Shell has become the latest energy giant to report a jump in profits following the sharp increase in oil prices since the beginning of the Iran war.
Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources in a $16.4-billion deal that will add roughly 370,000 barrels of oil equivalent per day to production and strengthen the supermajor’s position in one of the continent’s most strategic gas corridors. The acquisition gives Shell […]
Chevron and Shell are reportedly close to sealing deals for oil production in Venezuela following the United States’ takeover of the country’s energy industry, Reuters wrote, citing unnamed sources. Both companies had already secured preliminary deals with the Venezuelan authorities.
Investors confidence in Nigeria’s indigenous oil operators has received a strong boost following the endorsement of Petralon Energy by Shell Western Supply and Trading. The international
trading arm expressed faith in Petralon’s ability to acquire, develop, finance, and operate oil and gas assets efficiently, signaling growing market trust in local operators
Shell’s CEO Wael Sawan told CNBC the company is actively considering multibillion-dollar offshore natural gas investments in Venezuela that could start production in the next few years, pending regulatory approvals. The comments mark one of the clearest public signals yet that Shell is weighing a major push into Venezuelan energy assets after years of sanctions and uncertainty.
Shell subsidiary ShellBrasil Petróleo has entered into an agreement with the Kuwait Foreign Petroleum Exploration Company (KUFPEC) to divest a 20% interest in the Orca Project.
The global LNG market is expanding by 3% every year, growing at a faster pace than the overall natural gas market, Wael Sawan, chief executive officer of the world’s top LNG trader, Shell, said at an LNG conference in Doha, Qatar.
Shell may be considering leaving the Vaca Muerta shale play in Argentina, Reuters has reported, citing unnamed sources. Both a partial asset sale and a full exit are on the table, according to the report, with the deal or deals potentially fetching billions. The Vaca Muerta play is considered the second-largest shale oil and gas formation […]
Drilling operations at the Falcão-1 well in Block 10, offshore São Tomé and Príncipe, have been completed safely, the National Petroleum Agency of São Tomé and Príncipe and the Shell/Petrobras Consortium have announced. Although no commercially viable hydrocarbons were discovered in the well, the partners said the operation generated valuable data on the basin’s key […]
Shell has awarded Vallourec a major contract to supply OCTG products and services for Brazil’s Orca offshore development, Vallourec said on Monday.