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.
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