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
Nigeria approved a $1.3 billion deal that would see a group of local companies buy Shell Plc’s onshore assets in Africa’s biggest crude producer.
Shell Nigeria Exploration and Production Co. Ltd. (SNEPCo) has reached a final investment decision (FID) on the Bonga North development. The company said in a media release this deepwater project off the coast of Nigeria will be a subsea tie-back to the Shell-operated Bonga floating storage and offloading (FPSO) facility.
The government holds majority stakes in the country’s three operational LNG production facilities, alongside minority investors including international oil companies and large gas buyers. However, only companies that can commit gas supplies to the plant would be eligible to take an equity stake in Oman’s fourth LNG train.
The deal will see Qatar supply 3 million tonnes per year (tpy) of LNG, commencing in January. The duration was not specified.
Shell has said before it was investing some “10 to 15 billion dollars between 2023-25 in low-carbon energy solutions,” representing 23 percent of its total capital expenditure.
During court hearings in April 2024 in The Hague, Shell’s lawyer Daan Lunsingh Scheurleer said that the case had “no legal basis” and “obstructs the role that Shell can and wants to play in the energy transition.
As the clock keeps ticking away, the legal battle that may decide the fate of two of the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) is fast approaching with less than three weeks left until the set date. The operators of these projects, Britain’s Shell and Norway’s Equinor, have a court fight on their hands, which is further complicated by two factors: the government’s decision to drop their legal defense of the two North Sea developments and a recent court ruling, which brings emissions created when the oil is burned into play.