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Shell Nets $840M as Talos, Ridgewood Close Na Kika Divestment

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Shell Nets $840M as Talos, Ridgewood Close Na Kika Divestment

Houston – September 22, 2026 -- Shell Offshore Inc. has closed the sale of its 50% non-operated stake in the Na Kika platform and its wholly owned Coulomb tieback in the Gulf of America, collecting approximately $840 million in cash proceeds after adjustments tied to a July 1, 2025 effective date.

Talos Energy and Ridgewood Energy affiliates take over Gulf of America assets

A subsidiary of Talos Energy and an affiliate of Ridgewood Energy acquired the interests, which were originally valued at $1.7 billion in total consideration at signing before customary adjustments and contingent payments. BP, which operates Na Kika, retains the remaining 50% working interest in the platform.

Volkswagen Tops Fortune 500 Europe as UK Overtakes Germany

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Volkswagen Tops Fortune 500 Europe as UK Overtakes Germany

London – September 18, 2026 -- Volkswagen has retained the No. 1 spot on the 2026 Fortune 500 Europe list with $363 billion in revenue, up 3%, widening its lead over Shell after the energy giant's revenue fell 5% to rank second.

UK overtakes Germany in company count for the first time

Britain now hosts 76 of the ranked firms, edging past Germany's 73 and France's 66, marking the first shift in national dominance since the list launched four years ago.

Combined revenues hit $15.5 trillion, equal to 13% of world GDP

Aggregate revenue across the 500 companies rose 4% year-on-year, representing half of Europe's GDP. Profits rebounded 3% to just over $1 trillion after a 5% decline the previous year, though overall profit margin slipped to 6.5% from a 2024 high of 7.1%.

Gastech 2026 Opens in Bangkok as Asia Drives 80% of Energy Demand Growth

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Gastech 2026 Opens in Bangkok as Asia Drives 80% of Energy Demand Growth

Bangkok – September 16, 2026 -- Gastech 2026 opens in Bangkok on September 14, convening 19 government ministers, global energy CEOs and technology leaders to address emerging markets that now drive more than 80% of global energy demand growth. Hosted by Thailand's Ministry of Energy and running through September 17, the event follows Gastech 2025's approximately $60 billion in commercial agreements and investments, setting a high bar for deal-making in this edition.

Sinopec, Kazakhstan Launch Global CCUS Cooperation Initiative

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Sinopec, Kazakhstan Launch Global CCUS Cooperation Initiative

Astana – September 09, 2026 -- China Petroleum & Chemical Corporation (Sinopec, HKG: 0386) has co-launched a Low-Carbon Energy Development Cooperation Initiative with Kazakhstan's Energy Ministry, Nazarbayev University's Institute for New Materials and Energy Technologies, and the International Organization for Technological Innovation Cooperation on CCUS (ICTO), aiming to deepen coordination on carbon capture, utilization and storage technologies and standards.

Sinopec Launches Low-Carbon Energy Initiative With Kazakhstan at CCUS Summit

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Sinopec Launches Low-Carbon Energy Initiative With Kazakhstan at CCUS Summit

Astana – September 09, 2026 -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") joined Kazakhstan's Ministry of Energy, the International Cooperation Organization for Technological Innovation in CCUS (ICTO), and the Institute of New Materials and Energy Technologies at Nazarbayev University to launch a Low-Carbon Energy Development Cooperation Initiative at the 2026 International CCUS Technology Conference in Astana on September 1-2.

Initiative targets closer coordination on CCUS technology and standards
The initiative aims to strengthen collaboration on carbon capture, utilization and storage (CCUS) technologies and standards, alongside expanded professional exchange across the sector. Government, industry and international-organization representatives from China, Kazakhstan, the United Kingdom, the United States and Canada attended the launch.

Shell Triple 10 Challenge Concept Car Targets Sub-10-Minute Charge on Standard 175kW Network Infrastructure

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Shell Triple 10 Challenge Concept Car Targets Sub-10-Minute Charge on Standard 175kW Network Infrastructure

SHERIDAN, WYOMING -- June 24, 2026 -- Shell has unveiled the Triple 10 Challenge concept car, a road-worthy battery electric vehicle designed to demonstrate a new approach to EV thermal management using the company's advanced dielectric fluid technology. Revealed at HORIBA MIRA's proving ground in the United Kingdom, the vehicle targets three simultaneous performance benchmarks: a sub-10-minute charge time, 10 km/kWh driving economy, and a lifecycle carbon footprint of approximately 10 tonnes CO2e. Shell positions the concept as a proof-of-concept for mass-market EV development that reduces reliance on ever-larger battery packs, instead using thermal fluid innovation to improve efficiency across the entire powertrain.