The world is awash in crude, but big oil companies are lining up to develop new fields in Iran even as they slash spending and abandon exploration elsewhere. One thing explains this paradox: cost.
Shell will install a nationwide network of hydrogen fuelling pumps at retail sites in Germany from 2016, as it aims to accelerate the growth in Europe of the low-carbon alternative fuel.
Oilfield services company Petrofac has been awarded a multi-million dollar technical training contract with Shell Iraq, achieving their fourth win with a major operator in the country.
The crew on the North Sea’s Brent Delta platform, which is set to be decommissioned, gave the song ‘Talk Tonight’ from the Oasis’ 1995 album The Master Plan their best go. Watch the video to see more. Take a look at Subsea 7’s own viral music video here.
Shell’s Ben van Beurden said the industry must create a “brave new world of energy”.
There has been a lot of talk recently about the ‘barriers to entry’ for girls studying science and mathematics at school. Whether it is not feeling smart enough, not knowing about the different career options or just not having the support and role models to encourage and inspire them to take that leap of faith to study science, technology, engineering and maths (STEM) subjects, girls are not pursuing STEM careers in the same way boys are.
Royal Dutch Shell Plc is “puling out all the stops to safeguard” its dividend in a world where oil prices remain “lower for longer,” chief executive officer Ben Van Beurden said.
Oil major Shell could still house some of its fleet in Seattle’s port despite pulling out of plans for exploratory drilling in Alaska. The company said last month it would no longer be pursuing Arctic drilling for the foreseeable future after disappointing results from an initial well. Seattle Mayor Ed Murray said the ruling by deputy hearing examiner Anne Wantanable to clear the way for the possibility of Shell using Terminal 5 for the Polar Pioneer was disappointing. Wantanabe said the attempt by the city’s department of planning and development to require a new land-use permit relied on “inaccurate” characterisations of the work to be done.
Oil major Shell said it has launched the start-up of production from the Bonga Phase 3 project in Nigeria. The Bonga Phase 3 is an expansion of the Bonga Main development, with peak production expected to be some 50,000 barrels of oil and 150 million standard cubic feet of gas per day. The field has been producing oil and gas since 2005 and was Nigeria's first deepwater development in depths more than 1,000 metres.
Each week Energy Voice pulls together the Friday Five. Click below to see the site’s most read and engaged with copy of the week.
Oil giant Shell has completed the sale of Smart Fuel to St1 Nordic Oy of some of its downstream businesses in Norway. The company said it would still continue to remain highly visible in the country, despite the deal for its retail, commercial fuels and supply and distribution logistics businesses. Shell and St1 have also joined forced to create Aviation Fuelling Services Norway AS, a joint venture to sell aviation fuel in Norway.
Shell could delay deepwater drilling planned in New Zealand until next year. According to reports the oil major and its two partners OMV and Mitsui E&P had been planning to drill a test well in the Great South Basin this year. However the company has said it needs more time to evaluate the basin’s complex geology.
Oil major Shell has declared a force majeure and halted crude exports from a key terminal in Nigeria after a pipeline leak. The company said the move was taken after a leak in the Trans Forcados pipeline which affected crude exports from one of the country’s main export points. The terminal has the capacity to export up to 400,000 barrels a day.
The £1billion Peterhead Carbon Capture and Storage project can help kick-start other CCS projects in the UK and make a significant contribution to reducing CO2, according to a leading industry expert.
Shell Malaysia is set to reduce its headcount by 1300 members of staff in its upstream division over the next two years. The oil major said the move was as a result of a continued focus on improving efficiency and reducing complexity which would allow it to become a more “agile and competitive” firm. The announcement comes just a day after Shell revealed it was pulling out its Arctic drilling programme.
Oil major Shell has been picked by Bulgaria to complete oil and gas exploration off its Black Sea coast. According to reports, the country plans to sign a contract by the end of next month as the region looks to lower its reliance on imports from Russia. In April the Balkan country opened tenders for two offshore blocs, Silistar and Teres.
Oscar-winning actress Emma Thompson has joined activists outside the headquarters of Shell to celebrate news that the oil giant is pulling out of drilling in the Arctic.
The inglorious end to Royal Dutch Shell Plc’s $7 billion search for oil in Alaska means billions of barrels of crude will probably remain locked away in Arctic waters from the U.S. to Russia -- at least as long as prices remain near $50 a barrel. Shell abandoned exploration off Alaska for the “foreseeable future” on Monday after it failed to find meaningful quantities of oil or natural gas. In Russia, sanctions over Ukraine have halted partnerships aimed at exploring offshore in the Arctic, while exploration in Greenland has been on hold since 2012 and activity in Norway is slowing.
The news of Shell’s departure from its Arctic offshore project has been greeted by a mixture of nodding heads, wrinkled brows, and, in some quarters, elated arm-waving.
Last week, I was in a small tent on the vast Greenland ice sheet with a leading British glaciologist investigating and documenting the alarming rate of ice flow and melt as a result of climate change.
As oil major Shell pulls out of its Arctic campaign off the coast of Alaska, Energy Voice looks back over the past year. The company said it would cease exploration activity in the region for the “foreseeable future”, amid high costs and a “challenging and unpredictable” regulatory environment. Take a look at our gallery below.
The Shadow climate change minister of the Labour Party said the board of oil giant Shell should be calling for its chief executives resignation.
Shell has pulled out of offshore drilling in the Arctic, in a decision labelled an “unmitigated defeat” for oil companies by environmentalists opposed to the exploration. The company is abandoning exploration off the coast of Alaska after failing to find sufficient signs of oil and gas to make further exploration worthwhile. The company said it would cease exploration activity in the region “for the foreseeable future”, blaming high costs associated with the project and a “challenging and unpredictable regulatory environment”.
Shell’s decision to pull out of drilling in the Arctic should be a turning point in the fight against climate change, green campaigners have said. Environmentalists also called on the company, which recently left the high-profile Prince of Wales’ Corporate Leaders’ Group on climate change amid the Arctic drilling controversy, to set out how it was going to move its business model to one that was compatible with curbing global temperature rises. Campaigners fear an oil spill from Arctic offshore drilling could be very damaging to the environment and exploiting the region for fossil fuels would undermine efforts to tackle climate change.
A new initiative to develop an orderly shift to a low carbon economy - backed by energy giants including Shell and BHP Billiton - was officially launched today.