Shell News

FACTBOX-Who is Shell's New CEO Sawan?

Sep 15, 2022

Shell named Wael Sawan, head of its integrated gas and renewables division, on Thursday as the group's chief executive officer, replacing Ben van Beurden, with the energy major at the cusp of a transition to cleaner energy.Sawan, 48, currently oversees Shell's growth into low carbon energies…

Shell's CEO Ben van Beurden Prepares to Step Down Next Year

Sep 02, 2022

Shell has shortlisted four candidates to succeed Chief Executive Ben van Beurden who is preparing to step down next year after nearly a decade at the helm of the giant energy firm, two company sources told Reuters.During his tenure, van Beurden…

Shell's Giant Prelude FLNG Unit to Remain Shut for Longer as Pay Dispute Continues

Aug 18, 2022

Unions at Shell Plc's Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to Sept. 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6-million-tonne-a-year site…

Oil Leak Contained at Three US Gulf Platforms, Shell Says

Aug 11, 2022

Top U.S. Gulf of Mexico oil producer Shell said on Thursday it halted production at three U.S. Gulf of Mexico deepwater platforms after a leak shut two pipelines connecting the platforms, adding it expected pipeline service to resume on Friday…

LNG Traders Absorb Huge Losses After Supply Outages

Aug 10, 2022

Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season.Unplanned disruptions at LNG plants in the United States…

Shell to Develop Jackdaw Gas Project in the UK North Sea

Jul 25, 2022

Supermajor Shell on Monday said it will develop the Jackdaw gas field approximately 250 kilometers east of Aberdeen, Scotland in the U.K. North Sea.The Jackdaw field is 100% owned and operated by Shell U.K. affiliate BG International, which…

Shell Places US Gulf of Mexico Assets Up for Sale

Jul 20, 2022

Shell is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday.Potential divestments of some aging…

Shell to Build Offshore Wind-powered Green Hydrogen Plant in Port of Rotterdam

Jul 06, 2022

Shell has made the final investment decision for Holland Hydrogen I, which, when completed in 2025, will be Europe's largest renewable hydrogen plant. The plant will be powered by electricity produced from an offshore wind farm in the Dutch section of the North Sea…

Shell Wants to Share More of its Blockbuster Profits with Shareholders, CEO says

Jul 14, 2022

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday…

Shell to Stop Paying Prelude LNG Workers from Monday as Industrial Action Extended

Jul 20, 2022

Shell Plc on Wednesday told workers at its Prelude floating liquefied natural gas (FLNG) facility it would stop paying them as of Monday after they extended industrial action for two more weeks over a long-running wage dispute.Shell last week began shutting down the 3…

Worley's Engineering & Procurement Services for Shell's Gulf of Mexico Platform

Jul 18, 2022

Worley has won a three-year contract with Shell to provide engineering and procurement services for several of its assets in the Gulf of Mexico (GOM).Worley will provide professional services in engineering, procurement, project services and support fabrication and construction…

Shell Unable to Supply LNG Cargoes From Prelude FLNG Until July 21

Jul 12, 2022

Shell on Monday told customers it would be unable to supply liquefied natural gas (LNG) cargoes from its Prelude facility off northwestern Australia due to industrial action over a pay fight, which has been extended to July 21.Shell has stopped…

Shell Joins Qatar's LNG Expansion Mega-Project

Jul 05, 2022

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips, and Eni…

Shell Says Prelude LNG Shipments Disrupted Until at Least Mid-July

Jun 28, 2022

Shell Plc said on Wednesday liquefied natural gas (LNG) shipments from its Prelude floating facility off northwest Australia would be disrupted for at least two weeks due to work bans by unions fighting for better pay.Loading disruption at the 3…

Apache, Shell Win Offshore Exploration Blocks in Uruguay

Jun 27, 2022

Uruguay's ANCAP has awarded three of the six available offshore blocks on its continental shelf to Shell and Apache, following bids received in the most recent ANCAP 2022 Open Bidding Round.Shell won the rights to the shallow-water block OFF-2 and deepwater Block OFF-7…

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