UK Watchdog Says Shell’s Greenwashing Campaign Is Misleading
The UK’s advertising regulation authority recently prohibited certain advertisements by Shell on various platforms, citing that they conveyed an inaccurate depiction of the company’s lower carbon business’s scale. According to Reuters, the ruling places additional demands on energy companies with significant fossil fuel operations that wish to promote their eco-friendly products and decrease their carbon footprint. […]
Shell Completes Acquisition Of US Nature Energy
Oil giant Shell Petroleum has completed the acquisition of 100% of the shares of Denmark’s Nature Energy, as the energy industry in Europe continues to adjust to new global markets in the wake of more than two years of turmoil. By purchasing the shares in Nature Energy, Shell has acquired the largest producer of renewable […]
Dutch Regulator Says Shell & TotalEnergies Can Collaborate On CO2 Storage
Following an assessment of their plans, ACM has decided that as cooperation is necessary for getting the initiative off the ground and for realizing climate benefits, the “slight restriction of competition between Shell and TotalEnergies is not that harmful”. According to ACM, the two companies need to offer CO2 storage together and therefore jointly set the […]
Shell Works On $9.5B Deal With ConocoPhillips
Royal Dutch Shell announced on Monday, September 20, it would sell its Permian Basin assets to ConocoPhillips for US$9.5 billion in cash, an exit from the largest US oilfield for the energy major shifting its focus to the renewable energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the […]
Bulgaria OKs Shell’s Filling Station Scheme
The Commission for Protection of Competition of Bulgarion (CPC) stated that it granted approval to fuel retailer Shell Bulgaria to acquire control of five filling stations by way of a ten-year lease agreement with their owners – local companies Stella-Aruzh, Europetrol, and Europetroyl. The notified transaction will not result in the establishment, or strengthening, of […]
EU: Shell and Eneco bid for Dutch offshore wind farms
Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea.. The Dutch were among the first to offer a ‘zero subsidy’ tender for wind power in 2017, with Sweden’s Vattenfall winning the right to build […]
Germany: Shell gets green light to acquire part of Toll4Europe
According to a report from Reuters, a deal for a unit of Royal Dutch Shell to acquire a 15% stake in Toll4Europe, an electronic toll service provider backed by Deutsche Telekom, has won antitrust clearance, the German company announced on Tuesday, November 27. The unit, euroShell Cards, joins a consortium comprising Telekom unit T-Systems, which […]
US: Appeals court rejects Anderson News antitrust lawsuit
Former magazine distributor Anderson News failed to provide sufficient evidence that publishers and competing distributors illegally conspired to boycott its service, a federal appellate court has ruled, affirming the lower court’s opinion. The 2nd US Circuit Court of Appeals agreed in an opinion published on Monday, August 6, with a lower-court judge in rejecting Anderson […]
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