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Search resuls for: "Zoe Yujnovich"


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“This agreement marks an important milestone for Shell in Nigeria, aligning with our previously announced intent to exit onshore oil production in the Niger Delta,” Zoe Yujnovich, Shell’s integrated gas and upstream director, said in a statement. The assets that Shell is selling are largely owned by the Nigerian government’s national oil company NNPC, which holds a 55% stake. However, pollution from oil and natural gas production has prevented residents from accessing clean water, hurt farming and fishing, and heightened tensions. Despite joint military operations and a government benefits program for former militants that accompanied the amnesty deal, the Niger Delta remains volatile. The oil industry faces risks of violence, including pipeline vandalism by oil thieves, whom companies often blame for oil spills.
Persons: — Shell, Shell, Zoe Yujnovich, France's TotalEnergies, , Ledum Mitee, Dumnamene Organizations: Shell, Aradel Energy, Nigerian, Eni, Movement, Ogoni, Youths, Environmental Advocacy, AP Locations: ABUJA, Nigeria, Niger Delta, West, London, Ogoni People, Niger, Guinea
It also defies protests from a minority of activist investors who want oil companies to be more closely aligned with global efforts to mitigate climate change. An oil and gas price rally driven by energy producer Russia's invasion of Ukraine translated into record profits for the energy majors. That has increased confidence in the most costly, high-risk offshore exploration that can also deliver the highest rewards. Wood Mackenzie analysts predict a continued increase in activity, forecasting offshore exploration and drilling activity to grow by 20% by 2025. Wood Mackenzie meanwhile predicts the commitment of up to $185 billion to develop 27 billion barrels of oil reserves, with international oil companies focused on the higher-cost, higher-return deepwater developments.
Persons: Olivier Le Peuch, Baker Hughes, Wood Mackenzie, Leslie Cook, TotalEnergies, Yujnovich, QatarEnergy, Shell, Graff, La Rona, Ron Bousso, Barbara Lewis Organizations: Shell, BP, SLB, Reuters, International Energy Agency, Barclays, West Africa –, Nambia's Petroleum, Thomson Locations: Namibia, Ukraine, Gulf of Mexico, South America, West Africa, NAMIBIA, Canada
SummarySummary Companies Chief of staff to oversee performance improvementAppointment to be announced in MarchShell profits hit record, but costs set to riseLONDON, Feb 23 (Reuters) - Shell (SHEL.L) Chief Executive Officer Wael Sawan has created a senior role of chief of staff as part of a management overhaul to improve performance after technical problems and other disruption, three company sources said. The chief of staff, the first in Shell's 115-year-old history, is the biggest change Sawan has made to top management since he took office on Jan. 1 with a promise to boost the company's performance. Sawan announced the role of chief of staff and corporate relations in an internal memo last week, the sources said. A Shell spokesperson confirmed the role has been created, without adding details. Sawan has said he will improve Shell's performance and efficiency as it attempts to shift towards low-carbon energy and cut greenhouse emissions in the coming decades.
Shell to combine its integrate gas, upstream businesses
  + stars: | 2023-01-30 | by ( ) www.cnbc.com   time to read: 1 min
The logo of Shell on an oil storage silo, beyond railway tanker wagons at the company's Pernis refinery in Rotterdam, Netherlands, on Sunday, Oct. 23, 2022. Shell Plc said on Monday its integrated gas and upstream businesses would be combined to form a new integrated gas and upstream directorate led by current upstream director Zoe Yujnovich. The downstream business will be combined with the renewables & energy solutions unit to form a new downstream and renewables directorate led by current downstream director Huibert Vigeveno, the company said.
SummarySummary Companies New CEO took office Jan. 1Upstream boss to oversee expanded unitExecutive committee to shrink to seven from nine membersLONDON, Jan 30 (Reuters) - Shell (SHEL.L) will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of CEO Wael Sawan's first changes since taking charge of the energy giant earlier this month. The new division, which combines Shell's most profitable operations, will be headed by current upstream director Zoe Yujnovich, Shell said in a statement on Monday. Sawan took office on Jan. 1 after heading Shell's integrated gas division, which included Shell's LNG and renewables businesses, with a vow to simplify and improve the company's operations. Under the internal restructure, renewables operations will be combined with Shell's oil refining and marketing operations led by current downstream director Huibert Vigeveno, the company said. Reporting by Aby Jose Koilparambil in Bengaluru; editing by Rashmi Aich and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
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