Kazakhstan’s arbitration claims against a group of international oil majors that developed the Kashagan field escalated above $160 billion after the country alleged some deals were tainted by corruption, according to people familiar with the matter.
Environmental campaign group Greenpeace UK has raised over £1 million from supporters in response to a lawsuit from North Sea operator Shell (LON:SHEL).
Wood (LON: WG) has been awarded pre-front-end engineering and design (pre-FEED) work on Oman's Blue Horizons hydrogen project by the UK supermajor Shell (LON: SHEL).
Reports have surfaced that Shell is looking to sell off its ScotWind leases after spending more than any other firm in the offshore wind leasing round.
Shell (LON: SHEL) plans to sell leases it won to develop floating wind farms off the coast of Scotland, as the oil major continues to roll back a once-ambitious expansion into renewable power.
The Scottish government has announced £2 million in funding for the Acorn carbon capture and storage (CCS) project centred on the St Fergus gas terminal.
The rumour mill has kicked into overdrive amid discussion that Repsol is considering the acquisition of NEO Energy, even while politics has overshadowed the energy sector. While some companies are moving away from the North Sea, others are choosing to stick it out, Ryan explains, on the basis that it can’t get any worse.
Aberdeen-based engineering firm Wood has secured a contract with Shell for work on the Prelude floating liquified natural gas (FLNG) facility in Western Australia.
Shell Plc (LON:SHEL) expects as much as $2 billion of impairments in its second-quarter earnings related to a delayed biofuels plant under construction in the Netherlands and its chemicals facility in Singapore.
North Sea operator Orcadian Energy (AIM:ORCA) has announced an agreement for a further extension to its $1.4 million loan repayment to a Shell subsidiary.
After a turbulent journey from China and more than a year in Norway, Shell's Penguins FPSO has now reached its position at its namesake field east of Shetland.
A senior executive at Shell's aircraft division has suggested the H225 Super Puma helicopter could return to the operator's list of approved aircraft later this year.
Independent energy producer Viaro Energy is reportedly nearing a deal to buy Shell and ExxonMobil’s jointly-owned gas fields in the southern North Sea.
Shell (LON: SHEL) is preparing to cut staff from its offshore wind business as Chief Executive Officer Wael Sawan moves the company away from the capital-intensive renewable energy sector.