Tag: Shell

Energy, Oil & Gas

Shell partners advance low-carbon refinery heating at Rheinland

Shell, Schneider Electric and Axens have installed an industrial-scale electric tubular heater at Shell’s R3 base oil project in Germany, marking a milestone in refinery electrification. The companies said the technology is Europe’s first industrial-scale installation of its kind....

Energy, Oil & Gas

Shell, Chevron agree Ghana deepwater exploration framework

Shell and Chevron have signed a non-binding agreement with Ghana for production rights to the South Deepwater Tano Cape Three Points oil and gas block, as the West African country seeks to attract investment and reverse declining petroleum output....

Energy, Oil & Gas

bp agrees to sell exploration stakes to Shell in Brazil, Gulf of America

bp and Shell have agreed terms for Shell to acquire a 50 per cent stake in the Tupinambá exploration block in the Santos Basin, offshore Brazil, in addition to a 30 per cent stake in five leases containing the Conifer exploration prospect in the deepwater Gulf of America Paleogene. ...

Energy, Oil & Gas

Shell completes $16.5bn ARC Resources acquisition

Shell has completed its acquisition of Canadian energy company ARC Resources in a deal valued at approximately $16.5 billion, adding 370,000 barrels of oil equivalent per day and strengthening its upstream portfolio in Alberta and British Columbia. ...

Energy, Oil & Gas

Shell to take full ownership of Tri Star Energy in US expansion

Shell has agreed to increase its stake in US convenience store operator and fuel distributor Tri Star Energy from 33 per cent to 100 per cent, strengthening its company-owned retail presence in the southeastern US, particularly around Nashville....

Energy, Oil & Gas

Shell agrees $720m sale of Cyprus gas stake to MOL Group

Shell has agreed to sell BG Cyprus to MOL Group for up to $720 million, covering its 35 per cent stake in Cyprus Offshore Block 12’s Aphrodite gas field, with produced gas expected to be supplied to Egypt’s Egyptian Natural Gas Holding Company....

Energy, Oil & Gas

Shell to sell Sprng Energy group to Aditya Birla Renewables

Shell Overseas Investment, a wholly owned subsidiary of Shell, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to sell 100% of Solenergi Power Private Limited, which includes the Sprng Energy group of companies, for $1.8 billion....

Energy, Oil & Gas

Shell Offshore sells Gulf of America assets for $1.7bn

Shell Offshore has agreed to sell its 50 per cent stake in the Na Kika platform and associated Gulf of America fields, along with the Coulomb tieback, to Talos Energy and Ridgewood Energy subsidiaries for $1.7 billion....

Energy, Oil & Gas

Global LNG demand to rise 65pc by 2050, Shell forecasts

Global demand for liquefied natural gas (LNG) is projected to reach nearly 700 million tonnes annually by 2050, up around 65 per cent from 2025 levels, driven by growing demand for secure, flexible and lower-emission energy, according to Shell’s LNG Outlook 2026....

Energy, Oil & Gas

Strohm wins first Egypt contract for deepwater TCP flowline

Strohm has won its first contract in Egypt to supply a 2,000-metre thermoplastic composite pipe (TCP) flowline for a West Delta Deep Marine (WDDM) project operated by Burullus Gas Company, a joint venture between EGAS, Shell, and Petronas....

Energy, Oil & Gas

QatarEnergy takes stakes in three Uruguay offshore exploration blocks

QatarEnergy has acquired stakes in three offshore Uruguay exploration blocks from Shell’s BG International, including 18 per cent in OFF-4, 30 per cent in OFF-2, and 30 per cent in OFF-7, strengthening its partnership with Shell, Chevron, and APA Corporation across key exploration assets....

Energy, Oil & Gas

Shell strikes $16.4bn deal to acquire ARC Resources

Shell has agreed to acquire ARC Resources for $16.4 billion, strengthening its position in the Montney shale basin across British Columbia and Alberta, and expanding its presence in one of North America’s most prolific energy resource plays....

Energy, Oil & Gas

Vallourec wins major contract with Shell in Brazil

Vallourec, a leader in premium seamless tubular solutions, has secured a contract with Shell, following a competitive bidding process. The agreement covers the supply of OCTG (Oil Country Tubular Goods) products and services for Shell’s offshore operations in the development of the Orca project, formerly known as Gato do Mato....

Energy, Oil & Gas

DNO signs North Sea oil deal with ExxonMobil, Shell

DNO, the Norwegian oil and gas operator, has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell effective January 2026 and secured related offtake financing facilities for up to $410 million. ...

Energy, Oil & Gas

Shell grows interest in Atapu, Mero units offshore Brazil

Shell Brasil has increased its stakes in Brazil’s pre-salt Atapu and Mero offshore projects in the Santos Basin, acquiring additional equity through a Pré-Sal Petróleo auction, raising its interests to 16.917 per cent in Atapu and 20 per cent in Mero....