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.
DNO ASA, the Norwegian oil and gas operator, today announced that it has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell plc effective 1 January 2026 and secured related offtake financing facilities for up to USD 410 million.
Valaris has secured a multi-year contract from Shell for the drillship VALARIS DS-8 for operations offshore Brazil, the company said on Wednesday.
Shell is preparing to launch a new drilling campaign in Petroleum Exploration Licence 39 (PEL39) offshore Namibia, the company’s country chair in Namibia, Eduardo Rodriguez, said in a LinkedIn post on Thursday.
British oil and gas giant Shell said yesterday that it was ending its participation in two offshore wind projects in the North Sea, part of its shift away from alternative energy to focus on its fossil fuels business.