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Shell Pulls Out Of Arctic-Focused Exploration Oil Licensing Round In Norway

April 5, 2016

Oil major Royal Dutch Shell has pulled its application from Norway’s Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country’s ambitions to explore for oil and gas in its northern offshore areas. “The decision is part of an optimisation of Shell’s global portfolio following the acquisition of BG… Continue Reading »

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Shell’s GameChanger Program: Turning Frogs into Princes

March 30, 2016

Royal Dutch Shell plc established its reputation for ground-breaking innovation with the design and construction of the world’s first commercial liquefied natural gas (LNG) plant in Algeria in 1964. Today, the need to be ever more innovative is crucial, given the crash in oil and gas prices, which is forcing extreme cuts throughout the industry… Continue Reading »

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Shell, Total Mull LNG Terminal Projects in the Philippines

March 28, 2016

A longstanding plan by the Philippines to build liquefied natural gas (LNG) terminals to help the country diversify its energy mix and to address a more pressing issue posed by depleting resources at its only major gas field were given a nudge forward recently by two European majors. Royal Dutch Shell plc and France’s Total… Continue Reading »

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Indonesia Rejects Inpex’s Mega Floating LNG Project, Wants To Stay Onshore

March 24, 2016

Indonesia’s president on Wednesday rejected Inpex Corp and Royal Dutch Shell’s proposal to build the world’s largest floating liquefied natural gas plant in the country’s east, saying an onshore plant would benefit its economy more. The announcement is a blow to the two energy firms, as well as to Indonesia’s energy regulator (SKKMigas), which warned… Continue Reading »

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Obama Said to Bar Atlantic Coast Oil Drilling in Reversal

March 16, 2016

The Obama administration is set to reverse course on opening Atlantic waters to a new generation of oil and gas drilling, after a revolt by environmentalists and coastal communities that said the activity threatened marine life, fishing and tourism along the U.S. East Coast. The proposed offshore leasing program expected to be released Tuesday walks… Continue Reading »

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Shell Says to Start New Exploration Phase in BC-10 Brazil Field

March 11, 2016

Royal Dutch Shell will start in coming days a new exploration phase in the BC-10 project off the coast of Brazil, where it has already invested more than $1 billion, the company’s chief executive in the country said in a presentation. Shell wants to keep investing in Brazil as the country has viable oil reserves… Continue Reading »

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Bulgaria Signs Deal with Shell for Deepwater Oil, Gas Exploration

February 24, 2016

Bulgaria contracted Royal Dutch Shell on Tuesday to explore a block off its Black Sea coastline for gas and oil as part of the Balkan country’s efforts to end its almost total dependence on Russia’s natural gas supplies. Shell won a tender for a 5-year permit for deepwater exploratory drilling at 1-14 Silistar block that… Continue Reading »

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Shell Pursues Transition Plan After Sealing $53B BG Deal

February 15, 2016

Royal Dutch Shell plc on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world’s top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of transition. The success or otherwise of the complex merger will define the legacy of… Continue Reading »

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Shell Wins Investor Approval to Buy BG, Sealing Biggest Deal

January 28, 2016

Royal Dutch Shell Plc won shareholder approval to buy BG Group Plc, sealing its biggest acquisition amid the worst oil-industry slump since the global financial crisis. More than 83 percent of Shell shareholders voted in favor of the transaction, the company said in a statement. Most votes were cast by proxy while other investors met… Continue Reading »

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