Shell Russia News

Swedish Prosecutor Hopes to Conclude Nord Stream Probe in Autumn

Jun 14, 2023

Sweden hopes to be able to determine who was behind the Nord Stream gas pipeline sabotage by the autumn, the prosecutor leading the country's investigation told Swedish radio.In September 2022, several unexplained underwater explosions ruptured…

The Evolving FPSO Landscape – Healthy Demand, Changing Procurement

Jun 21, 2023

After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy…

TurkStream Pipeline Back in Operation After Planned Maintenance

Jun 12, 2023

Russian gas producer Gazprom said that a week of maintenance work on the TurkStream pipeline had ended as scheduled on Monday, Reuters has informed. Gas flows in the pipeline, which takes Russian gas to Europe via Turkey, had been switched off on June 5…

Second Sea Cable Lay for 'West Alpha' Completed

Jun 21, 2023

With the cable-laying vessel Isaac Newton, the work vessel Adhémar de Saint-Venant and a remote-controlled cable burial vehicle, the contractor combination Jan de Nul Group/LS Cable & System has completed the installation of the second subsea cable for the offshore wind farm 'west Alpha' completed…

Eni Sees Synergies of Up to $1B from Neptune Acquisition

Jun 26, 2023

Italian energy group Eni said that synergies from the $4.9 billion acquisition of private equity-backed Neptune Energy could reach $1 billion as the two groups integrate their operations across key geographies. The acquisition announced on Friday…

SBM Offshore Completes Financing of Alexandre de Gusmão

Jun 20, 2023

SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.The project financing is provided by a consortium of 12 international banks with insurance cover from three international export credit agencies…

Russia's Novatek Offered Argentina Know-how to Liquefy Gas from Vaca Muerta

Jun 09, 2023

Russia's largest producer of liquefied natural gas (LNG) Novatek last year offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said, though the talks have since broken off…

Talos Names Maiworm CFO

Jun 19, 2023

Houston based Talos Energy announced it has appointed Sergio L. Maiworm Jr. as the Company's Chief Financial Officer and Senior Vice President, effective as of July 1, 2023, replacing Shannon E. Young, III who has accepted a similar role with another independent E&P company…

Cyprus Seeks Mediterranean Gas Link to Israel

Jun 20, 2023

Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters.Proposals by the new centrist Cypriot government, which came to power in March…

Russia Says West Trying to Confuse the World over Nord Stream Culprits

Jun 07, 2023

The Russian embassy in the United States said on Wednesday that a report the United States knew of a Ukrainian plan to attack the Nord Stream natural gas pipelines was part of a coordinated Western attempt to confuse the world over the truth…

Kongsberg Digital Secures $90 Million Investment from Shell Ventures and Idékapital

Jun 02, 2023

Shell Ventures and Idékapital have invested $90 million in Kongsberg Digital, a business area within Norway's KONGSBERG.The funding and new investors will support and accelerate the future growth and development of Kongsberg Digital. The investment…

Nord Stream Sabotage Probe Turns to Clues In Poland - WSJ

Jun 12, 2023

German investigators are examining evidence suggesting a sabotage team used Poland as an operating base to damage the Nord Stream pipelines in the Baltic Sea in September, the Wall Street Journal reported on Saturday.The investigators have reconstructed the two-week voyage of the 'Andromeda'…

Eni, Vaar Agree to Buy Neptune Energy in $4.9 Billion Deal

Jun 23, 2023

Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition, which is expected to be completed at the start of next year…

Kremlin Blames 'Anglo-Saxons' After Report U.S. Knew of Ukrainian Nord Stream Attack Plan

Jun 08, 2023

The Kremlin, commenting on a report that the United States had known last year of a Ukrainian plan to attack the Nord Stream natural gas pipelines, said on Thursday it had already raised the possible involvement of 'Anglo-Saxons.' Unexplained…

US had Intelligence of Ukrainian Plan to Attack Nord Stream Project -Washington Post

Jun 07, 2023

The United States learned of a Ukrainian plan to attack the Nord Stream natural gas pipelines three months before they were damaged last September by underwater explosions, The Washington Post reported on Tuesday, citing leaked information posted online…

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