Shell news
African Energy Chamber: European travel bans restraining recovery efforts
The African Energy Chamber has said that the ongoing travel bans and restrictions of visa issuance are preventing many projects from moving forward and contributing to the recovery of the continent.
Shell's revised 2Q20 outlook warns of impairments of up to US$22 billion
The impairment charges anticipated are based upon the company expecting the price of Brent to be average approximately US$35/bbl in 2020 and the Henry Hub gas spot price US$1.75/MMBtu.
Shell awards FPSO decommissioning contract to AF Gruppen
The Curlew FPSO operated in the North Sea.
Shell starts sale of sale of stakes in Norwegian assets: document
The company is selling its 6.45% interest in the Kvitebjorn field and pipeline and its 3.225% interest in the Valemon Unit and Valemon Rich Gas Pipeline, according to a document seen by Reuters.
Shell redelivers Havila platform supply vessel early
Havila Shipping has said it and Shell have different views on the obligation of Shell in a charter party based on two wells.
Equinor, Shell and Total to invest in Northern Lights CCS project
The three companies have submitted plans for development and operation of the carbon capture and storage project to Norway's Ministry of Petroleum and Energy.
Shell sells Appalachia shale gas assets to National Fuel
The transaction includes the transfer of approximately 450 000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities.
Kazakhstan makes output cuts
Kazakhstan has pledged to cut its output by 390 000 bpd in May and June.
Shell releases 1Q20 results
Shell's 1Q20 net income fell 46% from a year earlier to US$2.9 billion.
Shell delays making decision on North Sea and Gulf of Mexico projects
The company is delaying final investment decisions (FIDs) on the Jackdaw natural gas field in the North Sea and the Whale deepwater oil discovery in the Gulf of Mexico.