Diamond Offshore rig returns to work with Shell UK
A Diamond Offshore (NYSE: DO) drilling rig has returned to work with Shell in the UK North Sea following repairs.
Shell
Shell invites local business to new Aberdeen office launch
Energy supermajor Shell (LON:SHEL) has cut the ribbon on its new offices in the heart of Aberdeen, holding a special ceremony that welcomed local businesses.
North Sea braced for strikes as ballots close for 1,000 workers
The North Sea is bracing for a wave of strikes as ballots close today for more than 1,000 offshore workers.
Shell takes FID on Gulf of Mexico’s Dover tieback
Shell (LON:SHEL) has announced it will move forward with Dover, a new subsea tieback to its Appomattox hub in the US Gulf of Mexico.
Shell completes sale of stakes in Malaysia’s Baram Delta
Shell has completed the sale of a pair of non-operated stakes in Malaysia’s Baram Delta, concluding a process initiated two years ago.
UK pension funds may vote against Shell, BP directors, FT says
The UK’s Universities Superannuation Scheme and Borders to Coast plan to vote against the renewal of some directors at Shell and BP at their annual meetings if the companies don’t improve their commitments to carbon emission reductions, the Financial Times reported, citing representatives from pension funds.
Big Oil’s divergent strategies leave European majors trading at large discounts
Values – according to the rather twee maxim - are like lighthouses; they give direction, meaning and purpose.
Further Sparrows strikes set to impact dozens of North Sea platforms
Around 200 offshore workers employed by contactor Sparrows Group are set to strike in an escalating row over pay, terms and conditions.
Calls for windfall tax on CEO pay after BP boss Looney pocketed £10m in 2022
Campaigners are calling for a windfall tax on the pay of chief executive after two oil bosses pocketed almost £20 million in 2022.
FGE warns of reduced Bonny loading on pipeline explosion
The number of spills fell in 2022, in part because of the shut down of exports through the Trans Niger Pipeline (TNP). The TNP runs to the Bonny terminal.
Ex-Shell CEO van Beurden netted £9.7m in 2022
Ben van Beurden, until recently the chief executive of Shell (LON: SHEL), was paid £9.7 million by the oil giant last year.
$5bn worth of oil and gas assets up for sale in Southeast Asia
Around three billion barrels oil equivalent (boe) of resources,worth a total $5 billion are on the market, in Southeast Asia.
Buy now, pay later: Supermajors set to continue record share repurchases
A year of high commodity prices and record profits for oil and gas majors has many questioning what to do with all their cash - with increasing amounts returned to investors via buybacks.
Shell scores third find off Namibia
The Deepsea Bollsta rig carried out the Jonker work. Shell said the semi-submersible would remain on PEL 39 to drill further exploration and appraisal wells.
‘Out of touch’: Activists hit out at Shell’s oversight role for North Sea transition
Activists have hit out at a Shell boss being given joint oversight with the regulator for the North Sea industry energy transition.
Shell would ‘think twice’ about investment in the UK
Shell (LON: SHEL) CEO Wael Sawan has warned that the US is more attractive for investment than the firm’s home base of the UK.
UK well-slot: Trio of wells in action in the North Sea
As of 24 February, Westwood Global Energy reports that there are two exploration wells, with one each in the NNS and SNS, and one appraisal well active in the CNS. Since the previous report, one exploration well has completed at Orlov.
Shell CEO says cutting oil and gas production is not healthy
Shell’s (LON: SHEL) new boss said cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy security.
Shell explored leaving Europe for US headquarters – report
Shell (LON: SHEL) considered moving its headquarters out of Europe and into the US, in a major blow to the City of London.
Pictures: Shell’s Penguins takes to the water in Haugesund
After a turbulent journey from China, Shell’s (LON: SHEL) first new manned vessel for the UK in three decades has hit the water in Haugesund, Norway.
Shell seeks ‘problem solver in chief’
Sawan chose to cut the size of the executive committee in January, from nine members to seven.
Shell extends Valaris rig for bargain price
Shell’s deepwater unit is using the rig for infill drilling around its Bonga FPSO.
Shell signs up for more Northwest African exploration
While work in C2 is just beginning, the MPME said Shell was planning to drill another licence in the coastal area before the end of 2023.
BP is the UK’s most Googled stock beating out Rolls Royce
A recent study has found that the UK’s most googled stock is the energy major BP (LON: BP), the firm was searched more than Rolls Royce (LON: RR).
Malaysia attracts more oil and gas investment as Petronas hosts stellar exploration round
Malaysia’s 2022 oil and gas bid round was a remarkable success, attracting fresh investment, new upstream explorers, as well as new ideas to the mix in Southeast Asia’s most successful market. Indeed, other Southeast Asian countries should take note as Malaysia also launched its 2023 round that will see more investors queuing up.