Royal Dutch Shell News

 A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.. Photo: 
© benoitgrasser/AdobeStock

BOEM "Blown Away" by Record U.S. Offshore Wind Auction

 A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau of Ocean Energy Management (BOEM) announced the sale's three winners - Equinor Wind US LLC, Mayflower Wind Energy LLC, and Vineyard Wind LLC, at the conclusion of the two-day sale that attracted 11 bidders and lasted 32 rounds.Mayflower is a joint venture owned by Shell and EDP Renewables, a division of Portugal's EDP. Vineyard Wind is a joint venture

(Image: BOEM)

Europeans Sweep Record US Offshore Wind Auction

A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau of Ocean Energy Management (BOEM) announced the sale's three winners - Equinor Wind US LLC, Mayflower Wind Energy LLC, and Vineyard Wind LLC, at the conclusion of the two-day sale that attracted 11 bidders and lasted 32 rounds.Mayflower is a joint venture owned by Shell and EDP Renewables, a division of Portugal's EDP. Vineyard Wind is a joint venture between

McDermott Wins Subsea Work from Shell

McDermott International, Inc. announced Tuesday it has been awarded a contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, for new subsea umbilical and flowline installation at the Great White Frio development in Alaminos Canyon Block 857 in the U.S. Gulf of Mexico. The contract award will be reflected in McDermott's fourth quarter 2018 backlog.McDermott said its scope of work includes project management and engineering; installation of a flexible flowline from the well to a pipeline end termination; installation of one 2,000-foot-long steel flying lead;

Pipelay of the Nord Stream 2 Pipeline has started in Finland (Photo: Allseas)

US warns sanctions still an option against Nord Stream 2

States is vulnerable and we don't want to put ourselves in that position."Gazprom is the sole shareholder in Nord Stream 2, shouldering half of the 9.5 billion euro ($10.7 billion) construction cost. Gazprom's Western partners are Germany's Uniper and Wintershall, Anglo-Dutch group Royal Dutch Shell, France's Engie and Austria's OMV.($1 = 0.8888 euros)(Reporting by Alastair Macdonald; Editing by Adrian Croft

© Nord Stream 2 / Thomas Eugster

Nord Stream 2 Gas Pipeline is 70% Financed so Far

Nord Stream 1 pipeline from a current 55 billion cubic metres of gas a year, is owned by Gazprom, which is taking on half of the planned costs of 9.5 billion euros ($11 billion).The rest is divided between five European energy companies - Germany's Uniper and Wintershall, Anglo- Dutch group Royal Dutch Shell, France's Engie and Austria's OMV.($1 = 0.8679 euros)(Reporting by Vladimir Soldatkin; Editing by Susan Fenton

(File photo: Shell)

Gulf of Mexico Lease Sale to Test Response to Trump-era Regulations

uncertainty is gone, it is off the table," said Imran Khan, senior manager at consultants Wood Mackenzie. The clearer royalty rules may draw companies that held off in March, said Khan and Turner.The auction is likely to draw the largest and smallest Gulf of Mexico participants: companies such Royal Dutch Shell and Chevron Corp on one end, and LLOG, Kosmos Energy and Fieldwood Energy on the other, they said."If you're a company like Chevron or Exxon who plays in multiple basins, you have to make sure it is competitive with other basins globally," said Bob Fryklund, chief upstream strategist

Prelude FLNG (File photo courtesy Shell)

Shell Feeds Gas to Australia's New Prelude FLNG

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. Thomson Reuters Eikon ship tracking data shows that the vessel left Prelude FLNG port on June 7."This will cool down the tanks and process equipment and pipework with gas and is an opportunity to test processes and systems before the subsea wells are opened at start-up," she said.Shell and Inpex Corp

Kaikias subsea infrastructure (Image: Shell)

Shell Starts New Gulf of Mexico Field ahead of Plan

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 after Shell reduced its costs by around 30 percent to allow it to generate profit at less than $30 a barrel, the company said."We believe Kaikias is the most competitive subsea development in the Gulf of Mexico and a prime example of the deep-water opportunities we're able to advance with our technical expertise and capital discipline

© Mike Mareen / Adobe Stock

Record-size US Offshore Oil Lease Sale Draws Modest Bidding

robust: "I think we’re seeing continued consistent investment in the Gulf of Mexico," BOEM spokesman Mike Celata said in a conference call with reporters, adding he forecast increasing oil and gas production from the region for years.   He said 33 companies, including majors Royal Dutch Shell Plc , BP Plc, Chevron Corp, and Total SA , had placed 159 bids on 148 blocks.   But critics of the administration called the unusually large lease sale ill-timed. U.S. crude oil and natural gas output is already smashing records thanks to improved drilling technology that has opened

© Georg Lehnerer / Adobe Stock

US States Slow Trump Offshore Oil Drilling Expansion Plan

will have to stack up against existing projects.   They "will have to compete with the other drilling we have in the world," said Robert Ryan, Chevron's vice president of global exploration. "We just don't know, most of those areas haven't been evaluated yet."   Royal Dutch Shell, which is active in federal waters in the Gulf of Mexico, said it was encouraged by the additional Gulf acreage that is opening under existing lease sales. Costs, including a recent 25 percent tariff on imported steel, would be an issue.   "We know what we like here," said

© eqroy / Adobe Stock

Alaska Requests Limits on US Offshore Drilling

coast is the federal offshore Alaska area with the most exploration drilling to date, but there is no producing oil field located entirely in federal Beaufort waters.   The more remote Chukchi Sea, off northwestern Alaska and believed to hold vast amounts of oil and gas, was targeted by Royal Dutch Shell in the multibillion-dollar exploration program that the company scrapped in 2015. The Cook Inlet basin is Alaska's oldest oil-producing region, but all production to date has been on state territory. (Reporting By Yereth Rosen, Alaska; editing by Grant McCool

© xmentoys / Adobe Stock

As US Opens Up Offshore Waters, Eastern GoM Beckons

energy security - quicker than investing in other offshore areas."     The American Petroleum Institute and the Independent Petroleum Association of America have also expressed an interest in the eastern Gulf on behalf of its members, and big driller Royal Dutch Shell Plc told Reuters in October that "we have appetite and we are interested" in the eastern Gulf.    Trump's Interior Department has set up an "interagency working group" with the Defense Department to negotiate the issue, according to a Defense Department

(Photo: BSEE)

Eni Begins Drilling Oil Well in Alaska's Beaufort Sea

island and at Oliktok Point, did not immediately reply to requests for comment.   According to BSEE, Eni plans to use extended-reach drilling techniques to tap a formation on the Outer Continental Shelf that regulators approved a year ago. Eni is exploring the formation in partnership with Royal Dutch Shell Plc. The companies plan to drill two exploration wells plus two potential sidetrack wells over the next two years, according to BSEE. Shell in 2015 abandoned its exploration activities in offshore Alaska, citing high costs and stringent regulations.   In April, U.S. President Donald

Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role

of the company's urgency to replenish its resources base," analysts at Tudor, Pickering Holt & Co said on Thursday, adding that the Campos Basin deal was a bullish sign for Brazil's pre-salt block auctions.   Wednesday's record bid was around 5 times as much as the nearest one from Royal Dutch Shell and Repsol. Petrobras said it had information that some of the Campos blocks had high-potential pre-salt reserves.   Before the auction, Exxon was among the few oil majors without an exploration presence in Brazil's recently discovered large offshore fields.   "For Exxon

Shell, Petrobras Expand Deep Water Partnership

Two of the world’s largest energy companies, Royal Dutch Shell and Petrobras, signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil.    Shell said the partnership will allow it to benefit from technical solutions, contract management expertise and cost efficient initiatives Petrobras applies to Brazil’s pre and post-salt projects. Shell will share with Petrobras its global deep water experience, especially on cost efficiency efforts and use of technology.   

© Mike Mareen / Adobe Stock

Latest Gulf of Mexico Auction Signals Offshore Return

be announced after a 90-day review.   Some producers have signaled that they expect Gulf of Mexico projects to become more profitable now that they have trimmed operations to adapt to low oil prices. Offshore drilling typically requires higher prices for producers to break even.   Royal Dutch Shell claimed the largest number of blocks, with 19 high bids valued at a combined $25.1 million. Chevron Corp followed with 15 high bids totaling $27.9 million. Anadarko Petroleum Corp won 10 blocks for $10.6 million. Exxon Mobil Corp took seven blocks of land for $20.4 million.   Most of

Image of sea ice in the Beaufort Sea, acquired on 3 June 2017 by the Moderate Resolution Imaging Spectroradiometer (MODIS) instrument, on board the Aqua satellite. (Photo: NASA)

Trump Administration Approves Eni Plan to Drill Offshore Alaska

leases, which were set to expire by the end of the year, were outside of an area protected by former President Barack Obama weeks before he left office. The company's plan to move ahead with risky and expensive drilling comes despite years of low oil prices and dangerous Arctic conditions.   Royal Dutch Shell Plc quit its exploration quest offshore Alaska in 2015 after a ship it had leased suffered a gash in mostly uncharted waters and environmentalists had discovered an existing law that limited the company's ability to drill.   Environmentalists complained that the administration rushed

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