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. Cynergy Group, an investment firm based in Cyprus, is looking to spend between $5 billion and $10 billion in the
Energy Transfer, Shell Issue Invitation to Tender for Lake Charles LNG Project
Shell Announces Deep-Water Discovery in Gulf Of Mexico
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 Group Ltd (Delek). The total consideration for this deal is $965 million in cash. The field is operated by Anadarko
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 of pressure from sanctions imposed by the United States, while for Gazprom it could mean limited access to Shell’s technology
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 the initial stages of developing its vast shale gas resources, with production last year making up just 6 percent of
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 what Shell and its customer, Tokyo Gas Co., said Friday is the world’s first such contract, the 10-year deal includes a pricing
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 from 2016 to 2018. That’s an important metric — taking first place was a significant element in the doubling of Shell Chief Executive Officer Ben van
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 and launched a permanent bidding process in an effort to boost its long-stagnant oil sector. Neither the companies nor the
From Reuters Royal Dutch Shell said on Tuesday it will start drilling an exploration well in a block off Bulgaria’s Black Sea coast next month for oil and gas. Shell has teamed up with Spain’s Repsol and Australia’s Woodside Energy after sealing a contract with Bulgaria in 2016 for deepwater exploratory drilling as part of Sofia efforts to end its
From The Wall Street Journal Royal Dutch Shell PLC and Energy Transfer LP said they are pursuing plans to convert a liquefied-natural-gas import facility in Louisiana into an export terminal, a bet that the future of U.S. shale gas lies in selling it for higher prices in overseas markets. Shell and Energy Transfer said they are putting contracts out for
From Reuters Sanctions on Venezuela’s oil industry have made winners out of Gulf of Mexico offshore heavyweights Royal Dutch Shell Plc and BP Plc as U.S. refiners in need of substitutes are scooping up oil produced in the region. The two major oil companies produce notable amounts of crude oil that refiners have settled on as the immediate replacement for
