Tag: Shell
CCS technology a possible profit maker for oil majors
Carbon capture and storage (CCS) development has been held back due to high costs Carbon capture and storage, or CCS, technology could help industries known for having large carbon footprints reduce their CO2 emissions even though demand for their products is on the rise. The International Energy Agency forecasts the demand for steel, chemicals and […]
Shell buys European EV charging network NewMotion
NewMotion operates over 50,000 public EV charging points On Thursday, Royal Dutch Shell announced it will buy NewMotion, one of Europe’s largest electric vehicle charging networks. NewMotion provides access to a network of public and private charge points in 25 European countries. Sytse Zuidema, NewMotion’s chief executive said in a news release that “We are […]
EBI, Shell sign $25 million partnership to fund new energy tech research
Agreement will make EBI a global leader in energy technology research UC Berkeley’s Energy Biosciences Institute has entered into a five-year research agreement with Shell International Exploration and Production to fund research that meets the growing demand for energy in ways that are economically, environmentally and socially responsible, according to a UC Berkeley press release. The […]
Shell, Anadarko may let Permian JV expire to speed up development
10-year long Permian joint venture unlikely to be renewed Royal Dutch Shell and Anadarko Petroleum are exploring the possibility of letting a 10-year joint venture in the Permian Basin expire. The move would allow both companies to split their properties in an effort to speed up development, according to a report by Reuters. A senior Shell executive […]
After #ExxonKnew failure, activists try attacking Shell
Why should anyone take #ExxonKnew – or maybe it’s #ShellKnew now – seriously? By Katie Brown, PhD, EnergyInDepth What do wealthy activists do now that their #ExxonKnew campaign has failed? Choose another oil company to target, apparently. But the sequel is never as good as the original – and in this case, the original was […]
Oil sands sales raise doubt over future development prospects
High operating, production costs force Marathon out of oil sands The province of Alberta and its oil sands, already struggling to compete with cheaper US shale plays, were dealt a major blow when Shell and Marathon announced a major sell off of assets in the world’s third-largest crude reserves. Royal Dutch Shell and Marathon Oil Corp recently […]
Shell sells Alberta oil sands business to CNRL for $11.1 billion
Canadian Natural Resources already one of largest oil sands operators, makes significant bet on long-term future of bitumen Royal Dutch Shell plc is getting out of the Alberta oil sands, selling almost all of its interests and operations to Canadian Natural Resources Limited for $11.1 billion. Shell plc announced Wednesday the signing of two agreements by […]
New Shell Gulf of Mexico project approved, first since 2015
Shell Gulf of Mexico project to begin in 2019 By Ron Bousso LONDON, Feb 28 (Reuters) – Royal Dutch Shell has given the go-ahead to develop its Kaikias deepwater field in the Gulf of Mexico, the first such project the oil and gas company has approved in 18 months. Oil companies around the world are […]
New LNG buyers want shorter, smaller contracts: Shell
Shell LNG sales rose 45 per cent in 2016 LONDON, Feb 20 (Reuters) – Royal Dutch Shell, the world’s biggest liquefied natural gas (LNG) trader following its takeover of BG Group last year, said new LNG customers that will drive demand are looking for shorter and smaller contracts. Shell expects much of new LNG demand […]
Harbour Energy acquisition of Shell UK North Sea assets for $3 Billion
Acquisition of portfolio creates leading UK Independent E&P company focused on North Sea Harbour Energy, Ltd., the energy investment vehicle managed by EIG Global Energy Partners, announced it agreed to lead the acquisition by Chrysaor Holdings Limited of a well-diversified portfolio of oil and natural gas assets from Shell U.K. Limited and its affiliates to […]
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