Shell News

Subsea7 Reveals it is Supporting Shell's Vito Waterflood Project

Sep 06, 2024

Subsea7 in August announced it was awarded a 'sizable' contract, worth between $50 million and $150 million, to perform engineering, procurement, construction, and offshore installation (EPCI) work in the U.S. Gulf of Mexico.The company revealed…

Izomax Wins a Milestone Contract with Shell

Aug 22, 2024

Izomax scored a milestone frame agreement with Shell, a deal that will enable Shell to leverage Izomax's patented  AOGV technology to reinvent plant maintenance procedures.The three-year frame agreement allows Shell to fulfill ambitions for…

Shell Plans Water Injection at Vito Field

Aug 14, 2024

Shell announced it will use water injection to enhance oil volume capacity at its deepwater Vito field in the U.S. Gulf of Mexico.The British multinational oil major on Wednesday said its Shell Offshore Inc. subsidiary has taken a final investment decision (FID) on the project…

McDermott Scoops Shell’s EPCI Contract for Caribbean Gas Development

Aug 12, 2024

Offshore engineering and construction firm McDermott has secured an engineering, procurement, construction, installation (EPCI), hook up and commissioning contract from Shell for the Manatee gas field development, offshore Trinidad and Tobago…

Shell's Bet on Gas Boom Takes Shape with String of Deals

Jul 12, 2024

Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.The new projects…

Shell Beats Forecasts With $6.3B Q2 Profit

Aug 01, 2024

Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts' forecasts.The results were nearly 25% higher than a year earlier…

Shell Greenlights Manate Gas Field Development Off Trinidad and Tobago

Jul 09, 2024

Shell Trinidad and Tobago, a subsidiary of Shell, has taken Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.Manatee will allow Shell to competitively…

Shell to Buy Singapore’s Pavilion Energy

Jun 18, 2024

Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is…

Norway's Wealth Fund Asks Shell for More Climate Policy Details

May 17, 2024

Norway's $1.6 trillion sovereign wealth fund urged Shell on Friday to give investors more information about its revised climate targets, but said it would not back a call by a group of 27 shareholders for the oil company to strengthen those targets…

Shell Smashes Forecasts With $7.7 Billion Quarterly Profit

May 02, 2024

Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.The company said it will buy back a further $3…

First Oil from Shell's Bonga North Tranche 1 in 2027/2028

May 09, 2024

Oil major Shell expects first oil from its Bonga North Tranche 1 project off the coast of Nigeria in 2027/2028 and 'there are opportunities get that stream on earlier,' a Shell executive said on Thursday.Elohor Aiboni, a managing director at Shell Nigeria…

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

Apr 04, 2024

Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Shell’s Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum…

Shell's LNG Boss Hill Leaves Company

Mar 11, 2024

Shell's head of liquefied natural gas (LNG), natural gas and power trading Steve Hill is leaving the company, Shell said on Monday.Hill chose to leave, Shell said, adding he would hand over his responsibilities and his successor would be announced in the coming weeks…

Shell Scales Back 2030 Carbon Emissions Target

Mar 14, 2024

Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.The changes…

Shell's LNG Trading Makes $2.4B in Final 2023 Quarter

Feb 23, 2024

Nearly a third of Shell's profit in the fourth quarter of 2023 came from the $2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources close to the company told Reuters.Shell did…

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