The penalties were tightened under former U.S. president Donald Trump and although the new President Joe Biden is more conciliatory, top officials in his administration have said Washington would not take a quick decision on any deal with Iran.
Feb 11, 2021 2:45:pm
Summary
by: Joe Murphy & William Powell
(Adds comment from UK upstream industry group)
Shell plans to rebalance its investments to focus more on achieving net-zero emissions by 2050, and has also announced intermediary targets for reaching the goal.
Under its Powering Progress strategy, published on February 11, the Anglo-Dutch major will organise its investments into three pillars of Growth, Transition and Upstream. It will invest $5.
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Russian oil and gas condensate production has increased by 150,000 barrels per day (bpd) to around 10.19 million bpd in the Jan. 1 - 14 period from December as output curbs by global producers were eased, an industry source said on Friday.