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Shell awarded Transocean 10-year contracts for four newbuild dynamically positioned ultra-deep-water drillships.
Highlights
The contracts are valued at $7.6 billion against an aggregate capital investment of $3 billion, excluding capitalized interest.
Shipyard delivery for the first rig is scheduled for...
Shell awarded Transocean 10-year contracts for four newbuild dynamically positioned ultra-deep-water drillships.
Highlights
Offering highlights:
Bloomberg reports,
Shell said the flaring of gas in Nigeria dropped by more than 60% from over 0.6 Bcf/d to about 0.2 Bcf/d
Shell has 17 gas projects, including the integration of the Forcados oil and gas development, which will start in Q1-2015
About 45% of Nigerias domestic gas demand is provided by Shell,...
Bloomberg reports,
In its Q2-2012 results announcement, Royal Dutch Shell CEO Peter Voser said, “We are moving forward in volatile times. Our profits have fallen with energy prices, but our growth strategy is delivering to the bottom line".
Highlights of Q2-2012
Earnings were $6 billion compared to $8 billion in Q2-2011, down...
In its Q2-2012 results announcement, Royal Dutch Shell CEO Peter Voser said, “We are moving forward in volatile times. Our profits have fallen with energy prices, but our growth strategy is delivering to the bottom line".
Hess Corp signed an agreement with Shell to divest its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (SAGE) for $525 million.
Post-transaction, Shell's WI increase in the fields
Beryl, Nevis Central, Nevis North, Nevis Far North, Nevis South Cormorant, Loirston, Ness and Ness South -...
Hess Corp signed an agreement with Shell to divest its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (SAGE) for $525 million.
Post-transaction, Shell's WI increase in the fields
Asset highlights
Recent production metrics for North Sea transactions
Reuters reported that Shell scrapped its plans for a CBM gas project near Canada's Pacific Coast, in the face of local opposition and unprofitability of CBM development, given the weak natural gas prices. This ends an eight-year battle over development in the Klappan area.
Highlights
Shell agreed to relinquish land...
Reuters reported that Shell scrapped its plans for a CBM gas project near Canada's Pacific Coast, in the face of local opposition and unprofitability of CBM development, given the weak natural gas prices. This ends an eight-year battle over development in the Klappan area.
Highlights
The BC authorities further announced that it will not issue any more drilling rights in the Klappan area, which the local aboriginal community identified as having special cultural and spiritual significance.
Shell drilled three exploration wells in the Klappan. The company's plans for a CBM project, announced in 2004, brought on opposition from native groups and environmentalists. Following protests, in 2008 the government imposed a moratorium on development that was due to expire soon.
Shell, Petronas and ConocoPhillips announced that a Final Investment Decision has been made to develop the deep-water Malikai oil field, offshore Malaysia.
About Malikai
Reuters reports:
Shell non-executive Director Christine Morin-Postel is to retire at the 2013 Annual General Meeting to be held on 21-May-2013.
Ms. Morin-Postel previously served as a member of the Supervisory Board at Royal Dutch Petroleum.
View original article
Reuters reports:
Shell non-executive Director Christine Morin-Postel is to retire at the 2013 Annual General Meeting to be held on 21-May-2013.
Ms. Morin-Postel previously served as a member of the Supervisory Board at Royal Dutch Petroleum.
Reuters reports,
Shell intends to abandon licences, LNGDA and Area 89
Extensive seismic and drilling campaign, provided disappointing results
Further exploratin can not be economically justified
Company still intends to actively pursue new upstream opportunities
View original article
Reuters reports,
Shell's gas flaring in Nigeria has reduced from 0.6 Bcf/d to 0.2 Bcf/d, a by drop of more than 60% in the past 10 years
This required a combined investments of $3 billion in related infrastructure since 2002-2011
Shell subsidiary SPDC is the largest gas provider to the Nigerian domestic market with a share of...
Reuters quoted Shell CEO Peter Voser:
"Given the macroeconomic downturn at this stage, I think you will clearly see a lower oil price compared to the last 18 months. I see the oil price soft in the second half".
View original article
Reuters quoted Shell CEO Peter Voser:
"Given the macroeconomic downturn at this stage, I think you will clearly see a lower oil price compared to the last 18 months. I see the oil price soft in the second half".
Reuters reports:
Shell halted oil drilling in the Chukchi Sea in the Arctic on Monday, just one day after starting, as sea ice encroached on its drill ship, the company said in a statement.
The statement also said, "Once the ice moves on, the Noble Discoverer (drilling ship) will re-connect to anchors and continue...
Reuters reports:
Shell halted oil drilling in the Chukchi Sea in the Arctic on Monday, just one day after starting, as sea ice encroached on its drill ship, the company said in a statement.
The statement also said, "Once the ice moves on, the Noble Discoverer (drilling ship) will re-connect to anchors and continue drilling".
Shell won a temporary permit to drill in offshore Alaska just days ago. In light of the delays, Shell has asked the government to extend its oil drilling season beyond the 24-Sep-2012 deadline.
Royal Dutch Shell published its financial statement for Q3-2012.
Shell announced that its drillship, Kulluk, continues to remain grounded on the south-east shoreline of Sitkalidak Island, offshore Alaska. The drillship ran aground on 31-Dec-2012 due to severe weather conditions.
Kulluk holds on board ~526,000 liters of ultra low sulfur diesel and 45,400 liters of combined lube oil and...
Shell announced that its drillship, Kulluk, continues to remain grounded on the south-east shoreline of Sitkalidak Island, offshore Alaska. The drillship ran aground on 31-Dec-2012 due to severe weather conditions.
Kulluk holds on board ~526,000 liters of ultra low sulfur diesel and 45,400 liters of combined lube oil and hydraulic fluid.
Preliminary assessments by the US Coast Guard have not detected any leaks. The Coast Guard said that it is still in the process of ascertaining the drillship's current conditions.
View Shell's Unified Command Update #14
View Shell's Unified Command Update #13
Shell awarded Technip the EPIC contract for the Gannet F Reinstatement project in the North Sea.
The contract comprises the replacement of the Gannet F flowline at the Gannet Alpha platform. The scope of the contract includes:
Fabrication and pipelay of an 11.8 km pipe-in-pipe
Installation of 4.5" gas lift...
Shell awarded Technip the EPIC contract for the Gannet F Reinstatement project in the North Sea.
The contract comprises the replacement of the Gannet F flowline at the Gannet Alpha platform. The scope of the contract includes:
Technip’s operating center in Aberdeen, Scotland will execute the contract, which is scheduled to be completed in H2-2013. Technip’s pipelay vessel, Apache II, will be used for the offshore campaign.
Zawaya reports:
Abu Dhabi National Oil Company (ADNOC) has selected Shell to operate the Bab sour-gas field. Shell edged out Total to win the $10 billion deal.
Shell's proposal won over Total's bid because of its strategy to export the large amounts of sulphur produced at the field, while Total opted to re-inject...
Zawaya reports:
WSJ reports, quoting Shell's CEO Peter Voser
Reuters quoted Shell CFO Simon Henry:
"We have been speaking with InterOil over quite some period of time. Yes, it (Papua New Guinea) is a country that is of interest but... it is just one of the possible LNG projects that we are looking at".
InterOil has petroleum licenses covering about 3.9 million acres in...
Reuters quoted Shell CFO Simon Henry:
"We have been speaking with InterOil over quite some period of time. Yes, it (Papua New Guinea) is a country that is of interest but... it is just one of the possible LNG projects that we are looking at".
InterOil has petroleum licenses covering about 3.9 million acres in Papua New Guinea.
InterOil, which plans to build a 9 million metric-ton-a-year LNG terminal in Papua New Guinea at the cost of $6 billion, wants to sell a 25% stake in the project.
Shell, in its Q3-2012 earnings presentation, revealed progress on its major projects.
Northern Petroleum Plc announced that Shell spudded GM-ES-3 in the Guyane Maritime Permit, offshore French Guiana.
The objective of the well was to test the Priodontes Prospect and provide further geological data critical to gaining a better understanding of the potential of this area as a new offshore oil province.
This is the second of the four-well drilling program. This drilling program was committed to, after the Zaedyus oil discovery was made.
Ownership structure: Shell (45%, operator), Total (25%), Tullow Oil (27.5%), Wessex Exploration (1.25%), Northern Petroleum (1.25%)
