Assala Energy will operate Shell’s onshore Gabon assets upstream assets. At completion, some 430 local employees have transferred from Shell to Assala Energy.
The package of assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Area, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion.
AS Norske Shell has received consent for the use of Island Constructor for the start-up of well 6407/9-G-5 on the Draugen field.
Royal Dutch Shell plc has reached an agreement to sell its interest in the Corrib gas venture for up to US$1.23 billion.
C-Kore Systems have developed a new subsea technology designed to save the UKCS subsea industry time and money.
Royal Dutch Shell plc has announced the completion of two previously announced agreements that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.
Royal Dutch Shell CEO Ben van Beurden is to speak at the opening plenary session at SPE Offshore Europe 2017 which is being held in Aberdeen from 5 - 8 September 2017.
Shell has reached an agreement with Assala Energy Holdings Ltd to sell 100% of its Gabon onshore interests for US$587 million. The Sale & Purchase Agreement (SPA) is subject to certain conditions which include various approvals. Closing is expected in mid-2017.
According to Brand Finance, Shell remains the world’s most valuable oil and gas brand with a brand value of US$37 billion, up from US$31.6 billion last year.
The company has been awarded a multi-country award in the UK, Ireland and Norway, to provide all cased hole logging services and analysis within scope of supply for Shell’s operations in these regions.