science Museum, [...]
Fuel crisis: City traders circle BP and Shell as they take positions for more price hikes Investors are not banking on a swift resolution to the UK fuel crisis against a backdrop of continuing queues on forecourts and the Army being put on standby to help with deliveries, according to data shared with City A.M. this morning. Analysis of investor movements with regards to BP, Royal Shell and Glencore shows that [...]
Shell Energy adopts 255,000 customers from collapsed supplier Green Shell Energy adopts 255,000 customers from collapsed supplier Green Shell Energy has adopted 255,000 customers from recently collapsed Green Supplier, just one week after British Gas took on 350,000 customers from People’s Energy. Industry regulator Ofgem appointed Shell Energy to take on the extra customers, whom had been fearing higher energy bills this winter as a result of losing their supplier. Outstanding credit balances, [...]
Shell forecourt stores join Uber Eats as popularity grows for speedy groceries September 23, 2021 Shell petrol station shops have partnered with Uber Eats, meaning consumers will have 24 hour access to grocery products. Some 340 forecourt stores are joining the delivery platform after the company left a partnership with Deliveroo. More than 250 of the stores are available for orders 24 hours a day. More than 750 products will [...]
Shell Enterprises sells off Texan Permian business to ConocoPhillips for $9.5bn September 21, 2021 Shell Enterprises, a subsidiary of energy giant Royal Dutch Shell, is set to sell off its Texas-based Permian business to ConocoPhillips for some $9.5bn in cash. The deal, however, which transfers all of Shell’s interest in the Permian to oil and gas heavyweight ConocoPhillips, is still subject to regulatory approvals. “After reviewing multiple strategies and [...]
Shell plans to install 50,000 charging points in the UK by 2025 September 1, 2021 Oil giant Shell has today unveiled plans to install 50,000 electric vehicle charge points on the UK’s streets by 2025 through its Ubitricity subsidiary. The FTSE 100 firm said that it would support local authorities in paying for the installation with special financing terms meaning that some will not have to pay. As the government [...]
Channel 4 and BP cut sponsorship ties for Paralympics coverage August 24, 2021 As the Paralympic Games begin today, it has emerged that oil giant BP is no longer a sponsor of Channel 4’s prime-time coverage of the event. An initial press release issued by Channel 4 in January 2020 announced that BP and Toyota would “share sponsorship equally” but a subsequent press release published last week stated that “Channel 4’s Tokyo [...]
Science Museum under fire after signing ‘gagging order’ with Shell over sponsorship deal July 30, 2021 The Science Museum is under fire today for signing a “gagging order” preventing it from criticising Shell, the sponsor of its current “Our Future Planet” exhibition. Documents obtained by FOI request by climate group Culture Unstained show that the museum signed a sponsorship agreeing in which it agreed not to do or say anything which [...]
Shell boosts dividend and launches $2bn share buyback as earnings pop July 29, 2021 Shell said that it would increase its dividend and kick off a $2bn share buyback programme as its second quarter earnings hit their highest levels in two years. The oil giant said that earnings came in at $5.5bn, up 71 per cent on the $3.3bn it took in the same period last year. Increased oil [...]
Shell greenlights major new oil field in Gulf of Mexico July 26, 2021 Shell this afternoon gave the green light to a major new oil field in the Gulf of Mexico, its first such project to be approved since a Dutch court ordered the oil giant to cut emissions quicker. At peak production, the field, which is called “Whale”, will provide an estimated 100,000 barrels of oil per [...]