
A federal judge in Rio de Janeiro issued a preliminary injunction suspending the 12% crude oil export tax for five international companies operating in Brazil: Shell, TotalEnergies, Equinor, Repsol Sinopec and Petrogal. The ruling represents an initial court victory for the oil companies in their dispute with President Luiz Inácio Lula da Silva's government over a levy they consider unconstitutional.

QatarEnergy and Chevron have formally entered as non-operating partners in offshore hydrocarbon exploration blocks off Uruguay's coast, in areas operated by Shell, state energy company Ancap announced. The incorporation of two of the world's largest energy companies reinforces international interest in Uruguay's offshore petroleum potential, a frontier exploration area that has gained prominence over the past two years.

Venezuela’s acting president Delcy Rodriguez met on Monday in Caracas with representatives of oil companies including Repsol, Chevron and Shell to discuss a hydrocarbons law reform now moving through the National Assembly, as her government seeks to attract private and foreign investment. The meeting took place at PDVSA facilities and forms part of a mandatory public consultation phase after the bill cleared its first legislative debate.

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.

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.

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.

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.

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.

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.

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.