Shell Russia News

FACTBOX - Carbon Capture and Storage Projects Across Europe

Mar 07, 2023

Efforts to remove carbon dioxide (CO2) emissions from industry and store them underground storage have gained steam across Europe over the past few years as countries seek to meet their climate goals.The interest in carbon capture and storage…

Big Oil to Take Centerstage at Houston Meet as Markets, Alliances Shift

Mar 03, 2023

Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia's invasion of Ukraine a year ago continues to distort global oil supply lines and put long-term energy security front of mind for governments…

Technip Energies' Annual Revenue, 2023 Guidance Hit by Russia Exit

Mar 03, 2023

French oil and gas services provider Technip Energies announced on Thursday lower annual revenue and guidance for 2023, citing the impact of its exit from a major LNG project in Russia. While the project withdrawal had no financial impact on the company in 2022…

Nord Stream Pipeline Blast Inquiries Ongoing, Denmark, Sweden, Germany Tell UN

Feb 23, 2023

Investigations by Denmark, Germany and Sweden into explosions on the Nord Stream gas pipelines have not yet concluded, the three countries said on Tuesday as the U.N. Security Council met to discuss the September incident.Russia, which called for the meeting…

Russia's Lukoil Looks to Sell Stake in Ghana's Pecan Offshore Field

Feb 27, 2023

Russia's Lukoil is in talks with Indian companies to sell its stake in the Pecan oilfield off Ghana, which could help to break an impasse in submitting development plans for the field, sources familiar with the matter said. Talks between Lukoil officials and Indian companies…

Denmark Investigates Yacht Linked to Nord Stream Blasts

Mar 09, 2023

Danish police have searched for a yacht on a tiny Baltic Sea island near the Nord Stream pipeline blast sites, the local administrator said on Thursday.German authorities confirmed on Wednesday they had raided a ship in January that may have…

Russia Targets Dutch North Sea Infrastructure, MIVD Says

Feb 21, 2023

Russia has in recent months tried to gain intelligence to sabotage critical infrastructure in the Dutch part of the North Sea, Dutch military intelligence agency MIVD said on Monday.A Russian ship has been detected at an offshore wind farm in…

Britain's Tax Take Risks Blowing Green Energy Off Target

Mar 13, 2023

A cap on revenue and the lack of the kind of incentives offered to oil explorers are blocking the development of renewable energy in Britain, say industry officials who are pressing for changes ahead of this week's budget.The British government has set targets for major increases in wind generation…

North Sea Regulator to Prioritize Licenses for Fast Gas Developments

Mar 08, 2023

The British regulator overseeing the latest North Sea oil and gas licensing round will prioritize companies aiming to bring natural gas to market within months, its head said on Wednesday.Britain launched last year its first oil and gas exploration…

Oil and Gas Profits Fuel UK Worker Demands for Just Energy Future

Mar 06, 2023

When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and dolphins for conservationists' surveys on his voyages around the world.Based in Dundee, Scotland, many of his jobs over the years have been for the offshore fossil fuel industry…

100,000 barrels per day: Shell Starts Production from Vito Offshore Platform in U.S. Gulf of Mexico

Feb 16, 2023

Oil major Shell has started production from its Vito offshore platform in the US Gulf of Mexico (GoM). 'With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company's first deep-water platform in the GoM to employ a simplified…

Exxon Seeks to Unblock Stalled Sale in 'challenging' Nigeria - Top Executive

Mar 06, 2023

Exxon Mobil Corp hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in the West African country, a top Exxon executive told Reuters. The largest U.S. oil company will keep its deep…

UN Buys Tanker to Store Oil from Decaying Vessel off Yemen

Mar 09, 2023

The United Nations has purchased a large tanker to store about 1.1 million barrels of oil that will be transferred from a decaying vessel off Yemen's coast in a bid to avert an environmental disaster, officials said on Thursday.U.N. officials…

Saudi Aramco CEO Will Not Attend Houston Energy Conference

Mar 06, 2023

The chief executive of Saudi Arabian state oil company Aramco will not attend an energy conference organized by S&P Global [this] week, the event's updated schedule showed.Amin Nasser, head of the world's largest oil company, had been listed as delivering a keynote address at CERAWeek…

Europe Gas Supplies to Stay Tight Two More Winters, Equinor CEO Says

Mar 08, 2023

Europe will struggle over the next two winters to replace Russian natural gas supplies as China's appetite for the fuel recovers, the chief executive of Norwegian energy giant Equinor told Reuters on Tuesday.Equinor became Europe's top natural…

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