Shell

The $533-million field has a production capacity of 27,000 BOE/D and estimated reserves of 1.2 billion BOE.

China is seen as leading the way for consumption growth in the coming decades.

Shell, C3 AI, Baker Hughes, and Microsoft have teamed up to launch the Open AI Energy Initiative platform that is designed to present AI-based reliability applications to improve operational efficiency.

Oil producers that spent years gearing up for a growth spurt beginning in 2020 are making up for lost time.

Shell ended the year by announcing more writedowns, pushing the total near $22 billion, and raising questions about the future of its Appomattox platform in the Gulf of Mexico

The agreement will see Akselos become one of the global energy company’s verified suppliers for structural integrity assessments, forming part of Shell’s newly formed Digital Twin Platform.

The new deal will focus on developing Arctic onshore blocks in a region where a successful LNG project already exists.

Dutch oil major Shell is looking to further develop its North Slope oil position in Alaska. The company’s offshore unit applied to form the West Harrison Bay Unit offshore from the National Petroleum Reserve–Alaska with plans for drilling and exploration.

Shell has selected Bentley Systems, a provider of software and digital twin cloud services, to help streamline its capital projects and decrease time to first oil.

Shell's CEO said the Dutch supermajor has "too many layers" and that the move to downsize will help ensure its future. As a result, at least 9,000 people are expected to leave the oil and gas producer between now and 2022.