Reuters LONDON (Reuters) – Breaking up oil major Royal Dutch Shell into separate fossil fuels and renewables companies might be financially compelling but would not work in real life, finance chief Jessica Uhl said on Thursday. Activist hedge fund Third Point, which has built a large stake in Shell, on Wednesday called for the oil major to split into multiple
World Oil (Bloomberg) –Royal Dutch Shell is hoping to restart its Ursa oil and gas platform in the U.S. Gulf of Mexico as early as the first half of November, according to a person familiar with the matter who asked not to be identified because the information isn’t public. The 100,000-barrel-a-day Ursa and the Shell’s other 60,000-barrel a day Mars
Reuters LONDON (Reuters) – Royal Dutch Shell warned on Thursday of a $400 million hit to third-quarter earnings from the damage caused by August’s Hurricane Ida. However, in an update ahead of quarterly results this month, the oil major also flagged a boost to cashflows from soaring natural gas and electricity prices. Gas and power prices have been surging as
World Oil Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has conducted a comprehensive damage assessment of its West Delta-143 (WD-143) offshore facilities from Hurricane Ida that revealed significant structural damage. Shell estimates that its WD-143 “A” platform facilities will be offline for repairs until the end of 2021, and that the facilities on the WD-143 “C” platform
Reuters Royal Dutch Shell Plc is beginning the redeployment of personnel to its Appomattox platform in the Gulf of Mexico while damage assessments are continuing at its West Delta-143 (WD-143) offshore facility after Hurricane Ida. As of Wednesday, more than three-quarters of the U.S. Gulf of Mexico’s offshore oil and natural gas output remained shut as the fallout from Hurricane
World Oil Sarawak Shell Berhad, a subsidiary of Royal Dutch Shell plc, announced that it has taken a final investment decision on the Timi gas development project and, together with its partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration, look forward to delivering this for Malaysia. The Timi field is situated approximately 200 km off the coast of Sarawak,
Shell Invests in the Whale Development in the Gulf of Mexico Canada NewsWire …
Brecorder CALGARY: Royal Dutch Shell said on Tuesday it plans to build a large-scale carbon capture and storage (CCS) project near Edmonton, Alberta, joining a number of other companies proposing clean energy initiatives in Canada’s main oil-producing province. The Polaris CCS project would have capacity to store 300 million tonnes of carbon over its lifetime, and capture emissions from Shell’s
Reuters Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N), four people familiar with the talks told Reuters. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp (HFC.N) and its stake in a Houston-area refining joint venture to Petroleos Mexicanos as it
Reuters LONDON – A Dutch activist group that won a legal battle against Royal Dutch Shell RDSa.L over its climate strategy has urged the company to ditch its appeal and hold joint talks on how to reduce its emissions, according to a letter seen by Reuters. A court in The Hague ordered Shell on May 26 to reduce greenhouse gas emissions
Nasdaq OSLO – Oil major Shell (RDSa.L) teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday. Shell has been active in oil and gas extraction on the Norwegian continental shelf for several decades, and like many of its peers sees offshore wind as a
Reuters NEW YORK/HOUSTON – A cadre of oil companies, seeing continued profits in shale, are mulling Royal Dutch Shell’s holdings in the largest U.S. oil field as the European giant considers an exit from the Permian Basin, according to market experts. The potential sale of Shell’s Permian holdings, located in Texas, would be a litmus test of whether rivals are
