Shell news

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.

Stork will provide all daily maintenance and rapid response services as well as deliver engineering, project and turnaround-related services for three onshore production areas in the Netherlands.

Following the transaction, the PGNiG Group’s own gas production in Norway will increase to 0.9 billion m3 in 2021.

Under the terms of the agreement, Shell will acquire Kosmos’ participating interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia, and South Africa.