10000 results found for 'Shell'

10000 results found for 'Shell'
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  • Shell further cuts stake in Australia’s Woodside

    13 November 2017

    The Hague-based LNG giant Shell has entered into a $1.7 billion (A$2.2 billion) deal with two investment banks to sell a stake in Australian LNG operator Woodside. Shell’s subsidiary, Shell Energy Holdings Australia Limited (SEHAL), will sell 71.6 million shares in Woodside, representing 64% of its interest in Woodside and 8.5% of the issued capital in […]

  • Namibia’s Orange Basin still oil-rich but Shell’s discovery deemed ‘commercially unfeasible’

    10 January 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    Shell has decided to write down $400 million, citing technical and geological difficulties encountered at the petroleum exploration license (PEL) 39, as its oil discovery in the Orange Basin off the coast of Namibia cannot be confirmed for commercial development at this point.

  • iSURVEY Bags Shell Contract

    22 February 2017
    Project & Tenders

    iSURVEY has secured a non exclusive call-off contract with Shell UK, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services. The three year contract, which has the option of up to two, one year extensions, will see iSURVEY provide non exclusive rig and surface positioning services, subsurface […]

  • Shell Sells Stake in Wheatstone LNG to KUFPEC

    20 January 2014

      Royal Dutch Shell said on Monday it has agreed to sell its 8% equity interest in the Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum Wheatstone LNG project in Western Australia for a cash consideration of US$1,135 million to the Kuwait Foreign Petroleum Exploration Company (KUFPEC). Shell Chief Executive […]

  • UK: Bridge Sells Duart Oil to Shell

    6 January 2012
    Business & Finance

    Bridge, the Oslo Axess-listed oil and gas exploration and production company signed an agreement in December 2011 for the crude oil sales from the Duart field with Shell Trading and Shipping Company (“STASCO”). The acquisition of a 50% equity interest in the Duart field from Nexen was completed in December 2011 for an adjusted consideration […]

  • AIS secures subsea insulation contract for project in Brazil

    24 January 2025
    Business Developments & Projects, Project & Tenders

    UK-headquartered AIS has secured a subsea insulation contract for the Mero 4 oil field in Brazil, representing its fifth award for insulation systems in the region. The company will supply its ContraTherm C25 insulation system for the production pipeline end termination (PLET) and production and water alternating gas jumpers. This marks AIS’ fifth award for […]

  • Shell sells Polarled pipeline stake to CapeOmega

    20 October 2017

    Shell is selling its stake in the Polarled offshore pipeline in Norway, as well as a part of its stake in the Nyhamna gas plant to CapeOmega. According to a statement by Shell, CapeOmega AS will buy Shell’s 9.02% stake in the Polarled gas pipeline and 3% of the 15.03% stake in the gas plant Nyhamna. […]

  • Noble buys Shell’s interest in two drillship JVs as Shell exits drilling contract

    4 December 2019
    Exploration & Production

    Noble has completed the previously disclosed transaction with Shell relating to the two joint ventures in which Noble and Shell each held a fifty percent interest.

  • Shell sells part of its Woodside stake for $1.7 billion

    13 November 2017
    Business & Finance

    Shell has made an agreement to sell part of its stake in Woodside Petroleum to equity investors for $1.7 billion.

  • Shell sells interest in Gulf of Mexico assets

    5 December 2016
    Business & Finance

    Japanese firm Mitsui & Co is buying into Shell’s offshore fields in the U.S. Gulf of Mexico. The deal entails Mitsui buying  a 20 percent working interest in Shell’s Kaikias and Circius fields, spread acros four blocks in the Mississippi Canyon in the Gulf of Mexico. The four blocks, encompassing 93 square kilometers, are located approximately 100 […]

  • Shell to sell its stake in Thai gas field

    31 January 2018
    Project & Tenders

    The Hague-based LNG giant Shell said on Wednesday that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand to PTT Exploration & Production (PTTEP) for $750 million before tax. The transaction is expected to complete in the second quarter of 2018, Shell said in its statement. “Shell’s decision to […]

  • Australia: Shell Sells Wheatstone Stake to KUFPEC

    20 January 2014
    Business & Finance

    Royal Dutch Shell plc (“Shell”) today announced it has agreed to sell its 8% equity interest in the Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum Wheatstone liquefied natural gas (LNG) project in Western Australia for a cash consideration of US$1,135 million to the Kuwait Foreign Petroleum Exploration Company (KUFPEC), subject to closing.   […]

  • New president for Shell Nederland

    7 December 2015

    Hague-based gas and oil giant on Monday named Marjan Van Loon as the new president of Shell Nederland effective January 2016.

  • Shell Q2 profit nosedives

    28 July 2016

    Hague-based LNG giant Shell posted on Thursday its second-quarter results revealing a sharp decline in its net income on low oil, gas and LNG prices. Shell’s second quarter earnings on a current cost of supplies (CCS) basis plunged 93 percent to just $239 million. The company’s adjusted earnings, excluding one-off items such as proceeds from divestments, dropped 72 percent […]

  • Shell idles Noble drillship

    5 September 2018
    Business & Finance, Exploration & Production

    Oil major Shell has decided to idle one of Noble Corporation’s drillships operating for the company in the Gulf of Mexico. 

  • Shell to slash more jobs

    25 May 2016

    LNG giant Royal Dutch Shell said it will increase the number of job cuts by at least 2,200 to ensure the company is competitive in a ‘lower for longer’ oil price environment. This would bring the total number of staff and direct contractor roles leaving Shell from the start of 2015 to the end of 2016 […]

  • Shell Becomes Corvus Energy’s Investor

    13 August 2019
    Business & Finance

    Shell Ventures invests in Canadian provider of energy storage systems Corvus Energy.

  • Shell sells $2.5 bln stake in QCLNG unit

    21 December 2020
    Business Developments & Projects, Project & Tenders

    The Hague-based oil and LNG major Shell has agreed to sell a minority stake in a QCLNG unit for a consideration of $2.5 billion.

  • New Discovery for Shell in Australia

    25 December 2019
    Operations & Maintenance

    Shell Australia has made a gas and condensate discovery in the Browse Basin off the North West Coast of Western Australia.  Drilling of the Bratwurst -1 exploration well, within title AC/P64 (100% Shell Equity, operated), was concluded after a 78-day campaign. This campaign was completed in just over 18 months from bidding and 12 months […]

  • Shell’s 1Q profit soars

    4 May 2017

    Royal Dutch Shell has reported a sharp rise in its first quarter profit, boosted by chemicals and upstream segment of its business. Current Cost of Supplies (CCS) Income excluding identified items was $3,86 billion, up from $1,6 billion a year ago. The $2.2 billion increase from the first quarter of 2016 was mainly driven by […]

  • Shell and PGGM Eyeing Eneco

    15 January 2019
    Business & Finance, Environment

    Energy major Shell and Dutch pension fund PGGM are jointly exploring the opportunity to participate in the controlled auction for the Dutch sustainable energy provider Eneco. In December 2018 Eneco and its shareholders’ committee announced the start of the privatisation process. The consortium envisages that Eneco will be a platform for growth, operating from Rotterdam, […]

  • Shell and PGGM Eyeing Eneco

    15 January 2019
    Business & Finance, Environment

    Energy major Shell and Dutch pension fund PGGM are jointly exploring the opportunity to participate in the controlled auction for the Dutch sustainable energy provider Eneco. In December 2018 Eneco and its shareholders’ committee announced the start of the privatisation process. The consortium envisages that Eneco will be a platform for growth, operating from Rotterdam, […]

  • Shell: What is LNG? (VIDEO)

    28 January 2013

    Royal Dutch Shell recently posted a video about liquefied natural gas (LNG) and its use. As global demand for natural gas grows, companies are using advanced technology to transport it from source to customers. Gas can be piped over relatively short distances. But cooling the gas to -162°C (-260°F) turns it to liquid for easier, […]

  • Shell to slash jobs in Australia

    3 May 2016

    LNG giant Royal Dutch Shell said it would cut jobs in Australia following the recent merger with the BG Group. Shell has earlier flagged around 2,800 job cuts worldwide following the takeover of LNG player BG. “Shell has commenced conversations with employees about business efficiency and staffing levels – as a result of combining it with the […]

  • Borssele Story Not Over for Shell?

    9 September 2016
    Business & Finance

    Royal Dutch Shell is considering bidding at the upcoming Dutch tender for 680MW Borssele III and IV offshore wind sites, according to Reuters.  The second Borssele tender will open next week (16 September) and close on 29 September. The oil and gas giant took part in the Borssele I and II tender as part of […]