Shell Russia News

Nord Stream Breaches a Stark Reminder of Undersea Infrastructure Vulnerabilities

Oct 17, 2022

On the night of September 26, near the end of the calm season on the Baltic, a broiling kilometer-wide circle disturbed the face of the sea and a huge mass of methane erupted into the air. The gas formed a cloud that crossed Europe, in what’s…

US Navy Jet Flew Across Baltic Hours After Nord Stream Burst

Oct 07, 2022

A U.S. Navy reconnaissance aircraft flew near the site of the ruptured Nord Stream 2 pipeline in the Baltic Sea hours after the first damage emerged, according to tracking reviewed by Reuters, a flight Washington said was routine.Russia's Nord Stream 1 and 2 pipelines burst on Sept…

Shell Picks Renewables Boss Sawan as New CEO. Van Beurden to Step Down at 2022 End

Sep 15, 2022

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, Exxon Launch Joint Sale of UK, Dutch North Sea Assets

Sep 27, 2022

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…

Kazakhstan Sees Kashagan Oil Field Restarting Oil Output of 400,000 bpd by end-Oct

Oct 13, 2022

Kazakhstan's Energy Minister Bolat Akchulakov told Reuters that the giant offshore Kashagan oilfield will resume production of 400,000 barrels per day (bpd) by the end of October after maintenance.Speaking on the sidelines of the Russian Energy Week in Moscow…

Nord Stream Operator Seeks Permits to Start Damage Assessment of Pipeline

Sep 30, 2022

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 Sends Diving Vessel to Inspect Leaking Nord Stream Pipelines

Oct 03, 2022

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…

Russian Spy Chief Accuses West of Nord Stream Sabotage

Sep 30, 2022

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…

Britain to Acquire Two Specialist Ships to Protect Underwater Infrastructure

Oct 02, 2022

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…

EIG's MidOcean Energy to Buy Tokyo Gas’ Interests in Gorgon, Pluto, Ichthys, Queensland Curtis LNG Projects

Oct 07, 2022

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…

UK Moves to Limit Revenues of Low-carbon Energy Producers

Oct 12, 2022

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…

Nord Stream 'Sabotage' Likely to be a State-sponsored Act, Russia says

Sep 29, 2022

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…

Maersk Drilling Secures Work for Maersk Viking Rig in Malaysia

Sep 26, 2022

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…

'Tax people in this room' to Help the Poor, Shell CEO Tells Energy Conference

Oct 04, 2022

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…

Incoming Shell Boss Aims Fire up Renewables Drive

Sep 22, 2022

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…

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