Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
A Greenpeace activist risked being “dragged under” the Shell (LON: SHEL) Penguins FPSO when they fell in the water during a protest this year, a legal document has revealed.
Shell (LON: SHEL) has threatened Greenpeace with a multi-million-dollar lawsuit over a protest held on one of its UK North Sea assets this year.
As such, the crude is a good fit for major buyers in Europe, NNPC said, and commands a premium to Brent. The crude has an API of 29 degrees.
Shell expects its Penguins FPSO to arrive in the UK North Sea in 2024 with start-up expected the same year, a spokesperson told Energy Voice.
The Athena team has been involved in the discovery of more than 10 billion barrels in the North Sea and West Africa.
Small and medium-sized enterprises, from two to 149 employees, are invited to apply.
Shell’s chief executive has said his firm will not “pretend to lead” on areas of the energy transition that it does not already have a foothold in.
Shell (LON: SHEL) expects to receive approval for its plans to decommission the legs of the Brent oilfield in 2024, a spokesperson has told Energy Voice.
Shell reported $11.2 billion in pre-tax profits for the third quarter, on the back of higher oil prices and refining margins - a figure level with the same period last year and more than double that of Q2 2023.
The UK’s oil and gas regulator is set to face a legal hearing over the disclosure of key documents on the decommissioning of Shell’s Brent oil field in the North Sea.
Shell is set to cull hundreds of jobs from its low-carbon business next year, amid a renewed focus on profitability from CEO Wael Sawan.
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
“As political and policy volatility becomes a feature of the operating landscape, even private companies with a high risk appetite could be facing binding constraints when seeking to invest in Vaca Muerta and offshore plays,” the analyst said.
Shell’s recent crossover with the popular video game Fortnite has sparked controversy around the advertisement of hydrocarbons to children.
Shell agreed to buy liquefied natural gas from Qatar for 27 years to the Netherlands, marking the Gulf nation’s second major contract to supply fossil fuel to Europe beyond 2050.
Shell Plc (LON: SHEL) chief executive officer Wael Sawan told the company’s staff that he “believes in urgent climate action,” despite shifting focus toward its core oil and gas businesses.
Shell shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors.
The union is set to ballot 140 Kaefer contractors at Shell's Mossmorran gas plant in Cowdenbeath as part of a pay dispute.
“I hope this marks the beginning of Sarawak’s very own venture into oil and gas production – by Sarawak, for Sarawak,” the premier said. He called for the companies to rename the field as the “Grand New Lady of Sarawak”.
Shell reduced the scope of the contract “for cause” in March this year, alleging breaches of contract by Sapura Offshore.
Shell’s UK arm has acquired two fluid manufacturing brands in a bid to expand its offering to the renewable electricity, battery and electric vehicle sectors.
Shell (LON: SHEL) said its earnings from gas trading rebounded in the third quarter from the dip seen in the prior period.
Opportunities for M&A in the North Sea have opened up through a series of deals, an asset exit and a firm entering administration.
“I’ll be unequivocal here, we are fundamentally leaning in to develop the energy system of the future and we will do it profitably.”