Shelf Drilling Ltd has announced new contracts for two jack-up rigs in Nigeria. The planned start-up of operations is October 2024, and the contract also includes an option for up to two years at rates to be mutually agreed.
Shell Pipeline Company has reached a FID for the Rome Pipeline project linking Shell’s Green Canyon Block 19 (GC-19) offshore pipeline hub with the Fourchon Junction facility on the Louisiana Gulf Coast, Shell announced on Thursday
SHELL is slashing around 20% of jobs in its integrated gas and upstream business as part of restructuring aimed at scaling back oil and gas production.
Shell plans to scale back its oil and gas exploration and development workforce by 20 per cent as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in renewables and low-carbon businesses, company sources said.
It was a week when both oil and natural gas prices recorded small losses.
The headlines revolved around energy biggie Shell plc’s SHEL investment in an Australian gas project and equipment supplier SLB’s SLB expansion in Russia. Developments associated with ExxonMobil XOM, Marathon Oil MRO and NextDecade Corporation NEXT also grabbed attention.
Shell has signed a long-term engineering and procurement framework agreement with L&T Technology Services (LTTS), a subsidiary of Indian multinational EPC giant Larsen & Toubro, LTTS announced on Tuesday.
With oil, gas, and liquefied natural gas (LNG) still running the global energy show as the crown jewels within the ebbs and flows in the worldwide energy demand, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024. BP, Shell, Eni, ExxonMobil, and Conoco Phillips are among the lucky ones, which beat analysts’ expectations. However, TotalEnergies and Chevron got the shorter end of the stick with their financial performance falling below forecasts.
The decision comes at a time when industry executives have been pushing for government measures to bring back investments put off by a slew of state interventions to curb energy prices and boost domestic supply.
Shell UK Ltd. spudded an exploration well in the P2437 license area, UK Southern North Sea.
Tenaz Energy Corp. has entered into an agreement with Nederlandse Aardolie Maatschappij B.V. (“NAM”), a 50/50 joint venture between Shell and ExxonMobil, to acquire all of the issued and outstanding shares of NAM Offshore B.V. (“NOBV”) for $246 million.