shell

In connection with a large number of media inquiries on the interaction of PJSC NK Rosneft and PJSC Transneft on the issue of taking joint measures to exclude oil pollution in the process of its commodity preparation and settlement of a number of existing issues, the companies report the following: …

Today, PJSC Gazprom and Shell concern signed a Strategic Cooperation Agreement for a period of five years. The signing ceremony took place via video conference in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beerden, Chief Executive Officer of Royal Dutch Shell plc. The signed document …

Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”), has reached an agreement with publicly listed Canadian energy company Crescent Point Energy Corp. (“Crescent Point”) to sell its Duvernay shale light oil position in Alberta, Canada for a total consideration of $707 million (C$900 million). The transaction has …

Shell today set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell …

Shell (NYSE:RDS), C3 AI (NYSE:AI), Baker Hughes (NYSE:BKR), and Microsoft (NASDAQ:MSFT) today announced the launch of the Open AI Energy Initiative™ (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. The OAI provides a framework for energy operators, service providers, equipment providers, and independent software vendors for energy services …

bp, Eni, Equinor, National Grid, Shell and Total today confirmed they have formed ‎a new partnership, the Northern Endurance Partnership (NEP), to develop offshore carbon dioxide ‎‎(CO2) transport and storage infrastructure in the UK North Sea, with bp as operator. This ‎infrastructure will serve the proposed Net Zero Teesside (NZT) …

The largest Caspian oil and gas event came to a close today after going online for the first time in its history. The Caspian oil and gas industry has demonstrated resilience to overcoming low oil prices, the COVID-19 crisis and technological challenges by transforming them into sustainable opportunities. The special …

Gazprom Neft and Shell have signed an agreement to establish a joint venture to study and develop the Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula. Following completion, the partners will each have a 50% interest in the capital of the joint venture. The joint venture will be managed by Gazprom Neft and Shell on a parity basis. Closing of the transaction …

Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels worldwide. The story was reported by Medium’s tech publication, OneZero, following an interview with The Cube that was published on YouTube. A Greenpeace report on Tuesday highlighted how Google, Microsoft, and Amazon use AI and warehouse servers to …

The Salym Petroleum Development portfolio of assets (a joint venture between Gazprom Neft and Shell) includes a new license for the right to geological exploration, exploration and production of traditional hydrocarbon reserves at the Salymsky-2 site in the Khanty-Mansi Autonomous Area. According to the agreement of partners, during the transaction …