Shell News

Royal Dutch No More: Shell Officially Changes Name

Jan 21, 2022

Shell officially changed its name on Friday, ditching 'Royal Dutch', which has been part of its identity since 1907, following plans to scrap its dual share structure and move its head office from the Netherlands to Britain.'Shell announced…

Shell, UK Regulators Renew Talks on Jackdaw Offshore Field Development

Jan 21, 2022

Royal Dutch Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices, company and industry sources said.In recent weeks, Secretary of State at the Department of Business…

Shell Seismic Survey Approval Complied with Rules, S.Africa Minister Says

Jan 13, 2022

Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's energy minister said in a letter to parliament…

ScotWind: Iberdrola's ScottishPower, Shell to Develop 5GW of Floating Wind Power in Scotland

Jan 17, 2022

ScottishPower, part of the Spanish renewables firm Iberdrola, and Shell have secured joint offers for seabed rights to develop large-scale floating wind farms as part of Crown Estate Scotland’s ScotWind leasing. The partners have won two sites…

Shell Greenlights $7B Shares Buyback 'At Pace' Despite LNG Woes

Jan 07, 2022

Royal Dutch Shell said it will pursue 'at pace' a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron.Shares in Shell…

Sembcorp Marine Delivers Vito Floater to Shell

Jan 06, 2022

Singapore's Sembcorp Marine said Thursday it had completed the construction of the Vito floating production facility, bound for deployment in the U.S. Gulf of Mexico for Shell.The integration of Vito’s topside structure with its hull was executed by a pair of goliath cranes with 30…

S. Africa Court Stymies Shell Offshore Seismic Survey

Dec 28, 2021

A South African high court today blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for oil and gas.On Dec. 3 a different…

Can We Still be Friends? Shell Sends Parting Note to Dutch Prime Minister

Dec 13, 2021

On the day that shareholders of Royal Dutch Shell PLC voted to move the company's headquarters to London from The Hague, the company sent a letter to the Dutch prime minister to soften the blow.Signed by Shell CEO Ben van Beurden, the letter…

Shell Eyes Return to Libya

Nov 30, 2021

Royal Dutch Shell is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources said, a decade after exiting the North African country because of unrest.The plan, details of which were seen by Reuters…

UK North Sea's Oil and Gas Future Darkens after Shell's Cambo Exit

Dec 06, 2021

Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters.But on Thursday Royal Dutch Shell…

Shell Ditches the Dutch, Seeks Move to London in Overhaul

Nov 15, 2021

Royal Dutch Shell said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas.The company…

Shell Makes 'Material' Deepwater Oil Discovery in U.S. Gulf of Mexico

Dec 10, 2021

Oil major Shell has this week announced 'a material' discovery at the Blacktip North prospect in the U.S. Gulf of Mexico, ~220 miles SSE of Houston. Blacktip North is located in OCS block Alaminos Canyon (AC) 336, approximately 4.5 miles northeast of the recently appraised Blacktip discovery…

Shell Wins Court Case to Kick Off Seismic Surveys Offshore South Africa

Dec 03, 2021

A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell from starting seismic surveys to explore for petroleum systems off the eastern seaboard's popular Wild Coast…

QatarEnergy Buys Into Shell's Offshore Blocks in Egyptian Red Sea

Dec 13, 2021

Qatari national oil and gas company QatarEnergy has agreed to buy working interests in two offshore exploration blocks on the Egyptian side of the Red Sea from Shell. QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4.Block…

UK North Sea: Shell Scraps Plans to Develop Cambo Oil Field

Dec 03, 2021

Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oil field in the British North Sea, which became a lightning rod for climate activists seeking to halt the development of new oil and gas resources.Following 'comprehensive screening' of the Cambo field…

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