Shell Enterprises, a subsidiary of Royal Dutch Shell, has signed an all-cash deal worth $9.5 billion to sell its assets in the US-based Permian Basin to ConocoPhillips. The assets are located in Texas and are spread over a total of 2,25,000 net acres in the Delaware Basin. Presently, the Permian Basin assets are producing close […]
Oil and gas giant Royal Dutch Shell has drawn the first gas from the Barracuda gas project in Block C, offshore Trinidad and Tobago (T&T) a little over one and a half years after taking a final investment decision (FID). Barracuda is a backfill project located in the East Coast Marine Area (ECMA). It is […]
Royal Dutch Shell said that its subsidiary – Shell Deutschland will divest its 37.5% non-operated stake in the PCK oil refinery in Schwedt, Germany (PCK Raffinerie GmbH) to Austria-based Alcmene GmbH, a part of the Liwathon Group. The energy giant did not disclose the financial terms of the transaction. Alcmene is into trading of energy […]
Royal Dutch Shell is executing a deal worth up to $460 million to sell its interest in the Malampaya gas project in the Philippines to Malampaya Energy XP, a subsidiary of Udenna Corporation. The deal is being carried out by the company’s subsidiary Shell Petroleum whose 45% stake in Service Contract 38 (SC38) offshore licence […]
Qatar Petroleum has agreed to acquire a 45% stake in two exploration blocks in Namibian waters – Block 2913A and Block 2914B in PEL 39 from Royal Dutch Shell. The financial terms of the deal were not disclosed. Shell will continue to be the operator of the blocks with a stake of 45%. The remaining […]
HollyFrontier has signed a deal worth up to $530 million for acquiring the Puget Sound Refinery in Anacortes, Washington from Royal Dutch Shell’s subsidiary Equilon Enterprises d/b/a Shell Oil Products US. Also involved in the acquisition are the on-site cogeneration facility and related logistics assets, which include a deep-water marine dock, a rail terminal, a […]
Royal Dutch Shell has reached an agreement with Simply Blue Energy in late January to take part in the Emerald floating wind project in the Irish waters of the Celtic Sea. In this connection, the oil and gas giant will acquire a 51% stake in the Irish marine project developer Simply Blue Energy’s Simply Blue […]
PGNiG Upstream Norway has agreed to acquire the stakes of Norske Shell in the producing Kvitebjørn and Valemon fields in the Norwegian North Sea. Norske Shell is a subsidiary of Royal Dutch Shell, while PGNiG Upstream Norway is a subsidiary of Polish state-controlled oil and gas company PGNiG. The financial terms of the deal were […]
Kosmos Energy has signed a deal worth up to $200 million with Dordtsche Petroleum Maatschappij (Shell), a fully-owned subsidiary of Royal Dutch Shell, to farm down interests in a portfolio of frontier exploration assets in Africa. The consideration for the US oil and gas company is made up of an upfront payment of nearly $100 […]
Petrobras and its partners will move ahead with the phase 3 development of the Mero oil field in the Libra block offshore Brazil, having taken the investment decision. The Mero field is located deep offshore in the prolific pre-salt area of the Santos Basin, 180 kilometers off the Rio de Janeiro coast. The partners will deploy […]