Shell disposes of $630million Elba LNG interest
Oil giant Shell is to sell its equity interest in Elba liquid natural gas company for Kinder Morgan for $630million.
Shell
George Clooney and Greenpeace take aim at Shell
George Clooney is leading a star-studded line-up in the latest round with Shell over plans for its Arctic drilling.
Poll: Is Shell right to drop the word ‘oil’ from the name of its US unit?
Shell buys Morgan Stanley’s Europe gas and power trade book
Royal Dutch Shell has acquired Morgan Stanley's European gas and power trading book as the U.S. bank continues its exit from the sector. Shell is set to significantly increase its footprint in the gas market in the coming years if it completes its proposed $70 billion acquisition of smaller British rival BG Group and as part of a growing strategic alliance with Russia's Gazprom, the world's top gas producer. Shell Energy Europe, its supply and trading arm in the region, has signed a binding sales and purchase agreement for Morgan Stanley's portfolio, the Anglo-Dutch company said on Friday, without providing further details.
Video: Shell captures footage of topside being moved onto largest offshore floating facility
The full-scale of Shell's incredible Prelude FLNG project has begun to take shape as the last of the topside modules have been moved into place. The oil giant has captured footage of the moment the module was safely installed.
Shell US unit may drop ‘oil’ from name in sign of times
The US unit of Royal Dutch Shell Plc may soon drop the word “oil” from its name in a move that would symbolize its transition to other sources of energy, an executive said. With Shell Oil Co.’s parent focusing more on natural gas and looking at other energy alternatives, the oil in the name “is a little old-fashioned, I’d say, and at one point we’ll probably do something about that,” Marvin Odum, director of the company’s upstream Americas business, said Thursday at the Toronto Global Forum.
Kvaerner win additional work for Shell at gas plant
Shell in Norway has awarded Kvaerner a project to harmonise the power supply interaction between the Nyhamna gas plant and the national grid.
Brazil gives clearance to Shell’s purchase of BG
Brazil gave the green light to oil major Royal Dutch Shell to buy smaller rival BG, advancing the $70 billion merger, the largest of the past decade, closer to completion in early 2016. Shell is set to become the largest foreign operator offshore Brazil after it buys BG, so the clearance from the country was a crucial step to complete the merger on time. Brazil's competition authority CADE said on Wednesday it had given preliminary approval to the transaction "without restrictions." BG said that if no appeals were lodged or referrals made in the next 15 days, CADE’s clearance would become final. A spokesman for Shell confirmed the approval and the 15-day appeals period.
Shell’s Brent Delta topside decommissioning plan approved by DECC
Shell has confirmed that its ambitious Brent Delta topside decommissioning programme has been approved by the UK Government.
Shell awards contracts for its $40bn Browse project
Shell has awarded the Technip Samsung Consortium two contracts for its $40billion natural gas project in Australia. Shell's Browse project covers the installation of three FLNG units to develop the Brecknock, Calliance and Torosa fields in the Browse Basin.
Oil giant Shell fined over North Sea diesel leak
Oil giant Shell was today fined over £6,000 after a diesel leak on board the same North Sea platform where two workers died 12 years ago.
Shell receives permission to develop giant Gulf of Mexico field
Royal Dutch Shell has been granted permission to develop the Appomattox deepwater oil and gas field in the Gulf of Mexico, set to be the energy giant's largest floating platform in the region. The Appomattox project, 80 miles off the coast of Louisiana, is expected to reach peak production of around 175,000 barrels of oil equivalent (boe) per day, Shell said in a statement on Wednesday.
US walrus protections hit Shell’s Arctic drilling plan
The Obama administration dealt a setback to Royal Dutch Shell's Arctic oil exploration plans on Tuesday, saying established walrus and polar bear protections prevent the company from drilling with two rigs simultaneously at close range, as it had planned. The U.S. Fish and Wildlife Service issued Shell a permit which emphasized that under 2013 federal wildlife protections, companies must maintain a 15-mile (24-km) buffer between two rigs drilling simultaneously. The rule is meant to protect populations of animals sensitive to sounds and activities of drilling. Walruses have been known to plunge off rocks into the sea during drilling, putting some at risk. The animals are already at risk from reduced habitat due to global warming.
Arctic oil rig departs Seattle-area port despite protest
U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on Tuesday so a drilling ship could head for the Arctic on behalf of Royal Dutch Shell. The Noble Discover is the second drilling ship Shell has sent to the area in recent days. The activists, who have staged frequent demonstrations during the past two months against Royal Dutch Shell's oil exploration in the Chukchi Sea off mainland Alaska, had taken to the waters just beyond the Port of Everett north of Seattle where the oil rig launched for sea.
Major milestone for North Sea Clair Ridge project
BP’s £4.5billion North Sea Clair Ridge project, which is expected to keep the UK producing oil beyond 2050, has taken a giant leap forward. Three huge topside modules have been installed on the “quarters and utilities” (QU) platform following their long journey from a shipyard in South Korea. They were safely lifted onto pre-installed jackets by the Heerema Thialf deepwater construction vessel.
Shell executives visit Tehran for projects if sanctions end
Royal Dutch Shell Plc executives have visited Tehran to discuss possible partnerships, the latest sign that the largest oil companies are serious about returning to Iran once a deal on the country’s nuclear program is done. The meeting with Iranian officials covered its outstanding debt to National Iranian Oil Co. and possible areas of business cooperation, the company said in an e-mailed statement Wednesday. Shell owed $2.16 billion as of the end of 2014 for oil it wasn’t able to pay Iran for because of sanctions, according to its annual report.
Shell’s Alistair Fraser tackles healthy workforce challenge
A number of business leaders will gather in Aberdeen today to discuss the challenges and importance of maintaining a healthy workforce in the current economic climate. A round table event is being held by RGU:Wellness, a unique occupational health service for workplace absence management, to address the increasing challenge of ensuring that employee health and wellbeing remains a strategic priority.
Shell, Japan firms may get stake in Gazprom’s Baltic LNG, report says
Russian gas company Gazprom may offer up to 49 percent in its Baltic LNG project to a strategic partner and the most likely candidates are Royal Dutch Shell or a consortium of Japanese firms, Russia's Kommersant newspaper said on Wednesday. The agreement may be signed this week during an economic forum in Russia's second city of St Petersburg, it reported, quoting sources in the gas industry.
Shell-BG $70 bln deal crosses key milestone with U.S. clearance
U.S. regulators have given the green light for Royal Dutch Shell's proposed $70 billion acquisition of British rival BG Group, the first clearance for the biggest deal in the energy sector in over a decade. The two companies said on Tuesday the United States Federal Trade Commission (FTC) had cleared the deal. The deal, which the companies aim to complete by early 2016, will require further regulatory clearances from all the countries BG operates in, including the European Union, China, Australia and Brazil.
Russia’s Gazprom says answers on Sakhakin-2 expansion to come in 2016
Russian gas company Gazprom, a leading shareholder in Russia's sole liquefied natural gas (LNG) plant, Sakhalin-2, hopes to be able to answer questions about the plant's expansion next year, deputy chief executive Alexander Medvedev said on Tuesday.
Shell gets permission to disturb marine life
The US has issued a permit which allows Shell to resume its oil exploration off Alaska’s Arctic coast. The permit, which approves Shell’s ability to disturb marine mammals, was granted in the wake of a Greenpeace protest targeting the company’s Polar Pioneer drilling rig. The National Oceanic and Atmospheric Administration signed off on a permit which allows noise from air guns, icebreaking, drilling and anchor handling. The move is in line with the Department of Interior’s earlier decision which approved Shell’s general plan for its oil exploration in the area.
Greenpeace claims Shell drilling rig blockade success in Seattle
Environmental campaign group Greenpeace says 13 of its activists have blocked Shell's Polar Pioneer drilling rig as it tries to leave Seattle for Arctic waters.
Shell to consider pulling out of Ukraine
Oil major Shell is said to be considering whether to pull the plug on its last exploration well in Ukraine. The move is being considered as the project has been on hold for almost a year, due to the conflict between pro-Russian separatists and Ukranian forces.
Shell, BP openly admit Iran interest on possible atomic deal
European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the country over its nuclear program. Leaders of Royal Dutch Shell Plc, BP Plc and Total SA all said Wednesday they were ready to return to the nation with the world’s second-largest natural-gas reserves and fourth-biggest oil cache, after similar comments by Italy’s Eni SpA last month. US oil companies, constrained by the history of American sanctions against Iran dating from the 1979 Islamic revolution, are more cautious in their statements on a return. The current curbs have prevented investment in Iran for a decade.
Shell estimates one million hours of offshore work saved from Brent Delta move
Shell’s decision to remove the topside of its Brent Delta platform in one has shaved off about a million hours of high-risk offshore work, a senior manager from the British-Dutch oil major said in Aberdeen yesterday. Shell said in February it would seek approval for the Pioneering Spirit, thought to be the largest ship ever built, to lift and remove the topside in one piece, shunning more traditional methods which involve cutting installations into smaller sections.