Thursday, July 19, 2018

Royal Dutch Shell News

U.S. Court Dismisses Climate Change Lawsuits Against Oil Majors

File Image: Adobestock / © Renaschild

A California federal court dismissed climate change lawsuits against five oil companies by the cities of San Francisco and Oakland, saying the complaints required foreign and domestic policy decisions that were outside the purview of courts, Chevron Corp said on Monday.

Itochu Seeks North Sea Sale

(Photo: Dana Petroleum)

Japanese commodity trading house Itochu is seeking buyers for stakes in two North Sea oilfields, a pipeline and a terminal, a document seen by Reuters shows.The sale, run by Scotiabank, could fetch up to $250 million, according to banking sources.The transaction…

Shell Sells $1.3 Billion of Oil and Gas Assets

Picture taken after today’s signing. From left: Ola Borten Moe (OKEA CCO), Rich Denny (Managing Director A/S Norske Shell) and Erik Haugane (OKEA CEO)

Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end.The Anglo-Dutch company agreed to sell to OKEA, a Norwegian producer backed by private equity firm Seacrest Capital, its 45 percent inte

Total, Singapore's Pavilion Energy Sign LNG Ship Fuel Supply Chain Deal

Photo: Total Marine Fuels Global Solutions

Total and Singapore's Pavilion Energy have signed a non-binding deal through their subsidiaries to develop a liquefied natural gas (LNG) bunker supply chain in the port of Singapore, the companies said in a joint statement on Tuesday.Total Marine Fuels Global Solutions…

Shell-Partners Consortium Ready to Build Dutch Offshore Wind Farm

© magann / Adobe Stock

A consortium led by Swiss investor Partners Group and Royal Dutch Shell said it has secured financing for the building of a 1.3 billion euros ($1.5 billion) wind farm in the Dutch part of the North Sea.Shell and consortium partners Eneco, Van Oord and Mitsubishi/DGE…

Former Shell Oil Trading Boss Joins Vitol

The former head of oil trading at Royal Dutch Shell is joining the business development division of Vitol, the world's biggest independent oil trader, next week, a source familiar with the matter said. Mike Muller left Shell last November after 29 years at the company.

Shell CEO: "foolhardy" to Set Carbon Reduction Targets

BP CEO Bob Dudley (CREDIT BP PLC)

CEO says a target will expose Shell to lawsuits; BP has also taken cautious approach on targets. Royal Dutch Shell's boss said it would be "foolhardy" for the oil and gas producer to set hard targets to reduce carbon emissions as it risked exposing the energy giant to legal challenges.

Britain Launches North Sea Frontier Oil, Gas Licensing Round

© Lukasz Z / Adobe Stock

Britain's Oil and Gas Authority on Tuesday launched a licensing round for 1,766 offshore oil and gas blocks in the North Sea to attract investment in under-explored areas of the mature basin which is enjoying a revival of investor interest.The blocks cover an area of 370…

Hundreds of Norway Oil Workers Go On Strike

Photo courtesy of Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would…

Hundreds of Oil Workers Strike in Norway

Photo: Harald Pettersen / © Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers would…

Shell Feeds Gas to Australia's New Prelude FLNG

Prelude FLNG (File photo courtesy Shell)

Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman told Reuters on Wednesday.Gas was fed to the unit from liquefied natural gas (LNG) carrier Gallina, she said.

Cairn Buys Into Seacrest-backed British North Sea Oilfield

Photo: Cairn

Cairn Energy has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst, the companies said on Thursday, amid renewed interest in North Sea assets.Oil producers are returning to the North Sea having sold many assets in the past few years…

Danos Wins Shell Contract

Photo courtesy of Danos

Royal Dutch Shell subsidiary Shell Exploration and Production Company has awarded a contract to Danos to provide coatings for Shell’s deepwater Appomattox platform in the Gulf of Mexico. Located in the Gulf of Mexico 80 miles off the coast of Louisiana, the Appomattox…

Petronas Buys Stake in Canadian LNG Export Project

(File photo courtesy of Shell)

Malaysia's state-owned oil and gas company Petroliam Nasional Bhd said on Thursday it is buying a 25 percent stake in a Canadian liquefied natural gas (LNG) export project, nearly a year after cancelling its own planned terminal.The company, known as Petronas,…

Shell Starts New Gulf of Mexico Field ahead of Plan

Kaikias subsea infrastructure (Image: Shell)

Royal Dutch Shell on Thursday announced the start of production at the Kaikias field in the U.S. Gulf of Mexico, around one year ahead of schedule.Production from the subsea deep water development, which will reach 40,000 barrels of oil equivalent per day, comes…

AGL Decision on LNG Import Terminal Expected in FY2019

AGL Energy Ltd, Australia's biggest power producer, expects to make a final investment decision on the country's first liquefied natural gas (LNG) import terminal in the financial year of 2019, a company official said on Friday.The A$250 million ($189 million)…

Pope to Address Oil Majors in Vatican Climate Conference

© Mazur/catholicchurch.org.uk

The Vatican will host executives of the world's top oil companies for a conference next week on climate change and the transition away from fossil fuels, a Vatican source said on Friday.Pope Francis, who wrote a major document on protection of the environment from global warming in 2015…

Seacrest Capital Seeks More Norway, UK Oil Deals

Photo: Shell

Oil and gas-focused private equity firm Seacrest Capital is planning more offshore deals in Norway after buying stakes in two fields from Royal Dutch Shell this week, and is also seeking deals in Britain, a partner at the company said on Friday.Shell said on Wednesday it had agreed to sell its 45 percent interest in the Dra

Phoenix Petroleum, CNOOC Partner for LNG Terminal

© Wojciech Wrzesien / Adobe Stock photo

Philippine fuel retailer Phoenix Petroleum said it had agreed to partner with a subsidiary of state-owned China National Offshore Oil Corp (CNOOC) to explore building a receiving terminal for liquefied natural gas in the country.The Philippines is seeking investors…

GasLog Partners Signs New Charter Agreement with Cheniere Energy

Photo: GasLog Partners

GasLog Partners announced that it has entered into a new multi-year time charter for the GasLog Sydney with a wholly owned subsidiary of Cheniere Energy scheduled to commence in 2018. The charterer has options to extend the charter for up to two consecutive periods at escalating rates.

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