Shell Archives - Page 21 of 24

Statoil, Shell and Total will Move Forward Carbon Storage on the Norwegian Continental Shelf

October 2, 2017

Norske Shell (ticker: RDSA), Statoil (ticker: ASA), and Total E&P Norge (ticker: TOT) have signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf. The CO2 project has a capacity of approximately 1.5 million tons per year for the first phase. The project is designed to accommodate additional CO2 volumes to stimulate new commercial

EnerCom Announces Speakers and Agenda for The Oil & Gas Conference® 22 in Denver – August 13-17, 2017

August 2, 2017

Presenters added to EnerCom’s Oilfield Tech & Innovation Day – Aug. 17, 2017 EnerCom has announced the speakers and agenda for The Oil & Gas Conference® 22 on August 13-17, 2017, in Denver, at the Westin Denver Downtown. The four-day conference will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as

Oil & Gas Consolidations Move Ahead

July 5, 2017

BHI, GE, Shell, Halliburton make, wrap deals Baker Hughes-GE complete $32 billion mega-deal; combined business began trading today under new symbol: BHGE Baker Hughes, a GE company (ticker: BHGE) completed its combination of GE Oil & Gas with Baker Hughes Inc. The combined company becomes the world’s second largest oilfield services company, fitting between Schlumberger at the top of the

Exempted Nigeria Returns 20% of OPEC’s Cuts to Market

June 7, 2017

Shell lifts force majeure on Forcados oil in Nigeria Royal Dutch Shell (ticker: RDSA) lifted force majeure on exports of Nigeria’s Forcados oil grade, returning about 250 MBOPD to world markets, according to shipment data obtained by Bloomberg. Europe’s largest oil company placed the crude grade under force majeure – meaning the company could miss contractual obligations due to circumstances

Canadian Natural Resources Pays Shell, Marathon $8.24 Billion

May 31, 2017

CNQ finalizes acquisition of 70% of Athabasca Oil Sands Project Canadian Natural Resources Limited (ticker: CNQ) announced today that it has completed the acquisition of 70% of the Athabasca Oil Sands Project. The remaining 30% of the working interest is broken down between Chevron Canada Limited—which retains 20% and Shell Canada Limited—which retains 10%, according to a press release on

Shell Divests $7.3 Billion Worth of Oil Sands, Ties Executive Bonuses to Carbon Emissions

March 9, 2017

Shell exits upstream oil sands operations, but keeps its refineries Royal Dutch Shell (ticker: RDSA) announced Thursday the signing of two agreements that will see all of the company’s in-situ and undeveloped oil sands interest in Canada old and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%, according to a press release put out

Shell Selling North Sea Assets to Chrysaor for $3.8 Billion

January 31, 2017

Deal will make Chrysaor one of the largest UK oil and gas producers Royal Dutch Shell (ticker: RDSA) has agreed to sell a package of UK North Sea assets to privately held UK producer Chrysaor for a total of up to $3.8 billion, including an initial consideration of $3.0 billion and a payment of up to $600 million between 2018-2021 subject

Shell Announces New CFO

December 15, 2016

Jessica Uhl to succeed Simon Henry as Chief Financial Officer Royal Dutch Shell (ticker: RDSA) announced today that, after more than seven years in the role, Simon Henry will conclude his service as CFO of the company and will be succeeded by Jessica Uhl. Simon Henry will remain on the board as CFO until March 9, 2017 and sign the 2016 annual

Shell Targets Growth from Deep-Water Production, Starts Oil Production from Malikai Tension-Leg Platform in Malaysia

December 14, 2016

Shell’s first TLP outside the Gulf of Mexico Malikai employs a tension leg platform (TLP), a vertically floating structure moored by groups of tethers (tendons) at each corner. The groups of tendons are held upright in tension, giving the platform its name. Production wellheads on deck (connected directly to the subsea wells by rigid risers), instead of on the seafloor,

Shell to Tie Executive Bonuses to Greenhouse Gas Goals

December 6, 2016

From CBC/Reuters Ten per cent of bonus payments to Shell executives, including CEO Ben van Beurden, will be linked to “greenhouse gas management.” Royal Dutch Shell plans to link part of its executive bonuses to greenhouse gas emissions and conduct more active screening of future investments to further efforts to reduce the energy group’s carbon footprint, its CEO told Reuters.

Shell Reports $2.8 Billion Profit, but Management Says Global Outlook Remains Uncertain

November 1, 2016

Shell posts the largest profit of any major yet in Q3, but management said the industry isn’t out of the woods yet Royal Dutch Shell (ticker: RDSA) reported a larger profit than any of the other international oil majors to release third-quarter numbers so far – reporting $2.8 billion Tuesday. The higher than expected earnings were a welcome surprise after

Shell Divests Shale Assets in Western Canada for $1 Billion

October 21, 2016

Shell sells non-core assets to Tourmaline Oil Corp. for US$1.04 billion Royal Dutch Shell (ticker: RDSA) announced that its Canadian subsidiary has sold approximately 206,000 net acres of oil and gas properties, three 100%-operated gas plants and 719 kilometers (447 miles) of pipelines for US$1.04 billion (C$1.37 billion). The consideration is comprised of US$758 million in cash and shares in

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