Shell Energy North America (SENA) has agreed to acquire 169 MW of natural gas-fired generation capacity in Pennsylvania while selling its interests in RISEC Holdings LLC to Constellation Energy Generation for $715 million. SENA will acquire 100% of Hunlock Creek Generating LLC, which owns two gas-fired power facilities in Pennsylvania: a 125-MW, two-unit combined-cycle plant and a 44-MW simple-cycle peaking plant. The acquisition […]
The Government of Ghana, the Ghana National Petroleum Corporation (GNPC) and GNPC Explorco have signed a non-binding memorandum of understanding with Shell and Chevron. The MoU covers the South Deepwater Tano Cape Three Points block offshore Ghana’s Western Region. As reported by Reuters, the agreement was signed in Accra on September 1, 2026, at the […]
BP PLC has signed an agreement with Shell PLC to sell part of its ownership in the Tupinambá exploration block in Brazil’s offshore Santos Basin and five leases containing the Conifer exploration prospect on the United States side of the Gulf of America.
Shell will acquire stakes in two bp-operated exploration opportunities offshore Brazil and in the Gulf of America, expanding collaboration between the majors ahead of planned exploration drilling. Under the agreements, Shell will acquire a 50% interest in the Tupinambá exploration block in Brazil’s offshore Santos basin and a 30% interest in five leases containing the Conifer exploration prospect in the deepwater […]
Oil majors Shell and Chevron have signed a non-binding agreement for the acquisition of production rights over Ghana’s South Deepwater Tano Cape Three Points oil and gas block, Ghana’s energy minister said. • The memorandum of understanding with Ghana National Petroleum Corporation, signed on Tuesday, comes as the West African country looks to encourage investment […]
Shell has received a number of bids for parts of its US chemicals business, including from ExxonMobil, LyondellBasell, private equity firm Apollo Global Management and the chemicals arm of Kuwait Petroleum Corporation, according to the Financial Times.
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.