Shell Offshore Inc., a key subsidiary of Shell plc, has announced the commencement of production at the Rydberg project, a significant addition to the deep-water portfolio in the Gulf of Mexico. This new venture is expected to yield an impressive peak production rate of 16,000 barrels of oil equivalent per day (boe/d), positioning it as […]
Shell Deutschland GmbH has announced a significant step towards sustainable energy production. The company has taken a final investment decision (FID) to transform the hydrocracker at the Wesseling site of the Energy and Chemicals Park Rheinland into a production unit for Group III base oils. These oils are crucial in manufacturing high-quality lubricants, such as […]
Shell U.K. Limited (Shell UK) has made a decisive move in the energy sector by taking a final investment decision (FID) on the Victory gas field located in the UK North Sea, approximately 47 km north-west of the Shetland Islands. This significant investment is poised to reinforce Britain’s energy independence and contribute to domestic gas […]
In a significant move within the Nigerian oil industry, Shell has reached an agreement to sell its onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), to a consortium named Renaissance. This consortium is a collaboration of five companies, including four Nigeria-based exploration and production companies and an international energy group. The deal, […]
Shell Offshore Inc., a subsidiary of the energy giant Shell plc, has made a announcement with the Final Investment Decision (FID) for the Sparta oil and gas project, a deep-water development in the U.S. Gulf of Mexico. This move exemplifies Shell’s innovative approach to simplifying and replicating projects, marking a significant stride in the industry. […]
Shell Offshore Inc., a subsidiary of global energy leader Shell plc, has recently expanded its footprint in the US Gulf of Mexico by acquiring the 20% Working Interest (WI) in the Kaikias field from MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd. With this acquisition, Shell now holds 100% working interest […]
Ithaca Energy (LON: ITH) has successfully acquired the remaining 30% stake in Cambo from Shell U.K. Limited, taking its ownership to 100% as of 12 September 2023. The deal, focusing on minimal near-term cost exposure, involves payment upon first oil or after any subsequent sale of a working interest in Cambo by Ithaca Energy, conditional […]
McDermott has announced receiving a limited notice to proceed for an engineering, procurement, construction, and installation (EPCI) contract from Shell Trinidad and Tobago Limited. This contract is for the Manatee gas field development project, located off the east coast of Trinidad and Tobago, showcasing McDermott’s significant advancement in the global energy sector. Project Scope and […]
Shell Egypt has successfully completed the drilling of the first well in its exploration campaign, Mina West, located in the North East El-Amriya block in the Mediterranean Sea. Conducted in the offshore Nile Delta region, the drilling reached a water depth of approximately 250 meters below sea level. Preliminary data from this activity has confirmed […]
Shell Energy Operations, a fully-owned subsidiary of Royal Dutch Shell, has agreed to acquire Powershop Australia, an online energy retailer. The financial terms of the deal announced in late November 2021 were not disclosed. The deal will be executed through the 100% acquisition of Meridian Energy Australia Group, the parent company of Powershop Australia by […]