Shell Russia News

Offshore Workers to Strike at UK Continental Shelf

Mar 10, 2023

British union Unite on Friday said several Sparrows offshore services workers have voted to strike at dozens of platforms on the UK continental shelf including those of BP and Shell.Around 150 Sparrows workers across more than 20 oil and gas platforms have voted for strike in a dispute over pay…

Shell, Chevron, and Petrobras Eye Guyana Offshore Oil Auction Bids -Sources

Mar 06, 2023

Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras, and Chevron, to consider the decade's hottest oil region, people close to the matter said.The South American country is offering 14 offshore blocks…

Edison Plans Final Investment Decision on East Mediterranean Gas Pipeline to Europe By End of Year

Mar 20, 2023

Energy group Edison plans to take the final investment decision on a proposed pipeline to deliver east Mediterranean gas to European markets by the end of this year, the Italian project developer told Reuters. The EastMed-Poseidon pipeline,…

Philippine Firm Targets New Gas Wells, Solar Investment

Mar 15, 2023

Philippine holding firm Prime Infrastructure Capital Inc aims to put new wells at the country's only major natural gas project into commercial operation in 2026, and is seeking other fields to ensure long-term output, its CEO told Reuters on Wednesday…

Alaska's Qilak LNG Targets Asia with $5B Project to Compete with Russia

Mar 08, 2023

Qilak LNG plans to invest $5 billion in a proposed liquefied natural gas (LNG) facility in Alaska's North Slope to compete with Russia's Yamal project for Asian customers towards the end of this decade, its chief executive said. Major LNG importers such as Japan…

Big Oil to Take Centerstage at Houston Meet as Markets, Alliances Shift

Mar 03, 2023

Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia's invasion of Ukraine a year ago continues to distort global oil supply lines and put long-term energy security front of mind for governments…

Nord Stream Owners Looking to Seal and Drain Damaged Gas Pipeline to Halt Corrosion

Mar 16, 2023

Shareholders of the Nord Stream 1 pipeline operator are discussing how to seal and empty the damaged gas pipeline to halt corrosion from sea water, said the chief financial officer of E.ON, one of the owners.The chief financial officer of E…

Petrobras Awards 3-year Contracts for Maersk Anchor Handler Trio

Mar 07, 2023

Danish offshore support vessel owner Maersk Supply Services has secured three-year contracts for three of its L-class anchor handlers with Petrobras in Brazil.Petrobras will use the vessels for a broad scope of anchor handling activities and offshore drilling rig movements…

Sakhalin-1 Oil, Gas Production Less Than Half of Plan in 2022

Feb 27, 2023

Valery Limarenko, the governor of Russia's far eastern Sakhalin island, told President Vladimir Putin on Monday that oil and gas production at the Sakhalin-1 project was less than half of that planned in 2022. The project saw a sharp decline in output following the departure of U…

Nord Stream's Future is Decision for All Shareholders, Kremlin Says

Mar 07, 2023

The Kremlin said on Monday that it was for all shareholders to decide whether Nord Stream gas pipelines damaged in blasts last year should be mothballed. Sources familiar with the plans told Reuters last week that the ruptured Nord Stream 1 and Nord Stream 2 pipelines…

Norway's Petoro Reports Record $51B Profit

Mar 14, 2023

Norwegian state energy firm Petoro reported on Tuesday more than a doubling of its annual earnings thanks to soaring gas prices and said it expected the world to need petroleum supplies 'for a long time to come.'The oil and gas company's net profit rose to a record 539 billion Norwegian crowns ($50…

Woodside Eyes 56% Stake in Namibian Offshore Block

Mar 02, 2023

The Australian oil and gas company Woodside Energy has entered into an agreement for an option to acquire a 56% Participating Interest in Petroleum Exploration License 87 (“PEL 87”) offshore Namibia.This is according to the Canadian company Sintana…

Germany Raids Suspected Ship in Nord Stream Pipeline Blast Probe

Mar 08, 2023

Western allies on Wednesday warned against reaching premature conclusions on who was responsible for blowing up the Nord Stream pipelines, with Germany suggesting the attack could also have been a 'false flag' operation to blame Ukraine.A New York Times report…

PGS Mobilizes Ramform Titan Vessel for Offshore Namibia Survey

Mar 03, 2023

PGS has signed a 3D exploration acquisition contract for work offshore Namibia. The Norwegian company said in a stock exchange announcement that it was mobilizing its Ramform Titan vessel for the survey. The acquisition is expected to be completed in late May 2023…

Malaysia's Petronas Posts Higher Q4 Profit, Sees Lower Oil Prices in 2023

Mar 13, 2023

Malaysia's state oil firm Petroliam Nasional Berhad on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger sales volume, but warned of moderating prices for this year due to an expected slowdown in the global economy…

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