In January, Shell announced Andrew Smith’s promotion to lead the trading and supply arm and elevated him to the committee, signaling the unit’s increasing importance to the energy giant. Machteld de Haan is also due to join the committee as the leader of downstream, renewables and energy solutions.
Global LNG demand will increase by around 60% by 2040, driven by economic expansion in Asia, emissions reductions in heavy industry and transport, and the growing impact of AI, Shell has forecast in its LNG Outlook 2025.
The two-year, cost-reimbursable contract extension, centers on providing brownfield EPC services, as well as subsea and integrity management, at the Shell UK-operated St Fergus and Mossmorran onshore terminals and the Nelson, Gannet and Shearwater offshore assets.
The government of Egypt has signed deals with Shell and TotalEnergies for the delivery of 60 LNG cargoes at a cost of around USD 3 billion, Reuters reported on Friday.
Shell (SHEL.L), opens new tab will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country’s efforts to become a crude producer.
Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be confirmed for commercial development.”
A Shell-CNOOC joint venture has reached an FID on expanding a petrochemicals complex in the south of China, Shell said on Wednesday.
Global energy technology company SLB has secured a series of drilling contracts from Shell. SLB said in a media release that it will support Shell’s capital-efficient energy development across its deepwater and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, Mexico, and others.
Energy technology company SLB has been awarded a series of drilling contracts by Shell across deep and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago and the Gulf of Mexico, among other locations, SLB announced on Wednesday.
Shell has launched production from its Whale floating production facility in the US Gulf of Mexico, the company said on Thursday.
TechnipFMC has been awarded a substantial(1) contract by Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0® production systems for the Bonga North development in Nigeria