Tag: Shell

• Monday, September 25th 2023 - 09:55 UTC

  Uruguay's Ancap awards all offshore exploration licenses open for bids

  

  Uruguay's state-run oil company Ancap has awarded all seven offshore oil and gas exploration licenses open for bids to four foreign companies: YPF (Argentina), APA Corp (United States), and Shell and Challenger Energy Group (CEG) (United Kingdom), it was reported in Montevideo.

• Wednesday, July 12th 2023 - 21:03 UTC

  Shell considers cutting oil and gas production “dangerous and irresponsible”

  

  Cutting oil and gas production would be “dangerous and irresponsible”, the boss of energy giant Shell has told the BBC. Wael Sawan insisted that the world still “desperately needs oil and gas” as moves to renewable energy were not happening fast enough to replace it.

• Wednesday, May 24th 2023 - 08:57 UTC

  Protestors storm shareholders meeting in London yelling “shut down Shell”

  

  Protestors yelling “shut down Shell” stormed the oil corporation giant annual shareholders meeting in London with security having to step in to protect board members. Proceedings were delayed as the protesters ran to the front of the room where executives were sitting on stage, and some demonstrators had to be carried out of the building by security.

• Wednesday, March 2nd 2022 - 09:03 UTC

  Major oil companies, Shell, BP, Equinor exiting interests in Russia

  

  Shell joined BP in announcing it will leave all its Russian operations, including a major liquefied natural gas plant, following on Moscow's invasion of Ukraine. Earlier BP also abandoned its share in Russian oil giant Rosneft, a move that could cost the British company over US$25 billion.

• Wednesday, September 22nd 2021 - 08:30 UTC

  Shell Oil is selling its US Permian assets to ConocoPhillips

  

  By Irina Slav for Oilprice.com – Oil super-major Shell is leaving the Permian with a divestment worth close to US$10 billion. The company said it will sell its assets in the shale play to ConocoPhillips for a total price of US$9.5 billion.

• Saturday, March 6th 2021 - 09:35 UTC

  Norway's Equinor, YPF and Shell will operate a block in North Argentine basin

  

  Norway's Equinor and YPF have entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block in the North Argentine basin, offshore Argentina.

• Friday, July 31st 2020 - 10:20 UTC

  Lack of political stability in Guyana is delaying expected oil output

  

  Guyana’s crude production has reached 100,000 b/d, 25% up on June, energy department director Mark Bynoe revealed even as the country continues to see an announcement on the 2 March, 2020 election results pushed further and further into the year.

• Saturday, May 2nd 2020 - 07:20 UTC

  Shell announced it was cutting its dividend for the first time since World War Two

  

  Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.

• Wednesday, October 23rd 2019 - 08:58 UTC

  Major pre-salt oilfields auction could raise some US$ 50 billion for Brazil

  

  An auction next month of oilfields in Brazil may be the priciest ever held, raising at least US$ 50 billion in licensing fees and compensation. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels of oil, almost twice as much as Norway’s reserves.

• Wednesday, October 16th 2019 - 07:27 UTC

  Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

  

  Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.