Royal Dutch Shell – Page 4

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

August 1, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico, electing to move forward with

The Shale Boom in the Permian Is Slowing Down - 360

Texas Shale Pioneers Struggle to Appease Investors

July 30, 2019

From Reuters Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing to buy up acreage, acquire competitors and quickly boost output in the booming shale field. Today, Diamondback (FANG.O) is the

Gale Norton Joins Liberty Oilfield Services’ Board of Directors

July 24, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Liberty Oilfield Services appoints Gale Norton to its board of directors Gale Norton, former secretary of the interior for the George W. Bush White House, will be joining Liberty Oilfield Services (stock ticker: LBRT) as a member of its board of directors. Additionally, she has been appointed as the chair of

Intensifying Storm Cut Half U.S. Gulf Coast Oil Output, Closes Coastal Refinery

July 11, 2019

From Reuters An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day of oil production, 53% of Gulf of Mexico’s output, and 1.2 billion cubic feet

Shell Starts Production at Appomattox

May 23, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Deeper water targets available with new Gulf of Mexico platform Royal Dutch Shell plc (stock ticker: RDS.A), through its subsidiary Shell Offshore Inc., brought its Appomattox floating production system online Thursday, in what is now the first commercial discovery operational in the Gulf of Mexico Norphlet formation. The deep-water oil

Argentina is offering its first-ever liquefied natural gas cargo, putting the nation on the verge of becoming a regular exporter of the fuel. Oil & Gas 360

World’s largest floating LNG platform starts production in Australia

December 28, 2018

From Reuters Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world’s largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade. Though the project started up later and cost more than originally estimated, it

Judge Throws Out Calif. Cities’ Climate Change Suits against Five Oil Producers

June 26, 2018

Northern California U.S. District Judge William Alsup has dismissed the climate change lawsuits filed against BP (NYSE: BP), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Exxon Mobil (NYSE: XOM), and Shell (NYSE: RDS.A) by the cities of San Francisco and Oakland. The lawsuits were filed last September against the five big oil companies alleging that the carbon emissions from their fossil

Shell Divests Ownership in Iraq’s West Qurna 1 Oil Field

March 23, 2018

Earlier today Shell EP Middle East Holdings (ticker: RDS) agreed to sell the entire share capital of Shell Iraq B.V, which holds its 19.6% stake in the West Qurna 1 Oil Field, for $406 million, to a subsidiary of Itochu Corporation. Itochu will assume debt of $144 million as part of the transaction. The sale has received the necessary regulatory

Shell Divests $7.3 Billion Worth of Oil Sands, Ties Executive Bonuses to Carbon Emissions

March 9, 2017

Shell exits upstream oil sands operations, but keeps its refineries Royal Dutch Shell (ticker: RDSA) announced Thursday the signing of two agreements that will see all of the company’s in-situ and undeveloped oil sands interest in Canada old and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%, according to a press release put out

Shell Reports $2.8 Billion Profit, but Management Says Global Outlook Remains Uncertain

November 1, 2016

Shell posts the largest profit of any major yet in Q3, but management said the industry isn’t out of the woods yet Royal Dutch Shell (ticker: RDSA) reported a larger profit than any of the other international oil majors to release third-quarter numbers so far – reporting $2.8 billion Tuesday. The higher than expected earnings were a welcome surprise after

U.S. LNG Arrives in China from Sabine Pass

August 29, 2016

The fist LNG shipment to China from the lower 48 states arrived last week, marking the official entry of the U.S. into the Asian LNG market. The shipment was chartered by Royal Dutch Shell (ticker: RDS) and originated form Cheniere Energy’s (ticker: LNG) Sabine Pass LNG facility in Gulf of Mexico. The cargo was purchased by China National Offshore Corp

Offshore Alaska: DOI Adds More Drilling Regulations

July 7, 2016

President Obama ‘turning his back on the livelihoods of Alaskans who depend on resource development’ Today, the United States Department of the Interior and the Bureau of Ocean Energy Management released 348 pages of new Requirements for Exploratory Drilling on the Arctic Outer Continental Shelf. Today’s rule addresses certain key factors associated with conducting offshore oil and gas activities on the Arctic

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