Post Tagged with: "shell"

Source: Reuters

Shell, other oil companies seek less Saudi crude in April due to weaker demand -sources

Reuters


Several European and Nordic oil refiners are taking less crude from Saudi Arabia in April, industry sources said, suggesting a lack of demand for the extra supplies the country has offered as it seeks to boost market share.

The …

Source: Reuters

Shell cuts 2020 spending by $5 billion, suspends share buyback

Reuters


LONDON – Royal Dutch Shell (RDSa.L) will lower spending by $5 billion and suspended its vast $25 billion share buyback plan in an effort to weather the recent collapse in oil prices, it said on Monday.

The …

Source: Reuters

Shell eyes tankers for oil floating storage after price collapse

Reuters


LONDON – Royal Dutch Shell is in talks to charter at least three supertankers to store crude oil at sea as traders brace for a sharp rise in global stocks after OPEC and its allies abandoned a production cut …

Source: Houston Chronicle

Shell plans major drilling in Mexico, but oil may take years

Houston Chronicle


Royal Dutch Shell Plc is pushing ahead on its massive deep-water drilling plan in Mexico, even as it doesn’t foresee production starting under the current government.

The global oil major plans to drill four wells this year, and …

February 26, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Qatargas signs LNG SPA with Kuwait

Qatargas signs LNG SPA with Kuwait

LNG Industry


Qatargas has announced the signing of a new, long term LNG sale and purchase agreement (SPA) with Shell to deliver 1 million tpy of LNG to the State of Kuwait, commencing this year.

Qatargas signs LNG SPA with Kuwait -oilandgas360Commenting on the signing of …

February 11, 2020 - 6:31 am Closing Bell Story‎, International, LNG
Source: CNBC

Shell’s new solar farm to help power a natural gas plant in Australia

CNBC


Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland.

In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and

Source: Reuters/Christopher Pike

Oil is our gold and we aim to use all of it, ADNOC official says

Reuters:


Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.

The world’s transition away from fossil …

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan

From Reuters


Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network.

Canadian Natural’s letter …

An Oryx Midstream facility (source: Oryx Midstream Services)

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

From CNBC


Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects.

“Australia and Qatar continued to jostle …

UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

UPDATE: Venture Global Announces Final Investment Decision and Financial Close for Calcasieu Pass LNG...

Source: Venture Global LNG

Venture Global Closes on Project Financing for Calcasieu Pass LNG

By Tyler Losier, Energy Reporter, Oil & Gas 360

Proceeds from Venture Global’s debt and equity financing will fully fund the construction and commissioning of its Calcasieu Pass LNG facility
Venture Global LNG Inc., headquartered in Arlington, Virginia, has closed

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters


Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.

The carbon …

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

From Reuters


Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say the kingdom should trim its target to around $1.5 trillion, industry and banking …

Source: Ithaca Energy Limited

Exxon Mobil Profit Sinks, Chevron Rises as Both Boost Output

From Reuters


Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), the two reported on Friday.

Exxon’s topped analysts’ reduced estimates for the quarter but net …

Source: Royal Dutch Shell

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

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

Texas Shale Pioneers Struggle to Appease Investors

Texas Shale Pioneers Struggle to Appease Investors

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 …

How Big is Saudi Aramco?

How Big is Saudi Aramco?

By Tyler Losier, Energy Reporter, Oil & Gas 360


The staggering size of Aramco: Saudi Arabia’s state-owned oil company

In 1933, the government of Saudi Arabia signed a concession agreement with the Standard Oil Company of California, creating an entity …

EcoStim Energy Solutions provides completion and stimulation services in Argentina's Vaca Muerta shale play.

The Dead Cow Finally Produces Oil, a Century After Its Discovery

From Bloomberg


Argentine shale formation sees first crude and LNG shipments, drillers still face many infrastructure, political challenges

Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as …

Source: Brazos Midstream

New NatGas Gathering, Processing System Heading to the Delaware

By Tyler Losier, Energy Reporter, Oil & Gas 360

Brazos Midstream and Shell E&P sign exclusive deal
Brazos Midstream, a major Delaware Basin midstream player, has signed a 15-year gathering and processing agreement with Shell Exploration and Production. The deal

Source: PBF Energy

PBF Energy Snags Martinez Refinery from Shell

~$1 billion transaction to boost PBF’s production volume by 157,000 BOPD
PBF Energy Inc. (stock ticker: PBF) has signed an agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US to purchase the Martinez refinery, located in Martinez, California, for

Source: SBM Offshore

Petrobras Gets New Offshore Partner

FPSO Mero 2 expected to produce 180,000 BOPD
SBM Offshore N.V., a holding company headquartered in Amsterdam, signed a letter of intent this week with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease to operate its floating production storage and

Obscure Investor Readies $10 Billion Bet on East Med Gas

Obscure Investor Readies $10 Billion Bet on East Med Gas

From Bloomberg

A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry with a bid to unlock hundreds of billions of dollars of sales stymied by the political and industrial complexities of the region.…

Energy Transfer, Shell Issue Invitation to Tender for Lake Charles LNG Project

Energy Transfer, Shell Issue Invitation to Tender for Lake Charles LNG Project

Energy Transfer, Shell Issue Invitation to Tender for Lake Charles LNG Project

May 3, 2019 - 8:00 am Closing Bell Story‎, LNG, Press Releases
Shell Makes Significant Discovery in Perdido Corridor U.S. Gulf

Shell Makes Significant Discovery in Perdido Corridor U.S. Gulf

Shell Announces Deep-Water Discovery in Gulf Of Mexico

Shell to Sell Interest in Gulf of Mexico Caesar-Tonga Asset to Delek for $965 Million

Shell to Sell Interest in Gulf of Mexico Caesar-Tonga Asset to Delek for $965 Million

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek

Source: Gazprom LNG Storage Tanks

Shell Exits Gazprom-Led LNG Project In Russia

From Reuters

Royal Dutch Shell has decided to exit a Baltic liquefied natural gas (LNG) project led by Russian state gas major Gazprom on the Russian Baltic coast.

The development comes as Western firms struggle to expand in Russia because …

April 10, 2019 - 3:52 pm Closing Bell Story‎, Energy News, Natural Gas News
Shell Enters China’s Shale Oil Scene With Joint Study With Sinopec

Shell Enters China’s Shale Oil Scene With Joint Study With Sinopec

From Reuters

Royal Dutch Shell has entered China’s shale oil sector, signing an agreement with state-owned Sinopec to study an East China block, part of the nation’s early efforts to unlock the potentially massive unconventional resource.

China is already in …

April 9, 2019 - 12:10 pm China, Closing Bell Story‎, Crude Oil News, Energy News
Shell Breaks Market Mold With Deal Linking Gas Prices to Coal

Shell Breaks Market Mold With Deal Linking Gas Prices to Coal

From Bloomberg

Royal Dutch Shell Plc agreed to sell liquefied natural gas to a Japanese utility at prices that include a link to coal, the latest innovation in the booming LNG market where buyers are seeking to diversify risks.

In …

April 5, 2019 - 3:58 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News
BP and Shell Both Claim to Be Number One in Investor Returns

BP and Shell Both Claim to Be Number One in Investor Returns

From Bloomberg

In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company.

Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group …

March 29, 2019 - 5:01 pm Closing Bell Story‎, Energy News
Shell Sells 40 Percent of Colombian Offshore Blocs to Noble Energy

Shell Sells 40 Percent of Colombian Offshore Blocs to Noble Energy

From Reuters

Shell has sold 40 percent of its participation in two offshore oil exploration contracts in Colombia to Noble Energy, which will also operate the blocs, the government said on Tuesday.

Colombia recently modified contractual terms for offshore exploration …

March 27, 2019 - 12:14 pm Closing Bell Story‎, Energy News, International