Adura, an incorporated joint venture (IJV) between the UK-headquartered Shell and Norway’s Equinor, has confirmed the end of a public consultation period on the development of an oil and gas field in the North Sea. This project on the UK Continental Shelf (UKCS) is now awaiting the UK government’s final call. Adura has welcomed the conclusion of […]
Shell reported second-quarter adjusted earnings of $9.8 billion, up from $6.9 billion in the first quarter, as stronger upstream performance, higher realized oil and gas prices and record production in Brazil offset operational disruptions in the Middle East. The company generated $21.4 billion in cash flow from operations (CFFO) during the quarter, supported by higher commodity prices […]
Libya’s National Oil Corporation (NOC) and Shell are developing a comprehensive strategy to improve the country’s gas sector and unlock greater value from its natural gas resources.
ARC Resources shareholders have overwhelmingly approved the company’s previously announced acquisition by Shell, moving the transaction one step closer to completion as the companies continue securing the remaining regulatory approvals.
Shell has struck a deal to sell a 50% stake in the Na Kika oil platform and related assets to Talos Energy and Ridgewood Energy, with the price tag at $1.7 billion, the supermajor said. According to Shell’s partner in Na Kika, BP, the deepwater platform off the Louisiana coast is one of the most prolific production hubs […]
Shell has agreed to sell its interests in the Na Kika platform and Coulomb field in the Gulf of America/Mexico to subsidiaries of Talos Energy and Ridgewood Energy in a transaction valued at $1.7 billion. The deal includes Shell’s 50% non-operated working interest in the Na Kika platform and associated fields, along with its 100%-owned Coulomb subsea tieback. The transaction is expected to […]
Shell Plc expects global liquefied natural gas flows to be little changed this year—after more than a decade of growth—if shipping through the Strait of Hormuz returns to normal this summer. However, under an alternative scenario, published in Shell’s LNG Outlook 2026 released on Tuesday, LNG supply could see a rare annual contraction if Hormuz […]
Equinor and partners Petoro, Shell, TotalEnergies and ConocoPhillips have approved an investment of approximately USD 410 million in a new subsea development to increase gas production from the Troll field in the North Sea, Equinor announced on Friday. The Troll West Increased gas recovery North (TWIN) project is expected to add approximately 11 bcm (388.5 bcf) of gas production […]
Four of the world’s biggest oil companies are ready to bid for Ghana blocks but a stalled legal reform process is holding up their commitment
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.