Shell

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.

iHawk, Cyberhawk’s cloud-based asset visualization software, will become Shell’s next-generation visualization software platform for all onshore, offshore, and subsea assets, as well as all global construction projects.

The contract continues the two companies’ 8-year working relationship; in 2012, they performed the world’s-first underdeck inspection.

GlassPoint Solar was founded in 2008 to replace the use of natural gas for steamflooding heavy-oil reservoirs. But amid low energy prices, its chief investor has decided to pull the plug for good.