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Montevideo, May 21st 2019 - 19:18 UTC

Tag: Shell

  • Friday, May 10th 2019 - 09:11 UTC

    Shell to invest US$ 2bn annually in Brazil until 2025

    Shell will not focus its operations and investments only in the oil sector, and will pursue opportunities in natural gas, biofuels, and solar energy, van Beurden said

    Shell plans to invest as much as US$2 billion annually in its Brazilian operations by 2025, Shell’s chief executive officer Ben van Beurden told Brazilian business daily Valor Economico in an exclusive interview published on Thursday.

  • Wednesday, April 17th 2019 - 09:56 UTC

    Qatar Petroleum wins five offshore blocks in Argentina's South Atlantic basins

    QP won the exploration rights for blocks MLO-113, MLO-117, and MLO-118 in the Malvinas West basin as part of a consortium comprising Exxon Mobil affiliate

    Qatar Petroleum (QP) has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. The winning bids were announced on Tuesday by Argentina’s Secretariat of Government of Energy (“SGE”) at the end of a public tender process that started in November 2018.

  • Saturday, April 6th 2019 - 09:17 UTC

    Dutch campaigners hand Shell a lawsuit forcing it to meet Paris climate accords

    Dozens of chanting activists went to the Anglo-Dutch firm's base in The Hague, where they delivered a legal summons with a court date set for Apr 17.

    Climate campaigners marched to Shell's headquarters in the Netherlands on Friday and handed the oil giant a lawsuit aimed at forcing it to meet targets in the Paris accord. Dozens of chanting activists went to the Anglo-Dutch firm's base in The Hague, where they delivered a legal summons with a court date set for Apr 17.

  • Wednesday, March 13th 2019 - 08:34 UTC

    Shell agrees offshore oil exploration contracts in Colombia

    Shell will explore blocks COL 3 and GUA OFF 3, which cover about ​​880,000 hectares.

    Colombia’s government announced it had signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of US$ 100 million.

  • Friday, September 28th 2018 - 08:47 UTC

    Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

    The auction for four blocks in the Santos and Campos basins comes just a week before presidential polls featuring some candidates seeking to slow oil auctions

    Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.

  • Tuesday, September 25th 2018 - 08:37 UTC

    Argentina plans offshore licensing round in the South Atlantic next October

    This will be the first big exploration effort in Argentina since 1991, with only sporadic attempts since.

    Argentina plans to launch a delayed offshore licensing round in October as it seeks to explore a large frontier region in the South Atlantic for potential oil and natural gas production growth in the future. This was announced to oil executives in Houston by Argentina's energy secretary Javier Iguacel.

  • Friday, August 31st 2018 - 08:22 UTC

    BP, Shell, Total to bid in Brazil's pre-salt auction

    Brazil is offering four blocks in this auction—Saturno, Titã, Pau-Brasil, and Sudoeste de Tartaruga Verde—in the Campos and Santos basins

    Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP announced on Wednesday.

  • Wednesday, April 25th 2018 - 08:59 UTC

    Brazilian company buys Shell downstream assets in Argentina

    Raízen besides 645 gas stations is also acquiring a refinery in Buenos Aires, LPG and aviation fuel terminals and a lubricant plant, among others

    Brazil’s Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell for US$ 950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio and Shell, will have a 20% market share in fuel distribution in Argentina.

  • Tuesday, April 24th 2018 - 08:42 UTC

    Brazil poised for historic oil boom

    A range of analyst and oil company estimates put the breakeven price for pre-salt fields at less than US$ 40 per barrel compared to US$ 45 seven years ago.

    By Mathew Smith<br />
    <br />
    After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

  • Tuesday, January 30th 2018 - 10:00 UTC

    Petrobras to join the Oil and Gas Climate Initiative

    The OGCI is the CEO-led grouping of oil and gas companies that intends to lead the industry’s response to climate change

    The Oil and Gas Climate Initiative (OGCI) and Petrobras announced that the Brazilian company will join the initiative. This commitment is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras board of directors.

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