Shell Russia News

Equinor to Drill 25 Offshore Exploration Wells in Norway in 2023

Nov 29, 2022

Norwegian major Equinor plans to drill 25 exploration wells off the Nordic country next year, compared with 22 wells this year, most of them in the North Sea, a senior executive said on Tuesday. A 'small handful' of wells will be drilled in the Norwegian and Barents Seas each…

Petronas Wants to Join Abadi LNG project - Indonesian regulator

Nov 16, 2022

Malaysian state oil and gas company Petronas has expressed interest in participating in Indonesia's takeover of Shell's stake in the Abadi LNG project, Indonesia's upstream oil and gas regulator told a parliamentary hearing on Wednesday.The…

TotalEnergies to Cut UK North Sea Spending by 25% after Windfall Tax

Dec 01, 2022

TotalEnergies will cut its investment in British North Sea oil and gas projects by a quarter next year after the UK government hiked a windfall tax on the sector, the French firm's British exploration and production chief said on Wednesday.Energy…

Russia to Wait for Full Nord Stream Damage Assessment Before Any Repair Decision

Nov 18, 2022

Russia will wait until a full damage assessment to the Nord Stream gas pipelines is done before deciding on any repairs, if any, Kremlin spokesman Dmitry Peskov said on Friday.Swedish investigators have found traces of explosives at the site of the damaged Nord Stream pipelines…

Shell Posts $9.5B Profit, Plans to Boost Dividend

Oct 27, 2022

Shell Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs.Shell also extended its share repurchasing program…

UK Considering Big Increase in Energy Windfall Tax, Sources Say

Nov 14, 2022

British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries to find ways to repair the country's public finances, sources said on Saturday.The…

Shell Joins Project that Promises to Change Subsea Repair Game Using 3D Printing Tech

Nov 11, 2022

Oil major Shell has partnered with Kongsberg Ferrotech in a project that is developing tools to repair subsea assets using 3D printing technology.'Since 2021, Kongsberg Ferrotech has worked in a joint industry project with the partners Equinor…

OPL 245 Offshore Block Case: Milan Court Rejects Nigeria's Compensation Request Against Eni, Shell

Nov 11, 2022

An appeals court in Milan on Friday rejected Nigeria's $1.092 billion compensation request against Italian energy group Eni and Shell in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July…

Wintershall Dea CEO Doesn't See IPO in Next Six Months

Nov 18, 2022

An initial public offering (IPO) for oil and gas producer Wintershall Dea is off the cards for the next six months, Chief Executive Mario Mehren told business daily Handelsblatt.The company, owned jointly by BASF and investor group LetterOne…

EnCap Backs Houston-based Firm to Build Jones Act WTIVs

Dec 01, 2022

Houston-based Bleutec Industries, a company which describes itself as the builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels, said Thursday it had secured 'a significant capital commitment' from EnCap Investments L…

Shell to Jointly study East China Carbon Project with Sinopec, Baowu and BASF

Nov 04, 2022

Shell said on Friday it signed an agreement with Chinese state refiner Sinopec and steel group Baowu as well as German chemical giant BASF to study a carbon capture, utilisation and storage project (CCUS) in East China. Parties intend to conduct…

Ithaca Energy's London IPO Priced at Bottom of Range

Nov 08, 2022

North Sea oil and gas producer Ithaca Energy's planned initial public offering (IPO) in London is set to be priced at the bottom of the range at 250 pence per share, a bookrunner on the deal said on Tuesday.Ithaca's market debut will be watched…

The Philippines: Shell Sells Stake in Malampaya Offshore Field

Nov 01, 2022

Shell has completed the sale of its stake in the Malampaya offshore gas field in the Philippines to Malampaya Energy XP Pte Ltd  (MEXP), a subsidiary of Prime Infrastructure Capital Inc (Prime Infra).  Shell Petroleum signed an agreement to sell interest in Malampaya…

Traces of Explosives Found at Nord Stream Pipelines, Sweden says

Nov 18, 2022

Investigators have found traces of explosives at the site of the damaged Nord Stream pipelines, confirming that gross sabotage had taken place, a Swedish prosecutor said on Friday. Swedish and Danish authorities are investigating four holes in the Nord Stream 1 and 2 pipelines…

Equinor Evaluating Impact of UK Windfall Tax on Projects

Nov 23, 2022

The Norwegian oil company Equinor said on Tuesday it is evaluating the impact of Britain's windfall tax on its oil and gas projects, including the giant Rosebank development. 'The British government's decision last week to raise the windfall…

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