Shell Russia News

Turkey's Black Sea Gas Field to Go Online in 2023, Erdogan Says

Nov 17, 2022

Turkey's Black Sea gas field is on track to go online next year as promised and work has sped up to connect it to the national infrastructure, President Tayyip Erdogan said on Saturday.Addressing a natural gas pipeline opening in the northern Kastamonu province…

Petrofac CEO to Step Down. McDermott Man Named as Replacement

Nov 22, 2022

Oilfield services provider Petrofac said on Tuesday that Sami Iskander would step down as chief executive officer at the end of March 2023 and be replaced by Tareq Kawash, a senior executive at energy firm McDermott. Iskander took the helm in…

Reuters: India's ONGC Applies to Retain 20% in Russia's Sakhalin-1

Nov 08, 2022

India's Oil and Natural Gas Corp has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said. Russia has established a new entity, managed by a Rosneft subsidiary…

Equinor Files Development Plan for $1,45B Irpa Deepwater Gas Discovery

Nov 22, 2022

The Norwegian oil and gas company Equinor has filed a plan for development and operation (PDO) for the Irpa offshore gas discovery, formerly known as Asterix, to the Norwegian Minister for Petroleum and Energy.The gas discovery, sitting in the Norwegian Sea at a depth of 1350 meters…

Shell's Outgoing CEO to Get Full-year Salary as Compensation for Loss of Office

Oct 28, 2022

Shell's outgoing Chief Executive Ben van Beurden will get one-year base salary of 1.42 million pounds ($1.64 million) as compensation after leaving the position at the end of the year, the oil giant said on Friday. The payment will be done in six equal monthly installments between July 1 and Dec…

Norway: Safety Watchdog Launches Investigation into Offshore Platform Fire

Nov 21, 2022

The Norwegian offshore oil and gas safety regulator Petroleum Safety Authority Norway (PSA) has decided to investigate a fire in a transformer on Equinor's Åsgard B platform in the Norwegian Sea. The incident occurred on November 14, 2022.Breaking out in a transformer room…

Chevron Gets More Time to Drill Appraisal Well at Offshore Gas Field in Cyprus

Nov 18, 2022

U.S. oil major Chevron has been given more time to drill the A3 appraisal well in the Aphrodite gas field, 160 km south of Limassol, offshore Cyprus.NewMed Energy, partner in Chevron-operated Block 12 in the Mediterranean Sea, said Thursday…

Threat Against Major Gas Plant Resolved, Norwegian Police Say

Oct 13, 2022

Norwegian police on Thursday responded to a threat made by telephone against the Nyhamna gas processing plant, one of Europe's largest energy export facilities, and later said the incident had been resolved. The threat came amid heightened concerns…

Woodside CEO O'Neill Becomes APPEA Chair

Nov 17, 2022

The Australian Petroleum Production & Exploration Association (APPEA) has appointed Woodside's CEO of Meg O’Neill as Chair, and Beach Energy's CEO Morné Engelbrecht as Vice-Chair following APPEA’s annual general meeting in Perth on Wednesday…

Arctic LNG 2 Project on Track for 2023 Output Start, Mitsui CFO

Nov 01, 2022

The Arctic LNG 2 project in Russia is on track to start production of the first train in 2023, Mitsui & Co Ltd Chief Financial Officer Tetsuya Shigeta said on Tuesday. The Japanese trading house intends to stay in the Sakhalin-2 gas and oil…

Commonwealth Wind Moves Forward with Mass. Offshore Wind Deal

Nov 16, 2022

Commonwealth Wind said late Monday it will move forward with a submitted but not yet approved power purchase agreement with Massachusetts electric companies and its 1,232-megawatt offshore wind project.Commonwealth made its announcement after…

Qatar Pens 27-year Deal with China as LNG Competition Heats Up

Nov 21, 2022

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February…

Global Oil Giants Rake in Massive Profits in Third Quarter

Oct 28, 2022

Global oil-and-gas giants including Exxon Mobil, Chevron, and Equinor, posted huge profits in the third quarter, benefiting from surging energy costs that have boosted inflation around the world and hit consumers hard. Oil companies booked billions of dollars in profits as prices for crude…

Exxon Exits Russia Empty-handed with Oil Project 'Unilaterally Terminated'

Oct 18, 2022

Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project.  Exxon did not say if it received any compensation for the assets…

Lula to Start Job Interviews for Petrobras Overhaul, Sources Say

Nov 21, 2022

Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the talks said, kicking off what may be a rocky few months for the state-controlled company.Lula…

Current News

VARD Snags $125m Shipbuilding Deal for Subsea Contruction Vessel

VARD Snags $125m Shipbuilding

Imrandd Expands Work Scope for Apache’s North Sea Assets

Imrandd Expands Work Scope for

Mitsui’s STATS Lands Malaysian Pipeline Isolation Job

Mitsui’s STATS Lands Malaysian

Global Trade War Worries Grow as Trump Unveils Sweeping Tariffs

Global Trade War Worries Grow

Subscribe for OE Digital E‑News

Offshore Engineer Magazine