Supermajor Shell reports it now has 100% working interest in the Kaikias field in the U.S. Gulf of Mexico after acquiring a 20% stake from Mitsui's MOEX North America.The field Kaikias, located in the prolific Mars-Ursa basin, approximately 130 miles from the Louisiana coast, was discovered by Shell in 2014. Production began in May 2018. The deepwater project uses a subsea tieback to the nearby Ursa production hub…
Nearly a third of Shell's profit in the fourth quarter of 2023 came from the $2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources close to the company told Reuters.Shell did…
A group of 27 investors that own around 5% of Shell's shares has co-filed an independent resolution urging the energy company to set tighter climate targets, the biggest such drive to date.The resolution, led by activist shareholder Follow This…
Shell is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters.The British oil and gas major filed the claim in London's High Court…
Sapura Energy said Monday that Brunei Shell Petroleum had issued notices of arbitration to its subsidiaries Sapura Fabrication and Sapura Offshore.Brunei Shell Petroleum is seeking arbitration against Sapura Fabrication in relation to the Salman development…
Shell CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments in renewable energy, sparking an internal debate.The open letter…
Wood, an energy industry consulting and engineering company, said Wednesday it had signed a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects.Bringing specialist consulting, engineering…
Offshore drilling firm Noble has secured a contract with Shell for the 7th generation drillship Noble Voyager.Under the contract with Shell, the Noble Voyager drillship will drill one deepwater exploration well offshore Mauritania. The contract…
Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts' forecasts, as strong earnings from fuel trading offset cooling oil and gas prices. Shell kept its dividend unchanged at $0.2875 per share and also kept the…
Cecile Wake will succeed Tony Nunan as Chair of Shell Australia effective May 22, 2023, Shell Australia said Thursday. Nunan, who led the Australian business for the past three years, will take up the newly created role of Chief of Staff and Corporate Relations…
Oil major Shell has sanctioned the development of the Dover offshore oil field in the Gulf of Mexico.Shell plans to develop the Dover project as a subsea tieback to the Shell-operated Appomattox offshore production platform, with two production wells produced through a 17…
Shell has completed the sale of its stake in the Malampaya offshore gas field in the Philippines to Malampaya Energy XP Pte Ltd (MEXP), a subsidiary of Prime Infrastructure Capital Inc (Prime Infra). Shell Petroleum signed an agreement to sell interest in Malampaya…
Shell has pulled out of two offshore wind projects in the west of Ireland operated by Simply Blue Group a year after the British company acquired stakes in the developments. Shell and Simply Blue said in a joint statement on Saturday that Shell's…
Shell has made the final investment decision for Holland Hydrogen I, which, when completed in 2025, will be Europe's largest renewable hydrogen plant. The plant will be powered by electricity produced from an offshore wind farm in the Dutch section of the North Sea…
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday.The post-tax impairments…
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