Venezuela's government signed five agreements with ‌Shell to advance oil and gas projects, including the company's participation in the 7 Tcf Loran offshore gas field.

Oil prices have surged this year amid the conflict with Iran. Brent oil, the global benchmark price, has risen more than 50%, jumping from around $60 a barrel to more than $90. On

Shell may sell offshore wind assets worth more than $1 billion as the oil giant continues shifting capital to LNG.

The oil giant says the documents ignore the critical context of the complex operating environment at the time.

Venezuela ​signed several ‌agreements with British ​energy ​firm Shell on ⁠Thursday to ​move ​forward oil and gas projects, ​including ​the company's participation ‌in ⁠the coveted 7-trillion-cubic-feet Loran ​offshore ​gas ⁠field,

The Merlin-1X exploration well, which began drilling in April 2026, is the tenth to be drilled under the licence.

Shell plans to sell offshore wind farms as it shifts focus back to fossil fuels, continuing its retreat from renewable energy under CEO Wael Sawan.

LONDON, June 10 (Reuters) - Restoring a balanced crude oil market amid heavy inventory drawdowns will take a year and possibly longer, Shell CEO Wael Sawan said on Wednesday. • Sawan told a conference that over 10% of global crude oil production is out due to the Iran war.

Shell Plc is preparing to launch a sale of its offshore wind farms in the oil major’s latest move away from renewable energy to focus on its higher-returning fossil fuel business.

Dutch-German transmission system operator hires Shell’s Dutch president, who has worked at the oil giant since the 1980s

U.S. stocks are drifting Friday after oil prices fell again and Wall Street welcomed the highly anticipated debut of SpaceX. SpaceX’s stock surged 11% shortly after it began trading. It’s the first of three gargantuan companies in the artificial-intelligence industry expected to start selling their shares on the U.