Royal Dutch Shell News

The Northern Lights template on the seabed (Photo: Equinor)

Equinor-led Group Approves Northern Lights CCS Project

of European energy companies led by Norway's Equinor agreed on Friday to develop jointly a facility beneath the North Sea to store carbon dioxide storage, a technology that helps in the fight against climate change.The Northern Lights carbon capture and storage (CCS) project, a partnership with Royal Dutch Shell and Total, is expected to cost 6.9 billion Norwegian crowns ($675.23 million), Equinor said in a statement.The project is still subject to final approval by Norwegian authorities.CCS technology includes pumping heat-trapping carbon dioxide from the air and injecting it into underground storage

Image: Shearwater GeoServices

Shearwater Bags Shell Black Sea Seismic Gig

Geophysical services company Shearwater GeoServices said that it has been awarded a Black Sea 3D seismic acquisition contract by the oil giant Royal Dutch Shell plc.The provider of 3D marine seismic data acquisition said in a press note that the survey would cover an area of approximately 600 square kilometers in the western Black Sea.The one-month project will commence in Q4 2019 and will be conducted by the Polar Empress.“We are very pleased to receive this award by Shell which will employ the Polar Empress in continuation of other successful work offshore Turkey this season” said Irene

 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

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