CNRL starts contractor race on Ninian decommissioning campaign
Contract race also started 60-well P&A campaign for Spirit Energy
Shell
Oil giants plan to bury massive amounts of CO2 in Southeast Asia
Just as they first ventured to do over a century ago, the world’s largest oil companies are staking claims far from home — this time to swallow, rather than spew, planet-warming industrial emissions.
Shell’s tax rebates near $750m for decommissioning giant Brent oilfield
Shell (LON: SHEL) has disclosed nearly $750m of tax rebates received from the UK Government for decommissioning its Brent oilfield in the North Sea.
Shell plans to divest 1,000 retail sites in shift to EV charging
Shell (LON: SHEL) plans to divest 500 retail sites annually over the next two years, responding to a growing demand for electric vehicle chargers.
UK North Sea league table sees shift in top producers
There’s been a raft of relegations and promotions in the last year for the league table of the top 15 production hubs in the UK North Sea.
Shell waters down 2030 emissions targets
Shell (LON: SHEL) has weakened its carbon emissions targets for the next decade, but said it still intends to become a net zero company by 2050.
Shell CEO Wael Sawan earned £7.9m in 2023
Shell’s (LON: SHEL) chief executive Wael Sawan earned just shy of £8 million from his work with the London-listed supermajor in 2023.
Shell to cut about 20% of jobs in deals team amid push for cost savings
Shell (LON: SHEL) will eliminate at least 20% of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs, according to people with knowledge of the matter.
Shell considers slowing the pace of its carbon emissions cuts in strategy update
Shell (LON: SHEL) has been considering slowing the pace of its carbon emissions cuts as it updates its energy-transition strategy, according to people familiar with the matter.
Worley secures work with Shell on Europe’s largest green hydrogen project
Shell has awarded a service contract to Australian engineering firm Worley for work on its green hydrogen project at the Port of Rotterdam, which is set to be Europe's largest.
Shell Pierce field due to restart after six-month outage
The Shell Pierce project in the UK North Sea is due to restart production later in March after a six-month outage.
Big Oil pay packets still push execs to boost fossil fuel production – report
A new report suggests Big Oil continues to link executive pay to increased fossil fuel production, even if this conflicts with energy transition targets and climate policies.
LNG demand will surge 50% in next decade, Woodside CEO says
Woodside Energy Group Ltd. (ASX:WDS), Australia’s top liquefied natural gas exporter, expects consumption of the fuel to rise 50% over the next decade, pushing the supplier to consider further expansions.
Shell to begin demolition of Aberdeen HQ as bosses promise ‘positive vision’ for site
The distinctive Altens building has been a prominent part of the city skyline for decades.
‘Buyer’s market’: Several North Sea ‘deals to watch’ as general election looms
There are several “deals to watch” in the UK North Sea in 2024 as a general election looms and companies reshuffle their positions.
Shell’s onshore Nigeria exit faces challenges, but suggests a way forward
Onshore operations in Nigeria have long been a challenge for operators, with a laundry list of problems including political challenges, sabotage, bunkering and foreign exchange.
Valaris lands UK contracts with Shell, Harbour, TotalEnergies and Ithaca
Valaris has revealed a number of contracts in UK waters in its latest fleet status report as it boasts a $3.9 billion backlog.
Europe coming to terms with LNG, Shell says, but still short
“Two or three years ago all you would hear about [from policymakers] was decarbonisation. Now, I think there’s much more balanced conversation around security of supply, affordability and decarbonisation,” Hill said.
Shell seeks to reduce its stake in Dutch offshore wind farm
Shell Plc (LON:SHEL) is looking to sell part of its stake in a wind farm it built off the coast of the Netherlands as the company aims to drive more value for shareholders.
Shell signs rig contract with Valaris for Selene and Pensacola wells
Shell has confirmed a drilling contract for the Valaris 123 jackup rig for the Selene exploration well and Pensacola appraisal well.
Shell joins wave power subsea project off Orkney
Energy giant Shell has become the latest major firm to join an innovative wave power subsea project off Orkney.
Norway’s carbon capture scheme boosted by Germany’s change of heart
A Norwegian project to bury carbon under the seas is getting backing from Germany
Shell maintains pace of buybacks as Q4 profit beats estimates
Shell Plc (LON:SHEL) maintained the pace of its share buybacks after a strong performance from its gas traders offset the impact of lower commodity prices in Q4.
Shell’s half billion barrels in the Orange Basin
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”
Shell’s Victory move highlights ‘clear tax incentive’ from EPL investment allowance
Tax incentives associated with the Energy Profits Levy may have encouraged Shell to move its Victory plans forward.