Royal Dutch Shell Plc 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;

© Mike Mareen / Adobe Stock

Record-size US Offshore Oil Lease Sale Draws Modest Bidding

"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 up

© 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 Trump

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

, 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 the

Mexico Auctions Two-thirds of Blocks in Shallow Water Oil Tender

itself and two in consortium with other companies. One comprised Capricorn and Mexican oil firm Citla, the other was with Citla alone. Citla also partnered with Capricorn to win another block.   Russia's Lukoil also took a block in the auction, as did a tie-up between France's Total SA and Royal Dutch Shell Plc.   The potential output from the shallow water oil and gas blocks auctioned could total 170,000 barrels per day of crude equivalent and investments could reach $8.2 billion, Energy Minister Pedro Joaquin Coldwell told a news conference.   The auction was the latest step in Mexico's

The Discoverer Enterprise, Q4000 and many other vessels work around the clock cleaning up the Deepwater Horizon oil spill in the Gulf of Mexico. (Photo: SGT Casey Ware, U.S. Army)

US Offshore Regulator to Unveil Tougher Environmental Safeguards

it provides flexibility to both the agency and the industry."   If a company defaults on its financing obligations, the government will track down previous owners or operators of the wells, Orr said.   Leases on many of the wells were originally owned by oil majors like BP, Royal Dutch Shell PLC, Exxon Mobil Corp and Chevron Corp.   Balance Sheet Pressure Under the new rules, companies will be exempt from providing additional clean-up guarantees only if the total estimated liability is less than 10 percent of a company's net worth.   It will be particularly difficult

Shell Selects Materia's Thermal Insulation System

Materia, Inc., in conjunction with Aegion Corporation, has been selected by Shell Offshore, Inc., a wholly-owned subsidiary of Royal Dutch Shell plc (Shell), to supply pipeline insulation materials for the Appomattox development in the deepwater Gulf of Mexico.    The insulation system is unique among existing polymers in its ability to provide an effective thermal barrier between flowlines and seawater. The thermosetting cross-linked hydrocarbon polymer maintains structural integrity in deepwater operating environments as an incompressible solid at water depths greater than 10,000 feet.

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