Shell
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The updated plan seeks to avert termination of the PSA by raising total investment and constructing a floating production unit at Aphrodite plus an export pipeline to Egypt. -
Updates about global exploration and production activities and developments.
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Hurricane prognosticators continue to believe the 2024 Atlantic storm season will be more active than normal, even after a somewhat slow start. In any case, the oil field is ready.
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Partners in Arrow Energy, Shell, and PetroChina expect to drill 2,500 new gas wells over 27 years to feed the Queensland Curtis LNG plant.
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ConocoPhillips’ CEO Ryan Lance sees a future for petroleum engineers as the energy mix expands.
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Shell moves its focus to other areas of the UK North Sea while ExxonMobil is making its final exit.
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The field is expected to begin production in 2027 using a normally unattended platform and eight development wells.
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Government grants and tax incentives will drive carbon capture, storage, and/or utilization projects in the next decade as the industry seeks profitable business model.
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Startup work at Shell’s North Sea redevelopment project is on track to commence later this year.
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Supermajor expands its global LNG footprint in a deal that will grow its presence in Asia and Europe.
