Shell Seismic Survey Approval Complied with Rules, S.Africa Minister Says
the exploration right application, an environmental impact assessment was carried out in 2013 (and) no objections were received," the letter said."All applicable legislative requirements were followed in granting the exploration right."On Dec. 28, a South African high court blocked Royal Dutch Shell from conducting seismic testing offshore of the Wild Coast, the latest ruling in a case brought by environmental groups and residents against Shell.Environmentalists and others have protested against Shell's plans for seismic blasting, saying its underwater acoustics are harmful to marine
Ocean Power Technologies Adds Three Directors to Its Board
Audit Committee. Purcel will Chair the OPT Board's Audit Committee and serve on the Compensation Committee and the Nominating and Corporate Governance Committee.Pete Slaiby has more than 39 years of offshore experience in the oil and gas industry, including several senior executive roles with Royal Dutch Shell. Slaiby serves on the Board of Directors for Glacier Oil and Gas (since 2019) and The Harris School in Houston, Texas (since 2017). During Slaiby's tenure as Shell's Vice President for Alaska Operations, he served on the Board of Directors for the Alaska Oil & Gas Association
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
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
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
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;
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 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
February 2024
