Shell News

Dayang to Maintain Topsides of Shell's Platforms in Malaysia

May 11, 2021

Malaysia's Dayang Enterprise has won a contract with Shell's Malaysian subsidiaries for the provision of topside maintenance services offshore Malaysia.Dayang said Monday that the contract value would depend on orders issued by Shell throughout the contract duration…

The Philippines: Shell to Sell Malampaya Field Stake to Udenna for up to $460M

May 20, 2021

Oil and gas giant Shell has struck a deal to sell its subsidiary Shell Philippines Exploration B.V. (SPEX) to Udenna Corp's subsidiary Malampaya Energy XP.SPEX holds a 45% operating interest in Service Contract 38 (SC38), which includes the producing Malampaya gas field…

Shell Makes 'Significant' Discovery in Deepwater Gulf of Mexico

May 11, 2021

Oil major Shell has made a significant discovery at the Leopard prospect in the deepwater U.S. Gulf of Mexico,  some 245 miles (394 km)  south-southeast of Houston.According to Shell, the Leopard well encountered more than 600 feet (183 meters) net oil pay at multiple levels…

Shell Raises Its Dividend as Profits Surge

Apr 29, 2021

Royal Dutch Shell's profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic.Shell's adjusted earnings were above an average analyst forecast of $3…

Maersk Training, Shell in Gulf of Mexico Offshore Training Team-up

May 04, 2021

The Shell Robert Training and Conference Center in Louisiana has established a new partnership with Maersk Training, to deliver 'enhanced ' training to the Gulf of Mexico offshore workforce.The agreement will combine the infrastructure and training…

UK: Shell Files Jackdaw Environmental Statement. First Production Expected in 2024

May 07, 2021

Oil major Shell has this week sent an environmental impact statement for the development of its Jackdaw field in the North Sea to the UK Government.The Jackdaw is an ultra-high pressure/high-temperature gas condensate field in the Central North Sea…

Shell to Produce Majority of Oil and Gas Reserves by 2050. Plays Down Stranded Assets Risk

Apr 15, 2021

Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.The disclosure is a rare…

TIMELINE: Nigerian Offshore Oil Block Deal Scandal

Mar 17, 2021

An Italian court acquitted Royal Dutch Shell and Italy's Eni on Wednesday of corruption in one of the oil industry's biggest court cases centered around the acquisition of a Nigerian oilfield in 2011.Italian prosecutors alleged that most of the $1…

Shell's Tech Pro Joins Management of Offshore Digital Twin Firm Akselos

Apr 07, 2021

Akselos, a company developing real-time digital twins for offshore energy industry applications, has appointed Shell Venture’s Michiel Van Haersma Buma as Vice President of Customer Success.Van Haersma Buma joins Akselos after a 12-year career with Shell as a commercial technologist…

Shell to Link Directors' Pay to Climate Performance

Mar 29, 2021

Royal Dutch Shell has proposed linking its directors' pay more closely to the group's climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes, it said on Monday.The weighting of Shell's energy…

Shell Looking to Sell Interests in Malaysian Offshore Blocks

Mar 15, 2021

Oil major Shell is exploring options to sell its non-operated interests in the Amended 2011 Baram Delta EOR Production Sharing Contract (PSC) and the SK 307 PSC, offshore Malaysia.The assets located offshore Sarawak, Malaysia, are operated by…

Shell, Deltic to Drill 'High-impact' Pensacola Well in UK North Sea in 2022

Mar 29, 2021

UK oil company Deltic Energy and oil major Shell have decided to drill what Deltic says is a potentially transformational Pensacola well in the North Sea, off the UK in 2022.Shell as the operator, and Deltic as its partner, in the Licence P2252 in the North Sea…

Ex-BHP Billiton CEO to Become Shell Chair

Mar 11, 2021

Oil giant Shell has announced the appointment of Sir Andrew Mackenzie as the new company Chair with effect from the conclusion of Shell’s 2021 Annual General Meeting, scheduled for May 18, 2021.Mackenzie, a former BHP Billiton CEO, will succeed…

Shell's UK Chair Moves to Head Low-carbon Fuels. North Sea Oil and Gas Boss Replaced

Mar 04, 2021

Royal Dutch Shell is changing the senior leadership of its operations in Britain as part of a global overhaul to cut costs and shift away from oil and gas to renewables and power.Under the changes, which have been announced internally, country…

Egypt: Shell Sells Western Desert Fields to Focus on Offshore Assets

Mar 09, 2021

Oil major Shell has agreed to sell its upstream assets in Egypt’s Western Desert so for US$646 million plus contingent payments, so it can focus on its offshore assets in the country.Shell will sell the Western Desert assets to a consortium…

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