Shell news

Equinor and YPF will hold 35% equity in the CAN 100 block, located in the North Argentinian Basin, while Shell will hold the remaining 30%.

Shell has said that the marine 3D seismic survey, planned over the Resolution and Endeavour gas discoveries, is now anticipated to be acquired in February 2022 rather than 1Q21.

The agreement is for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea.

SBM Offshore and Shell have agreed an extension of the end of the contractual lease and operate period from December 2023 to December 2028.

Shell has said it will write down the value of oil and gas assets by US$3.5 billion to US$4.5 billion.

The Norwegian government has approved funding for the CO2 transport and storage project being developed by Equinor, Shell and Total.

Brunei Shell Petroleum Company Sdn. Bhd. has exercised the option to add exploration drilling of one deepwater well to the work scope of the Maersk Viking.

Shell has raised its dividend after easily beating quarterly profit forecasts, and named nine hubs for oil and gas production.

BP, Eni, Equinor, National Grid, Shell and Total have formed a new partnership, the Northern Endurance Partnership, to develop offshore carbon dioxide transport and storage infrastructure in the UK North Sea.

Shell’s Deepwater business has selected Bentley’s digital twin approach to streamline its capital projects process and accelerate time to first oil.