Kelly Gilblom

Business, Fuel

Shell to Buy French Offshore Wind-Power Developer

Shell A truck driver delivers gasoline to a Shell station in Peoria, Ill. The company is now expanding into renewable power sources. (Daniel Acker/Bloomberg News)

Royal Dutch Shell Plc has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renewable power.

Kelly Gilblom | Bloomberg News
November 5, 2019
Business, Fuel

Shell Profit Misses as Slowing Economy Hurts Gas, Chemicals

Shell Patrick T. Fallon/Bloomberg News

Royal Dutch Shell Plc got caught into the same earnings trap as many of its peers, reporting second-quarter earnings that fell well short of expectations as the slowing global economy hit everything from natural gas to chemicals.

Kelly Gilblom | Bloomberg News
August 1, 2019
Business, Fuel

BP Bucks Trend of Big Oil Earnings Misses as Output Rises

Oil Luke Sharrett/Bloomberg News

BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.

Kelly Gilblom | Bloomberg News
July 30, 2019
Business, Technology, Fuel

Shell to Leave Oil Lobby Group Over Climate Policy Concerns

Shell Fuel Jasper Juinen/Bloomberg News

Royal Dutch Shell Plc’s position on climate change is misaligned with about half of the trade associations it’s a part of, and the company says its disagreement with one is so severe that it will let its membership lapse next year.

Kelly Gilblom | Bloomberg News
April 2, 2019
Business, Fuel

BP, Shell Both Claim to Be No. 1 in Investor Returns

Shell Fuel Andrey Rudakov/Bloomberg News

Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric — taking first place was a significant element in the doubling of Shell CEO Ben van Beurden’s pay last year.

Kelly Gilblom | Bloomberg News
March 29, 2019
Business, Fuel

BP Breaks From Peers to Unleash Cash Bet on Oil Staying High

BP Matthew Lloyd/Bloomberg News

BP is gearing up to leave European competitors in the dust, at least when it comes to spending the oil industry’s enormous cash pile. While Total SA and Equinor ASA signaled last week they still are keeping a tight rein on spending, BP showed Oct, 30 it is prepared to take some risks.

Kelly Gilblom | Bloomberg News
October 30, 2018
Government, Business, Fuel

Oil Demand Seen Peaking by 2023 While Climate Targets Are Missed

Trucks transporting oil exit a Valero facility Luke Sharrett/Bloomberg News

Within 20 years, oil use will have long since peaked, renewables and natural gas will account for about half of energy supply and the cost of keeping the lights on will plummet. But that still won’t be enough to meet climate goals, according to a forecast from energy and maritime services company DNV GL Group AS.

Kelly Gilblom | Bloomberg News
September 10, 2018
Business, Logistics

Shale Boom Nudges Propane-Powered Trucks From Dream to Reality

UPS Inc.

For almost 80 years, Blue Star Gas distributed propane throughout the U.S. West Coast on trucks mostly powered by gasoline. Now the company is working to convert its 55 vehicles to run on the same stuff it delivers.

Kelly Gilblom | Bloomberg News
August 5, 2015