Shell news
Over 30 companies interested in Guyana crude marketing contract
The companies interested in marketing the Guyanese government's share of the country's crude include ExxonMobil, Shell, Equinor, Total, Petrobras, Saudi Aramco, Lukoil and PetroChina.
Pharos Energy withdraws interest in Shell's Western Desert assets
The company cited current market conditions for its withdrawal from a consortium evaluating the acquisition of Shell's upstream portfolio in the Western Desert in Egypt.
Maersk Drilling receives notice of contract termination from Shell and Aker BP
BG International, a subsidiary of Shell, and Aker BP have terminated contracts for the Maersk Developer and the Maersk Reacher respectively.
Shell invests in Surat gas project
The company is investing in Arrow Energy's Surat gas project in Queensland, Australia.
Shell aims for net zero emissions by 2050 at latest
The company is aiming to align itself with the goals of the Paris Agreement on climate change.
Shell withdraws from Meretoyakhaneftegaz JV with Gazprom Neft
The joint venture between the two companies was set up to develop licence blocks in Russia's Yamal peninsula.
Shell extends Petrojarl Knarr FPSO contract with Altera Infrastructure
The contract has been extended until at least March 2022.
Total makes divestments in Brunei, Sierra Leone and Liberia
The divestments include the sale of Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in Block CA1 offshore Brunei, to Shell.
Shell updates 1Q20 outlook
Shell has said that post-tax impairment charges in the range of US$400-800 million are expected for 1Q20.
Global E&P CAPEX to reach 13-year low in 2020, predicts Rystad Energy
Global CAPEX for exploration and production firms (E&Ps) is expected to drop by up to US$100 billion this year, according to Rystad Energy.