Upstream M&A in Southeast Asia: will the oil and gas majors divest in 2023?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
Shell
Watch: Protestors board North Sea-bound Shell Penguins FPSO
Greenpeace protestors have boarded a Shell (LON: SHEL) FPSO – destined for the North Sea - in the Atlantic Ocean, just north of the Canary Islands.
Norway’s wealth fund cuts big oil holdings in profit taking move
Norway’s $1.3 trillion sovereign wealth fund took profit on the world’s biggest oil and gas companies after a run up in energy prices in 2022.
Brunei set to expand long-term LNG supply to Japan
Brunei LNG will start supplying liquefied natural gas (LNG) to Japan Petroleum Exploration Co. (JAPEX) from April as the company seeks to stabilise finances by boosting shipments to its largest export destination, reported Nikkei Asia.
Shell profits expected to dip from recent highs after gas price drop
New chief executive Wael Sawan is unlikely to be introduced to shareholders alongside another set of record profits, but Shell (LON: SHEL) will have continued to benefit from massively high energy prices in the last months of 2022.
Shell to combine business units as Sawan shakes up top team
Oil and gas giant Shell (LON: SHEL) has announced plans to shrink its executive committee in a bid to simplify “how the organisation works”.
Shell, Total appraisals under way off Namibia
Shell spudded the Jonker well in December. “I’m not saying anything apart from to say it is going well, it is going very well,” Shino said to applause.
Shell plans strategic review of energy supply business which employs 2,000 in UK
Oil giant Shell has raised questions about the future of its energy supply business which employs thousands of people in the UK as companies continue to struggle in a tough market.
Big Oil faces headwinds after record $199 billion profit haul
Exxon Mobil, Chevron, Shell, TotalEnergies and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023.
League table: Which oil and gas firms produce most emissions?
Which integrated gas companies produce the most emissions?
Delay rumbles on for BP Aberdeen office move
As Shell gets set to move into its new office in Aberdeen, delays are afoot for a similar move for Big Oil rival BP (LON: BP).
Dozen upcoming North Sea projects to deliver ‘golden opportunity’
A dozen key projects in the North Sea will deliver a “golden opportunity” for the UK supply chain in the coming years, according to new research.
Shell to take over city centre car park spaces following £1.2million refurbishment
An Aberdeen city centre car park is in line for a £1.2million refurbishment as part of a deal with energy giant Shell.
Esgian forecasting ‘offshore wind mega-mergers’ as Big Oil splashes cash
Oil and gas companies are expected to make their “deep pockets” count this year by buying up offshore wind companies.
The long arm of the law: North Sea assets as targets for protests
Located dozens of miles out to sea, it would stand to reason that oil and gas assets are unlikely targets for protestors – for the sake of convenience if nothing else.
Transgender offshore worker speaks out on government ‘weaponising’ gender reform bill
A transgender offshore worker has spoken out against the UK Government for “smoke and mirror” tactics in blocking the Scottish gender recognition reform legislation.
Equinor and partners find new gas in Norway
Equinor, alongside partners Wintershall Dea and Petoro, have made a commercial gas discovery of up to 69.2 million barrels of oil equivalent (BOE) in the Norwegian North Sea.
Shell, ExxonMobil, sign CCS study deal with CNOOC in China
Shell (LON:SHEL) has signed a Joint Study Agreement with CNOOC, Guangdong Provincial Development and Reform Commission, and ExxonMobil (NYSE:XOM) for the Daya Bay carbon capture and storage (CCS) hub project in China.
Shell’s troubled Prelude LNG project restarts again in Australia
The first liquefied natural gas (LNG) tanker to berth at Shell's (LON:SHEL) Prelude floating LNG (FLNG) project off Western Australia since it was shut down after a fire has started loading, Refinitiv data shows.
Shell signs up Stena Forth for Egypt drilling
Shell has contracted the Stena Forth for three wells offshore Egypt, following the rig’s recent success at the Nargis-1 exploration well for Chevron.
Inpex targets ramping up LNG output in tight market
Inpex, Japan's biggest oil and natural gas explorer, plans to accelerate its expansion of production and sales of liquefied natural gas (LNG) as it expects the LNG market will remain tight in the mid-term.
CCS: the 1,000-year challenge
Screening legacy wells can be more important than 3D seismic when picking storage areas, Elaine Campbell said. “They provide valuable data but they’re also likely to be the highest risk to containment,” the Storegga official said.
Centrica picks ex-Shell finance head as new group CFO
Centrica (LON: CNA) has announced the appointment of its new chief financial officer, alongside a trading update suggesting earnings will exceed the top end of analyst estimates.
Shell gas find ‘fantastic news’ for southern North Sea exploration
A gas find from Shell (LON: SHEL) and Deltic Energy (LON: DELT) could prove very positive for other players with exploration targets in the Southern North Sea.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.