Shell

Energy companies are looking to distributed ledger technology—otherwise known as blockchain—to help navigate the complex transactional systems that make up their operations. What is blockchain, and what makes it valuable to our industry?

Chief Executive Officer Ben van Beurden has the same message for activists seeking to bind Royal Dutch Shell to deep emissions cuts and investors concerned about the merits of shifting away from oil and gas: Trust me.

Royal Dutch Shell outlined a scenario in which, by 2070, we would be using far less of the company’s own product—oil—as cars become electric, a massive carbon storage industry develops, and transportation begins a shift toward a reliance on hydrogen as an energy carrier.

Falling costs and breakeven prices, increased operational efficiencies, and favorable government policy are at the heart of a potential short-term boon in Gulf of Mexico production.

The field marks the first development in Malaysia for the Abu Dhabi-based operator, with first gas expected in 2021.

The largest lease sale in the history of the area attracts $139 million in total bids, a $2 million increase over the previous lease sale held last August.

A carbon capture and storage (CCS) white knight has appeared on the horizon, and it is potentially a game changer. The US Congress has considerably expanded what was a modest and limited tax credit for CCS into something meaningful that ought to accelerate deployment of the technology.

Shell and SBM Offshore won recognition for their Gulf of Mexico Stones field development. The OTC Distinguished Achievement Award will be presented during a luncheon on 1 May at the Offshore Technology Conference in Houston.

Platform that once tested the limits of deep water will play new role closer to Louisiana coast.

The long-term decommissioning of the historic Brent field has necessitated redevelopment of the younger Penguins field in the North Sea, where the UK hopes to see more revival projects in the coming years.