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February 9th, 2022:

Shell’s ‘next phase’ in Australia includes drilling 145 new gas wells

Feb 9th, 2022
by John Donovan.
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The Sydney Morning Herald

Shell’s ‘next phase’ in Australia includes drilling 145 new gas wells

By Nick Toscano and Mike Foley

Energy giant Shell has set out plans to drill 145 new gas wells in Queensland over the next three years to supply local consumers and liquefied-gas export markets.

Shell, Tokyo Gas and China National Offshore Oil Corporation (CNOOC) said their QGC joint venture would develop the wells in Queensland’s Western Downs, which will feed existing gas-processing plants and bring an extra 210 petajoules of gas to market in the next 15 years. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Huge profits at BP and Shell revive calls for windfall tax to tackle fuel poverty

Feb 9th, 2022
by John Donovan.
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CNN

Huge profits at BP and Shell revive calls for windfall tax to tackle fuel poverty

By Mark Thompson, CNN Business: February 8, 2022

London (CNN Business) – News that Britain’s biggest oil companies made $32 billion in profit last year is stoking calls for the UK government to impose a temporary tax on their earnings to help households pay soaring energy bills.

Reporting earnings on Tuesday, BP (BP) posted an annual profit of almost $12.9 billion. Shell (RDSA) reported a profit of $19.3 billion last week after what it described as a “momentous” year. Profits at both companies have been boosted by a huge rebound in oil and natural gas prices after they collapsed at the start of the pandemic. The bumper earnings have allowed them to accelerate investments in lower carbon and renewable energy projects while also handing billions of dollars to investors in the form of dividends and share buybacks. Between them, BP and Shell spent $7.7 billion buying back shares last year, and the windfall for investors looks set to continue. BP said it expected to be able to deliver share buybacks of $4 billion per year, while Shell announced plans to hand back $8.5 billion to shareholders in the first half of 2022, including proceeds from last year’s sale of its assets in the Permian Basin in the United States. The huge profits coincide with the announcement that energy bills for most UK households will rise by 54% in April, fueling a cost-of-living crisis that the Bank of England has forecast will mean the biggest drop in disposable incomes in decades. FULL ARTICLE
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Broadband from TalkTalk and Shell most complained about, says Ofcom

Feb 9th, 2022
by John Donovan.
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Business-Live.co.uk

Broadband from TalkTalk and Shell most complained about, says Ofcom

By Jon Robinson & Gemma Bradley: 8 FEB 2022

Customers of TalkTalk and Shell Energy complained nearly twice as much about their broadband, according to new figures.

Communications regulator Ofcom said that it had been sent 17 complaints for every 100,000 customers that the providers served between July and September last year.

FULL ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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