British Shell, American APA and Argentine YPF Have Confirmed Their Interest in Searching For Oil Off The Coast of Uruguay
Uruguay’s state energy company ANCAP has signed contracts for four offshore blocks with three oil and gas players under the framework of the Open Uruguay Round, in effect since 2019. As a result, the British Shell, the American corporation APA and the Argentine national oil company (NOC) YPF will be …
British Shell Has Two North Sea Drilling Targets Planned for Next Year
Deltic Energy, a London-based oil and gas exploration company investing in the UK’s established hydrocarbon provinces, has significant interests in a number of highly prospective licenses in the southern and central North Sea and is Shell’s joint venture partner in the UK’s southern North Sea. Deltic Energy said the Selena …
Shell Finds Hydrocarbons in The Nile Delta
Shell Egypt has successfully drilled its first exploration well in the North East El-Amriya block in the Nile Delta. British Shell bought all shares in the Block 3 project in the Nile Delta from the American ExxonMobil and has already started drilling: the well has been drilled to a depth …
Pertamina and Petronas Close Deal to Buy Shell’s Stake in Indonesian Masela Asset
Indonesia’s Pertamina and Malaysia’s Petronas have closed a deal to acquire Shell’s 35% stake in the Masela natural gas field, which includes the Abadi project, the Indonesian state-owned company reports. Pertamina Hulu Energi Masela received 20% of the project from Shell Upstream Overseas Services Limited, while Petronas Masela received 15%. …
Oil Majors Begin Exploration Renaissance – WoodMac
Oil and gas exploration spending is recovering from pandemic lows. Wood Mackenzie reports that after record profits in 2022, oil majors have more courage, and the ESG agenda in many countries has faded into the background amid the energy crisis. Britain’s Shell and BP and France’s TotalEnergies said this year …
Shell Sold North Sea Field Despite Its Prospects
Shell sold the Cambo field project in the North Sea to Britain’s Ithaca Energy. The Kambo field is the second largest untapped oil and gas field in the UK North Sea. However, Shell believes that the time has come to part with such an asset by selling it to Britain’s …
Offshore Gas Production in Colombia Attracts Oil and Gas Majors
British Shell and Brazilian Petrobras have shown interest in expanding their participation in gas production projects on the shelf of the Latin American country. Shell and Petrobras are ready to work in Colombia even though the country’s current president wants to abandon fossil fuels and has stopped issuing new licenses …
Court in the Netherlands Rejects Claims Against Minimum Gas Production at the Groningen Field
Dismissed lawsuits against the government’s decision to allow a minimum level of gas production at the Groningen field in 2023, despite seismic risks. This was reported on August 30, 2023 by the Netherlands’ highest court. The Court ruled: the government was guided by security concerns when it decided to limit …
Shell Starts Development of Timi Field in Malaysia
Sarawak Shell Berhad (SSB, a subsidiary of Shell plc) has started natural gas production at the Timi field in Malaysia. This was reported by the press service of Shell. Timi field low-sulfur (sweet) gas field; opened in 2018; located approximately 252 km northwest of Bintulu in the Sarvak region, where …
The Head of Shell Called the Decline in Oil and Gas Production Dangerous and Irresponsible
Cutting oil and gas production would be dangerous and irresponsible, Shell CEO Wael Savan told the BBC. According to the top manager, the world is still “desperately in need of oil and gas”, and the speed of transition to renewable energy is not yet sufficient to replace them. Wael also …