Shell to acquire Indian renewable energy platform Sprng Energy for $1.5bn

Shell to acquire Indian renewable energy platform Sprng Energy for $1.5bn

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 […]

Petrobras and partners begin production at P-68 FPSO from Berbigão field

Petrobras and partners begin production at P-68 FPSO from Berbigão field

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 […]

Shell takes investment decision on PowerNap deepwater project

Shell takes investment decision on PowerNap deepwater project

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 […]