Shell Adds Material Acreage To Its Deep-water Position In Brazil
September 28, 2018
Shell Adds Material Acreage To Its Deep-water Position In Brazil
Global Gas Continues to Shape the Future of Big Oil
June 25, 2018
From Bloomberg Big Oil’s fortunes are becoming tied more closely to natural gas than ever before. Majors including Royal Dutch Shell Plc and BP Plc have boosted their proportion of gas output in recent years, helping them trim Exxon Mobil Corp.’s lead as the world’s most valuable oil company. Meanwhile Chevron Corp. added two giant Australian liquefied natural gas projects
Shell Reports “Starship” Fuel Efficiency after California-to-Florida Test Run on I-10
June 6, 2018
From CCJ Shell Lubricants and Airflow Truck Company announced the results of the Starship Initiative demonstration run, a six-day, 2,410-mile trip along Interstate 10 from San Diego to Jacksonville, Fla. While the Starship’s fuel economy averaged 8.94 mpg, it achieved a freight ton efficiency average of 178.4 ton-miles per gallon, a 248 percent improvement over the on-highway Class 8 industry
Kaikias Starts One Year Early
May 31, 2018
Shell is projecting estimated peak production of 40 MBOEPD from Kaikias Shell Offshore, Inc. (ticker: RDS.A) started production early at the first phase of the Kaikias project, a subsea development in the U.S. Gulf of Mexico with estimated peak production of 40,000 BOEPD. Shell has reduced costs by around 30% at this deep-water project since taking the investment decision in
PETRONAS Back In: Buys 25% of LNG Canada
May 31, 2018
Malaysian energy company PETRONAS is apparently back as an active LNG player in Canada, with the announcement today that it is buying a 25% equity stake in LNG Canada. LNG Canada is a proposed natural gas export project that is planned for Kitimat, British Columbia, Canada. The move was unexpected after PETRONAS withdrew from the $36 billion Pacific NorthWest LNG
Oil Hits $80 But Nigeria Loses 200,000 BOPD as Shell Declares Force Majeure
May 18, 2018
From The Cable Goood news: oil prices hit $80 a barrel on Thursday for the first time since November 2014. Bad news: Shell Petroleum Development Company (SPDC) on Thursday declared force majeure on the exports of Nigeria’s major crude oil, the Bonny Light, effectively cutting off sales of around 250,000 barrels per day (b/d) of the country’s crude from the market. Brent crude,
Shell Selling All 98 Million Shares of Canadian Natural Resources for $3.3 Billion
May 8, 2018
From CBC Shell obtained the shares last year when it sold its oil sands properties Royal Dutch Shell is selling its entire stake in Canadian Natural Resources for $3.3 billion US. The Dutch oil giant says it will use proceeds of the sale of almost 98 million shares — about eight per cent of the company — to pay down debt.
Shell Expects its Deepwater GOM Project Vito will Break Even at Sub-$35 Oil
April 24, 2018
Royal Dutch Shell’s (ticker: RDS.A) Shell Offshore Inc. finalized its investment decision for the deep-water development, Vito, located in the U.S. Gulf of Mexico. The company said it estimates a forward-looking, breakeven price to be less than $35 per barrel. Vito will be Shell’s 11th deep-water host in the Gulf of Mexico and it is currently scheduled to begin producing
Shell Made $59 Billion in Total Payments to Governments in 2017
April 9, 2018
Shell’s payments for upstream were $22.4 billion All in, including upstream, LNG activities and refining operations, in 2017 Shell (ticker: RDS.A) said it paid in total more than $59.1 billion to governments. “We paid $6.3 billion in income taxes and $3.7 billion in government royalties, and collected $49.1 billion in excise duties, sales taxes and similar levies on our fuel
Brazil’s 15th Offshore Bidding Round Sets a Record
April 2, 2018
Brazil’s 15th Bidding Round raised over USD$2.4 billion – this sets a new record for Brazil’s auctions. According to the Brazilian National Petroleum Agency, the 15th round will generate investments of USD$361.6 million in the first/exploration phase of the concession contracts alone. Brazil said that 22 offshore blocks were acquired out of the 47 offered. However, there were no offers
Shell Announces Top Leadership Changes in North America
March 27, 2018
Shell Oil Company President and U.S. Country Chair Bruce Culpepper and EVP Unconventionals Greg Guidry to step down Former Maersk CEO to take over both roles Royal Dutch Shell (ticker: RDS.A) announced changes to the very top of its U.S. leadership team. After more than 37 years of Shell service, Shell Oil Company President and U.S. Country Chair Bruce Culpepper
Shell Risks Losing Gas Race as Japanese Rival Inpex Targets Shared Resource
March 15, 2018
Shared volumes could be big: Inpex’s Ichthys LNG project says it’s targeting 12 Tcf, Shell’s Prelude LNG targets 3 Tcf From Bloomberg Shared reservoir benefits first producer to pump gas: WoodMac After a decade planning the world’s largest floating gas export plant, Royal Dutch Shell Plc’s supplies could get tapped by a competitor first. Shell and Japan’s Inpex Corp. are both targeting gas from
