Tag: lowcarbon

Home » lowcarbon
Shell boss set to cut jobs from low-carbon division
Post

Shell boss set to cut jobs from low-carbon division

Shell’s new chief executive is poised to cut hundreds of jobs from the oil giant’s low-carbon division as part a plan to boost the company’s profits. Wael Sawan plans to shrink the number of staff working on low-carbon solutions by around 200 next year, after vowing to shift Shell’s focus towards high-profit oil projects and expanding its...

UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy
Post

UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy

The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets. Abu Dhabi National Oil Co. agreed to buy a 30% equity stake in the Absheron gas field in the Caspian Sea, the government-owned firm...