Shell news

The measures taken include a reduction of CAPEX to US$20 billion or below for 2020, from a planned US$25 billion.

Drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea took place to determine the suitability of the reservoir in the Johansen formation for CO2 storage.

The co-created roadmap will enable the conversion of prior agreed concessions into production sharing agreements under the provisions of the country's Petroleum Law.

Shell launched a process at the end of November 2019 to sell its onshore upstream assets in the Western Desert to focus on expanding its Egyptian offshore gas exploration.

The partnership will aim to fast-track innovation and streamline the adoption of applied technologies in areas such as marine robotics, advanced sensing, artificial intelligence and autonomous systems.

Following the agreement, Shell will assume the operation of the Fuerte Sur, Purple Angel and COL-5 blocks.

Grupo R is to lease the La Muralla IV platform for Shell to operate in the deepwaters of the Gulf of Mexico.

Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into the existing Schiehallion and Loyal subsea infrastructure and the Glen Lyon floating, production, storage, offload (FPSO) vessel.

The two companies have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province.

The agreement is in relation to UK offshore licences P1929 and P2304, which contain the Resolution and Endeavour gas discoveries respectively.