(Reuters, 7.Oct.2021) — Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers. In total, there were […]
Tag: Royal Dutch Shell Plc
Understanding The NGC Debacle: 10 Things To Know
(Loop News, 22.Sep.2021) — What is all the talk of the scandal surrounding the National Gas Company of T&T (NGC) really about? It can sometimes be hard to understand as many of us can get confused when we hear politicians talk about upstream (oil and gas exploration companies) and the […]
Atlantic LNG In Make-or-break Talks
(Argus, 8.Sep.2021) — Trinidad and Tobago’s beleaguered LNG producer Atlantic is working with the government on a restructuring to ensure its commercial viability, major shareholders Shell and BP told Argus. The 14.8mn t/yr Atlantic complex at Point Fortin is beset by a chronic feedstock shortage that led to the mothballing […]
Shell Invests In GOM Whale Development
(Shell, 26.Jul.2021) — Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, announces the final investment decision (FID) for Whale, a deep-water development in the U.S. Gulf of Mexico that features a 99% replicated hull and an 80% replication of the topsides from our Vito project. “Whale is the […]
Shell Delivers First Natural Gas From Barracuda Project
(Shell, 22.Jul.2021) — Shell Trinidad and Tobago (through BG International, a subsidiary of Royal Dutch Shell plc) today announces that production has started on Block 5C in the East Coast Marine Area (ECMA) in Trinidad and Tobago. This marks a significant milestone in the delivery of gas both domestically and […]
Vista Sales Interest In CoirĂłn Amargo Sur Oeste
(Vista Oil, 25.Jun.2021) — Vista Oil & Gas, S.A.B. de C.V. (NYSE: VIST; BMV: VISTA) announced its subsidiary Vista Oil & Gas Argentina S.A.U. sold its 10% working interest in the joint venture agreement over the CoirĂłn Amargo Sur Oeste (CASO) concession to Shell Argentina S.A., a subsidiary of Royal […]
Shell Reports Deep-Water Find At Leopard Prospect
(Shell, 11.May.2021) — Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, announced a significant discovery at the Leopard prospect in the deep-water U.S. Gulf of Mexico (GoM). The Leopard well encountered more than 600 feet (183 meters) net oil pay at multiple levels. Evaluation is ongoing to further define development options. “Leopard […]
Shell Suspends Vaca Muerta Ops After Seismic Activity
(Reuters, 7.Jun.2020) — Oil company Royal Dutch Shell Plc said it has suspended operations at its Bajada de Añelo site in Argentina’s Vaca Muerta area after seismic activity in the region. “We are evaluating the information available and the evolution of the situation over the weekend to decide on Monday […]
Guyana Searches For Firm To Trade Its Crude
(Reuters, 23.Jan.2020) — Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in an interview. The government is entitled to a portion of […]
Mexico Taps Banks As It Nears End Of Hedge
(Reuters, Devika Krishna Kumar and Stefanie Eschenbacher, 23.Oct.2019) — Mexico’s finance ministry has completed a majority of its annual oil hedging program, working with at least four top investment banks and oil major Royal Dutch Shell, sources said, after challenges slowed the world’s largest oil financial deal this year. JPMorgan […]
Brazil Approves 14 Firms For November Oil Tender
(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday. As widely expected, the companies participating include […]
Petrobras Refinery Sale Draws PetroChina
(Reuters, Tatiana Bautzer and Rodrigo Viga Gaier, 26.Aug.2019) — Brazil’s planned privatization of eight Petroleo Brasileiro SA refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said. Around 20 companies have signed non-disclosure agreements granting them access […]
Shell To Invest At Least $397 Million In Deepwater Oil Projects In Mexico
(Reuters, 11.Jun.2019) — Mexico’s independent oil regulator on Tuesday approved deepwater energy exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the maritime border with the United States. The plans commit the Anglo-Dutch oil major to invest at least $397 million over the next […]
Shell Commences Production At Appomattox Field In U.S. Gulf Of Mexico
(Shell, 23.May.2019) — Royal Dutch Shell plc, through its subsidiary Shell Offshore Inc (Shell) announces today that production has started 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 of […]
Shell Seeks To Sell Venezuela JV Stake
(Reuters, 12.Oct.2018) — Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas. The Anglo-Dutch […]
Petrobras to Boost Oil Output in 2019, Cut Debt $10 Billion – CFO
(Reuters, Devika Krishna Kumar, Simon Webb, 17.Sep.2018) — Brazil’s state-run oil giant PetrĂłleo Brasileiro SA aims to raise output as much as 10 percent to around 2.3 million barrels per day (bpd) in 2019 and cut net debt by $10 billion (7.62 billion pounds), Chief Financial Officer Rafael Grisolia told […]
AMLO to Continue Drilling Service Contracts
(Bloomberg, Amy Stillman and Eric Martin, 6.Sep.2018) — Mexico’s next president said he will continue with tenders for drilling service contracts starting when he takes office. “We are preparing the rescue plan for the oil industry that will consist of producing more crude oil soon, and we will need these […]