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PGNiG to acquire Shell’s stakes in Kvitebjørn and Valemon fields

PGNiG to acquire Shell’s stakes in Kvitebjørn and Valemon fields

PGNiG Upstream Norway has agreed to acquire the stakes of Norske Shell in the producing Kvitebjørn and Valemon fields in the Norwegian North Sea. Norske Shell is a subsidiary of Royal Dutch Shell, while PGNiG Upstream Norway is a subsidiary of Polish state-controlled oil and gas company PGNiG. The financial terms of the deal were […]

Kosmos Energy to farm down offshore African exploration assets to Shell

Kosmos Energy to farm down offshore African exploration assets to Shell

Kosmos Energy has signed a deal worth up to $200 million with Dordtsche Petroleum Maatschappij (Shell), a fully-owned subsidiary of Royal Dutch Shell, to farm down interests in a portfolio of frontier exploration assets in Africa. The consideration for the US oil and gas company is made up of an upfront payment of nearly $100 […]

Mero oil field : Petrobras and partners to move ahead with phase 3 development

Mero oil field : Petrobras and partners to move ahead with phase 3 development

Petrobras and its partners will move ahead with the phase 3 development of the Mero oil field in the Libra block offshore Brazil, having taken the investment decision. The Mero field is located deep offshore in the prolific pre-salt area of the Santos Basin, 180 kilometers off the Rio de Janeiro coast. The partners will deploy […]

Crux gas project in Browse Basin : Shell Australia bags NOPSEMA approval

Crux gas project in Browse Basin : Shell Australia bags NOPSEMA approval

Royal Dutch Shell has bagged approval from the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for moving ahead with the Crux gas project in Western Australian waters. In 2018, the company’s subsidiary Shell Australia filed an offshore project proposal (OPP) to NOPSEMA for the development of the Crux gas field in Browse Basin. […]

Shell completes $541m sale of Appalachia shale gas asset to National Fuel Gas

Shell completes $541m sale of Appalachia shale gas asset to National Fuel Gas

Royal Dutch Shell said that one of its subsidiaries SWEPI has wrapped up the $541 million divestiture of its Appalachia shale gas asset to National Fuel Gas Company’s subsidiaries Seneca Resources Company and NFG Midstream Covington. The deal, which was announced in May 2020, includes the transfer of nearly 450,000 net leasehold acres in Pennsylvania, […]

Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and its partners have ramped up production in Block BM-S-11A (Iara cluster)  in the deepwater Santos Basin pre-salt offshore Brazil by starting production from the P-70 floating production storage and offloading vessel (P-70 FPSO). According to Total, a participant in Block BM-S-11A, the P-70 FPSO, which will produce the reserve of the Atapu field, […]

Equinor, Shell and Total to invest $680m in Northern Lights CCS project

Equinor, Shell and Total to invest $680m in Northern Lights CCS project

Oil and gas giants Equinor, Shell and Total have taken the decision to make initial investments of nearly NOK 6.9 billion ($680 million) in the Northern Lights CCS project, the first-ever carbon capture and storage project (CCS Project) on the Norwegian Continental Shelf. Equinor said that plans for development and operation of the CCS project […]

Shell to join Ecopetrol in developing Colombian Caribbean gas province

Shell to join Ecopetrol in developing Colombian Caribbean gas province

Colombian oil and gas company Ecopetrol and Royal Dutch Shell are joining forces to develop the newly discovered offshore Colombian Caribbean gas province. In this connection, Shell, through its subsidiary, Shell EP Offshore Ventures agreed to acquire a stake of 50% in the Fuerte Sur, Purple Angel, and COL-5 blocks. These Colombian Caribbean deep-water blocks […]

Shell wraps up $1.2bn Martinez oil refinery sale to PBF

Shell wraps up $1.2bn Martinez oil refinery sale to PBF

Martinez oil refinery sale : Equilon Enterprises, which trades as Shell Oil Products US, a subsidiary of Royal Dutch Shell, has formally wrapped up the $1.2 billion sale of the Martinez Refinery in California to PBF Holding Company, a subsidiary of PBF Energy. The sale, which was announced in July 2019, includes the oil refinery and inventory apart […]

Equinor, Shell join YPF in Bandurria Sur block, Argentina

Equinor, Shell join YPF in Bandurria Sur block, Argentina

Equinor and its partner Royal Dutch Shell have wrapped up a joint acquisition of the 49% stake held by Schlumberger in the onshore Bandurria Sur block in the Argentine province Neuquén. Each partner paid $177.5 million for their 24.5% interest in the Argentine onshore block, which spans nearly 56,000 gross acres in the central area […]

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