Shell posts strong profits as oil prices surge amid Middle East disruption; the company remains a leading global energy player balancing fossil fuels with energy transition plans.
Global oil majors are posting higher first‑quarter profits as supply disruptions, including the Strait of Hormuz tension and related price spikes, bolster trading and refining margins. Shell and BP report earnings well above forecasts, while Aramco highlights a critical export artery from its east coast to the Red Sea, helping cushion markets.
Campaigns protest rising energy costs as Shell and other oil majors report rising profits; governments are weighing measures to curb profiteering while households confront higher energy and food prices amid global tensions.
Adura’s Jackdaw gas field is undergoing a final public consultation after a court overturned ministerial consent. The 159‑page Environmental Impact Assessment says the project would contribute less than 0.02% of global greenhouse gases over its lifetime and could meet a portion of the UK’s gas needs this winter, while opponents warn it will have little impact on bills or energy security.
Growing pressure surrounds North Sea developments as Labour’s Burnham weighs policy changes. Rosebank and Jackdaw face regulatory reviews and environmental scrutiny, while the EPL windfall tax looms over investment. Officials caution against early approvals as consultations wrap up, with debates centring on energy security, jobs, and climate impacts.