In March, Shell’s oil trading earnings have doubled, BP plans on building Britain’s largest hydrogen plant, and the pandemic is still affecting the mental health of oil & gas employees. Continue reading our oil and gas news round up to learn more about what’s happening in the industry this month.
Shell’s oil trading earnings doubled in 2020
Shell’s oil trading operations accounted for 43% of the Oil Products division’s total earnings in 2020. Additionally, in the same year, Shell’s earnings from trading crude oil and refined products doubled to $2.6 billion. This helped offset the sharp drop in fuel demand due to the pandemic.
For more details click here to read oil and gas 360’s article.
The Pandemic is Affecting Oil & Gas Worker’s Mental Health
The coronavirus pandemic has had a significant impact on people’s mental health no matter their walk of life. Everyone has felt anxious or a sense of uncertainty at some point during this difficult time. But since the start of this pandemic the oil and gas industry has been hit hard, and so has its workers. Thousands of oil and gas workers have seen a reduction in their hours, been laid off or lost their jobs completely, placing immense pressure on their mental wellbeing.
For more information and statistics on mental health in the oil and gas industry click here.
BP Plans on Building Britain’s Largest Hydrogen Plant
BP aims to build Britain’s largest hydrogen plant as part of the country’s efforts to cut greenhouse gas emissions. BP will make a final decision on the project–named H2Teeside–in early 2024 and they expect production to begin in 2027. Their goal is to have the project finished by 2030.
Click here to read the full article about the H2Teeside project.
Reach Out to Tiger General
We hope you found our March oil and gas news roundup interesting. If you need a new piece of equipment fill out the Tiger General Truck Inquiry Form today!