Shell will spend $1.55 billion to acquire Sprng Energy, a renewable energy platform in India owned by global investment firm Actis. In this regard, Shell has executed a definitive agreement through its fully-owned subsidiary — Shell Overseas Investment with Actis Solenergi to acquire Solenergi Power Private Limited, the Mauritius-based holding company for Sprng Energy. Based […]
Oil and gas giant bp has started production at the Herschel Expansion project in the Mississippi Canyon block 520 in the Gulf of Mexico. Herschel is the first of four major oil and gas projects that bp has scheduled to bring online globally this year. Phase 1 of the Herschel Expansion project involved the development […]
Shell Pipeline Company LP said that it has made a non-binding offer to acquire the remaining shares in Shell Midstream Partners that it previously not owned from the latter’s public shareholders for $12.89 per share in cash. Currently, Shell Pipeline Company and its affiliates hold nearly 68.5% of shares in Shell Midstream Partners, which 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 […]
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 […]
Siemens Gamesa Renewable Energy has secured a significant contract with the CrossWind Consortium, a joint venture between Shell Netherlands and Eneco, to supply turbines for the 759 MW Hollandse Kust Noord offshore wind park. This project is poised to play a crucial role in the Netherlands’ ambitious renewable energy strategy. Under the terms of the […]
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 […]
The first wind turbine of Blauwwind Consortium’s 731.5MW Borssele III/IV offshore wind farm has been installed by MHI Vestas in the North Sea at a site 55 km off the coast of the Netherlands. The first of the 77 V164-9.5 MW wind turbines of the Dutch offshore wind farm was installed by MHI Vestas’s project […]
Oil and gas giants Equinor, Shell and Total have taken the decision to make initial investments of nearly NOK 6.9 billion ($680 million) in the Northern Lights CCS project, the first-ever carbon capture and storage project (CCS Project) on the Norwegian Continental Shelf. Equinor said that plans for development and operation of the CCS project […]