Shell Egypt said Tuesday it had completed the drilling of the first well in its three-well exploration campaign, Mina West, located in the North East El-Amriya block, in the Mediterranean Sea, discovering a gas bearing reservoir. Drilling activities…
Shell is suing Greenpeace for $2.1 million in damages after the environmental group's activists boarded the company's oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters.The British oil and gas major filed the claim in London's High Court…
Shell will cut around 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, it said on Wednesday.The staff cuts and organizational changes come after Sawan…
Sapura Energy said Monday that Brunei Shell Petroleum had issued notices of arbitration to its subsidiaries Sapura Fabrication and Sapura Offshore.Brunei Shell Petroleum is seeking arbitration against Sapura Fabrication in relation to the Salman development…
Shell plans to drill two more wells in Namibia over the next 6 to 9 months, with the energy giant citing 'encouraging data' for the possible development of a new oil basin in the southern African country, CEO Wael Sawan said on Thursday.Shell plans to drill one exploration well…
Shell CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments in renewable energy, sparking an internal debate.The open letter…
Shell on Thursday reported third-quarter earnings of $6.2 billion, in line with expectations, on higher refining margins and strong liquefied natural gas (LNG) trading.The company announced share buybacks of $3.5 billion over the next three months…
A court case over whether to allow Shell to explore for oil and gas off South Africa's pristine Wild Coast has been delayed until next year, a lawyer for environmentalists said on Wednesday.Shell wants to overturn a decision by the Makanda High…
Oil major Shell has sold its 35% stake in Indonesia’s Masela offshore block to PT Pertamina Hulu Energi and Petronas. The sale includes the Abadi gas project. The completion of the sale follows regulatory approval from Indonesia’s Ministry of…
Singapore's Seatrium said Thursday it had delivered the 2019-ordered Whale Floating Production Unit (FPU) to Shell for deployment at Whale deepwater field development in the U.S. Gulf of Mexico.According to Seatrium, which was known as Sembcorp Marine went the FPU was ordered…
Oilfield services and technology company SLB said Wednesday that a multi-year three-way collaboration agreement was signed to deliver digital end-to-end workflows for Shell, using SLB subsurface solutions on Amazon Web Services' (AWS) cloud infrastructure…
A BP Plc and Shell Plc consortium has reached an agreement with Trinidad and Tobago to explore three deepwater blocks for hydrocarbon production in the Caribbean country, Minister of Energy Stuart Young said on Thursday. The deal would help…
Ithaca Energy has agreed to acquire the remaining 30% stake in Cambo from Shell, taking Ithaca Energy’s stake in Cambo to 100%.To remind, Ithaca Energy said in May it had agreed to market Shell's 30% stake in the Cambo oil prospect in the UK North Sea…
Shell considered shutting its flagship Prelude FLNG facility off Australia for a year to fix issues that have plagued its operations, but instead opted for shorter maintenance period to allow it to capture strong gas demand, three industry sources said…
Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said…
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