US States Slow Trump Offshore Oil Drilling Expansion Plan
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 Wael Sawan, Shell's executive vice president of deepwater. "We're encouraged by some of the elements but then some things like steel tariffs raise a question mark," he said. (Reporting By Jessica Resnick-Ault, additional reporting by Ron Bousso, editing by Gary McWilliams and David Gregorio
Shell, Petrobras Expand Deep Water Partnership
; executives to the Shell headquarters. “Competitive growth of deep-water resources remains key to our company’s strategy for decades to come, and we’re very pleased to advance the technical and operational benefits of our joint-ventures with Petrobras in Brazil,” said Wael Sawan, Executive Vice-President, Deep Water for Shell. “We’ve seen cost, safety, innovative thinking, and production growth evolve in a very positive way. Preferred partnerships and shared expertise are core to that success.” The agreement is valid for five years and
February 2025
