10000 results found for 'Shell'

10000 results found for 'Shell'
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  • Shell sells Gabon onshore assets

    24 March 2017

    The Hague-based LNG giant Shell reached an agreement with Assala Energy Holdings, a Carlyle Group company, to sell its Gabon onshore interests for US$587 million.

  • Shell cuts staff in Norway

    24 April 2015

    Shell has announced staff reductions in Norway. According to Shell, this will include 120 permanent positions and 140 contractors and consultants positions.  In the spring of 2014, A/S Norske Shell started a systematic effort to strengthen its competitiveness and adapt to future activities through cost reductions and organizational changes, Shell said. Shell’s Norwegian producing fields are […]

  • Shell sells oilfields offshore Malaysia

    12 October 2016
    Business & Finance

    Oil and gas giant Shell is divesting several of its offshore fields in Malaysia. The company has signed a deal with Hibiscus Petroleum to sell its entire fifty percent participating interests in the 2011 North Sabah Enhanced Oil Recovery production sharing contract (“PSC”). Hibiscus will buy Shell’s interests in four producing oil fields and associated infrastructure for $25 million. […]

  • Shell Sells Gassled Stake (Norway)

    1 September 2011

    A/S Norske Shell has entered into a binding agreement to sell its interests in natural gas transport infrastructure joint venture Gassled to Infragas Norge AS for NOK 3,925 million (USD 730 million at current exchange rate). Gassled is Norway’s integrated gas transportation system and processing facilities, which transports most of the gas production on the […]

  • Shell Completes Woodside Sell-Down

    18 June 2014

    Woodside of Australia confirmed that it has been advised by Shell Australia that the company has sold 78.3 million shares (representing 9.5% of issued share capital) via an underwritten institutional sell-down at a price of A$41.35 per share. Shell’s holding in Woodside is now 13.6% of Woodside’s issued capital. In conjunction with this sell-down Woodside […]

  • Shell Buys EOLFI

    5 November 2019
    Business & Finance

    Shell has signed an agreement to acquire French floating offshore wind developer EOLFI. The acquisition, subject to regulatory and ministerial approvals, is expected to be completed in December, after which EOLFI will be a wholly-owned subsidiary of Shell and will be fully integrated. Shell said it sees the acquisition as an opportunity to leverage its […]

  • Appomattox Start for Shell

    23 May 2019
    Business & Finance, Equipment, Operations & Maintenance

    Shell has started production at Appomattox floating production system months ahead of schedule. Appomattox floating production system is located approximately 129 kilometres south east of Louisiana in approximately 2,255 metres of water. Shell’s largest floating platform in the Gulf of Mexico currently has an expected production of 175,000 barrels of oil equivalent per day (boe/d), […]

  • Shell boosts dividend and buybacks as profit swells

    3 February 2022
    Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Transition

    Energy major Shell increased its dividend and share buybacks following a jump in its quarterly profit driven by higher oil and gas prices.

  • OKEA assumes Draugen operatorship as Shell exits

    30 November 2018

    Norwegian oil and gas company OKEA has completed the acquisition of a package of Shell’s interests on the NCS.

  • Shell, Showa Shell Sekiyu to Donate to Japanese Relief Efforts

    22 March 2011

      Showa Shell Sekiyu K.K. and Shell said today they would make a combined donation of US $2 million to the Japanese Red Cross Society to provide disaster relief assistance in response to the catastrophic earthquake and tsunami in Japan. The Shell Group, in addition to this, has implemented a worldwide employee donation program to […]

  • Shell sells $5B worth of Woodside shares

    17 June 2014
    Business & Finance

    Royal Dutch Shell plc today announced the sale of a total of approximately 156.5 million shares in Woodside Petroleum Limited (“Woodside”) representing a total estimated value to Shell of around US$5.0 billion on an after tax basis. The sale, which represents 19.0% of Woodside’s issued share capital, is through an underwritten sell-down to equity market […]

  • No Portrush oil for Shell

    11 September 2015

    Shell has completed drilling at its Portrush exploration well offshore Norway, Faroe Petroleum, a partner in the block has informed. No oil was found. According to Faroe Petroleum, the objective section in the Upper Jurassic reservoir rocks (the Rogn and Melke formations) was encountered with a thickness of about 330 metres, and whilst 134 metres was […]

  • Shell sells assets in Denmark for $1.9 billion

    17 October 2018

    The Hague-based LNG giant Shell is selling its upstream interests in Denmark for $1.9 billion. Shell Overseas Holdings Limited, a unit of Shell, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco) to sell its shares in Shell Olie-og Gasudvinding Danmark (SOGU). SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating […]

  • Shell sells U.S. shale gas assets

    5 May 2020
    Business & Finance, Business Developments & Projects

    The Hague-based LNG giant Shell has reached an agreement with U.S. firm National Fuel Gas Company to sell its Appalachia shale gas position for $541 million. Shell will sell the assets via its unit SWEPI. The deal includes about 350 producing Marcellus and Utica wells across about 450,000 net leasehold acres in Pennsylvania. The current […]

  • Shell’s earnings soar

    27 July 2017

    Oil giant Shell posted a 245 percent rise in its second quarter earnings, on a current cost of supplies (CCS) basis, and excluding identified items. Shell’s Q2 2017 earnings, excluding identified items, were $3.6 billion, up 245% from $1 billion for the second quarter of 2016. The company said the result was boosted by higher […]

  • Shell sells Norwegian fields interest to Okea

    30 November 2018

    Shell’s Norwegian unit, Norske Shell, sold its interest in the Draugen and Gjøa fields in Norway to Okea for 4.52 billion NOK ($526 million).

  • Shell Technology Webcast

    21 September 2006

    As the easy oil becomes more difficult to find and produce, how do oil and gas companies squeeze more barrels out of existing resources? How can technology unlock more oil in each reservoir, extending the life of mature fields? How can Enhanced Oil Recovery (EOR) techniques contribute to energy security? On Thursday 28th September at […]

  • The Netherlands: Shell Buys Gasnor

    11 July 2012

    Shell, the current owner of 4.1% of the shares in Gasnor AS, has signed a Share Purchase Agreement for the acquisition of the remaining outstanding shares in the company for USD 74 million (NOK 455.5 million). Subject to Norwegian regulatory approvals, the transaction is expected to be closed in the 3rd quarter of 2012. Gasnor […]

  • Shell sells New Zealand assets to OMV

    28 December 2018

    The Hague-based LNG giant Shell has completed the sale of its shares in New Zealand entities to OMV for $578 million.

  • $452 billion shot in UK economy’s arm on the table with oil & gas and other homegrown energy

    31 March 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Regulation & Policy, Rules & Regulation, Transition

    With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new report the roadmap that will enable Britain not only to meet the power demand with energy produced at home but also inject hundreds of billions into its economy by allowing oil and gas to thrive alongside low-carbon and clean alternatives in its energy toolbox.

  • Nexus Sells Crux Stake to Shell, Australia

    19 December 2012

    Nexus Energy said it has provided to Shell Development (Australia) an Option Notice that will result in the disposal of 2% of Nexus’ 17% participating interest in the Crux   AC/L9 development project  in the East Browse Basin, off the coast of North West Australia for $75 million.  The put option was agreed at the time […]

  • Shell completes Woodside shares sell-down

    18 June 2014
    Business & Finance

    Further to the announcement on 17 June 2014, Royal Dutch Shell plc t0day confirmed its subsidiary has completed the sell-down of 78.27 million shares of Woodside Petroleum Limited (“Woodside”). Shell Energy Holding Australia Limited (“SEHAL”) completed the sale at a price of A$41.35 per share with proceeds expected to be received on 23 June 2014. The sale […]

  • Report: Shell looking to sell business in Norway

    14 November 2016

    Global oil major Shell has reportedly hired a bank to review its Norwegian assets, which could possibly lead to Shell exiting the Scandinavian country. According to the article by The Times, the company has assigned Rothschild bank to review the “$3bn Norwegian business.” The Times wrote on Sunday that this could lead to Shell selling […]

  • Shell sells Pinedale and Haynesville gas assets

    15 August 2014

    Royal Dutch Shell made two separate transactions whereby the company will exit its Pinedale and Haynesville onshore gas assets in exchange for approximately $2.1 billion of cash, plus additional acreage in the Marcellus and Utica Shale areas in Pennsylvania. In one agreement with Ultra Petroleum, Shell will acquire 155,000 net acres in the Marcellus and Utica […]

  • Shell sells engineering software rights to Aveva

    8 February 2018
    Business & Finance, Equipment

    Aveva has acquired the intellectual property rights to Shell’s EDD and PDMSi software.