Tag Archive

Saudi Aramco to acquire Shell Saudi Arabia Refining Limited’s 50% share of SASREF JV for $631 million.

Saudi Aramco to acquire Shell Saudi Arabia Refining Limited’s 50% share of SASREF JV for $631 million.

April 23, 2019 No Comments

Abdulaziz Al-Judaimi, Saudi Aramco‘s Senior Vice President of Downstream, said: “The partnership with Shell has led to a strong record of performance and delivery of refined products. Saudi Aramco will take full ownership and integrate the refinery into its growing Downstream portfolio. SASREF will continue to be a critical facility in our refining and chemicals […]

Shell withdraws from joint Baltic LNG project with Gazprom

Shell withdraws from joint Baltic LNG project with Gazprom

April 11, 2019 No Comments

Shell is to withdraw from the Baltic LNG, its joint project with Gazprom after the Russian gas holding decided to change the concept of the project’s development, Cederic Cremers, Shell Russia Chairman, said. “Following Gazprom’s announcement on March 29 regarding the final development concept of Baltic LNG, we have decided to stop our involvement in […]

Shell to sell interest in Caesar-Tonga asset for $965 million

Shell to sell interest in Caesar-Tonga asset for $965 million

April 11, 2019 No Comments

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, signed an agreement yesterday to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd (Delek). The total consideration for this deal is $965 million in cash. The […]

Shell Invests in Nature to Tackle Co2 Emissions

Shell Invests in Nature to Tackle Co2 Emissions

April 10, 2019 No Comments

Shell today announces a programme to invest in natural ecosystems as part of its strategy to act on global climate change, including addressing carbon dioxide (CO2) emissions generated by customers when using its products. Shell plans to invest $300 million over the next three years. This programme will contribute to Shell’s three-year target, beginning in […]

MHPS’ H-100 Gas Turbine Gains Momentum

MHPS’ H-100 Gas Turbine Gains Momentum

March 12, 2019 No Comments

MHI Group’s efforts to compete for world-scale LNG liquefaction trains continues to move forward with the completion of successive technical qualification, conducted by oil majors and engineering companies. To date, major LNG players, including ExxonMobil, Shell, Total, along with key engineering contractors such as Bechtel, have all completed extensive qualification studies on Mitsubishi Hitachi Power […]

DPP preparing to prosecute Shell

DPP preparing to prosecute Shell

March 1, 2019 No Comments

OPL 245 – RDS plc informed of DPP preparing to prosecute We have been informed by the Dutch Public Prosecutor’s Office (DPP) that they are nearing the conclusion of their investigation and are preparing to prosecute Royal Dutch Shell plc for criminal charges directly or indirectly related to the 2011 settlement of disputes over Oil […]

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

February 28, 2019 No Comments

Pátria Investimentos, the Shell Group and Mitsubishi Hitachi Power Systems (MHPS) have announced the construction and operation of the Marlim Azul (Blue Marlin) gas-powered thermoelectric power plant in Macaé, Rio de Janeiro state in Brazil. The partnership includes construction of the power plant and the sale of its energy on both the regulated market, via […]

Shell Says Need for cleaner air driving strong LNG demand growth

Shell Says Need for cleaner air driving strong LNG demand growth

February 25, 2019 No Comments

Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tonnes to 319 million tonnes, according to Shell’s latest annual LNG Outlook. Shell expects demand to reach about 384 million tonnes in 2020. Global LNG supply is set […]

Shell to acquire sonnen

Shell to acquire sonnen

February 15, 2019 No Comments

Shell* has agreed to acquire 100% of sonnen, a leader in smart energy storage systems and innovative energy services for households. This follows an investment by Shell in May 2018 and means that post regulatory approval and completion sonnen will become a wholly owned subsidiary of Shell. “sonnen is one of the global leaders in […]

Shell, ExxonMobil, and Chevron Post Best Results In Years

Shell, ExxonMobil, and Chevron Post Best Results In Years

February 5, 2019 No Comments

Despite the nearly 40-percent oil price slide in the fourth quarter, supermajors booked solid sets of Q4 and 2018 results, suggesting that they have learned to raise profits even when oil prices are well below $100 a barrel and may never return to the triple-digit mark. Three of Big Oil’s five—Shell, ExxonMobil, and Chevron—reported strong […]

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