Also known as: British multinational Shell · Shell plc
Major oil and gas company reporting record first-quarter profits of $6.92 billion amid Middle East conflict disruptions.
Verbatim sentences from the source article.
Business & Financial Times
… On May 27, TOR received approximately one million barrels of Bonga crude oil aboard the Motor Tanker MT Cap Felix under a tolling arrangement involving Fujairah/Triangle Commodities Trading, which sourced the cargo from Shell. …
TOR clears six-year audit backlogJoy Online
… It is also not clear for now how the other major players in the industry, including Goil, Shell, Total and Zen Petroleum will react to this development. …
Some OMCs begin increase in fuel prices; Star Oil sells petrol at GH¢15.20Joy Online
… The shipment, purchased from Shell and supplied through TOR’s tolling partner, Fujairah/Triangle Commodities Trading (TCT), forms part of broader efforts to revitalise the refinery’s operations and ensure a steady supply of petroleum products to the Ghanaian market. …
TOR MD honoured for outstanding Public Sector Leadership at 10th Ghana CEOs SummitJoy Online
… Last month, BP reported that its profits for the first three months of the year had more than doubled, while Shell announced last week that its earnings had jumped. …
Oil price predicted to remain above $100 for rest of yearJoy Online
… Last month, BP reported that its profits for the first three months of the year had more than doubled, while Shell announced last week that its earnings had jumped.
Oil prices jump after Trump dismisses Iran proposal to end warJoy Online
… Shell also beat analysts’ expectations when it reported a rise in first-quarter profits to $6.92bn. …
The companies making billions from the Iran warJoy Online
… Shell also beat analysts’ expectations when it reported a rise in first-quarter profits to $6.92bn. …
The companies making billions from the Iran warJoy Online
Shell has become the latest energy giant to report a jump in profits following the sharp increase in oil prices since the beginning of the Iran war. …
Shell latest oil giant to see profits surge due to Iran war impactJoy Online
Shell has become the latest energy giant to report a jump in profitsfollowing the sharp increase in oil prices since the beginning of the Iran war. …
Shell latest oil giant to see profits surge due to Iran war impactShell reported second-quarter profits of $9.84bn, more than double the $4.26bn from the same period last year, as the US-Israel conflict with Iran disrupted global oil supplies and pushed prices higher. The oil giant's first-half earnings surged 70% as rising crude prices and trading opportunities boosted results.
11 hours ago · Joy Online →
Shell reported second-quarter profits of $9.84bn, more than double the $4.26bn from the same period last year, as the US-Israel conflict with Iran disrupted global oil supplies and pushed prices higher. The oil giant's first-half earnings surged 70% as rising crude prices and trading opportunities boosted results.
11 hours ago · Joy Online →
Ghana's crude oil production has declined for six consecutive years, falling from 71.44 million barrels in 2019 to 37.30 million barrels in 2025, according to an Institute for Energy Security report. The prolonged downturn, driven by ageing oil fields, limited upstream investment, and no new petroleum agreements since 2018, has caused total petroleum receipts to drop 43.27% from US$1.36 billion in 2024 to US$770.27 million in 2025.
14 July 2026 · Joy Online →
The chief executive of Adura, the owner of the Jackdaw gas platform in the North Sea, told BBC News that government approval is "hyper critical" to avoid domestic supply shortages this winter, saying the project could meet 6% of UK gas needs from 1 October. Environmental campaigners oppose the project, citing this summer's record heatwaves as evidence of the need to tackle climate change.
9 July 2026 · Joy Online →
Adura's updated Environmental Impact Assessment of the controversial North Sea Jackdaw gas field states its emissions will "not materially influence" global warming, accounting for less than 0.02% of annual global greenhouse gases during its lifetime. The revised assessment argues that the project would displace imported liquified natural gas from the United States, potentially saving the equivalent of four million tonnes of CO2.
8 July 2026 · Joy Online →
Global benchmark Brent crude has fallen below $72.48 a barrel, the price before US and Israel launched attacks on Iran on 28 February, as traffic through the Strait of Hormuz resumes following a US-Iran Memorandum of Understanding on 17 June for nuclear negotiations and measures to end the war.
26 June 2026 · Joy Online →
Diezani Alison-Madueke, Nigeria's oil minister from 2010 to 2015 and former Opec president, was found not guilty of accepting bribes from oil executives in the form of luxury stays and spending in the UK. Her brother and an oil industry executive were also acquitted in the trial at London's Southwark Crown Court.
17 June 2026 · Joy Online →
The US and Iran have agreed a framework deal to end the war, with the Strait of Hormuz set to reopen. Brent crude fell more than 5% to $82.84 a barrel and stock markets rose, though analysts warn the lack of detail on the agreement could create market uncertainty.
15 June 2026 · Joy Online →
President Bola Ahmed Tinubu swore in Joseph Tegbe as Minister of Power and Sola Enikanolaiye as Minister of State for Foreign Affairs on Monday, following the resignations of their predecessors Adebayo Adelabu and Yusuf Tuggar. Tegbe holds degrees in civil engineering and business administration, and has over 35 years of experience in fiscal and economic reform.
10 June 2026 · The Chronicle →
Vivo Energy Ghana and the Applied Technology Institute have signed a Memorandum of Understanding to develop a technical apprenticeship initiative that equips young mechanics, particularly in the informal sector, with industry-relevant technical expertise through classroom instruction and hands-on training. The programme aims to enhance employability, promote professionalism, and foster safety and technical excellence in the automotive industry, while also equipping graduates with business skills to establish their own workshops or service centres.
4 June 2026 · The Ghanaian Times →
Internal documents show Shell continued operating a major oil pipeline in Nigeria for years despite knowing it was causing widespread pollution, despite a 2008 warning from a senior executive about risks from theft and infrastructure failures. UK legal proceedings by Niger Delta communities seek Shell liability for pollution from over 100 leaks between 2011 and 2013.
3 June 2026 · Joy Online →
Tema Oil Refinery has completed audited financial statements for 2019–2025 and posted a Profit Before Tax of GH¢1.24 billion in 2025, its first year of profitability in a decade. The State Interests and Governance Authority commended the refinery for resolving the audit backlog and achieving financial recovery through improved governance and operational reforms.
2 June 2026 · Business & Financial Times →
Some Oil Marketing Companies have begun increasing petroleum product prices from June 1, 2026, in line with the bi-weekly price review under the deregulation policy. Star Oil raised petrol to GH¢15.20 per litre, matching the National Petroleum Authority's price floor, while the Chamber of Oil Marketing Companies projects petrol could rise 4.20–6.20%.
1 June 2026 · Joy Online →
Tema Oil Refinery Managing Director Edmond Kombat was honoured for exceptional leadership and strategic vision at the 10th Ghana CEOs Summit. The recognition follows TOR's recent receipt of one million barrels of Bonga crude oil and efforts to revitalise refinery operations.
29 May 2026 · Joy Online →
JP Morgan predicts oil will remain in the "low $100s" for much of the year even if the Strait of Hormuz reopens soon, as supplies would not return to normal service quickly. Brent crude rose above $105 a barrel following tensions between the US and Iran over ceasefire negotiations.
11 May 2026 · Joy Online →
Oil prices rose sharply in Asian trading after President Trump dismissed Iran's response to US proposals to end the war as "totally unacceptable." Iran, responding through Pakistan as mediator, called for an immediate end to the conflict and guarantees against further US-Israeli attacks, while Brent crude rose 3.8% to $105.20 a barrel and US crude increased 4% to $99.30.
11 May 2026 · Joy Online →
As the US-Israel war in Iran drives up energy prices and disrupts shipping through the Strait of Hormuz, major oil and gas companies report record profits. BP's first-quarter profits more than doubled to $3.2 billion, Shell reported $6.92 billion in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4 billion, with European firms benefiting from volatile energy prices and trading operations.
8 May 2026 · Joy Online →
Major oil and gas companies including BP, Shell, and TotalEnergies have reported record profits as conflict and Iran's closure of the Strait of Hormuz have driven up energy prices and volatility. BP's profits more than doubled to $3.2bn, Shell reported $6.92bn in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4bn.
8 May 2026 · Joy Online →
Shell reported first-quarter profits of $6.92bn, up from $5.58bn a year earlier, as oil prices soared following disruptions to Middle Eastern supplies. The price spike resulted from the closure of the Strait of Hormuz, which typically carries about 20% of global oil and LNG supplies.
8 May 2026 · Joy Online →
Shell's first-quarter profits reached $6.92bn, up from $5.58bn a year earlier, driven by sharp increases in oil prices following the Iran war and the effective closure of the Strait of Hormuz, which typically carries about 20% of global oil and LNG supplies.
7 May 2026 · Joy Online →