Shell has turned to the head of its gas and renewables business to drive its transition to a lower-carbon future, picking Wael Sawan to replace Ben van Beurden as chief executive. Sawan's appointment comes at a pivotal time for the oil giant…
Shell and Exxon Mobil have launched a joint sale process of a large package of offshore natural gas assets in the southern UK and Dutch North Sea, three industry and banking sources said.The two companies have hired investment bank Jefferies to run the sale…
Nord Stream AG, the operator of the Russia-led Nord Stream 1 offshore gas pipeline, said on Thursday it intended to start assessing the damage to the pipeline as soon as it receives necessary official permits.It said access to the area of incidents…
Sweden sent a diving vessel on Monday to the site of Russian gas pipelines in the Baltic Sea that ruptured last week following blasts in the area, to probe an incident that has added new tension to Europe's energy crisis.Europe is investigating…
EIG-backed LNG company MidOcean Energy has agreed to acquire Tokyo Gas’ interests in a portfolio of four Australian integrated LNG projects, Gorgon LNG, Ichthys LNG, Pluto LNG, and Queensland Curtis LNG for $2.15 billion in cash. 'These integrated…
Russia's top spy said on Friday that Moscow had intelligence indicating that the West was behind what he said was a 'terrorist act' against the Nord Stream gas pipelines under the Baltic Sea.A sharp drop in pressure on both pipelines was registered on Sept…
Russia said on Thursday that leaks spewing gas into the sea from pipelines to Germany appeared to be the result of state-sponsored 'terrorism', as an EU official said the incident had fundamentally changed the nature of the conflict in Ukraine…
Britain will acquire two specialist ships to protect underwater infrastructure such as cables and pipelines, defence minister Ben Wallace said on Sunday, following leaks in the Nord Stream gas pipelines from Russia to Europe.European countries…
Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billions of pounds for consumers.The 'Cost-Plus-Revenue Limit' forms part of a broader energy…
European governments should tax the wealthy to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell Chief Executive Officer Ben van Beurden said on Tuesday.Speaking before the Energy Intelligence Forum in London…
Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) for the Maersk Viking drillship in Malaysia. The drillship will also work for PTTEP.Shell's Malaysian subsidiaries have have…
Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible 'transformative' clean power acquisition, company and industry sources said.Sawan will from…
One of President Vladimir Putin's top allies said on Wednesday that the sabotage of the Nord Stream offshore gas pipelines resembled the U.S. Central Intelligence Agency-backed attacks on oil infrastructure in Nicaragua in 1983.Nord Stream 1 and Nord Stream 2 offshore gas pipelines…
Egypt is aiming to take over the development of Gaza's offshore natural gas field, Egyptian and Palestinian officials said, in what would be a boost for the cash-strapped Palestinian economy. While Egypt and Israel have been producing gas in the eastern Mediterranean for years…
The European Union on Wednesday promised a 'robust' response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe.As gas…
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