Tag Archive

NNPC, Shell to Grow Nigeria’s Oil Reserves

NNPC, Shell to Grow Nigeria’s Oil Reserves

July 17, 2019 No Comments

The Management of the Nigerian National Petroleum Corporation (NNPC) and its age-long partner, Shell Petroleum Development Company (SPDC), on Tuesday expressed resolve to grow existing business relationship aimed at growing the nation’s crude oil reserves. Welcoming the high level Shell delegation led by the Vice-President of Shell Nigeria and Gabon, Mr. Peter Costello, to the […]

Millions In Jewelry, Seized From Corrupt Nigerian Ex-Oil Minister

Millions In Jewelry, Seized From Corrupt Nigerian Ex-Oil Minister

July 8, 2019 No Comments

A Nigerian court has ordered the seizure of $40 million of luxury items, mainly jewelry and a customized golden iPhone belonging to the ex-minister of Nigeria’s petroleum resources Diezani Alison-Madueke, according to Reuters. In addition to the customized iPhone, the items seized included—but was not limited to—419 bangles, 315 rings, and 189 wristwatches, according to Sahara […]

Shell plc Euro And GBP equivalent dividend payments

Shell plc Euro And GBP equivalent dividend payments

June 11, 2019 No Comments

The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2019 interim dividend, which was announced on May 2, 2019 at US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”). Dividends on A Shares will be paid, […]

Shell provides strategy update and financial outlook to 2025

Shell provides strategy update and financial outlook to 2025

June 4, 2019 No Comments

Royal Dutch Shell plc (Shell) today updates investors on the company’s strategy, setting out a compelling financial outlook to 2025 and building on a strong foundation that will enable it to thrive through the transition to a lower-carbon energy system. “We have reshaped our company with a focus on value and have demonstrated a clear […]

Shell starts production at Appomattox in the Gulf of Mexico

Shell starts production at Appomattox in the Gulf of Mexico

May 28, 2019 No Comments

Royal Dutch Shell plc, through its subsidiary Shell Offshore Inc (Shell) announces today that production has started at the Shell-operated Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water US Gulf of Mexico. Appomattox, which currently has an expected production of 175,000 barrels of oil equivalent per day (boe/d), […]

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 […]

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