Shell
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The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group. -
Four licenses are awarded to seven oil companies as this round sees less interest than previous ones.
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Victories by climate activists targeting Shell and Exxon Mobil have packed a strong punch. What does this foretell for the next round in the climate debate?
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The $533-million field has a production capacity of 27,000 BOE/D and estimated reserves of 1.2 billion BOE.
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China is seen as leading the way for consumption growth in the coming decades.
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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.
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Oil producers that spent years gearing up for a growth spurt beginning in 2020 are making up for lost time.
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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
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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.
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The new deal will focus on developing Arctic onshore blocks in a region where a successful LNG project already exists.
