(Oil & Gas 360) – The following is an update to the second quarter 2026 outlook and gives an overview of our current expectations for the second quarter. Outlooks presented may vary from the actual second quarter 2026 results and are subject to finalisation of those results, which are scheduled to be published on July 30, 2026. Unless otherwise indicated,
(World Oil) – Shell has become the first operator to receive MiQ methane emissions certification across its entire Gulf of America/Gulf of Mexico production portfolio, with all 10 offshore assets earning the organization’s top Grade A methane performance rating. The certification follows an independent third-party audit conducted under MiQ’s methane emissions standard. According to MiQ, the rating reflects low methane intensity as well
(By Oil & Gas 360) – For years, Vaca Muerta was viewed as one of the world’s great untapped shale opportunities, massive resources, strong geology, and comparisons to the Permian Basin, but limited by political instability, capital controls, and inconsistent energy policy. Now, the basin is entering a different phase. Located in Argentina’s Neuquén Basin, Vaca Muerta holds the world’s
(World Oil) – INEOS Energy and Shell Offshore Inc. have agreed to pursue new exploration and development opportunities tied to the Appomattox platform in the Gulf of America, targeting near-field resources that can be developed via subsea tiebacks. The agreement focuses on prospects within tieback distance of existing infrastructure, including Shell’s pre-FID Fort Sumter discovery, the planned Sisco exploration well and an
(Oil Price) – Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the Kazakh Energy Ministry said on Thursday. The agreement – signed by Kazakhstan’s Deputy Energy Minister Yerlan Akbarov and Suzanne Coogan, Senior Vice President and Country Chair at Shell Kazakhstan – entails seismic exploration, data collection, and technical assessment of potential
(Oil & Gas 360) – Hosted by Shell and held in partnership with Moeve, Fluor, Gasunie, The International Association of Oil & Gas Producers, Repsol, Spiecapag and Germany Trade and Invest, DECARBON 2026 centred on practical decision-making at the intersection of policy, technology and implementation across the oil and gas value chain in Vösendorf, Austria. On 9 February, the first day
(Oil Price) – UK-based supermajors Shell and BP are seeking U.S. licenses to develop gas fields that Trinidad and Tobago shares with Venezuela, the Caribbean island’s Energy Minister Roodal Moonilal said on Wednesday. BP and Shell have sought to develop two separate cross-border gas fields in Venezuelan and Trinidad and Tobago waters, but progress has been slow in recent years due to the
(World Oil) – Shell Plc and its partners in Nigeria are exploring how to develop a big oil field in the West African nation, a step that could one day see them invest $20 billion in the project, the oil major’s Chief Executive Officer said. “We are indeed working on a project, Bonga South West, that could potentially, if we
(World Oil)– Shell and INEOS Energy have made their first oil discovery in the Gulf of America after confirming hydrocarbons at the Nashville exploration well, a deepwater Norphlet find operated by Shell. The Nashville well, drilled in the Norphlet formation, was drilled more than five miles beneath the seabed and encountered high-quality oil in what the companies described as one of the
(World Oil) – Shell Plc is looking to sell a 20% stake in a Brazilian oilfield cluster to help fund the multibillion-dollar offshore development, according to people familiar with the process. The UK supermajor agreed to acquire TotalEnergies SE’s stake in the cluster earlier this year through an asset swap, and is looking to raise money while remaining operator, said the
(Oil Price) – Oil markets have been volatile over the past couple of weeks, driven by a series of geopolitical developments including new U.S. sanctions on Russian energy, coupled with a fragile cease-fire in Gaza. Oil prices remain well below recent highs, with both Brent and WTI crude trading ~$15/bbl below their 52-week peak. Weak oil prices have taken a toll on
(Oil Price)– Shell has challenged an arbitration ruling against it in the long-running dispute with Venture Global over contracted LNG supply, alleging the U.S. LNG exporter withheld information to Shell and the arbitration court. Shell has challenged the arbitration decision at the New York Supreme Court, the supermajor told Reuters on Tuesday. Shell has sued Venture Global for selling LNG on the
