Shell Russia News

Sintana Energy Joins Two Blocks in Orange Basin Offshore Namibia

Jun 10, 2024

Oil and gas company Sintana Energy has completed the acquisition of shares in Giraffe Energy Investments, securing a stake in two blocks in the Orange Basin, offshore Namibia.Sintana Energy has closed the previously announced acquisition of…

Esgian Week 24 Report: Noble and Diamond Offshore Announce Merger Plans

Jun 16, 2024

Esgian provides an update on Noble and Diamond Offshore’s announcement of merger plans in its Week 24 Rig Analytics Market Roundup.Report SummaryContractsADES has completed the signing of a drilling contract for a jackup with Suez Oil Company (SUCO) in Egypt…

Esgian Week 23 Report: Semisub Action in Norway, Australia

Jun 09, 2024

Esgian provides an update on semisub activities in Norway and Australia in its Week 23 Rig Analytics Market Roundup.Report SummaryContractsTransocean has announced contract fixtures for three harsh environment (HE) semisubmersibles. Together…

NNPC Inks FLNG Deal with Golar LNG to Boost Gas Developments in Nigeria

Jun 12, 2024

Marine LNG infrastructure developer Golar LNG has signed a project development agreement (PDA) with the state-owned Nigerian National Petroleum Corporation (NNPC) for the deployment of an FLNG facility offshore Niger Delta.With a capacity of 400-500 million standard cubic feet per day (MMscf/d)…

Gas Flow from Norway to Britain Resumes after Repair

Jun 07, 2024

The flow of Norwegian gas to northern England via the Langeled pipeline resumed on Friday, live data from Britain's system operator National Gas showed following a June 2 outage that triggered renewed concerns over energy security in Europe…

Estonia Says China Has Not Responded to Subsea Cables Probe Request

May 28, 2024

Estonia's state prosecutor said China has not responded to a six-month-old request for help with an investigation into a Chinese ship which Estonia suspects cut two of its subsea telecoms cables.The two cables connecting Estonia to Finland and Sweden were damaged on Oct 7-8…

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…

Eco Atlantic Farms Into Orange Basin Block Off South Africa

Jun 06, 2024

Eco (Atlantic) Oil & Gas has started the farm-in process into Block 1 offshore South Africa Orange Basin, while confirming it is relinquishing its 50% working interest operated offshore Block 2B in South Africa.Through its 100% owned subsidiary Azinam South Africa Limited…

Trinidad Court Recognizes ConocoPhillips' Claim Against Venezuela

May 30, 2024

A Trinidad and Tobago court order has granted ConocoPhillips the right to enforce a $1.33 billion claim against Venezuela for past expropriations, a decision that could complicate proposed offshore gas ventures between Trinidad and Venezuela…

Norway Gas Export Outage Extended, Duration Remains Uncertain

Jun 04, 2024

An outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days until the morning of June 7 as repair work continued, Norwegian system operator Gassco said on Tuesday.The outage, which Gassco attributed to a crack…

OPEC+ Extends Deep Oil Production Cuts into 2025

Jun 03, 2024

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days…

OPEC+ Bets the Robust Crude Oil Demand Forecast is Right

Jun 03, 2024

The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct.The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia…

BP, Trinidad's NGC Receive US License for Gas Development with Venezuela

May 29, 2024

British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday…

Norway to Protect Nordland 6 Area from Drilling

May 29, 2024

Norway's centre-left government will not open the Arctic Nordland 6 waters for oil and gas exploration, the energy minister told parliament on Wednesday, maintaining a long-held policy of protecting the ecologically vulnerable area.The opposition…

Petrobras Welcomes Mero Field FPSO in Brazil

May 28, 2024

The floating production storage and offloading (FPSO) unit Marechal Duque De Caxias has set off to Petrobras’ Mero field in the pre-salt Santos Basin, after arriving to Brazil from MISC Berhad shipyard in China.The Marechal Duque de Caxias can produce up to 180…

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