By Kelly Gilblom (Bloomberg) -- Royal Dutch Shell Plc is demonstrating how tough it is for a massive, 100-year-old oil company to become a friend to the climate. Shell’s greenhouse-gas emissions rose last year to the highest since 2014, it said Monday. The increase shows the challenge facing Chief Executive Officer Ben van Beurden as his company grows to meet … [Read more...]
Shell’s Prelude FLNG Start-Up Plan Risks Losing Gas to Rivals
By Perry Williams (Bloomberg) -- After a decade planning the world’s largest floating gas export plant, Royal Dutch Shell Plc’s supplies could get tapped by a competitor first. Shell and Japan’s Inpex Corp. are both targeting gas from a connected reservoir in Australia’s remote Browse Basin, about 200 kilometers (125 miles) off its northwest coast, according to consultant … [Read more...]
How Shell Hid a ‘Whale’ Well Before Placing Mexican Oil Bet
By Ron Bousso and Marianna Parraga LONDON/HOUSTON, March 2 (Reuters) - The gasps in the audience were clearly audible at the auction of Mexico's oil blocks a month ago as Royal Dutch Shell's hefty bids were announced one by one. The size of Shell's cash payments - $343 million out of the total of $525 million that Mexico earned in the sale - far outstripped its … [Read more...]
Shell Time Charters Two Pioneering LNG-Powered Tankers from SCF Group
Russian state-owned shipping company SCF Group has signed time charter agreements with a unit of Royal Dutch Shell for the charter of two of the world's first LNG-powered oil tankers. The signed agreements mark the next step in SCF Group's effort to construct six Aframax tankers powered by a combination of liquefied natural gas and heavy oil. The vessels are currently under … [Read more...]
Chevron, Shell Both Announce Major Oil Discoveries in Deepwater Gulf of Mexico
Both Chevron and Royal Dutch Shell on Thursday announced major deepwater oil discoveries at two separate wells located in the U.S. Gulf of Mexico. Both finds have been described as being hugely significant. Shell's Whale Discovery First, Shell Offshore said it had encountered more than 1,400 net feet of oil-bearing pay at the Whale deepwater well, which is located … [Read more...]