Shell

The acquisition and divesture deal includes large-interest positions in nine offshore exploration blocks, several of which Shell may become the operator of.

After 2 years of testing, Shell is going all in on using high-flying technology to catch methane leaks to reduce its overall emissions to less than 1%.

The engineering simulation firm announced the successful deployment of a complete structural digital twin for Shell’s Bonga floating production, storage, and offloading vessel 120 km southwest of the Niger Delta in Nigeria.

Winning innovators focused on environment, safety, and operational efficiency.

Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash.

Shell’s health, safety, and environment team in Argentina, with support from Tenaris, created a new safety protocol during the down period that allowed the company to be the first operator to resume operations in May.

Shell and Chevron lead the pack in a slew of Q2 losses with $18.1 billion and $8.3 billion, respectively. ExxonMobil, ConocoPhillips, Royal Dutch Shell, Petrobras, and Repsol also posted losses. The tally of these global majors’ losses in a single quarter tops $30 billion.

Apache, Qatar, and Shell clinch best discovery, best new venturer, and energy transition leader.

Two of the biggest assets to suffer from the new valuation are in Australia. Shell’s QGC venture and its floating liquified natural gas facility, Prelude, have been reduced in value by up to $9 billion.

An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.