Post Tagged with: "shell"

Source: Reuters

National security review stalls sale of Shell U.S. refinery to Mexican state oil firm

Reuters


HOUSTON – A national security review has delayed the sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexico’s national oil company Petroleos Mexicanos (Pemex), Shell said on Tuesday.

Shell in May disclosed a sale of …

Source: CNBC

Oil giant Shell strikes deal to buy power from ‘world’s largest offshore wind farm’

CNBC


Shell said Wednesday it had signed a deal to purchase power from a development dubbed “the world’s largest offshore wind farm.”

The 15-year power purchase agreement relates to 240 megawatts from Dogger Bank C, the third and final phase …

Source: Reuters

Shell launches shareholder talks to win backing for HQ move, sources say

Reuters


LONDON – Royal Dutch Shell has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote.

November 23, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Ocean News

Shell and Baker Hughes to collaborate on energy transition, net-zero emissions solutions

World Oil


Shell Global Solutions and Baker Hughes have signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and …

Source: CNBC

Shell teams up with Norsk Hydro to work on green hydrogen projects

CNBC


Norsk Hydro and fossil fuel giant Shell are to look into the potential of joint projects focused on green hydrogen production.

In an announcement Tuesday, Norway’s Hydro said a memorandum of understanding had been signed between the two parties.…

Source: Reuters

Shell and Norsk Hydro team up for green hydrogen

Reuters


OSLO – Royal Dutch Shell and Norsk Hydro are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday.

The …

Source: Reuters

Shell resumes oil exports at Mars and Ursa in the Gulf of Mexico

World Oil


Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 …

November 5, 2021 - 3:50 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Shell says break-up of group would not work in real life

Shell says break-up of group would not work in real life

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 …

Source: World Oil

Shell may restart hurricane-hit Gulf platforms ahead of schedule

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 …

Source: Reuters

Shell flags $400 million hurricane hit, but boost from soaring prices

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 …

Shell reports structural damage to West Delta facilities from Hurricane Ida

Shell reports structural damage to West Delta facilities from Hurricane Ida

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 …

September 20, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Shell begins redeploying personnel to platform in Gulf of Mexico

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 …

September 9, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore, People
Source: Reuters

Shell commits to power Malaysian offshore platform with solar and wind energy

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, …

Source: Reuters

Shell invests in the Whale Development in the Gulf of Mexico

Shell Invests in the Whale Development in the Gulf of Mexico Canada NewsWire …

Source: Reuters

Shell unveils carbon capture project in Canada’s Alberta province

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 …

Source: Reuters

EXCLUSIVE Shell plans to exit California joint venture with Exxon Mobil -sources

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, …

Source: Reuters

Shell urged to drop appeal over landmark climate ruling

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 …

Source: Nasdaq

Shell plans to bid in Norway’s 1st offshore wind tender

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 …

Source: Reuters

Interest in Shell’s Permian assets seen as a bellwether for shale demand

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 …

Source: Reuters

Shell weighs blockbuster sale of Texas shale assets

Reuters


LONDON/NEW YORK – Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as …

June 14, 2021 - 11:00 am Uncategorized
Source: Reuters

Shell weighs shut Louisiana refinery’s future as Baton Rouge firm promotes bid

Reuters


Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after a Baton Rouge investor said over the weekend his $1.25 billion offer was not accepted.

American Clean Energy Refining …

Source: Fox Business

Shell to sell interest in Deer Park refinery to partner Pemex

Fox Business


HOUSTON/MEXICO CITY – Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its …

Source: Reuters

Shell exits Philippine gas field in $460 million deal

Reuters


LONDON -Royal Dutch Shell has agreed to sell its stake in an offshore gas field in the Philippines for $460 million as part of its strategy to narrow its oil and gas operations.

Shell sold its 45% stake in …

Source: Reuters

Shell’s oil trading earnings double in 2020 to $2.6 billion

Reuters


LONDON – Royal Dutch Shell’s 2020 earnings from trading crude oil and refined products doubled from the previous year to $2.6 billion, helping to offset a sharp drop in fuel demand due to the coronavirus pandemic.

Shell’s oil trading …

Source: Reuters

Shell’s 2020 carbon emissions fall on the back of fuel sales drop

Reuters


LONDON – Royal Dutch Shell, owner of the world’s largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic.

hell said …

Source: Reuters

Shell pushes back Deer Park, Texas, refinery restart to March 13: sources

Reuters


HOUSTON  – Royal Dutch Shell Plc pushed back the restart of its 318,000 barrel-per-day (bpd) joint-venture Deer Park, Texas, refinery to March 13, said sources familiar with plant operations on Monday.

Shell spokesman Curtis Smith declined comment.

Shell had …

Source: Reuters

Global LNG demand expected to almost double by 2040: Shell

Reuters


LONDON – Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.

Demand was 360 million tonnes last year, up slightly from …

February 25, 2021 - 10:00 am Carbon Capture, Closing Bell Story‎, Energy News, LNG
Source: Reuters

With oil past peak, Shell sharpens 2050 zero emissions goal

Reuters


LONDON – Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.

The Anglo-Dutch company is in the midst of its

Source: Reuters

Shell targets power trading and hydrogen in climate drive

Reuters


LONDON – Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company …

ConocoPhillips Makes Large Oil Discovery Offshore Norway

ConocoPhillips Makes Large Oil Discovery Offshore Norway

OilPrice

ConocoPhillips has made a large oil discovery in the Norwegian Sea close to a producing oilfield, the U.S. oil and gas company said on Tuesday.

Preliminary estimates point to the field containing between 75 million barrels and 200 million …