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The Danish King Ditches Oil Funds
Denmark's royal house announces that investments in oil funds were replaced last year with investments in funds focused on sustainable development. .
New oil and gas giant in British waters
The Norwegian oil company Equinor's British subsidiary, Equinor UK, is merging its British oil and gas assets in the UK with Shell UK, the British unit of the Shell group. They are forming a jointly owned company, with 50 percent of the shares each, which will become the largest oil and gas producer in the British part of the North Sea.
Court: Shell is doing enough for the climate
A Dutch court is overturning an earlier verdict against the company Shell, which ordered the energy giant to reduce its emissions by 45 percent. The company is doing enough to reduce emissions, the court believes.
Turkey signs new gas agreement with Shell
Turkey's state-owned gas company Botas and energy conglomerate Shell have signed a 10-year agreement on deliveries of liquefied fossil gas (LNG), which may also be sold on from Turkey to Europe. According to the agreement, Shell will deliver the equivalent of four billion cubic meters of LNG per year from 2027, according to Turkey's Energy Minister Alparslan Bayraktar.
Shell's profit exceeds expectations
The British oil and energy conglomerate Shell reports an unexpectedly high profit for the second quarter. The adjusted profit after tax was 6.
Shell pauses biofuel project
The energy concern Shell has paused the construction of a biofuel plant in Rotterdam, the Netherlands, in an attempt to curb the costs of the project. According to the company, what will be the most business-like choice going forward for the project is now being evaluated.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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