Royal Dutch Shell Plc may boost the internal carbon emissions price it uses for planning new projects if governments tighten climate rules, according to an executive in its emissions unit.
Europe’s biggest oil company budgets for future capital investment on the assumption it will pay $40 a metric ton for carbon emissions, according to Angus Gillespie, vice president of CO2. That’s almost six times the current price for pollution rights in the European Union’s carbon market, the world’s biggest.
Shell UK has chartered a new Class A tanker from standby vessel operator Atlantic Offshore Rescue to support operations in the Gannet, Annasuria and the Dana Petroleum Triton Asset in the central North Sea.
Aberdeen-based Craig International Supplies – led by chairman Douglas Craig – has secured new contracts with Shell which will double the turnover of its business.
The contracts will increase the international reach and buying power of the procurement division of global energy services and shipping firm, Craig Group.
Industry heavyweight Shell has joined a research project aimed at investigating mechanisms for creating a CO2 driven enhanced oil recovery (CO2-EOR) industry in the North Sea.
President Vladimir Putin on Friday pledged to support Royal Dutch Shell's RDSa.L Russia expansion plans at a meeting with the company's chief executive Ben van Beurden.
Van Beurden said during the meeting at Putin's residence that his company is keen to expand its business in Russia and that it has agreed with the Kremlin-owned Gazprom GAZP.MM to expand their liquefied natural gas plant.
Van Beurdan said: "We also know that this is going to be a project that will need strong support to succeed. So one of my purposes of meeting with you, Mr. President, is to also secure support for the way forward on this project."
Four months after it took its first dip in the open waters, the world’s first floating liquid natural gas (FLNG) facility has reached yet another milestone.
The new boss of oil giant Shell admits the company's North Sea operations last year were 'disappointing' as he targeted improvement from its production.
So, Shell has put a further bunch of UK North Sea assets on the market. However, we should not be surprised at this. Anasuria, Nelson and Sean are regarded as mature and immaterial.
The landmark decommissioning of Shell’s Brent field has moved a step closer after the oil giant appointed a firm to dismantle the iconic North Sea structures.
