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
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.