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 […]
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 […]
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 […]
Petróleo Brasileiro (Petrobras) and its partners Royal Dutch Shell, Total and Petrogal Brasil have started oil and gas production start at the P-68 floating production, storage, and offloading unit (P-68 FPSO) from the Berbigão field at the BM-S-11-A concession (lara license) in the Brazilian pre-salt Santos Basin. The P-68 FPSO is the fourth platform to […]
Royal Dutch Shell announced that its subsidiary Shell Offshore will move ahead with the PowerNap deepwater field in the US Gulf of Mexico having reached a final investment decision (FID), as per the latest oil and gas industry news. Located in the south-central Mississippi Canyon area, about 240km from New Orleans, the PowerNap deepwater field will […]
British-Dutch oil and gas firm Royal Dutch Shell has taken the final investment decision on the PowerNap deepwater project in the US Gulf of Mexico. Discovered by Shell in 2014, the PowerNap field is located in the south-central Mississippi Canyon area, approximately 240km from New Orleans. Expected to begin production in late 2021, PowerNap will […]