Tag: Shell

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.
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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.
Tuesday, October 1st 2019 - 09:47 UTC
Brazil's newest oil auction attracting oil majors

Brazil’s newest oil auction is attracting some of the world’s biggest oil majors such as BP, Chevron, CNOOC, ExxonMobil, and Shell, the Brazilian government said on Monday, according to Bloomberg.
Friday, September 6th 2019 - 09:53 UTC
Major oil companies billions in investments incompatible with Paris climate accord, claims energy think-tank

Major oil companies have approved US$50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.
Friday, May 10th 2019 - 09:11 UTC
Shell to invest US$ 2bn annually in Brazil until 2025

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

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

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

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.