Tag: Shell

Venezuela Flared 46% of its 3,895 MMcf/d of Natural Gas Production in 2024

  • 0

HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), flared 46% of its natural gas production of 3,895 million cubic feet per day (MMcf/d) in 2024, according to details provided by ChemStrategy. Another 46% […]

Namibia Energy Ministry: Shell to Write-Down $400mn in PEL 39 [PDF Download]

  • 0

(Editors at Energy Analytics Institute, 11.Jan.2025) — Namibia’s Ministry of Mines and Energy issued an official statement saying that Shell will write down $400mn on an oil discovery made in Petroleum Exploration License (PEL) 39 in accordance with the company’s accounting principles. Shell “encountered technical and geological difficulties in PEL […]

Brava Energia Reports on Dec. 2024 Production

  • 0

(Brava Energia, 10.Jan.2025) — Brava Energia released preliminary and unaudited production data for the month of Dec. 2024. Brava is the operator of the Potiguar Complex, the Recôncavo Complex, Peroá, Papa-Terra and Atlanta, and holds a non-operated stake of 35% in the Pescada Cluster, 45% in the Manati Field, both […]

Shell Starts Production in US GOM at 100,000 boe/d Whale Development

  • 0

(Editors at Energy Analytics Institute, 9.Jan.2025) — Shell plc subsidiary Shell Offshore Inc. announced the start of production at the Shell-operated Whale floating production facility in the Gulf of Mexico (GOM).  Whale replicates the simplified, cost-efficient host design of the Vito platform, which began production in early 2023. The Whale […]

Shell Takes FID at Bonga North Offshore Nigeria

  • 0

(Energy Analytics Institute, 16.Dec.2024) — Shell plc subsidiary Shell Nigeria Exploration and Production Company Limited (SNEPCo) announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Peak gross production of 110,000 barrels per day of oil (b/d) is expected by the end of […]

Touchstone to Pay $23mn to Shell Trinidad for Central Block Assets

  • 0

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 13.Dec.2024) — Touchstone Exploration Inc.‘s wholly owned subsidiary, Touchstone Exploration (Trinidad) Ltd. (TETL), entered into an agreement with BG Overseas Holdings Limited to acquire all the share capital of Shell Trinidad Central Block Limited (STCBL).  Per the terms of the acquisition agreement, TETL […]

Shell Announces FID for Silvertip Phase 3 in US GOM

  • 0

(Energy Analytics Institute, 12.Dec.2024) — Shell plc subsidiary Shell Offshore Inc. announced a final investment decision (FID) on the Phase 3 Silvertip project in the US Gulf of Mexico (GOM). The project will deliver two wells to boost production at the Shell-operated Perdido spar, Shell announced 12 Dec. 2024 in […]

Nauticus Robotics Completes US GOM Survey Work for Shell

  • 0

(Energy Analytics Institute, 5.Nov.2024) — Nauticus Robotics, Inc., which offers subsea robotics and software, successfully completed its initial 2024 Gulf of Mexico (GOM) survey scope for Shell plc‘s subsidiary Shell Exploration and Production, Inc.  Successful completion of this work combined with the submission of a final report completes the initial […]

Shell Reports Sequential Rise in 3Q:24 Production

  • 0

(Energy Analytics Institute, 31.Oct.2024) — Shell plc completed a number of scheduled maintenance activities ahead of time, which paved the way for higher production, Shell CFO Sinead Gorman said 31 Oct. 2024 during the company’s third-quarter 2024 (3Q:24) webcast with analysts. Shell reported total production of 1.811 Mboe/d in the […]

Shell Reports 3Q:24 Results, Announces $3.5bn Buyback (PDF Downloads)

  • 0

(Shell, 31.Oct.2024) — Shell Plc reported third-quarter 2024 (3Q:24) adjusted earnings of $6bn, despite the lower crude prices and weaker refining margins, reflect strong operational performance in Integrated Gas, Upstream and Marketing. Shell’s cash flow from operations (CFFO) of $14.7bn for the 3Q:24 includes a working capital inflow of $2.7bn; […]

CNOOC Inks 4 Contracts for Blocks Offshore Brazil

  • 0

(Energy Analytics Institute, 17.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Petroleum Brasil Ltda, entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian National Agency for Petroleum (ANP) and the partners in the Pelotas Basin. The contracts were signed for S-M-1813 in the Santos Basin, P-M-1737/39/97 in the […]

Overview: Shell Deer Park

  • 0

(Shell, 16.Oct.2024) — Just before the Great Depression, Shell became the first manufacturer to call Deer Park home in 1929. At that time, Deer Park had no other businesses or buildings in what is now a bustling community about 20 miles east of downtown Houston. The original 800-acre site was […]

Petrobras Inks 3 Concession Pelotas Basin Contracts

  • 0

(Energy Analytics Institute, 9.Oct.2024) — Petrobras signed the three remaining concession contracts from the 4th Permanent Concession Offer Cycle. The concessions were acquired in partnership with Shell and CNOOC at the Dec. 2023 public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Petrobras announced 14 […]

Shell Poised to Add Pipeline Capacity in US GOM

  • 0

(Shell Pipeline Company, 3.Oct.2024) — Shell Pipeline Company LP announced the Final Investment Decision (FID) for the Rome Pipeline, an offshore pipeline construction project increasing access between Shell’s Green Canyon Block 19 (“GC-19”) pipeline hub platform and the Fourchon Junction facility on the Louisiana Gulf Coast. The pipeline will bring […]

Northern Lights Ready to Receive CO2

  • 0

(Equinor, 26.Sep.2024) — On 26 Sep. 2024 the Norwegian Minister of Energy conducts the official opening of the Northern Lights CO2 transport and storage facility in Øygarden, near Bergen. The Northern Lights facility is a joint venture between Equinor, Shell and TotalEnergies. “The completion of the Northern Lights facility marks an […]

Northern Lights Facilities Finished, Ready to Store CO2

  • 0

(TotalEnergies, 26.Sep.2024) — TotalEnergies and its partners, Equinor and Shell, announce the completion of the CO2 receiving and storage facilities of Northern Lights Joint-Venture in Norway. The facilities consist in a terminal that will receive CO2 cargos, a 100 km subsea pipeline for CO2 transportation to the offshore storage location, […]

Shell Invests in Water Injection at US GOM Field

  • 0

(Shell, 14.Aug.2024) — Shell Offshore Inc., a subsidiary of Shell plc, has taken a Final Investment Decision (FID) on a ‘waterflood’ project at its Vito asset in the US Gulf of Mexico. Water will be injected into the reservoir formation to displace additional oil. The process is due to begin in […]

Shell Invests in Phase 2 of Surat Gas Project in Australia

  • 0

(Shell, 12.Aug.2024) — Arrow Energy, an incorporated joint venture between Shell (50%) and PetroChina (50%), has announced plans to develop Phase 2 of Arrow Energy’s Surat Gas Project in Queensland, Australia. The gas from the project will flow to the Shell-operated QCLNG liquefied natural gas (LNG) facility on Curtis Island, […]

US to Lose Canadian Gas when LNG Canada Starts Up

  • 0

(Reuters, 3.May.2024) — The start-up of LNG Canada, the country’s first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its […]

Shell Invests in GOM Sparta Development

  • 0

(Shell, 19.Dec.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Sparta, a deep-water development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects.  Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), […]

Petrobras Reveals Results of ANP Bidding Process

  • 0

(Petrobras, 13.Dec.2023) — Petrobras has acquired 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Petrobras acquired blocks P-M-1739, P-M-1737 and P-M-1797 in partnership with CNOOC Petroleum Brasil Ltda and Shell Brasil Petróleo Ltda. The consortium […]

Companies Ask US, EU to Intervene in Venture Global LNG Dispute

  • 0

(Reuters, 11.Nov.2023) — BP (BP.L), Edison (EDNn.MI) and Shell (SHEL.L) pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm’s failure to deliver contract supplies of the fuel. The companies appealed to the U.S.-EU Task Force on Energy Security last month, and a […]

Shell Signs 12-Year Deal to Supply Morocco with LNG

  • 0

(Morocco World News, 14.Jul.2023 ) —  has entered into a 12-year agreement to provide the country with 0.5 billion cubic meters (bcm) of liquefied natural gas (LNG) annually. The deal was signed by the National Electricity and Drinking Water Office (ONEE) and Shell and it aims to support Morocco’s energy needs […]

QatarEnergy Awards EPC Contract for North Field South Project

  • 0

(QatarEnergy, 16.May.2023) — QatarEnergy announces the award of the engineering, procurement, and construction (EPC) contract for the North Field South (NFS) project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA). NFS, together with the North Field East (NFE) project, will increase […]

Shell Takes FID at Dover in US Gulf of Mexico

  • 0

(Shell, 15.Mar.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Dover, a planned subsea tieback to the Shell-operated Appomattox production hub in the US Gulf of Mexico (GoM). Dover is expected to start production in late 2024-early 2025 and produce up to […]

Shell Starts Production at Vito in US GOM

  • 0

(Shell, 16.Feb.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced that production has started at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM). With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform […]

Shell LNG 2023 Outlook [PDF Downloads]

  • 0

(Shell, 16.Feb.2023) — Europe’s increased need for liquefied natural gas (LNG) looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the longer term, according to Shell’s LNG Outlook 2023. ____________________

Oman: TotalEnergies is Rolling Out its Integrated Gas Strategy

  • 0

(TotalEnergies, 20.Jan.2023) — In line with its growth strategy in gas and LNG, a fuel contributing to the energy transition, TotalEnergies announces the start of gas production from onshore Block 10 in the Sultanate of Oman as well as an agreement with Oman LNG for a long-term LNG purchase contract. […]