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business Mar 19, 2026, 10:54 AM
Gas prices surge to three-year high following attacks in Qatar - Attacks on energy sites in Iran and Qatar have led to substantial damage and heightened market fears.
- UK's dependency on gas imports is emphasized as recent conflicts trigger significant price increases.
- The situation poses long-term challenges for energy supply stability, urging a transition to renewable energy.
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business Feb 13, 2026, 3:45 PM
Shell offers festive discounts for EV charging - Shell is revamping retail stations and offering discounts on select products until March 31, 2026.
- Motorists in Malaysia will benefit from 50% discounts on tolls during Chinese New Year on February 14 and 15, 2026.
- The initiatives reflect companies' efforts to improve customer experiences and accommodate holiday travel needs.
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business Feb 5, 2026, 9:38 AM
Shell reports significant profit drop amid oil price collapse - Shell reported a 22% decline in annual profits due to collapsing oil prices.
- The company's fourth-quarter adjusted profits dropped to 3.26 billion dollars, the lowest in nearly five years.
- Despite disappointing results, Shell continues to execute share buyback programs and increase dividends to support shareholders.
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business Feb 4, 2026, 10:49 AM
Shell's CEO Wael Sawan set for multimillion-pound pay rise - Shell is finalizing a new pay policy for its CEO, Wael Sawan, which will significantly increase his compensation.
- Consultations with shareholders have indicated support for this move, aiming to align pay with performance.
- This adjustment reflects broader trends in the corporate sector as firms react to competitive pressures to retain top talent.
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business Jan 30, 2026, 4:06 PM
Shell faces severe earnings drop due to oil price slump - Shell is expected to announce a significant earnings drop due to a 21% decline in oil prices over the past year.
- Analysts predict that the company's underlying earnings will fall to 18.79 billion US dollars, down from 23.72 billion dollars in 2024.
- The drop in earnings is attributed to an oversupply of oil, geopolitical tensions, and a decline in trading performance.
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business Jan 30, 2026, 11:34 AM
Liberty Steel's Hartlepool pipes unit for sale as Gupta empire crumbles - Advisers have been appointed to sell Liberty Steel's Hartlepool operation, targeting bids within the next fortnight.
- The Hartlepool steel pipes unit has been making losses and employs around 170 individuals.
- Without finding a buyer quickly, the future viability of the pipes unit remains uncertain.
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business Jan 14, 2026, 9:22 AM
BP predicts massive write-downs amid weak oil trading performance - BP forecasts write-downs up to five billion dollars due to weak oil trading.
- Brent crude prices fell from 69.13 dollars to 63.73 dollars per barrel in the fourth quarter.
- The company is working to reduce its debt while preparing for a change in leadership.
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business Nov 28, 2025, 5:11 PM
Shell fined for negligent maintenance leading to hydrocarbon release - Shell UK was fined £560,000 after an incident in 2017 on the Brent Charlie oil rig due to negligent maintenance.
- The failure to maintain the pipework for seven years resulted in a significant hydrocarbon release, posing an explosion risk.
- This case underscores the need for improved safety management practices in the offshore oil and gas industry.
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2026 All rights reserved