Nauticus Robotics, Inc. (NASDAQ: KITT), a pioneering developer of ocean robots and artificial intelligence for offshore industries, announced a service contract with Shell plc (NYSE: SHEL). The initial deal includes inspection services for a Shell subsea field in the Gulf of Mexico. This partnership is a result of Nauticus Robotics successfully completing a qualification phase […]
Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, has commenced production at its Timi gas field in Malaysia under the SK318 production sharing contract (PSC). Notably, Timi is Shell’s first wellhead platform in Malaysia to utilize a solar and wind hybrid power system. Designed for high efficiency, the unmanned platform is around 60% lighter […]
Shell’s subsidiary, Shell Upstream Overseas Services (SUOS), has agreed to sell its 35% stake in Indonesia’s Masela Production Sharing Contract (Masela PSC) to local firm PT Pertamina Hulu Energi (PHE) and PETRONAS Masela. This agreement, including the Abadi gas project, sees a base consideration of $325 million in cash, with an extra contingent amount of […]
Chevron Australia and the Gorgon joint venture (JV) participants, announced the production of the first gas from the Gorgon Stage Two development located off the northwest coast of Western Australia. This milestone achievement marks a significant expansion of the existing subsea gas gathering network of the Gorgon Project, the largest single resource project in Australia’s […]
Shell’s subsidiary Shell USA has closed the previously announced $169 million acquisition of Volta Inc., an electric vehicle (EV) charging and media company. The all-cash deal was announced in January 2023. It was wrapped up after receipt of the required regulatory clearances and approval from Volta’s shareholders. Volta offers Shell a public charging network with […]
GAIL (India) and Shell Energy India have signed a memorandum of understanding (MoU) to study opportunities in various aspects of the energy value chain. For GAIL, the MOU is said to be a step towards achieving improved sustenance in business operations. In an effort to diversify the feedstock used in its petrochemical plant, GAIL is […]
Shell Offshore, a subsidiary of Shell, and Equinor have started production from the Vito oil field in the deep waters of the US Gulf of Mexico (GoM). The milestone comes nearly five years after the parties reached a final investment decision as the duo aims to exploit a recoverable resource volume of 290 million barrels […]
Wipro, an Indian technology consulting and services firm, said that it has won the Shell.ai hackathon, which is powered by Microsoft along with Udacity for Sustainable and Affordable Energy. Every year, the Shell.ai hackathon gathers brilliant minds that are passionate about digital technology and artificial intelligence (AI) to address real energy issues and create a […]
Shell said that its subsidiary Shell Integrated Gas Oman has started production of gas from the Mabrouk North East field in Oman’s Block 10. The oil and gas giant has an operating stake of 53.45% in Block 10. Its partners are OQ (formerly Oman Oil Company) and Marsa Liquefied Natural Gas, which hold stakes of […]
Shell USA, a subsidiary of Shell plc, will acquire Volta, an American electric vehicle (EV) infrastructure company listed on the New York Stock Exchange (NYSE), for around $169 million in cash to unlock long-term growth opportunities in EV charging. Under the merger agreement, Shell will own Volta’s dual charging and media network. The latter’s shareholders […]