Royal Dutch Shell plc announced a major revamp of its upstream business on Tuesday, which would separate operations into three businesses, including a new unconventional unit to oversee shale, tight natural gas/oil and oilsands exploration and development worldwide.
Shell
Articles from Shell
NGI The Weekly Gas Market Report
Shell Records $7.9B in Charges, Pulls Back Across North America
Royal Dutch Shell plc recorded $7.9 billion in charges for the third quarter after writing off $2.6 billion in abandonment costs for its Alaska offshore venture, $2 billion to cease plans for an oilsands project in Canada and $2.7 billion for the value of its global natural gas and oil portfolio. If and when prices rise, the United States is not at the “top of our list..to immediately spend more money on,” the CFO said.
Zydeco Holding Open Season For Crude Oil Replacement Line in Louisiana
Zydeco Pipeline Co. LLC, jointly owned by a unit of Royal Dutch Shell plc and its master limited partnership, is holding a nonbinding open season for capacity on a possible new crude oil pipeline in Louisiana.
Interior Doesn’t Shut Door on Future Arctic Exploration
The Obama administration on Friday imposed more barriers to explore for oil and natural gas offshore Alaska, angering state officials, legislators and industry groups, but the Department of Interior indicated that it hasn’t ruled out future exploration activity.
Natural Gas Crucial to Low-Carbon Future, Say ExxonMobil, Shell CEOs
The CEOs of ExxonMobil Corp. and Royal Dutch Shell plc this week each said renewables have a role to play in future world energy supply, but natural gas still would lead the way toward a sustainable future.
Australian Regulators Put the Brakes on Proposed Shell-BG Merger
Regulators with Australia’s Competition and Consumer Commission (ACCC) said they are concerned that Royal Dutch Shell plc’s proposal to purchase UK-based BG Group plc could lead to higher natural gas prices, and they have postponed a decision on whether to approve the merger for two months.
Proposed Shell-BG Merger Passes European Muster
Regulators in Europe have approved Royal Dutch Shell plc’s proposal to spend almost $70 billion to buy UK-based BG Group plc, a deal that would create the largest liquefied natural gas (LNG) company in the world.
Shell Approved to Drill Deeper at One Chukchi Prospect
Royal Dutch Shell plc on Monday was given the green light by federal regulators that allows it to drill deeper at one prospect offshore Alaska.
Shell Cuts 6,500 Jobs, Slashes Capex, Prepares For ‘Several Years’ of Low Prices
Royal Dutch Shell plc, whose profits fell 37% in the second quarter, plans to cut 7% of its workforce — an estimated 6,500 jobs — and is reducing capital spending across the board as it reacts to what may be a prolonged period of low natural gas and oil prices.
Shell Receives Fed’s OK — With Conditions — to Begin Summer Exploration Offshore Alaska
The Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) on Wednesday granted a Royal Dutch Shell plc unit conditional approval of two permits for limited exploratory drilling activities in the Chukchi Sea offshore Alaska, but it is limited to drilling only the top sections of wells and barred — for now — from drilling into oil-bearing zones.