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NEWS | Shell leads field with strong 1Q19 results

Reuters is reporting that Royal Dutch Shell has record a small drop in its first quarter profits (down to US$5.4 billion), but has still overachieved compared to forecasts. LNG earnings and stronger t (...)

NEWS | Nigeria gunmen kidnap Shell workers and kill police guards

Two senior employees of the oil company Shell have been kidnapped and their police escorts killed in Nigeria's restive Delta region, police said.

NEWS | Shell in talks to buy BP stake in North Sea gas field - sources

Royal Dutch Shell is in talks to buy BP’s stake in the Shearwater oil and gas field in the British North Sea for around $250 million, three industry sources told Reuters.

NEWS | Shell awards contract to Halliburton for offshore project in Brazil

Royal Dutch Shell has awarded a three-year contract to Houston oilfield service company Halliburton to explore and develop two projects off the coast of Brazil.

NEWS | Chrysaor close to deal for Conoco's North Sea assets

Chrysaor, the private equity backed operator is reportedly close to a deal to purchase ConocoPhillips’ North Sea oilfields, a deal that would have them lead the way in north sea productoin.

NEWS | Chevron deal makes it oil ‘ultramajor’

Chevron Corp agreed to buy Anadarko Petroleum Corp in a US$33 billion deal that adds US shale oil and African liquefied natural gas (LNG), and puts it in the top ranks of the world’s largest energy co (...)

NEWS | Shell Sells Billion Dollar Gulf Of Mexico Asset

Shell has sold its 22.45-percent interest in the Anadarko-operated Caesar-Tonga field in the U.S. section of the Gulf of Mexico to Israeli Delek Group for US$965 million.

NEWS | Barclays upbeat on outlook for BP and Royal Dutch Shell

Analysts at Barclays sounded an upbeat note on Big oil, telling clients that companies in the space remained free cash-flow positive in the first quarter of 2019, with management teams' commitment to (...)

NEWS | Saipem lands $200m contracts in Norway, Middle East

Saipem has been awarded new drilling contracts totalling over $200m for work offshore in Norway and the Middle East.

NEWS | Shell Sells 40% Stake In Colombian Blocks To Noble Energy

Royal Dutch Shell PLC sold a 40% stake and handed over operatorship for two major offshore contracts to Noble Energy Inc in a deal signed with the Colombian government.

NEWS | Shell powers into UK retail market in bid to become biggest energy firm

Royal Dutch Shell took a step forward in its aim to become the world’s biggest power company, with an aggressive move into the UK retail market, offering one of the cheapest tariffs available.

NEWS | Unite works to end ‘hated’ 3/3 rota in North Sea

Unite workers’ union has welcomed Shell’s decision this week to ditch the three-weeks-on/three-weeks-off rota shifts for its offshore workers in the UK North Sea. The union now hopes other North Sea o (...)

NEWS | Shell Faces Dutch Refinery Strike Vote On Labour Deal Rejection

Workers at a refinery in the Netherlands owned by FTSE 100-listed oil & gas giant Royal Dutch Shell PLC are to vote on possible strike action later in March after they rejected a labour deal by the fi (...)

NEWS | The UK North Sea operators developments and discoveries

Industry and government bodies issued several major reports on the state of the UK Continental Shelf and its future and value, a major discovery was announced, and operators continued to strike deals (...)

NEWS | McDermott wins contracts from SSB and SEP for offshore projects

McDermott International has won contracts from Sarawak Shell Berhad (SSB) and Sapura Exploration and Production (SEP) for offshore projects in Malaysia.

NEWS | PD&MS announces EPC Modifications contract extension with Shell UK

PD&MS has won a two-year contract extension with Shell UK, extending an existing partnership through to April 2021, and securing in the region of 50 full time jobs.

NEWS | Aker Solutions ASA: Fourth-Quarter Results 2018

Aker Solutions increased the 2018 fourth quarter revenue to 7 billion, a rise of 8 percent compared to fourth quarter 2017, as the company won significant international awards in a competitive, but im (...)

NEWS | Shell buys into 190 mln boe Cluff gas projects in UK North Sea

Royal Dutch Shell bought stakes and options in gas licenses in the southern British North Sea estimated to contain a total of 190 million barrels of oil equivalent from Cluff Natural Resources, Cluff (...)

NEWS | North Sea exploration deal coup for oil and gas pioneer

NORTH Sea oil pioneer Algy Cluff has won vindication for his decision to refocus on the area after Royal Dutch Shell bought into acreage amassed by the company he developed.

NEWS | New opportunities boost offshore market outlook

A new offshore is taking shape. Offshore oil and gas exploration and production activity appears to be on pace for steady, incremental growth for the foreseeable future as operators seem intent to sus (...)

NEWS | Virtual reality provides springboard for rebounding offshore capital

Digitalization has emerged as a powerful lever for helping oil and gas operators reduce costs and improve efficiencies amid the low-price environment.

NEWS | Shell’s 2018 profits jump by a third to best levels since 2014, cash generation strong

The oil giant's full-year earnings based on a current cost of supplies (CCS) and excluding identified items rose by 36% to US$21.4bn, above consensus estimates for US$20.98bn

NEWS | Egypt aims to be a Mediterranean energy hub

Energy demand in Egypt has been rising in recent years. Yet, oil production in Africa’s largest non-OPEC producer has been declining.

NEWS | UK North Sea Oil & Gas Review

As we rolled into the New Year, companies operating in the UK North Sea announced updates on several projects and analysts and associations issued some end-of-year reports or forecasts for what is in (...)

NEWS | Faroe Petroleum in Edinburgh prospect partnership

Faroe Petroleum has announced its partnership with subsidiaries of Royal Dutch Shell plc (‘Shell’) and Spirit Energy Limited (‘Spirit’) following the award of PL 969 in the recent APA licensing round (...)
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