Operator · Canada Oil Sands, China Shale & Duvernay Shale
Shell plc
80 articles mentioning Shell plc · Page 2 of 4
Shell Second Quarter 2020 Results
Shell reported its second quarter 2020 results. Royal Dutch Shell Chief Executive Officer Ben van Beurden said: “Shell has delivered resilient cash flow in a remarkably challenging environment. We continue to focus on safe and reliable...
Shell Expects Impairment Charge of Up to $22 Billion for Q2
Shell has reported an update on several matters, including announcing an expected impairment charge related to several assets. $15-22 Billion Impairment Charge Expected in Q2 The company expects post-tax impairment charges in the range of $15...
Shell Restarts Vaca Muerta Ops After Halt Caused by Seismic Activity
After halting activity due to seismic activity, Shell has restarted operations at the Bajada de Añelo block in Argentina, according to a report by Reuters. The seismic activity, which was centered in the Andes Mountains near...
Shell Pulls Out of Lake Charles LNG Project; Energy Transfer Takes Over
Given current market conditions, Shell announced that it will not proceed with an equity interest in the proposed Lake Charles LNG project. Accordingly, Energy Transfer LP will take over as the project developer. Shell entered the...
Shell Taps Supertankers for Offshore Oil Storage as Price Volatility Continues
Royal Dutch Shell is making moves to utilize "supertankers" for offshore crude oil storage as it grapples with the after-effects of the failed OPEC meeting. According to a report by Reuters, Shell has reserved three two...
US Well Services to Deploy More Electric Frac Fleets; Talks 3Q19 Ops
US Well Services provided an update to its 3Q19 operations. Quick Read - Finalized a long-term contract for an electric fracturing fleet for work in the Northeast beginning in November 2019 - Averaged 8.4 fully-utilized fleets...
Shell Reports Q2 2019 Results; Gives Outlook for Third Quarter
Royal Dutch Shell reported its Q2 2019 results. Royal Dutch Shell Chief Executive Officer Ben van Beurden commented: "We have delivered good cash flow performance, despite earnings volatility, in a quarter that has seen challenging macroeconomic...
Shell to Invest $500MM Drilling in Deepwater Mexico
Shell plans to invest nearly ~$500 million in deepwater Mexico blocks after the country's oil regulator approved the plans, according to a report by Reuters. The drilling will take place in the Perdido Fold Basin as...
Shell Turns on Taps at GOM Appomattox Project Ahead of Schedule
Royal Dutch Shell has started up production at the Shell-operated Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water US Gulf of Mexico. Appomattox, which currently has an expected production...
Equinor Reports GOM Discovery at Shell-Operated Blacktip Prospect
Equinor has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico. The Blacktip exploration well has encountered more than 400 feet (122 metres) net oil pay with good reservoir and...
Shell, Sinopec Join Forces for China Shale Development
Shell has jointed forces with Sinopec for a new joint venture targeting China's unlocked shale deposits, according to a report by Reuters. Both companies confirmed the joint venture, but offered little details on specifics of the...
Shell Top Spender in Latest GOM Lease Sale with $94MM in Bids
Shell snapped up the majority of from the latest Gulf of Mexico lease sale, according to the Bureau of Ocean Energy Management's (BOEM) reports on the sale. The company bid a total of $94 million on...
Supermajors Lay Out Permian Plans for 2019; Rigs, Production, Activity
In their Q4 / Year-End 2018 conference calls, Shell, ExxonMobil and Chevron all gave insight as to what their plans are for the Permian in 2019. Here is a look at what to expect. ExxonMobil Exxon's...
Shell Names New Director of Upstream
Royal Dutch Shell has reported the appointment of Wael Sawan as Upstream Director The appointment will take effect on July 1, 2019. In his new role, Wael will become a member of the Executive Committee and...
Report: Shell Mulling $1.3B Sale of GOM Asset
Shell is in talks to sell its 22.5% stake in the Caesar Tonga field in the GOM, according to a report by Bloomberg. Focus Oil has been identified as the potential buyer of the asset. According...
Shell to Explore Offshore Mauritania; Signs Two-Block PSC
Shell has signed two Production Sharing Contracts (PSCs) with the government of Mauritania for the exploration and potential future production of hydrocarbons in the offshore blocks C-10 and C-19. Following the customary government approvals of the...
Shell, Mitsui Turn on Taps at GOM Kaikias Project One Year Ahead of Schedule
Shell has announced the successful start up of phase one of its Gulf of Mexico (GOM) Kaikias development in the Mars-Ursa basin offshore Louisiana.
Shell Makes Significant Discovery in the Deepwater GOM
Shell has reported a discovery in the Mississippi Canyon area of the deepwater Gulf of Mexico (GOM).
Shell Taps Former Maersk CEO as New EVP of Unconventionals
Shell has made some changes to its U.S. leadership team, including: EVP Unconventionals, Greg Guidry, will leave his role on June 31, 2018 Guidry will be succeeded by Gretchen Watkins, former CEO of Maersk Oil Watkins...
Shell, Anadarko Continuing Permian Partnership After Tense Year
Shell and Anadarko have seemingly 'reconciled' in the Permian Basin after numerous disagreements related to spending /operations in the region during the past year, according to reports.